KELLY SERVICES INC

Kelly Services Inc. has appointed Alan Stukalsky as its new chief product and technology officer, effective July 13. Stukalsky will be responsible for the company's product strategy, technology capabilities, and digital innovation, reporting directly to CEO Chris Layden. This strategic hire underscores Kelly's commitment to leveraging AI and technology to enhance its workforce solutions, with Stukalsky bringing over 25 years of relevant experience from companies like LHH and Randstad.

Kelly Services announced its participation in three upcoming investor conferences in June 2026. Management is scheduled to present and hold one-on-one meetings with investors at the Baird 2026 Global Consumer, Technology & Services Conference and the East Coast IDEAS Conference, both in New York. Additionally, the company will engage in one-on-one meetings at the Sidoti Small-Cap Virtual Conference. The investor presentation is accessible on Kelly's website.

KellyOCG, Kelly Services' outsourcing and consulting business, secured the top position on HRO Today's 2026 Baker's Dozen Customer Satisfaction Ratings for Managed Service Providers (MSP) in Contingent Labor. The company also ranked No. 1 in Quality of Service, No. 2 in Breadth of Service, and No. 3 in Size of Deal, reflecting strong client satisfaction. This recognition highlights KellyOCG's innovative integrated enterprise talent management model, powered by its Helix and Sevayo platforms, which provides strategic workforce solutions and leverages AI-driven analytics.

Kelly Services was named No. 2 on Forbes' 2026 lists of America's Best Temporary Staffing and Best Professional Recruiting Firms, based on a survey of 13,800 participants. This recognition highlights Kelly's expertise in solving workforce challenges and connecting talent across specialized sectors. The company is making strategic investments in technology and people as it approaches its 80th anniversary, and was also recognized for its industry-leading scale and other employer awards.

Kelly Services' stockholders approved significant amendments to the company's Amended and Restated Certificate of Incorporation at the Annual Meeting on May 7, 2026. These changes permit stockholder action by written consent, expand the ability to call special meetings, and allow stockholders to fill board vacancies. Conforming changes were also made to the company's Bylaws. Additionally, stockholders elected all 11 director nominees, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as the independent auditor for the 2026 fiscal year.

Kelly Services reported a significant financial downturn in the first quarter of 2026, posting a net loss of $(5.9) million, a sharp contrast to the $5.8 million net profit in the prior year. Revenue from services also declined by 10.7% to $1.04 billion. The company experienced an operating loss and a substantial decrease in cash generated from operating activities, alongside an asset impairment charge and increased long-term debt.

Kelly Services reported first-quarter 2026 revenue of $1.0 billion, a 10.7% decrease year-over-year, with an underlying revenue decline of approximately 3.3%. The company posted an operating loss of $5.1 million and adjusted EBITDA of $15.8 million, down 54.7%. Despite the declines, Kelly affirmed its expectation for improved year-over-year performance in revenue and adjusted EBITDA margin each successive quarter in 2026, anticipating a return to organic revenue growth and margin expansion in the second half. The board also declared a quarterly dividend of $0.075 per share.

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.

Kelly Pediatric Therapy, a division of Kelly Services, announced the recipients of its annual Provider of the Year Award. Dyishia Womack and Amanda Myers were honored for their exceptional clinical skill, compassion, and commitment to students, each receiving a $5,000 bonus and $1,500 for a school donation. Amy Barrall was also recognized as a runner-up, receiving a $1,000 bonus and $500 for a school donation. The awards highlight providers who go above and beyond in their school communities.

Kelly Education announced the recipients of its annual Substitute Educator of the Year Award during National Teacher Appreciation Week. Esther Yardumian-Smyth and Celia Effrig were recognized as national winners, each receiving a $5,000 bonus and a $1,500 donation to a school of their choice. This year also marked the first time the program formally recognized runner-ups, Trina Kohler and Keshaun Henry, who each received a $1,000 bonus and a $500 school donation.