---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-23-000018"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T19:45:12.899237+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kelly Services Q2 2023 Revenue Down 3.9% Amid Transformation Charges; Declares Dividend

## Summary
- Q2 2023 revenue $1.2B, down 3.9% year-over-year; organic constant currency revenue down 2.2%
- Gross profit margin 19.8%, down 90 bps due to lower permanent placement fees
- Operating earnings $6.2M including $8.0M transformation-related restructuring charges; adjusted earnings $14.2M
- Board declares dividend of $0.075 per share, payable Sept 6, 2023
- Company targets adjusted EBITDA margin of ~3% exiting 2023, with normalized range 3.3%-3.5%

## SEC filing metadata
- accession: 0000055135-23-000018
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513523000018/0000055135-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513523000018/kelya-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-23-000018
- JSON: https://secwatch.observer/filing/0000055135-23-000018.json
- Plain text: https://secwatch.observer/filing/0000055135-23-000018.txt

## Key facts
- Earnings Releases
  KELLY SERVICES INC reported three and six months ended July 2, 2023 results: revenue $1.2 billion, EPS $0.20. Guidance reaffirmed.
  - Period: three and six months ended July 2, 2023
  - Revenue: $1.2 billion
  - EPS: $0.20
  - Guidance: reaffirmed
  - Result: reported results
  source text: provider, today announced results for the second quarter of 2023. Peter Quigley, president and chief executive officer, announced revenue for the second quarter of 2023 totaled $1.2 billion, a 3.9% decrease, or 4.5% decrease in constant currency, compared to the corresponding quarter of 2022, with organic, constant currency revenue down 2.2%. Year-over-year revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000018/0000055135-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.