secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000055135-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513524000004/0000055135-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513524000004/kelya-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000055135-24-000004

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