Connecting to LinkedIn...

Blank

Kelly Services(R) Reports 2nd Quarter 2011 Results and Announces Dividend

Kelly Services(R) Reports 2nd Quarter 2011 Results and Announces Dividend

Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB), a leader in providing workforce solutions, today announced results for the second quarter.

Carl T. Camden, President and Chief Executive Officer, announced revenue for the second quarter of 2011 totaled $1.4 billion, a 16% increase compared to the corresponding quarter in 2010.

Earnings from operations for the second quarter of 2011 totaled $21 million, compared to earnings from operations of $8 million reported for the second quarter of 2010.

Diluted earnings per share from continuing operations in the second quarter of 2011 were $0.53 compared to second quarter 2010 earnings of $0.11 per share.

Commenting on the second quarter results, Camden said, "We are pleased that Kelly&reg completed a very strong second quarter, despite the slow moving recovery. Solid revenue growth coupled with our ability to effectively leverage a leaner cost structure resulted in improved earnings." Camden added that Kelly will continue to focus on maximizing profits across all business lines by adhering to its disciplined operational management.

"A concentration on specialized outsourcing services is also expected to contribute to profits going forward," Camden said.

"Today's changing labor markets demand new approaches. We are creating custom workforce solutions for customers through our outsourcing and consulting services, and targeting other higher-margin staffing business such as Professional & Technical."

Kelly also reported that on August 9, its board of directors declared a dividend of $0.05 per share. The dividend is payable on September 12, 2011 to shareholders of record as of the close of business on August 31, 2011.

Tags:

Articles similar to

Articles similar to