Kelly Services Inc (NAS:KELYB)

Q1 2025 Kelly Services Inc Earnings Call Transcript

May 8, 2025 / 01:00 PM GMT

Release Date Price: $11.32

Transcript 10-Q8-K

Key Points

Positve

Kelly Services Inc (KELYA) delivered organic revenue growth in line with expectations, outperforming the market.
The education business remained strong, maintaining excellent fill rates and capturing new customer wins.
Higher margin outcome-based solutions saw robust demand, particularly in the semiconductor and renewable sectors.
The company implemented targeted actions to improve cost structure, contributing to expected EBITDA margin expansion.
Integration of Motion Recruitment Partners (MRP) is expected to create synergies and enhance operational efficiency.

Negative

There was a negative impact on revenue due to reduced demand for federal contractors, affecting the SET and ETM segments.
The company faced ongoing integration charges related to IT and severance, impacting financial results.
The macroeconomic environment is causing some clients to take a cautious approach, potentially tempering staffing market demand.
Adjusted earnings per share declined compared to the prior year, primarily due to debt from the MRP acquisition.
There is some pricing pressure in the professional and industrial space, with clients seeking cost savings.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KELYA.OQ - Kelly Services Inc
Q1 2025 Kelly Services Inc Earnings Call
May 08, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Kelly Services first quarter 2025 earnings conference call. All parties will be on listen-only until the question and answer portion of the presentation.

Today's call is being recorded at the request of Kelly Services. If anyone has any objections, you may disconnect at this time. I would now like to turn the meeting over to your host, Mr. Scott Thomas, Kelly's head of investor relations. Please go ahead.

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Unidentified_2 [2]
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Good morning and welcome to Kelly's first quarter conference call. With me today are Kelly's

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