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Kelly Services Reports Third-Quarter Growth

Kelly Services News Release (11/04/15)

Kelly Services reported revenue of $1.35 billion in the third quarter of 2015, down 3.2% (up 3.0% in constant currency) from $1.4 billion in the third quarter of 2014. Net earnings totaled $9.1 million, compared with $1.4 million in the year-ago quarter.

U.S. revenues totaled $899.8 million, up 3.0% from $873.7 million in last year’s third quarter. Revenue totaled $93.1 million for the Asia-Pacific region, down 8.3% (up 9.5% in constant currency) from $101.6 million. By segment, revenues were $171.8 million for outsourcing and consulting services, up 14.7% (up 16.8% in constant currency) from $149.8 million.

President and chief executive officer Carl T. Camden said, “Our third quarter results confirm that Kelly is operating as a more efficient organization, delivering both topline growth and operating leverage. We’re expanding Kelly’s role as a trusted talent adviser to many of the world’s top companies.”