Printer Friendly

KELLY SERVICES REPORTS SECOND QUARTER SALES AND EARNINGS

 KELLY SERVICES REPORTS SECOND QUARTER SALES AND EARNINGS
 TROY, Mich., July 22 /PRNewswire/ -- Kelly Services, Inc.


(NASDAQ-NMS: KELYA, KELYB), the nation's largest staffing support company, today announced sales and earnings for the second quarter of 1992.
 Terence E. Adderley, Kelly Services President and Chief Executive Officer, announced that sales for the quarter ended June 28, 1992, were $416 million, an increase of 20 percent over the $347 million reported for the corresponding period in 1991, and up 10 percent from the $377 million reported for the first quarter of 1992.
 Net earnings of $8.5 million were 12.4 percent lower than the $9.7 million reported for the second quarter of 1991. Earnings per share in the second quarter amounted to 28 cents per share versus second quarter 1991 earnings of 32 cents per share.
 "Sales of $416 million during the second quarter of 1992 set an all- time quarterly high for the company," Adderley said. "Earnings, however, continue to be impacted by industry pricing pressures and a sluggish recovery from the recession."
 Comparative sales and earnings for the second quarters of 1992 and 1991 were:
 KELLY SERVICES, INC.
 Second Quarter(a) Six Months(a)
 1992 1991 1992 1991
 (In 000's except per share data)
 Sales of services $415,673 $347,136 $793,057 $677,471
 Costs and expenses 402,423 331,956 770,133 649,091
 Earnings before
 income taxes 13,250 15,180 22,924 28,380
 Income taxes 4,745 5,470 8,210 10,220
 Net earnings 8,505 9,710 14,714 18,160
 Earnings per share 0.28 0.32 0.49 0.60
 Average number of
 Class A and B common
 shares outstanding 30,132 30,091 30,122 30,088
 (a) -- The 13- and 26-week periods ended June 28, 1992, and June 30, 1991.
 -0- 7/22/92
 /CONTACT: Robert F. Stoner, Chief Financial Officer, Kelly Services, Inc., 313-244-4362/
 (KELY) CO: Kelly Services, Inc. ST: Michigan IN: SU: ERN


ML-JG -- DE006 -- 1794 07/22/92 10:46 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 22, 1992
Words:337
Previous Article:SNET SECOND QUARTER EARNINGS UP
Next Article:LP&L PLANS FIRST MORTGAGE BOND REDEMPTION
Topics:


Related Articles
KELLY SERVICES REPORTS 1991 SALES AND EARNINGS
KELLY SERVICES REPORTS THIRD QUARTER SALES AND EARNINGS
KELLY SERVICES REPORTS 1992 SALES AND EARNINGS
KELLY SERVICES REPORTS SECOND QUARTER SALES AND EARNINGS
KELLY SERVICES REPORTS SECOND QUARTER SALES AND EARNINGS
KELLY SERVICES REPORTS SECOND QUARTER SALES AND EARNINGS
Kelly Services Reports Record Second Quarter Sales and Earnings
Kelly Services Reports Second Quarter Sales and Earnings.
Kelly Services Reports Second Quarter Sales and Earnings.
Kelly Services Reports Sales and Earnings for the 2nd Quarter of 2001.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters