Kelly Services News Release (05/09/12)
Kelly Services Inc. today announced results for the first quarter of 2012. Revenue totaled $1.4 billion, a 1% increase compared with the corresponding quarter in 2011. “We are pleased to report solid quarterly performance in spite of the economic challenges that continue to test the sustainability of this recovery,” says Kelly Services president and chief executive officer Carl T. Camden. “By staying focused on our strategy, we were able to leverage a leaner cost structure, improve our gross profit rate, and increase earnings.” Earnings from continuing operations for the first quarter of 2012 totaled $9.2 million, compared with $1.1 million reported for the first quarter of 2011.