Kelly Services Q4 revenue $1.2B, organic +4.4%; CEO Quigley to retire by end of 2025

KELLY SERVICES INC

2024-FY EPS reported -$0.02 revenue$4,331,800,000

Q4 GAAP operating loss $56.7M on $80.8M impairment; adjusted operating income $29.2M, up 32% YoY.
Q4 adjusted EBITDA $43.5M (+34% YoY), margin 3.7% (+110bps); FY adjusted EBITDA $143.5M (+31%), margin 3.3% (+100bps).
Full-year revenue $4.3B (-10.4% reported); organic +0.5%; MRP acquisition contributed 5.9%.
CEO Peter Quigley plans to retire in 2025 upon appointment of successor; board initiating search.
Company expects organic revenue growth and adjusted EBITDA margin expansion in FY2025.

item 2.02 item 5.02 item 9.01

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Departed

Peter Quigley

President and Chief Executive Officer

KELYA · KELLY SERVICES INC

Filed: February 13, 2025, 6:59 PM ET

On February 12, 2025, Peter Quigley, the President and Chief Executive Officer of Kelly Services, Inc. (the “Company”), informed the Company's Board of Directors of his intention to retire as an officer in 2025 upon appointment of his successor.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Peter Quigley departed as President and Chief Executive Officer at KELLY SERVICES INC.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On February 12, 2025, Peter Quigley, the President and Chief Executive Officer of Kelly Services, Inc. (the “Company”), informed the Company's Board of Directors of his intention to retire as an officer in 2025 upon appointment of his successor.

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KELLY SERVICES INC filing history →

Source: SEC EDGAR

accession 0000055135-25-000004

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