---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-23-000028"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:59:43.915359+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kelly Q3 adjusted EPS doubles to $0.50; EBITDA margin 2.3% vs 1.6%

## Summary
- Revenue $1.1B, down 4.3% YoY (down 5.8% constant currency).
- Adjusted operating earnings $15.5M, up 60% from $9.5M in Q3 2022.
- Adjusted EPS $0.50, double prior year $0.25; reported EPS $0.18.
- Adjusted EBITDA margin 2.3% vs 1.6% Q3 2022; Q4 guidance 2.8-3.0%.
- Dividend $0.075/share declared, payable Dec 6, record Nov 22, 2023.

## SEC filing metadata
- accession: 0000055135-23-000028
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/55135/000005513523000028/0000055135-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513523000028/kelya-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-23-000028
- JSON: https://secwatch.observer/filing/0000055135-23-000028.json
- Plain text: https://secwatch.observer/filing/0000055135-23-000028.txt

## Key facts
- Earnings Releases
  KELLY SERVICES INC reported third quarter of 2023 results: EPS Earnings per share in the third quarter of 2023 were $0.18 compared to a loss per share of $0.43 in the third quarter of.
  - Period: third quarter of 2023
  - EPS: Earnings per share in the third quarter of 2023 were $0.18 compared to a loss per share of $0.43 in the third quarter of
  - Result: reported results
  source text: Peter Quigley, president and chief executive officer, announced revenue for the third quarter of 2023 totaled $1.1 billion, a 4.3% decrease, or 5.8% decrease in constant currency, compared to the corresponding quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000028/0000055135-23-000028-index.htm
- Earnings Releases
  KELLY SERVICES INC reported third quarter of 2023 results: EPS Earnings per share in the third quarter of 2023 were $0.18 compared to a loss per share of $0.43 in the third quarter of.
  - Period: third quarter of 2023
  - EPS: Earnings per share in the third quarter of 2023 were $0.18 compared to a loss per share of $0.43 in the third quarter of
  - Result: reported results
  source text: Earnings per share in the third quarter of 2023 were $0.18 compared to a loss per share of $0.43 in the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000028/0000055135-23-000028-index.htm
- Earnings Releases
  KELLY SERVICES INC updated its fourth quarter of 2023 guidance (reaffirmed).
  - Period: fourth quarter of 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: In the fourth quarter of 2023, Kelly expects to achieve an adjusted EBITDA margin in the range of 2.8% to 3.0%, reflecting the impact of market conditions that are more challenging than anticipated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000028/0000055135-23-000028-index.htm

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