secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000055135-23-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513523000018/0000055135-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513523000018/kelya-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000055135-23-000018

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