Kelly Enters Agreement to Acquire Specialty Talent Solutions Company Motion Recruitment Partners; Company Says $425M In Cash To Be Paid At Close, With Additional Earnout Potential Of Up To $60M

5/3/24 7:34:42 AM ET

Professional Services

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The Company expects to fund the transaction through debt and available capital, including the rapid redeployment of more than $100 million from the sale of Kelly's European staffing operations in January 2024. The transaction is expected to close in the second quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.

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Date	Price Target	Rating	Analyst
12/7/2022		Buy → Neutral	Northcoast
8/10/2021	$29.00	Neutral → Buy	Northcoast

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KellyOCG Recognized as No. 1 Provider of Total Workforce Solutions
TROY, Mich., Nov. 20, 2024 (GLOBE NEWSWIRE) -- KellyOCG, the outsourcing and consulting group of Kelly (NASDAQ:KELYA, KELYB)), has claimed the No. 1 spot on HRO Today's 2024 Total Workforce Solutions Baker's Dozen Customer Satisfaction Ratings. The list ranks the top suppliers of managed services provider (MSP) and recruitment process outsourcing (RPO) solutions based solely on customer satisfaction surveys. "We're thrilled to be recognized by our clients as the leader in total talent management," KellyOCG President Tammy Browning said. "We have made significant investments in our MSP and RPO offerings, have developed a sophisticated technology platform, and have assembled the best team i
11/20/24 10:01:55 AM ET
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Kelly Enhances Pediatric Therapy Services with Strategic Acquisition of Children's Therapy Center, Bolstering Market Leadership
Kelly's acquisition of Children's Therapy Center (CTC) further expands growth opportunities in the high-margin, high-demand therapeutic services segment.The integration of CTC into Kelly Education's Pediatric Therapy Services will bolster service delivery, offering Minnesota school districts access to comprehensive therapy solutions to address the increasing demand arising from student special education needs.The addition of CTC brings increased scale to the current network of licensed therapists, enabling flexible practice in clinics or schools. TROY, Mich., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, Kelly (Nasdaq: KELYA, KELYB) announced that it has acquired Children's Therapy Center (CTC
11/19/24 1:00:00 PM ET
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Kelly Named Corporation of the Year by National Minority Supplier Development Council
TROY, Mich., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Kelly has been named Corporation of the Year by the National Minority Supplier Development Council (NMSDC). The specialty talent solutions provider was recognized for its exemplary leadership in supplier and business diversity among companies with up to $10 billion in annual revenue. Kelly was recognized alongside Duke Energy, The Walt Disney Company, Centene Corporation, and Stellantis, who were named Corporations of the Year in the $10 billion+ categories. NMSDC evaluated companies on their supplier diversity program structure, minority business development efforts, diversity spend growth, and NMSDC engagement. "We are thrilled to recogniz
11/15/24 10:33:54 AM ET
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Kelly Reports Third-Quarter 2024 Earnings
Following the sale of European staffing operations, Q3 revenue down 7.1% year-over-year; nearly flat on an organic basis Q3 operating earnings of $2.6 million; $11.7 million on an adjusted basis, down 24.5%Q3 adjusted EBITDA margin increased 20 basis points to 2.5%Company expects sale of European staffing operations, acquisition of Motion Recruitment Partners, LLC ("MRP"), ongoing transformation actions to contribute to continued year-over-year EBITDA margin expansion in Q4 2024 TROY, Mich., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Kelly (NASDAQ:KELYA, KELYB)), a leading specialty talent solutions provider, today announced results for the third quarter of 2024. Peter Quigley, president and chie
11/7/24 7:30:00 AM ET
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Kelly Announces Third-Quarter 2024 Conference Call
TROY, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kelly, a leading global specialty talent solutions provider, will release its third-quarter earnings before the market opens on Thursday, November 7, 2024. In conjunction with its third-quarter earnings release, Kelly will publish a financial presentation on the Investor Relations page of its public website and will host a conference call at 9 a.m. ET. The call may be accessed in one of the following ways: Via the internet:kellyservices.com Via the telephone:(877) 692-8955 (toll free) or (234) 720-6979 (caller paid)Enter access code 5728672After the prompt, please enter "#" A recording of the conference call will be available after 1:30 p.
10/24/24 7:30:00 AM ET
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KellyOCG Named MSP and Services Procurement Leader by Everest Group
TROY, Mich., Oct. 08, 2024 (GLOBE NEWSWIRE) -- KellyOCG®, the outsourcing and consulting group of Kelly, has been named a Leader on Everest Group's 2024 PEAK Matrix® assessments for both Contingent Workforce Management (CWM) / Managed Service Provider (MSP) and Services Procurement. The workforce solutions provider was also recognized as a Star Performer in the MSP category. The PEAK Matrix provides an objective, data-driven assessment of US contingent workforce providers based on their market impact, vision, and capability. Providers are assessed in seven categories: market adoption, portfolio mix, value delivered, scope of services, innovation and investments, delivery footprint, and vi
10/8/24 7:30:00 AM ET
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Kelly Announces Chief Financial Officer Transition
TROY, Mich., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kelly (NASDAQ:KELYA, KELYB))), a leading global specialty talent solutions provider, today announced that Troy R. Anderson has been named executive vice president and chief financial officer designate, effective October 14, 2024. Following an orderly transition of responsibilities, Anderson will succeed Olivier Thirot, executive vice president and chief financial officer, who on July 8, 2024, informed Kelly of his intention to retire as an officer of the Company. Upon completion of the transition, Thirot will serve as a strategic advisor to the Company. "I am pleased to welcome Troy to Kelly as the Company's next chief financial officer. His
9/12/24 7:30:00 AM ET
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Horizon Bank Announces the retirement of Daniel Hopp and Appointment of Vanessa Williams as New Director
MICHIGAN CITY, Ind., Dec. 20, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon") announced today the retirement of Daniel F. Hopp from the Board of Directors (the "Board") and the appointment of Vanessa P. Williams to serve on the Board of Horizon Bancorp, Inc. Mr. Hopp will retire from the Board effective December 31, 2022 after serving for the past 18 years and reaching Horizon's mandatory retirement age. Mr. Hopp began his service to the Board of Directors of Horizon Bank in 2004 and from July 2013 through June 2022 served as Horizon Bancorp's Lead Director. In his tenure, he served on the Board's Compensation and Nominating Committee as well as the Corporate
12/20/22 4:35:00 PM ET
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Horizon Bank Appoints Vanessa Williams as New Independent Director
MICHIGAN CITY, Ind., Jan. 19, 2022 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. ("Horizon" or the "Company") announced today the appointment of Vanessa Williams to serve as an independent director on the Board of its wholly owned subsidiary, Horizon Bank. Williams is Senior Vice President and General Counsel of Kelly Services, Inc. (NASDAQ:KELYA, KELYB))), a leading global workforce solutions company headquartered in Troy, Mich. "We are pleased to have an accomplished public company leader of Vanessa's caliber, based in one of Horizon Bank's most vibrant markets, joining our Board as we execute our strategy for accelerating growth and shareholder value creation," said Chai
1/19/22 10:59:09 AM ET
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Kelly Enters Agreement to Acquire Specialty Talent Solutions Company Motion Recruitment Partners; Company Says $425M In Cash To Be Paid At Close, With Additional Earnout Potential Of Up To $60M

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Recent Analyst Ratings for $KELYA

$KELYA Press Releases

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KellyOCG Recognized as No. 1 Provider of Total Workforce Solutions

Kelly Enhances Pediatric Therapy Services with Strategic Acquisition of Children's Therapy Center, Bolstering Market Leadership

Kelly Named Corporation of the Year by National Minority Supplier Development Council

$KELYA Large Ownership Changes

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SEC Form SC 13G/A filed by Kelly Services, Inc. (Amendment)

SEC Form SC 13G/A filed

SEC Form SC 13G/A filed

$KELYA Financials

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Kelly Reports Third-Quarter 2024 Earnings

Kelly Announces Third-Quarter 2024 Conference Call

KellyOCG Named MSP and Services Procurement Leader by Everest Group

$KELYA Market Insights

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Kelly Divests Ayers Group To Keystone Partners, Refocusing On Global RPO And MSP Solutions

Barrington Research Maintains Outperform on Kelly Services, Maintains $29 Price Target

Barrington Research Maintains Outperform on Kelly Services, Maintains $29 Price Target

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SEC Form 4: Boland Peter M covered exercise/tax liability with 509 shares, decreasing direct ownership by 4% to 11,214 units

SEC Form 4: Larkin Terrence B sold $31,803 worth of shares (1,850 units at $17.19), decreasing direct ownership by 5% to 34,313 units

SEC Form 4: Parfet Donald R bought $247,969 worth of shares (14,000 units at $17.71), increasing direct ownership by 26% to 67,045 units

$KELYA SEC Filings

Kelly Services, Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

SEC Form 10-Q filed by Kelly Services, Inc.

Kelly Services, Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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Kelly Services downgraded by Northcoast

Kelly Services upgraded by Northcoast with a new price target

Kelly Services upgraded by Noble Financial with a new price target

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Kelly Announces Chief Financial Officer Transition

Horizon Bank Announces the retirement of Daniel Hopp and Appointment of Vanessa Williams as New Director

Horizon Bank Appoints Vanessa Williams as New Independent Director

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