Quarterly ResultMay 7, 2026, 07:33 AM
Kelly Q1 Revenue $1.0B, Operating Loss $5.1M; Affirms 2026 Outlook
AI Summary
Kelly Services reported first-quarter 2026 revenue of $1.0 billion, a 10.7% decrease year-over-year, resulting in an operating loss of $5.1 million. Adjusted EBITDA was $15.8 million, down 54.7% from the prior year. Despite the declines, the company noted sequential improvement in performance and affirmed its full-year 2026 outlook, expecting improved year-over-year performance each successive quarter and a return to organic revenue growth and adjusted EBITDA margin expansion in the second half of 2026. Additionally, the board declared a quarterly dividend of $0.075 per share.
Key Highlights
- Q1 Revenue: $1.0 billion, a 10.7% decrease year-over-year.
- Q1 Operating Loss: $5.1 million, compared to $10.8 million earnings in Q1 2025.
- Q1 Adjusted EBITDA: $15.8 million, a 54.7% decrease year-over-year.
- Q1 Loss Per Share: $0.17, compared to $0.16 earnings per share in Q1 2025.
- Q1 Adjusted SG&A: Declined 10.3% year-over-year.
- Quarterly Dividend: $0.075 per share declared, payable June 2, 2026.
- Q2 2026 Outlook: Revenue decline of 7% to 9% YoY, with at least 100 bps underlying improvement.
- H2 2026 Outlook: Expects modest YoY revenue growth and adjusted EBITDA margin expansion.