EX-99.2 3 dex992.htm 2005 QUARTERLY RESULTS OF OPERATIONS 2005 Quarterly Results of Operations

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Exhibit 99.2

KELLY SERVICES, INC. AND SUBSIDIARIES

2005 QUARTERLY RESULTS OF OPERATIONS

(In thousands of dollars except per share data)

 

     First Qtr.     Second Qtr.     Third Qtr.     Fourth Qtr.     Full Year  

Revenue from services

   $ 1,221,517     $ 1,285,118     $ 1,319,215     $ 1,360,508     $ 5,186,358  

Cost of services

     1,024,299       1,078,148       1,107,887       1,146,015       4,356,349  
                                        

Gross profit

     197,218       206,970       211,328       214,493       830,009  

Selling, general and administrative expenses

     190,725       193,839       194,064       197,628       776,256  
                                        

Earnings from operations

     6,493       13,131       17,264       16,865       53,753  

Other income (expense), net

     (35 )     (152 )     10       (10 )     (187 )
                                        

Earnings from continuing operations before taxes

     6,458       12,979       17,274       16,855       53,566  

Income taxes

     2,313       3,951       4,676       4,927       15,867  
                                        

Earnings from continuing operations

     4,145       9,028       12,598       11,928       37,699  

Earnings (loss) from discontinued operations, net of tax

     (207 )     305       77       1,389       1,564  
                                        

Net earnings

   $ 3,938     $ 9,333     $ 12,675     $ 13,317     $ 39,263  
                                        

Basic earnings per share

          

Earnings from continuing operations

   $ 0.12     $ 0.25     $ 0.35     $ 0.33     $ 1.06  

Earnings from discontinued operations

     (0.01 )     0.01              0.04       0.04  
                                        

Net earnings

   $ 0.11     $ 0.26     $ 0.35     $ 0.37     $ 1.10  
                                        

Diluted earnings per share

          

Earnings from continuing operations

   $ 0.12     $ 0.25     $ 0.35     $ 0.33     $ 1.05  

Earnings from discontinued operations

     (0.01 )     0.01              0.04       0.04  
                                        

Net earnings

   $ 0.11     $ 0.26     $ 0.35     $ 0.37     $ 1.09