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Kelly Services shared its Q3 earnings, showing $927 million in sales, a small drop from last year.

ResultsRead the original at Benzinga
Neutral

Kelly Services' sales fell 0.8%, but its adjusted EBITDA margin rose 29% to 2.3%, and it expects a wider margin next quarter. ETM and SET improved, but Education weakness, pressure from a large ETM client, and nearly flat expected sales keep the report balanced.

KELYA · Kelly Services

AI read · Neutral

The AI's read

The sales decline points to softer demand, but gains in ETM and SET show progress in other areas. Education enrollment and therapy-service demand remain weak. Kelly expects sales to stay nearly flat next quarter and its margin to widen, but a large ETM client adds pressure. The report gives no clear reason to lean one way.

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