Kelly Q2 adj operating earnings up 95% to $28.1M; organic revenue +0.6%

KELLY SERVICES INC

2024-Q2 EPS reported $0.83 revenue$2,102,600,000

Q2 revenue $1.06B, down 13.1% due to sale of European staffing; organic revenue up 0.6%.
Reported operating earnings $12.2M; adjusted $28.1M, up 95% YoY; adjusted EPS $0.71 vs $0.36.
Adjusted EBITDA margin expanded 170 bps to 3.7% on cost initiatives and European exit.
Board declares $0.075/share dividend, payable Sept 4, 2024, record Aug 21.

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