Kelly Q4 adjusted EPS $0.93, up from $0.18; European staffing sale completed

KELLY SERVICES INC

2023-FY EPS reported $0.98 revenue$4,835,700,000

Q4 revenue $1.2B flat YoY; adjusted EPS $0.93 vs $0.18 YoY, up over 4x.
Adjusted operating earnings $22.1M (up 59% vs $14.0M prior year) on lower SG&A.
European staffing operations sale closed early Jan 2024, unlocking >$100M capital.
EBITDA margin expected to reach 3% entering 2024 vs historical ~2%.
Board declared $0.075/share dividend payable March 13, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KELLY SERVICES INC reported the three months and year ended December 31, 2023 results: revenue $1.2 billion, EPS $0.31.

Period: the three months and year ended December 31, 2023
Revenue: $1.2 billion
EPS: $0.31
Result: reported results

Exact text from the filing

provider, today announced results for the fourth quarter of 2023. Peter Quigley, president and chief executive officer, announced revenue for the fourth quarter of 2023 totaled $1.2 billion, a 0.1% decrease, or a 1.3% decrease in constant currency, compared to the corresponding quarter of 2022. Year-over-year revenue trends were impacted by customers’ more guarded

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Source: SEC EDGAR

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