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Kelly Services Reports Second-Quarter 2015 Results

Kelly Services News Release (08/05/15)

Kelly Services Inc. reported revenue of $1.39 billion in the second quarter of 2015, down 1.8% (up 3.9% in constant currency) from $1.41 billion in the second quarter of 2014. Net earnings totaled $6.8 million, up from $2.8 million in the year-ago quarter. Included in the results of operations in the second quarter of 2014 are restructuring charges of $1.8 million. U.S. revenues were $924 million, an increase of 4% over 2014.

“I’m pleased to report that Kelly once again delivered strong operating leverage and improved returns,” said Carl T. Camden, president and chief executive officer. “On a constant currency basis, we grew second quarter revenue and held our expenses relatively flat, dropping more than half of our gross profit growth to the bottom line.”