Kelly Services, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 12:38 pm
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Kelly Services, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net income was USD 11.4 million compared to net loss of USD 0.9 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the full year, net income was USD 36.4 million compared to net loss of USD 62.5 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to basic loss per share from continuing operations of USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to diluted loss per share from continuing operations of USD 1.64 a year ago.
Kelly Services, Inc. is a specialty talent and workforce solutions provider operating throughout the world. It operates through four segments: Professional & Industrial (P&I); Science, Engineering & Technology (SET); Education, and Outsourcing & Consulting Group (OCG). P&I segment delivers staffing, outcome-based and permanent placement services, providing administrative, accounting and finance, light industrial and contact center staffing and other workforce solutions in the United States and Canada. SET segment delivers staffing, outcome-based and permanent placement services focused on science and clinical research, engineering, technology and telecommunications specialties. Education segment delivers education and therapy services talent through staffing, permanent placement and executive search services to Pre-K-12 school districts and education organizations. OCG segment delivers talent solutions including managed service provider (MSP) and recruitment process outsourcing (RPO).