Kelly Services Posts Flat Q3 Revenues

November 5, 2013 – Kelly Services, Inc./(NASDAQ:KELY), a global provider of workforce solutions, reported revenue for the third quarter of 2013 totaled $1.3 billion, a 0.6 percent decrease compared to the corresponding quarter of 2012. The company posted earnings from operations of $20.2 million. Included in the results of operations in the Q3 of 2013 are restructuring charges of $0.5 million. Excluding the restructuring charges, earnings from operations were $20.7 million in the third quarter of 2013, compared to earnings of $24.0 million last year. Diluted earnings per share from continuing operations were $0.49. Carl T. Camden, president and CEO, said: “The Americas delivered a nice turnaround in fee performance and KellyOCG brought in strong revenue growth and outsized operating profits. Overall, our results continue to demonstrate that Kelly’s strategy is responding to market demands for more holistic workforce solutions, access to skilled talent, and workforce models that help companies achieve their short- and long-term business goals.”