6
Exhibit 99.2
KELLY SERVICES, INC. AND SUBSIDIARIES
2005 RESULTS OF OPERATIONS
(In thousands of dollars except per share data)
| | | | | | | | | | | | | | | | | | | |
| | First Quarter | | | Second Quarter | | | Third Quarter | | Fourth Quarter | | | Full Year | |
Revenue from services | | $ | 1,238,416 | | | $ | 1,302,593 | | | $ | 1,335,736 | | $ | 1,374,967 | | | $ | 5,251,712 | |
Cost of services | | | 1,036,358 | | | | 1,090,446 | | | | 1,119,730 | | | 1,156,084 | | | | 4,402,618 | |
| | | | | | | | | | | | | | | | | | | |
Gross profit | | | 202,058 | | | | 212,147 | | | | 216,006 | | | 218,883 | | | | 849,094 | |
Selling, general and administrative expenses | | | 196,516 | | | | 199,343 | | | | 199,733 | | | 202,221 | | | | 797,813 | |
| | | | | | | | | | | | | | | | | | | |
Earnings from operations | | | 5,542 | | | | 12,804 | | | | 16,273 | | | 16,662 | | | | 51,281 | |
Other income (expense), net | | | (35 | ) | | | (152 | ) | | | 10 | | | (10 | ) | | | (187 | ) |
| | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations before taxes | | | 5,507 | | | | 12,652 | | | | 16,283 | | | 16,652 | | | | 51,094 | |
Income taxes | | | 1,908 | | | | 3,811 | | | | 4,254 | | | 4,840 | | | | 14,813 | |
| | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations | | | 3,599 | | | | 8,841 | | | | 12,029 | | | 11,812 | | | | 36,281 | |
Earnings from discontinued operations, net of tax | | | 339 | | | | 492 | | | | 646 | | | 1,505 | | | | 2,982 | |
| | | | | | | | | | | | | | | | | | | |
Net earnings | | $ | 3,938 | | | $ | 9,333 | | | $ | 12,675 | | $ | 13,317 | | | $ | 39,263 | |
| | | | | | | | | | | | | | | | | | | |
Basic earnings per share | | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.10 | | | $ | 0.25 | | | $ | 0.33 | | $ | 0.33 | | | $ | 1.02 | |
Earnings from discontinued operations | | | 0.01 | | | | 0.01 | | | | 0.02 | | | 0.04 | | | | 0.08 | |
| | | | | | | | | | | | | | | | | | | |
Net earnings | | $ | 0.11 | | | $ | 0.26 | | | $ | 0.35 | | $ | 0.37 | | | $ | 1.10 | |
| | | | | | | | | | | | | | | | | | | |
Diluted earnings per share | | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.10 | | | $ | 0.25 | | | $ | 0.33 | | $ | 0.33 | | | $ | 1.01 | |
Earnings from discontinued operations | | | 0.01 | | | | 0.01 | | | | 0.02 | | | 0.04 | | | | 0.08 | |
| | | | | | | | | | | | | | | | | | | |
Net earnings | | $ | 0.11 | | | $ | 0.26 | | | $ | 0.35 | | $ | 0.37 | | | $ | 1.09 | |
| | | | | | | | | | | | | | | | | | | |