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History and Development of Business William Russell Kelly pioneered the staffing industry when he founded Kelly in 1946 and we ve been reinventing it ever since. Our inception helped usher in and embolden a workforce of women who kept the economy moving forward during World War II, opening doors and creating completely new opportunities.
The business is unprofitable at the operating level (-1.64% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.9% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from -0.84% to -4.13%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$4.13B
▼ -1.9% YoY
Net Income (TTM)
-$266M
▼ -42250.0% YoY
Op. Margin
-2.08%
▼ -1.3pp YoY
ROIC
-5.44%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$66M
▲ +622.2% YoY
Op. Cash Flow (TTM)
$73M
▲ +355.8% YoY
Net Debt
$158M
Cash & Equiv.
$26M
5Y CAGR: -1.2%
5Y CAGR: -7.7%
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