secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000055135-25-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kelly Services Q3 revenue down 9.9% to $935M; operating loss of $102M on $102M goodwill impairment
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- Q3 revenue $935.0M, down 9.9% YoY; underlying revenue down ~2% excluding discrete gov't & customer impacts.
- Operating loss of $102.1M includes $102.0M non-cash goodwill impairment in SET segment.
- Adjusted EPS $0.18 vs $0.21 YoY; adjusted EBITDA margin fell 70 bps to 1.8%.
- Income tax expense $46.4M includes $69.7M valuation allowance on work opportunity credit carryforwards.
- CEO cites sluggish labor market; co. plans active Class A share repurchases in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513525000079/0000055135-25-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513525000079/kelya-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000055135-25-000079

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