secwatch.observer — SEC 8-K summary
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Issuer:     KELLY SERVICES INC (KELYA)
CIK:        0000055135
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0000055135-26-000114
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kelly Services Q1 revenue $1.0B, down 10.7% YoY; operating loss $5.1M; sees H2 growth
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- Revenue $1.0B, down 10.7% YoY; underlying revenue (ex-discrete items) down ~3.3%, improved 60 bps from Q4 2025.
- Operating loss $5.1M vs income $10.8M in Q1 2025; adjusted operating earnings $4.1M.
- Adjusted EBITDA $15.8M, margin 1.5%, down 150 bps YoY; third consecutive quarter of ~10%+ SG&A reduction.
- EPS loss $0.17 vs EPS $0.16 prior year; adjusted EPS $0.03 vs $0.39.
- Affirms expectation of improved YoY performance each quarter in 2026, return to organic revenue growth and margin expansion in H2 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55135/000005513526000114/0000055135-26-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55135/000005513526000114/kelya-20260507.htm
  HTML page:      https://secwatch.observer/filing/0000055135-26-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer