EX-99.5 6 dex995.htm 2002-2006 RESULTS OF OPERATIONS 2002-2006 Results of Operations

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Exhibit 99.5

KELLY SERVICES, INC. AND SUBSIDIARIES

2002-2006 RESULTS OF OPERATIONS

(In thousands of dollars except per share data)

 

     2002    2003     2004     2005     2006

Revenue from services

   $ 3,913,070    $ 4,199,173     $ 4,863,410     $ 5,186,358     $ 5,546,778

Cost of services

     3,252,403      3,534,361       4,093,092       4,356,349       4,640,052
                                     

Gross profit

     660,667      664,812       770,318       830,009       906,726

Selling, general and administrative expenses

     632,966      659,654       735,117       776,256       828,685
                                     

Earnings from operations

     27,701      5,158       35,201       53,753       78,041

Other income (expense), net

     362      (77 )     (861 )     (187 )     1,471
                                     

Earnings from continuing operations before taxes

     28,063      5,081       34,340       53,566       79,512

Income taxes

     11,022      2,218       12,133       15,867       22,727
                                     

Earnings from continuing operations

     17,041      2,863       22,207       37,699       56,785

Earnings (loss) from discontinued operations, net of tax

     1,437      2,041       (996 )     1,564       6,706
                                     

Net earnings

   $ 18,478    $ 4,904     $ 21,211     $ 39,263     $ 63,491
                                     

Basic earnings per share

           

Earnings from continuing operations

   $ 0.48    $ 0.08     $ 0.63     $ 1.06     $ 1.58

Earnings from discontinued operations

     0.04      0.06       (0.03 )     0.04       0.19
                                     

Net earnings

   $ 0.52    $ 0.14     $ 0.60     $ 1.10     $ 1.76
                                     

Diluted earnings per share

           

Earnings from continuing operations

   $ 0.47    $ 0.08     $ 0.63     $ 1.05     $ 1.56

Earnings from discontinued operations

     0.04      0.06       (0.03 )     0.04       0.18
                                     

Net earnings

   $ 0.51    $ 0.14     $ 0.60     $ 1.09     $ 1.75