Kelly Services News Release (01/31/13)
Kelly Services Inc. today reported net earnings of $8.9 million for the fourth quarter of 2012, compared with $24.1 million reported for the same period in 2011. Net earnings for the full year of 2012 totaled $50.1 million, down 13.6% from the prior year.
Earnings from operations for the fourth quarter of 2012 totaled $9.8 million, compared with $12.7 million reported for the fourth quarter of 2011—a 2.9% decline. U.S. revenues were $877.9 million in the quarter.
Earnings from operations for the full year of 2012 totaled $72.3 million, a 14.6% increase from the $57.7 million reported in 2011. U.S. revenues were $3.4 billion in 2012.
From Gibraltar: Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.