May. 11 at 3:59 PM
Noble Capital Markets Research Report: Kelly Services (
$KELYA) – First Quarter Results
Overview. First quarter revenue exceeded management expectations, and adjusted EBITDA was in line with the outlook, driven by sequential improvement in ETM and pockets of growth in SET. More than offsetting these items are continued lower demand in the other specialties within the SET segment, largely the technology specialty, and a decline in the Education segment driven by delayed contract decisions, elevated weather-related school closures, and declines in student enrollment in key markets.
Read full report here: https://www.channelchek.com/news-channel/kelly-services-kelya-first-quarter-results