KELLY SERVICES, INC. (NASDAQ:KELYA) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition
KELLY SERVICES, INC. (NASDAQ:KELYA) Files An 8-K Results of Operations and Financial Condition
>>>>>>Kelly Services, Inc. (the “Company”) today filed its annual report on Form 10-K for the year ended January 1, 2017. The Company has updated materials previously filed on Form 8-K on February 2, 2017 to conform to the Form 10-K information. We are updating this information because subsequent to February 2, 2017, the Company recorded an adjustment related to the Outsourcing and Consulting Group (“OCG”) segment selling, general and administrative (“SG&A”) expenses for certain aged accounts receivable at its subsidiary in Germany. The effect of the update was to decrease net earnings by $1.8 million during the fourth quarter of 2016.
A copy of the updated financial information is attached as exhibits 99.1 and 99.2 herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Revised financial information for year end January 1, 2017.
99.2 Revised presentation materials for year end January 1, 2017.
About KELLY SERVICES, INC. (NASDAQ:KELYA)
Kelly Services, Inc. is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG). Its Americas Commercial segment’s specialties include Office, Contact Center, Education, Electronic Assembly and Light Industrial. Its EMEA Commercial segment provides a range of staffing services, including Office, Contact Center and its temporary-to-hire service. Its EMEA PT segment provides services for Engineering, Finance and Accounting, Healthcare, Information Technology (IT) and Science. Its OCG segment delivers talent management solutions across multiple regions, skill sets and a spectrum of talent categories. KELLY SERVICES, INC. (NASDAQ:KELYA) Recent Trading Information
KELLY SERVICES, INC. (NASDAQ:KELYA) closed its last trading session up +0.06 at 21.99 with 100,717 shares trading hands.
Kelly Services, Inc. is a workforce solutions provider. The Company provides workforce solutions in over three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). It operates in seven segments: Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), APAC Commercial, APAC Professional and Technical (APAC PT), and Outsourcing and Consulting Group (OCG). Its Americas Commercial segment’s specialties include Office, Contact Center, Education, Electronic Assembly and Light Industrial. Its EMEA Commercial segment provides a range of staffing services, including Office, Contact Center and its temporary-to-hire service. Its EMEA PT segment provides services for Engineering, Finance and Accounting, Healthcare, Information Technology (IT) and Science. Its OCG segment delivers talent management solutions across multiple regions, skill sets and a spectrum of talent categories. KELLY SERVICES, INC. (NASDAQ:KELYA) Recent Trading Information
KELLY SERVICES, INC. (NASDAQ:KELYA) closed its last trading session up +0.06 at 21.99 with 100,717 shares trading hands.
