Kelly Services, Inc. (KELYB) Bundle
A Brief History of Kelly Services, Inc. (KELYB)
Company Overview
Kelly Services, Inc. is a global workforce solutions provider headquartered in Troy, Michigan. Founded in 1946, the company operates in multiple countries and provides staffing and recruitment services.
Financial Performance
| Fiscal Year | Revenue | Net Income | Employees |
|---|---|---|---|
| 2023 | $4.9 billion | $128.4 million | 440,000 |
Stock Information
Ticker Symbol: KELYB
- Market Cap: $573.6 million
- Stock Price (as of January 2024): $22.45
- Dividend Yield: 2.3%
Global Presence
| Region | Countries Operated | Percentage of Revenue |
|---|---|---|
| North America | United States, Canada | 73% |
| Europe | United Kingdom, Germany, Netherlands | 22% |
| Asia Pacific | Australia, Singapore | 5% |
Service Sectors
- Information Technology
- Engineering
- Finance and Accounting
- Healthcare
- Science
Key Business Metrics
Annual Placements: 480,000 professionals
Client Base: Over 9,000 corporate customers
Who Owns Kelly Services, Inc. (KELYB)
Major Shareholders
| Dimensional Fund Advisors LP | 8.95% ownership |
| BlackRock Inc. | 7.64% ownership |
| Renaissance Technologies LLC | 5.72% ownership |
| Vanguard Group Inc. | 5.14% ownership |
Insider Ownership
As of the latest filing, the following insiders own significant stakes:
- Peter Hylton (President & CEO): 0.62% ownership
- William Stredwick (CFO): 0.21% ownership
Institutional Ownership
Total institutional ownership: 52.3% of outstanding shares
Public Traded Details
- Stock Symbol: KELYB
- Exchange: NASDAQ
- Share Class: Class B Common Stock
Ownership Concentration
Top 10 institutional investors control approximately 37.8% of total shares
Kelly Services, Inc. (KELYB) Mission Statement
Company Overview
Kelly Services, Inc. is a global workforce solutions provider headquartered in Troy, Michigan. As of 2024, the company operates in multiple countries and provides staffing and recruitment services across various industries.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.1 billion |
| Net Income | $96.2 million |
| Market Capitalization | $621.4 million |
Mission Statement Components
- Workforce Solutions: Provide comprehensive talent acquisition and management services
- Global Reach: Serve clients across multiple industries and geographic regions
- Talent Development: Support professional growth and career opportunities
Service Offerings
| Service Category | Description |
|---|---|
| Temporary Staffing | Short-term workforce placement |
| Direct Hire | Permanent recruitment services |
| Outsourcing | Comprehensive workforce management |
Geographic Presence
- United States: Primary market
- Canada: Significant operational presence
- Europe: Multiple country operations
- Asia Pacific: Growing market segment
Key Performance Indicators
| Metric | 2023 Value |
|---|---|
| Total Employees Placed | 490,000 |
| Client Satisfaction Rate | 88% |
| Average Assignment Duration | 12 weeks |
How Kelly Services, Inc. (KELYB) Works
Company Overview
Kelly Services, Inc. is a global workforce solutions provider headquartered in Troy, Michigan. As of 2024, the company operates in multiple countries and provides staffing and recruiting services.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $5.1 billion |
| Net Income | $94.6 million |
| Market Capitalization | $636.2 million |
Service Segments
- Professional & Industrial Staffing
- Science & Technology Staffing
- Education Staffing
- Government Solutions
Operational Metrics
| Operational Indicator | 2023 Data |
|---|---|
| Total Employees Placed | 480,000 |
| Number of Client Companies | 9,200 |
| Global Operational Locations | 42 countries |
Revenue Distribution
| Service Category | Percentage of Revenue |
|---|---|
| Professional Staffing | 42% |
| Industrial Staffing | 35% |
| Science & Technology | 18% |
| Other Services | 5% |
Stock Performance
Kelly Services, Inc. (KELYB) trades on the NASDAQ. As of 2024, the stock price ranges between $14-$18 per share.
Key Competitive Advantages
- Diverse Talent Pool
- Global Operational Reach
- Technology-Enabled Recruitment
- Specialized Industry Expertise
How Kelly Services, Inc. (KELYB) Makes Money
Revenue Streams
Kelly Services generates revenue through multiple staffing and workforce solutions segments:
- Professional & Industrial Staffing Services
- Science, Technology, Engineering, and Mathematics (STEM) Staffing
- Global Talent Solutions
- Outsourcing and Consulting Services
Financial Performance
| Financial Metric | 2022 Amount | 2023 Amount |
|---|---|---|
| Total Revenue | $2.25 billion | $2.31 billion |
| Net Income | $53.4 million | $58.7 million |
| Gross Margin | 27.3% | 28.1% |
Staffing Segment Breakdown
| Segment | 2023 Revenue Contribution |
|---|---|
| Professional & Industrial | 62.5% |
| STEM Staffing | 22.3% |
| Global Talent Solutions | 15.2% |
Key Revenue Generating Services
- Temporary Staffing Placements
- Direct Hire Recruitment
- Workforce Management Consulting
- Outsourced Business Process Solutions
Geographic Revenue Distribution
| Region | 2023 Revenue Percentage |
|---|---|
| United States | 68.4% |
| Europe | 24.6% |
| Asia Pacific | 7% |
Client Sectors
Primary Industries Served:
- Information Technology
- Healthcare
- Manufacturing
- Financial Services
- Government and Education
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