Revenue: As of FY2026 Q1, the actual value is USD 1.041 B.EPS: As of FY2026 Q1, the actual value is USD -0.17.EBIT: As of FY2026 Q1, the actual value is USD -3.5 M.<h4>Revenue from Services</h4><ul><li>Consolidated Total Revenue from Services: Consolidated total revenue from services decreased by 10.7% year-over-year, from $1,164.9 million in the first quarter of 2025 to $1,040.7 million in the first quarter of 2026.<ul><li>Enterprise Talent Management (ETM): Revenue decreased by 13.2% to $459.2 million in Q1 2026 from $529.1 million in Q1 2025, primarily due to a 16.9% decrease in staffing services and a 19.8% decrease in outcome-based services, partially offset by a 3.0% increase in talent solutions.<ul><li>Service Type Breakdown (Q1 2026): Staffing Services: $229.3 million; Outcome-based Services: $106.8 million; Talent Solutions: $121.3 million; Permanent Placement: $1.8 million.</li><li>Service Type Breakdown (Q1 2025): Staffing Services: $275.8 million; Outcome-based Services: $133.2 million; Talent Solutions: $117.8 million; Permanent Placement: $2.3 million.</li></ul></li><li>Science, Engineering &amp; Technology (SET): Revenue decreased by 11.6% to $289.2 million in Q1 2026 from $327.3 million in Q1 2025, mainly due to declines in hours volume in staffing specialties, partially offset by an increase in permanent placement fees.<ul><li>Service Type Breakdown (Q1 2026): Staffing Services: $168.6 million; Outcome-based Services: $112.2 million; Permanent Placement: $8.4 million.</li><li>Service Type Breakdown (Q1 2025): Staffing Services: $209.8 million; Outcome-based Services: $109.4 million; Permanent Placement: $8.1 million.</li></ul></li><li>Education: Revenue decreased by 4.8% to $294.1 million in Q1 2026 from $309.0 million in Q1 2025, primarily attributed to delayed contract decisions, weather-related school closures, and reduced demand.<ul><li>Service Type Breakdown (Q1 2026): Staffing Services: $293.4 million; Permanent Placement: $0.7 million.</li><li>Service Type Breakdown (Q1 2025): Staffing Services: $307.9 million; Permanent Placement: $1.1 million.</li></ul></li></ul></li><li>Revenue by Geography (Q1 2026 vs. Q1 2025):<ul><li>Americas: Total revenue was $1,012.9 million in Q1 2026, down from $1,139.9 million in Q1 2025, with United States revenue at $938.6 million in Q1 2026 compared to $1,056.6 million in Q1 2025.</li><li>Europe: Total revenue increased to $12.2 million in Q1 2026 from $9.6 million in Q1 2025.</li><li>Asia-Pacific: Total revenue increased to $15.6 million in Q1 2026 from $15.4 million in Q1 2025.</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Consolidated Gross Profit: Consolidated gross profit decreased by 17.0% to $196.4 million in Q1 2026 from $236.5 million in Q1 2025, with the gross profit rate decreasing by 1.4% to 18.9% due to higher employee-related costs.<ul><li>ETM Gross Profit: Decreased by 20.2% to $85.6 million in Q1 2026 from $107.3 million in Q1 2025, with the gross profit rate decreasing by 1.7% to 18.6%.</li><li>SET Gross Profit: Decreased by 13.5% to $71.8 million in Q1 2026 from $83.0 million in Q1 2025, with the gross profit rate decreasing by 0.6% to 24.8%.</li><li>Education Gross Profit: Decreased by 15.6% to $39.0 million in Q1 2026 from $46.2 million in Q1 2025, with the gross profit rate decreasing by 1.7% to 13.3%.</li></ul></li><li>Consolidated SG&amp;A Expenses (excluding D&amp;A): Decreased by 11.9% to $187.6 million in Q1 2026 from $212.9 million in Q1 2025.<ul><li>ETM SG&amp;A Expenses (excluding D&amp;A): Decreased by 14.0% to $86.9 million in Q1 2026 from $101.0 million in Q1 2025.</li><li>SET SG&amp;A Expenses (excluding D&amp;A): Decreased by 16.6% to $57.6 million in Q1 2026 from $69.1 million in Q1 2025.</li><li>Education SG&amp;A Expenses (excluding D&amp;A): Decreased by 0.7% to $26.7 million in Q1 2026 from $26.9 million in Q1 2025.</li><li>Corporate Expenses: Increased by 3.1% to $16.4 million in Q1 2026 from $15.9 million in Q1 2025.</li></ul></li><li>Consolidated Earnings (loss) from operations: Shifted to a loss of - $5.1 million in Q1 2026 from earnings of $10.8 million in Q1 2025.<ul><li>ETM Business Unit Profit (Loss): Shifted to a loss of - $1.3 million in Q1 2026 from a profit of $6.3 million in Q1 2025.</li><li>SET Business Unit Profit (Loss): Decreased by 13.7% to $12.0 million in Q1 2026 from $13.9 million in Q1 2025.</li><li>Education Business Unit Profit (Loss): Decreased by 36.3% to $12.3 million in Q1 2026 from $19.3 million in Q1 2025.</li></ul></li><li>Net Earnings (Loss): Shifted to a net loss of - $5.9 million in Q1 2026 from net earnings of $5.8 million in Q1 2025.</li><li>Asset Impairment Charge: $2.2 million in Q1 2026.</li><li>Integration, Realignment and Restructuring Charges: $4.7 million in Q1 2026, down from $10.7 million in Q1 2025.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash (used in) from Operating Activities: - $25.4 million in Q1 2026, compared to generating $23.9 million in Q1 2025, primarily due to increased working capital requirements.</li><li>Net Cash (used in) from Investing Activities: - $1.2 million in Q1 2026, compared to generating $3.2 million in Q1 2025, with Q1 2026 usage driven by $1.1 million in capital expenditures.</li><li>Net Cash from (used in) Financing Activities: $24.2 million generated in Q1 2026, compared to - $39.5 million used in Q1 2025, primarily due to net proceeds on credit facilities in 2026 versus net repayments in 2025.</li></ul><h4>Other Key Financial Metrics</h4><ul><li>Cash, Cash Equivalents and Restricted Cash: $29.5 million at the end of Q1 2026, down from $37.7 million at year-end 2025.</li><li>Days Sales Outstanding (DSO): 64 days for Q1 2026, compared to 61 days at year-end 2025.</li><li>Working Capital Position: $480.2 million at the end of Q1 2026, an increase of $33.7 million from year-end 2025.</li><li>Current Ratio: 1.6 at the end of Q1 2026, up from 1.5 at year-end 2025.</li><li>Debt-to-Total Capital: 11.9% at the end of Q1 2026, up from 9.4% at year-end 2025.</li><li>Revolving Credit Facility: $150.0 million available capacity, with no long-term borrowings outstanding at the end of Q1 2026.</li><li>Securitization Facility: $76.9 million available capacity, with $130.5 million in long-term borrowings and $42.6 million in standby letters of credit at the end of Q1 2026.</li><li>Share Repurchase Program: $30.0 million remained available under the $50.0 million Class A share repurchase program as of Q1 2026, with no shares repurchased during Q1 2026.</li></ul><h4>Future Outlook and Strategy</h4>凯利服务-A is focused on stabilizing its business and executing strategic initiatives to drive organic growth and margin expansion. The company has formed a Growth Office to unify its go-to-market strategy and increase customer share of wallet and revenue growth, while also progressing with its technology modernization initiative. [凯利服务-A] expects to meet its ongoing short-term and long-term cash requirements through cash generated from operations, available cash and equivalents, and its credit facilities, maintaining sufficient liquidity.

Kelly Services | 10-Q: FY2026 Q1 Revenue: USD 1.041 B