Kelly Services-B | 10-Q: FY2025 Q3 Revenue: USD 935 M

Revenue: As of FY2025 Q3, the actual value is USD 935 M.

EPS: As of FY2025 Q3, the actual value is USD -4.26.

EBIT: As of FY2025 Q3, the actual value is USD -100.7 M.

Enterprise Talent Management (ETM)

• Revenue: $487.9 million in Q3 2025, down 13.1% from $561.6 million in Q3 2024.
• Gross Profit: $96.7 million in Q3 2025, down 15.4% from $114.4 million in Q3 2024.
• SG&A Expenses: $87.6 million in Q3 2025, down 9.2% from $96.4 million in Q3 2024.
• Business Unit Profit: $9.1 million in Q3 2025, down 48.9% from $18.0 million in Q3 2024.

Science, Engineering & Technology (SET)

• Revenue: $304.9 million in Q3 2025, down 9.0% from $335.0 million in Q3 2024.
• Gross Profit: $77.2 million in Q3 2025, down 11.8% from $87.6 million in Q3 2024.
• SG&A Expenses: $57.6 million in Q3 2025, down 15.3% from $68.1 million in Q3 2024.
• Business Unit Profit: Loss of $82.4 million in Q3 2025, compared to a profit of $19.5 million in Q3 2024, primarily due to goodwill impairment charges.

Education

• Revenue: $143.3 million in Q3 2025, up 0.9% from $142.1 million in Q3 2024.
• Gross Profit: $20.1 million in Q3 2025, up 2.0% from $19.7 million in Q3 2024.
• SG&A Expenses: $24.5 million in Q3 2025, up 6.3% from $23.0 million in Q3 2024.
• Business Unit Profit: Loss of $4.4 million in Q3 2025, compared to a loss of $3.3 million in Q3 2024.

Future Outlook and Strategy

• Core Business Focus: Kelly Services, Inc. aims to capture growth in resilient markets, focusing on Education and SET segments, and leveraging MRP’s technology stack to enhance service delivery and efficiency.
• Non-Core Business: The company continues to refine its go-to-market strategy with large enterprise customers and modernize its systems within SET.