Kelly Services IncKELYA
What Kelly Services Inc does.
William Russell Kelly pioneered the staffing industry when he founded Kelly ® in 1946 and we’ve been reinventing it ever since. Our inception helped usher in and embolden a workforce of women who kept the economy moving forward during World War II, opening doors and creating completely new opportunities. Over the next 79 years, as work evolved, Kelly continued to equip people with the skills to master new technologies as they emerged and the opportunity to put them to work in ways that enriched their lives.
As the world of work has evolved, so have our offerings to reflect the changing needs of employers and talent. In 1996, Kelly established the industry’s first Managed Service Provider (“MSP”) program. Three years later, the Company launched specialized offerings in engineering, information technology and education. After successfully establishing industry-leading positions in each of these attractive markets, Kelly initiated a strategic plan to drive greater value creation by refocusing its portfolio on specialties. In 2020, Kelly launched a new operating model comprising five specialty business units: Kelly Professional & Industrial (“P&I”); Kelly Science, Engineering & Technology (“SET”); Kelly Education; KellyOCG (“Outsourcing & Consulting” or “OCG”); and Kelly International.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $4.9B | $5.0B | $4.8B | $4.3B | $4.3B |
| Net income | -$72.0M | $156.1M | -$62.5M | $36.4M | -$600,000 | -$254.1M |
| Free cash flow | $170.5M | $73.8M | -$88.3M | $61.4M | $15.8M | $114.1M |
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Figures from Kelly Services Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.