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Kelly Services Reports 2nd Quarter Results

Kelly Services News Release (08/08/12)

Kelly Services Inc. has reported that revenue for the second quarter of 2012 totaled $1.4 billion, a 3% decrease compared with the corresponding quarter of 2011. Earnings from operations for the second quarter of 2012 totaled $23.8 million, compared with $21.3 million reported for the second quarter of 2011. Revenues from the Americas segment totaled $931 million in the second quarter, compared with $918 million reported for the same period in 2011.

Commenting on the second quarter results, Kelly Services president and chief executive officer Carl T. Camden stated, “Despite tepid economic growth in the U.S. and recessionary conditions across much of Europe, Kelly made positive strides in the second quarter. We increased our gross profit, improved our operating profit, and kept a tight lid on expenses—all while delivering solid, sustained growth in our outsourcing and consulting group and our higher-margin staffing businesses.”