$KELYA (Kelly Services Inc)

$KELYA {{ '2016-05-11T11:54:27+0000' | timeago}} • Announcement

Workforce solutions provider $KELYA $KELYB posted higher 1Q16 results, helped by an improvement related to reinstatement of the Work Opportunity Credit. $KELYA $KELYB said net income more than tripled to $11.2MM, or $0.29 per share from a year ago. Revenue rose 2.19% to $1,349.1MM. Excluding items, the company earned $0.22 per share.

$KELYA {{ '2017-05-11T17:10:41+0000' | timeago}} • Webcast

$KELYA said that on the revenue trajectory throughout 1Q17, it saw improvement in 1Q17 over the trends that the company saw in 3Q16 and 4Q16, both in Americas staffing and in international. However, from a progression perspective, $KELYA continues to see improvement at a slow pace.

$KELYA {{ '2017-05-11T17:08:32+0000' | timeago}} • Webcast

Regarding the gross profit expectation, quarter over quarter, $KELYA stated that it expects 2Q to be slightly below 1Q. However, looking structurally, the company continues to improve.

$KELYA {{ '2017-05-11T12:11:35+0000' | timeago}} • Announcement

On May 10, $KELYA's BoD declared a dividend of $0.075 per share, payable on June 7, 2017 to shareholders of record on May 23, 2017.

$KELYA {{ '2017-05-11T12:09:25+0000' | timeago}} • Announcement

$KELYA reported 8.4% increase in its 1Q17 earnings to $12.1MM, or $0.31 per share, compared to $11.MM, or $0.29 per share during 1Q16. This increase was mainly due to higher operating earnings in each segment. Revenues during the quarter fell 4.4% to $1.3Bil.  Excluding items, $KELYA earned $0.35 per share during 1Q17.

$KELYA {{ '2017-02-16T20:00:02+0000' | timeago}} • Announcement

The BoD of $KELYA $KELYB declared a quarterly dividend of $0.075 per share on its Class A and Class B common stock. The dividend is payable on March 13, 2017 to shareholders of record as of February 27, 2017.

$KELYA {{ '2016-11-09T18:37:12+0000' | timeago}} • Announcement

$KELYA $KELYB said its BoD has declared a quarterly dividend of $0.075 per share on its Class A and Class B common stock. The dividend is payable on Dec. 8, 2016 to shareholders of record on Nov. 23, 2016.

$KELYA {{ '2016-08-10T14:21:01+0000' | timeago}} • Webcast

$KELYA $KELYB said its 2016 annual income tax rate is expected to be in the low-20% range, including the impact of the Work Opportunity Credits. This excludes the impact of the expected material capital gain resulting from the expansion of the TS Kelly Asia Pacific JV.

$KELYA {{ '2016-08-10T14:18:40+0000' | timeago}} • Webcast

$KELYA $KELYB said for the full year 2016, it expects constant currency revenue growth to be up 1.5-2.5%. The company expects the gross profit rate to be up 40-60 BPs on a YoverY basis, with approx. 10 BPs due to the APAC JV formation, overall in total equivalent to a gross profit dollar growth of 4-5%. SG&A expense is expected to be up 1.5-2.5%.

$KELYA {{ '2016-08-10T14:16:00+0000' | timeago}} • Webcast

$KELYA $KELYB said it expects revenue for 3Q16 to be up 1.5-2.5% in constant currency. The company expects the gross profit rate to be up 50-70 BPs YoverY with approx. 20 BPs due to the APAC JV formation, overall equivalent to a total gross profit dollar growth of 3.5-4.5%. SG&A expense is expected to be up only 1.0-1.5% in 3Q16.

$KELYA {{ '2016-08-10T14:08:08+0000' | timeago}} • Webcast

$KELYA $KELYB said EMEA had year-over-year revenue growth of 3% in 2Q16 compared to 2Q15. Commercial revenue was up 3% and PT revenue was up 2%, both coming from growth in the majority of markets. The growth was partially offset by lower volumes in Russia, the Nordics and the UK. Fee-based income was up 12% year-over-year.

$KELYA {{ '2016-08-10T14:01:01+0000' | timeago}} • Webcast

$KELYA $KELYB said the Americas delivered $26MM of operating profit, including restructuring charges, in 2Q16. Excluding restructuring, the region delivered $29MM of operating profit, a 12% increase over a year ago and strong leverage of more than 100% for the quarter.

$KELYA {{ '2016-08-10T13:56:30+0000' | timeago}} • Webcast

$KELYA $KELYB confirmed that as of July 4, 2016, it has completed the APAC joint venture, forming TS Kelly Asia Pacific, one of the largest workforce solutions companies in Asia. The company said it is pleased with this JV and its ongoing growth plans for KellyOCG, which remains wholly owned in the region.

$KELYA {{ '2016-08-10T11:52:44+0000' | timeago}} • Announcement

$KELYA $KELYB said that on Aug. 9, 2016 its BoD declared a dividend of $0.075 per share. The dividend is payable Sept. 2, 2016 to shareholders of record as of the close of business on Aug. 23, 2016.

$KELYA {{ '2016-08-10T11:51:18+0000' | timeago}} • Announcement

$KELYA $KELYB reported higher earnings in 2Q16, helped by lower income tax expense compared to 2Q15. Net earnings were $8.9MM or $0.23 per diluted share compared to $6.8MM or $0.18 per diluted share last year. Total revenue declined 0.7% from last year to $1.38Bil. Adjusted EPS in the quarter was $0.29.

$KELYA {{ '2016-05-11T13:45:14+0000' | timeago}} • Webcast

John Healy of Northcoast Research probes on the FX drag in 2Q16 and the year, if it's more of like a point or two. $KELYA $KELYB said it's about a 200-250 BP impact. The main driver is more like Latin America, little bit EMEA, but more of APAC. Something around 200-250 BP is what the company could expect for the remaining of the year.

$KELYA {{ '2016-05-11T13:39:16+0000' | timeago}} • Webcast

John Healy of Northcoast Research asks about the company's view of North American market from a employment standpoint. $KELYA $KELYB said it continues to see high activity around MSP services and OCG, RPL and the likes. The smaller customer base is pretty healthy right now and the demand is steady.

$KELYA {{ '2016-05-11T13:30:57+0000' | timeago}} • Webcast

For 1Q16, in OCG, $KELYA $KELYB said gross profit rose by 20%, while expenses were up 14% YoverY, due mainly to performance based compensation & servicing cost associated with the expansion of existing customer programs. For the company, cash totaled $46MM compared to $42MM at year-end 2015. Debt at 1Q16-end was $39MM, down $41MM from a year ago.

$KELYA {{ '2016-05-11T13:21:40+0000' | timeago}} • Webcast

Troy, Michigan-based global workforce solutions provider $KELYA $KELYB said that Americas segment expenses for 1Q16 were up 4% YoverY, while delivering $27MM of operating profit. EMEA's operating profit was $2MM compared to a loss of $200,000 a year ago. In APAC, the company said it will continue to invest in OCG's capabilities.

$KELYA {{ '2016-05-11T11:58:44+0000' | timeago}} • Announcement

$KELYA $KELYB said its Americas segment revenue from services for 1Q16 grew 1.3% to $885.7MM from $874.2MM a year ago. EMEA revenue fell marginally by 0.7% to $217.1MM from $218.6MM in 1Q15. APAC revenue from services fell 4.4% to $91.9MM, while OGC rose 12.5% to $168.2MM.

$KELYA {{ '2016-05-11T11:54:27+0000' | timeago}} • Announcement

Workforce solutions provider $KELYA $KELYB posted higher 1Q16 results, helped by an improvement related to reinstatement of the Work Opportunity Credit. $KELYA $KELYB said net income more than tripled to $11.2MM, or $0.29 per share from a year ago. Revenue rose 2.19% to $1,349.1MM. Excluding items, the company earned $0.22 per share.

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