kelly services inc -a (KELYA) Key Developments
Kelly Services Elects Hirotoshi Takahashi to the Board Effective August 1, 2015
Jul 2 15
The board of directors of Kelly Services elected Hirotoshi Takahashi to the company's board effective August 1, 2015. Mr. Takahashi is Executive Vice President of Temp Holdings, and President and Chief Executive Officer of Intelligence Ltd. He fills the board vacancy left by the retirement of Toshio Saburi, executive director, Temp Holdings in 2014. With his addition, the Kelly Services board has 11 members. He is also vice president of the Japan Association of HR Services Industry, an organization established for promotion and publication of Human Resource-related policies to the government and corporations in Japan.
Kelly Services, Inc. Appoints Karen Colfer as VP, Country General Manager U.K. and Ireland
Jun 8 15
Kelly Services, Inc. announced that Karen Colfer has been promoted to Vice President and Country General Manager of the company's operations in the United Kingdom and Ireland. Colfer is relocating back to England from Australia where she managed Kelly's operations in Australia and New Zealand for the last five years as Managing Director and Country General Manager. Colfer has more than 20 years of staffing industry experience in the UK, Australia and New Zealand. Prior to joining the company, Colfer held various executive leadership roles with Hudson.
Kelly Services, Inc. Presents at Bank of America 2015 Services One-on-One Conference, May-13-2015
May 7 15
Kelly Services, Inc. Presents at Bank of America 2015 Services One-on-One Conference, May-13-2015 . Venue: Bank of America Tower at One Bryant Park, New York, New York, United States. Speakers: George S. Corona, Chief Operating Officer and Executive Vice President, James M. Polehna, Vice President of Investor Relations & Corporate Communications and Corporate Secretary, Olivier G. Thirot, Acting Chief Financial Officer and Senior Vice President.
Kelly Services, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Second Quarter of 2015
May 6 15
Kelly Services, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue from services of $1,320.6 million compared to $1,330.8 million a year ago. Earnings from operations were $12.1 million compared to $6.3 million a year ago. These results reflect strong operating leverage as almost 3 quarters of GP growth dropped to the bottom line. Earnings before taxes were $9.6 million compared to $4.6 million a year ago. Net earnings were $3.7 million or $0.10 per basic and diluted share compared to $1.2 million or $0.07 per basic and diluted share a year ago. Net cash used in from operating activities was $16.4 million against $90.8 million a year ago. The change was primarily due to lower growth in trade accounts receivable. Capital expenditures were $2.6 million against $3.3 million a year ago. At the end of the first quarter, debt stood at $81 million.
For the year 2015, the company expects constant currency revenue to be up 5% to 6%, slightly lower than its previous guidance and reflecting the current growth trend in its large centralized accounts. The company expects the gross profit rate to be up year-over-year reflecting its continued pricing discipline and a favorable business mix. The company's 2015 annual income tax rate is expected to be in the low 14% range, excluding work opportunity credit. If work opportunity credit are reinstated, annual tax rate is expected to be in the 20 percentage points lower.
For the second quarter, the company expects constant currency revenue to be up 4% to 5% on a year-over-year basis, this is on par with first quarter growth. The company expects its gross profit rate to be up on a year-over-year basis and nearly flat on a sequential basis.
Kelly Services, Inc. Declares Dividend for the First Quarter Ended March 29, 2015, Payable on June 2, 2015
May 6 15
Kelly Services, Inc. reported that on May 5, its board of directors declared a dividend of $0.05 per share for the first quarter ended March 29, 2015. The dividend is payable on June 2, 2015 to shareholders of record as of the close of business on May 18, 2015.