Kelly Services Reports Q4 Growth, Projects 10% Revenue Increase

Kelly Services reported a mixed financial performance for Q4, with adjusted earnings of $0.82 per share surpassing analyst expectations but a net loss of $31.8 million compared to a profit in the previous year. The company's revenue dropped to $1.19 billion, down from $1.23 billion year-over-year, impacted by the sale of its European operations. Despite these challenges, the Education segment achieved a notable 12% revenue growth, and the company expects a 10% revenue rise in the first half of 2025, aided by the acquisition of Motion Recruitment Partners. The earnings call highlighted strategic initiatives, including the acquisition of the Children's Therapy Center and divesting from non-core markets. CEO Peter Quigley announced his impending departure, adding uncertainty to the company's future leadership. Overall, while facing industry headwinds, Kelly Services is focusing on higher-margin specialties primarily in North America.