5
Exhibit 99.1
KELLY SERVICES, INC. AND SUBSIDIARIES
2006 RESULTS OF OPERATIONS
(In thousands of dollars except per share data)
| | | | | | | | | | | | | | | |
| | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Full Year |
Revenue from services | | $ | 1,350,325 | | $ | 1,407,855 | | $ | 1,411,582 | | $ | 1,435,990 | | $ | 5,605,752 |
Cost of services | | | 1,132,912 | | | 1,179,691 | | | 1,176,213 | | | 1,191,722 | | | 4,680,538 |
| | | | | | | | | | | | | | | |
Gross profit | | | 217,413 | | | 228,164 | | | 235,369 | | | 244,268 | | | 925,214 |
Selling, general and administrative expenses | | | 204,659 | | | 207,672 | | | 212,236 | | | 221,631 | | | 846,198 |
| | | | | | | | | | | | | | | |
Earnings from operations | | | 12,754 | | | 20,492 | | | 23,133 | | | 22,637 | | | 79,016 |
Other income (expense), net | | | 40 | | | 465 | | | 348 | | | 618 | | | 1,471 |
| | | | | | | | | | | | | | | |
Earnings from continuing operations before taxes | | | 12,794 | | | 20,957 | | | 23,481 | | | 23,255 | | | 80,487 |
Income taxes | | | 4,648 | | | 8,788 | | | 6,953 | | | 2,723 | | | 23,112 |
| | | | | | | | | | | | | | | |
Earnings from continuing operations | | | 8,146 | | | 12,169 | | | 16,528 | | | 20,532 | | | 57,375 |
Earnings from discontinued operations, net of tax | | | 412 | | | 504 | | | 1,290 | | | 3,910 | | | 6,116 |
| | | | | | | | | | | | | | | |
Net earnings | | $ | 8,558 | | $ | 12,673 | | $ | 17,818 | | $ | 24,442 | | $ | 63,491 |
| | | | | | | | | | | | | | | |
Basic earnings per share | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.23 | | $ | 0.34 | | $ | 0.46 | | $ | 0.57 | | $ | 1.59 |
Earnings from discontinued operations | | | 0.01 | | | 0.01 | | | 0.03 | | | 0.11 | | | 0.17 |
| | | | | | | | | | | | | | | |
Net earnings | | $ | 0.24 | | $ | 0.35 | | $ | 0.49 | | $ | 0.68 | | $ | 1.76 |
| | | | | | | | | | | | | | | |
Diluted earnings per share | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.23 | | $ | 0.34 | | $ | 0.46 | | $ | 0.56 | | $ | 1.58 |
Earnings from discontinued operations | | | 0.01 | | | 0.01 | | | 0.03 | | | 0.11 | | | 0.17 |
| | | | | | | | | | | | | | | |
Net earnings | | $ | 0.24 | | $ | 0.35 | | $ | 0.49 | | $ | 0.67 | | $ | 1.75 |
| | | | | | | | | | | | | | | |