---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-24-000016"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:27:07.858971+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kelly Q1 revenue down 17.6% to $1.05B; adj. earnings $23.1M, adj. EBITDA margin 3.2%; to acquire Motion Recruitment

## Summary
- Revenue $1.05B, down 17.6% YoY (organic -2.6%); operating earnings $26.8M vs $10.7M.
- Adjusted earnings $23.1M (excl. $11.6M gain on sale & $7.9M charges); adjusted EPS $0.56 vs $0.42.
- Adjusted EBITDA margin 3.2%, up 110 bps YoY; driven by cost reductions and European ops sale.
- Definitive agreement to acquire Motion Recruitment Partners, expects Q2 2024 close.
- Dividend $0.075/share declared, payable June 4, 2024 to holders of record May 20.

## SEC filing metadata
- accession: 0000055135-24-000016
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513524000016/0000055135-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513524000016/kelya-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-24-000016
- JSON: https://secwatch.observer/filing/0000055135-24-000016.json
- Plain text: https://secwatch.observer/filing/0000055135-24-000016.txt

## Key facts
- Earnings Releases
  KELLY SERVICES INC reported the first quarter of 2024 results: revenue $1.05 billion, EPS $0.70.
  - Period: the first quarter of 2024
  - Revenue: $1.05 billion
  - EPS: $0.70
  - Result: reported results
  source text: Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the first quarter of 2024. Peter Quigley, president and chief executive officer, announced revenue for the first quarter of 2024 totaled $1.05 billion, a 17.6% decrease, compared to the corresponding quarter of 2023 resulting primarily from the sale of the company’s European staffing operations on January 2, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513524000016/0000055135-24-000016-index.htm

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