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Kelly Services Reports Fourth-Quarter and Full-Year 2014 Results

Kelly Services News Release (01/29/15)

Kelly Services Inc. reported revenues of $1.4 billion in the fourth quarter of 2014, up 3% (6% in constant currency) from $1.38 billion in the fourth quarter of 2013. Net earnings totaled $17 million, down 0.2% from $17.2 million in the year-ago quarter. The company reported revenues of $5.6 billion for all of 2014, up 3% (4% in constant currency) from $5.4 billion in 2013. Net earnings for the year totaled $23.7 million, down 59.8% from $58.9 million in 2013. Included in the 2014 results from operations are restructuring charges of $12.0 million.

Revenue for the Americas totaled $927.4 million in the fourth quarter, up 5.9% (6.7% in constant currency) from $875.6 million in the 2013 fourth quarter. For all of 2014, revenue for the Americas rose 1.5% (2.2% in constant currency) to $3.6 billion from $3.5 billion in 2013.