Report Outline:

Kelly Services has announced Q3 2015, period ended September 28, 2015:

• Revenues were $1,351m, down 3.2 % y/y and up 3.0% y/y at CC
• Operating income was $16.6m, a margin of 1.2% at CC, up 72 bps y/y.

Q3 FY 2015 revenues (with y/y growth at CC) by region were:

• Americas Commercial $615m (-1.1%)
• Americas PT $243m (+0.6%)
• EMEA Commercial $199m (+2.6%)
• EMEA PT $44m (+7.5%)
• APAC Commercial $83m (+9.2%)
• APAC PT $10m (+11.8%)
• Outsourcing Consulting Group (OCG) $172m (+16.8%).

Q3 2015 revenues from services (and y/y growth at CC) by region were:

• Americas $1,003m (+2.1%)
  • United States $900m (+3.0%)
  • Canada $38m (-12.6%)
  • Mexico $31m (+6.1%)
  • Puerto Rico $24m (-7.5%)
  • Brazil $10m (+11.4%)
• EMEA $250m (+3.5%)
  • Switzerland $58m (-8.2%)
  • France $63m (+7.4%)
  • Russia $17m (+2.9%)
  • U.K. $28m (+14.0%)
  • Portugal $34m (+20.2%)
  • Germany $15m (+4.8%)
  • Norway $10m (-10.5%)
  • Italy $14m (+12.6%)
  • Other $12m (-13.2%).
• APAC $98m (+9.5%)
  • Australia $29m (+13.8%)
  • Singapore $33m (+8.5%)
  • Malaysia $14m (+6.0%)
  • New Zealand $9m (-4.7%)
  • Other $13m (+20.9%).