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Kelly Services Reports Fourth Quarter and Full-Year 2013 Results

Kelly Services News Release (01/30/14)

Kelly Services Inc. reported revenues of $1.39 billion in the fourth quarter of 2013, up 0.8% from $1.38 billion in the fourth quarter of 2012, and $5.41 billion for all of 2013, down 0.7% from $5.45 billion in 2012. The company’s net earnings totaled $17.2 million in the fourth quarter, up 93.7% from $8.9 million, and $58.9 million for the year, up 17.6% from $50.1 million.

Revenues for the U.S. totaled $872.6 million in the fourth quarter, down 0.6% from $877.9 million last year, and $3.42 billion for the year, down 1.3% from $3.46 billion in 2012.

By segment, revenues totaled $140.1 million for outsourcing and consulting services, up 23.6% from $113.3 million. For all of 2013, revenues totaled $475.9 million for outsourcing and consulting services, up 20.2% from $396.1 million.