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Kelly Services (KELYA)

Kelly Services, Inc. connects talented people to companies in need of their skills in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. Kelly Services is always thinking about what's next in the evolving world of work, and helps people ditch the script on old ways of thinking and embrace the value of all workstyles in the workplace. Kelly Services directly employs nearly 440,000 people around the world, and connects thousands more with work through its global network of talent suppliers and partners in its outsourcing and consulting practice. Revenue in 2019 was $5.4 billion.

Company profile

Ticker
KELYA, KELYB
Exchange
CEO
Peter W. Quigley
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Kelly Services (Canada), Ltd. • Kelly Services, Global, LLC • Kelly Services, USA, LLC • Teachers On Call, Inc. • Global Technology • NextGen Global Resources, LLC • Greenwood/Asher & Associates, LLC • Softworld, Inc. • Kelly Properties, LLC • Kelly Innovation Fund, LLC ...
IRS number
381510762

KELYA stock data

Calendar

12 May 22
9 Aug 22
1 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 238.1M 238.1M 238.1M 238.1M 238.1M 238.1M
Cash burn (monthly) (no burn) 591.67K (no burn) (no burn) 35.37M 2.63M
Cash used (since last report) n/a 2.49M n/a n/a 148.8M 11.08M
Cash remaining n/a 235.61M n/a n/a 89.3M 227.02M
Runway (months of cash) n/a 398.2 n/a n/a 2.5 86.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 22 Darren Simons Class A Common Stock, Par Valule $1 Payment of exercise Dispose F No No 19.82 329 6.52K 18,224
15 Jun 22 Nicola M Soares Class A Common Stock, Par Value $1 Grant Acquire A No No 18.23 10,971 200K 25,516
15 Jun 22 Darren Simons Class A Common Stock, Par Valule $1 Grant Acquire A No No 18.23 10,971 200K 18,553
27 May 22 Adolph Gerald S Class A Common Stock, Par Value $1 Class A Common Stock, Par Value $1 Grant Acquire A Yes No 19.13 5,227.392 100K 29,264.641
27 May 22 Amala Duggirala Class A Common Stock, Par Value $1 Class A Common Stock, Par Value $1 Grant Acquire A Yes No 19.13 522.739 10K 9,387.697
81.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 158 160 -1.3%
Opened positions 21 24 -12.5%
Closed positions 23 18 +27.8%
Increased positions 47 52 -9.6%
Reduced positions 62 48 +29.2%
13F shares Current Prev Q Change
Total value 613.92M 1.16B -47.0%
Total shares 28.32M 27.72M +2.2%
Total puts 29.7K 50.3K -41.0%
Total calls 30.6K 11K +178.2%
Total put/call ratio 1.0 4.6 -78.8%
Largest owners Shares Value Change
BLK Blackrock 6.36M $137.98M -0.3%
Vanguard 3.7M $80.25M -2.4%
Dimensional Fund Advisors 2.7M $58.48M +1.5%
STT State Street 1.38M $29.99M +11.8%
IVZ Invesco 1.25M $27.04M +3.3%
Charles Schwab Investment Management 1.05M $22.87M +165.0%
LSV Asset Management 849.81K $18.43M -4.5%
JPM JPMorgan Chase & Co. 716.99K $15.55M -13.1%
Geode Capital Management 655.72K $14.22M +6.4%
FMR 619.54K $13.44M -24.7%
Largest transactions Shares Bought/sold Change
Charles Schwab Investment Management 1.05M +656.55K +165.0%
River Road Asset Management 446.42K +446.42K NEW
Leeward Investments, LLC - MA 389.78K +389.78K NEW
RY Royal Bank Of Canada 3K -360.41K -99.2%
Norges Bank 0 -308.63K EXIT
FMR 619.54K -203K -24.7%
Pacer Advisors 196.29K +196.29K NEW
STT State Street 1.38M +145.68K +11.8%
Wellington Management 228.48K +138.9K +155.1%
JPM JPMorgan Chase & Co. 716.99K -108.15K -13.1%

Financial report summary

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Management Discussion
  • Revenue from services in the first quarter increased 7.5% on a reported basis and 9.0% on a constant currency basis, and reflects revenue increases in Education, Science, Engineering & Technology, and Outsourcing & Consulting operating segments, partially offset by declines in Professional & Industrial and International segments. Our acquisition of Softworld, a technology staffing and solutions firm in the second quarter of 2021, added approximately 310 basis points to the revenue growth rate. Compared to the first quarter of 2021, revenue from staffing services increased 5.9% and revenue from outcome-based services increased 7.9%. Permanent placement revenue, which is included in revenue from services, increased 66.2% from the prior year.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
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