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Friday September 27, 2019
Kelly Services (KELYA)
What’s Next?
Headquartered in Troy, Michigan, Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe. In 2018, Kelly generated $5.5 billion of revenue and adjusted EPS of $2.27.
The Company provides staffing solutions through a branch networks in the Americas and International operations. In addition to staffing solutions, Kelly also provides a suite of innovative talent fulfillment and outcome-based solutions through its GTS segment, which delivers integrated talent management solutions to meet customer needs across the entire spectrum of talent categories. Using talent supply chain strategies, GTS helps customers design, execute, and manage workforce programs that enable them to connect with talent across all work styles (full-time, contract, temporary, etc.), gain access to a vast network of service providers, and achieve their business goals on time and on budget. In 2018, the Americas Staffing segment accounted for 43.8% of total revenue, International Staffing 20.3%, and GTS 36.2%.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Recent Conference. Kelly Services had a conference presentation earlier this week entitled “What’s Next.” And while there weren’t any ground breaking announcements, the conference served as the introduction of new CEO Peter Quigley, who officially assumes the new role October 1st, to the investment community.
- Quigley’s Take. While Kelly’s overall strategic direction will not change, Mr. Quigley is focused on…
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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