$KELYB
KELLY SERVICES INC
CIK:0000055135|SEC Filings
Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 28, 2026 |
Mar. 29, 2026 |
Jun. 29, 2025 |
Mar. 30, 2025 |
Jun. 28, 2026 |
Jun. 29, 2025 |
|
| Income Statement [Abstract] | ||||||
| Revenue from services | $ 1,038.2 | $ 1,101.8 | $ 2,078.9 | $ 2,266.7 | ||
| Cost of services | 826.2 | 876.3 | 1,670.5 | 1,804.7 | ||
| Gross profit | 212.0 | 225.5 | 408.4 | 462.0 | ||
| Selling, general and administrative expenses | 195.9 | 207.3 | 395.2 | 433.0 | ||
| Asset impairment charge | 0.0 | 0.0 | 2.2 | 0.0 | ||
| Earnings from operations | 16.1 | 22.2 | 11.0 | 33.0 | ||
| Other income (expense), net | (1.7) | (2.3) | (3.3) | (5.5) | ||
| Earnings before taxes | 14.4 | 19.9 | 7.7 | 27.5 | ||
| Income tax expense | 3.0 | 0.9 | 2.2 | 2.7 | ||
| Net earnings | $ 11.4 | $ (5.9) | $ 19.0 | $ 5.8 | $ 5.5 | $ 24.8 |
| Basic earnings per share (in dollars per share) | $ 0.31 | $ 0.52 | $ 0.15 | $ 0.68 | ||
| Diluted earnings per share (in dollars per share) | $ 0.31 | $ 0.52 | $ 0.15 | $ 0.67 | ||
| Average shares outstanding: | ||||||
| Basic (in shares) | 34.7 | 35.2 | 34.6 | 35.1 | ||
| Diluted (in shares) | 35.2 | 35.7 | 35.1 | 35.6 | ||
Consolidated Balance Sheets (Unaudited) - USD ($) shares in Millions, $ in Millions |
Jun. 28, 2026 |
Dec. 28, 2025 |
|---|---|---|
| Current Assets | ||
| Cash and equivalents | $ 24.2 | $ 33.0 |
| Trade accounts receivable, less allowances of $9.7 and $10.0, respectively | 1,224.6 | 1,188.7 |
| Prepaid expenses and other current assets | 47.7 | 46.6 |
| Total current assets | 1,296.5 | 1,268.3 |
| Noncurrent Assets | ||
| Property and equipment, net | 18.0 | 20.5 |
| Operating lease right-of-use assets | 35.5 | 42.9 |
| Deferred taxes | 164.2 | 163.2 |
| Retirement plan assets | 309.9 | 289.7 |
| Goodwill | 202.1 | 202.1 |
| Intangibles, net | 211.5 | 226.2 |
| Other assets | 43.0 | 37.7 |
| Total noncurrent assets | 984.2 | 982.3 |
| Total Assets | 2,280.7 | 2,250.6 |
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 661.6 | 631.4 |
| Operating lease liabilities | 10.8 | 12.3 |
| Accrued payroll and related taxes | 155.5 | 140.9 |
| Accrued workers' compensation and other claims | 21.0 | 20.9 |
| Income and other taxes | 17.7 | 16.3 |
| Total current liabilities | 866.6 | 821.8 |
| Noncurrent Liabilities | ||
| Long-term debt | 78.1 | 101.9 |
| Operating lease liabilities | 39.8 | 44.9 |
| Accrued workers' compensation and other claims | 34.3 | 34.2 |
| Accrued retirement benefits | 272.7 | 263.7 |
| Other long-term liabilities | 7.2 | 7.6 |
| Total noncurrent liabilities | 432.1 | 452.3 |
| Commitments and Contingencies (see Contingencies footnote) | ||
| Treasury stock, at cost | ||
| Paid-in capital | 35.1 | 36.3 |
| Earnings invested in the business | 965.1 | 965.1 |
| Accumulated other comprehensive income (loss) | (0.9) | 0.3 |
| Total stockholders' equity | 982.0 | 976.5 |
| Total Liabilities and Stockholders' Equity | 2,280.7 | 2,250.6 |
| Class A Common Stock | ||
| Capital stock, $1.00 par value | ||
| Common stock, value | 35.2 | 35.2 |
| Treasury stock, at cost | ||
| Treasury stock, value | $ (55.2) | $ (63.1) |
| Capital stock, par value (in dollars per share) | $ 1.00 | $ 1.00 |
| Common stock, shares authorized (in shares) | 100.0 | 100.0 |
| Common stock, shares issued (in shares) | 35.2 | 35.2 |
| Treasury stock, common stock (in shares) | 3.8 | 4.3 |
| Class B Common Stock | ||
| Capital stock, $1.00 par value | ||
| Common stock, value | $ 3.3 | $ 3.3 |
| Treasury stock, at cost | ||
| Treasury stock, value | $ (0.6) | $ (0.6) |
| Capital stock, par value (in dollars per share) | $ 1.00 | $ 1.00 |
| Common stock, shares authorized (in shares) | 10.0 | 10.0 |
| Common stock, shares issued (in shares) | 3.3 | 3.3 |