Kelly Services(R) Reports 4th Quarter and Full Year 2011 Results

Kelly Services(R) Reports 4th Quarter and Full Year 2011 Results

Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB), a leader in providing workforce solutions, today announced results for the fourth quarter and full year 2011.

Carl T. Camden, President and Chief Executive Officer, announced revenue for the fourth quarter of 2011 totaled $1.4 billion, a 5% increase compared to the corresponding quarter in 2010. Revenue for the full year totaled $5.6 billion, a 12% increase compared to the prior year.

Net earnings for the fourth quarter of 2011 totaled $24.1 million, compared to $14.6 million reported for the fourth quarter of 2010.

Net earnings for the full year of 2011 totaled $63.7 million compared to $26.1 million in 2010.

Diluted earnings per share from continuing operations in the fourth quarter of 2011 were $0.64 compared to $0.39 per share in the fourth quarter 2010.

Diluted earnings per share from continuing operations for the full year of 2011 were $1.72 compared to $0.71 per share in 2010.

Commenting on the fourth quarter and full year results, Camden stated, "Despite unsettled global economic conditions, we're pleased to report a successful quarter and year. Our performance was fueled by a sustained demand for flexible staffing, improvements in the overall job market, and our own drive to achieve operational excellence."

Camdenstressed that Kelly® remains focused on building shareholder value and delivering a competitive profit. "We will concentrate on providing customized solutions and offering a continuum of services through our outsourcing and consultingbusiness, as well as meeting demand for highly skilled professional and technical workers."

Looking ahead to 2012, Camden believes Kelly is in a strong position. "We've created a flexible, efficient business model that should serve us well going forward," he said, adding that the Company is adamant about maintaining its cost-containment plan. "That diligence, along with engaging the best talent in the business, will keep us on track for continued growth."