7
Exhibit 99.3
KELLY SERVICES, INC.
2006 RESULTS OF OPERATIONS BY SEGMENT
(In thousands of dollars)
| | | | | | | | | | | | | | | | | | | | |
| | | First Qtr. | | | Second Qtr. | | | Third Qtr. | | | Fourth Qtr. | | | Full Year | |
Revenue from Services: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | $ | 714,465 | | | $ | 738,734 | | | $ | 723,762 | | | $ | 739,118 | | | $ | 2,916,079 | |
Americas - PTSA | | | 280,736 | | | | 276,764 | | | | 273,482 | | | | 277,347 | | | | 1,108,329 | |
| | | | | | | | | | | | | | | | | | | | |
Americas - Total | | | 995,201 | | | | 1,015,498 | | | | 997,244 | | | | 1,016,465 | | | | 4,024,408 | |
| | | | | |
International - Commercial | | | 308,679 | | | | 342,832 | | | | 362,187 | | | | 364,842 | | | | 1,378,540 | |
International - PTSA | | | 31,725 | | | | 34,556 | | | | 37,480 | | | | 40,069 | | | | 143,830 | |
| | | | | | | | | | | | | | | | | | | | |
International - Total | | | 340,404 | | | | 377,388 | | | | 399,667 | | | | 404,911 | | | | 1,522,370 | |
| | | | | |
Consolidated Total | | $ | 1,335,605 | | | $ | 1,392,886 | | | $ | 1,396,911 | | | $ | 1,421,376 | | | $ | 5,546,778 | |
| | | | | | | | | | | | | | | | | | | | |
Gross Profit Rate: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | | 14.9 | % | | | 15.1 | % | | | 15.4 | % | | | 15.9 | % | | | 15.4 | % |
Americas - PTSA | | | 16.5 | | | | 16.3 | | | | 17.5 | | | | 17.9 | | | | 17.1 | |
Americas - Total | | | 15.4 | | | | 15.5 | | | | 16.0 | | | | 16.4 | | | | 15.8 | |
| | | | | |
International - Commercial | | | 16.8 | | | | 16.9 | | | | 17.1 | | | | 17.0 | | | | 16.9 | |
International - PTSA | | | 25.2 | | | | 24.8 | | | | 25.1 | | | | 25.6 | | | | 25.2 | |
International - Total | | | 17.6 | | | | 17.6 | | | | 17.8 | | | | 17.9 | | | | 17.7 | |
| | | | | |
Consolidated Total | | | 16.0 | % | | | 16.0 | % | | | 16.5 | % | | | 16.8 | % | | | 16.3 | % |
| | | | | | | | | | | | | | | | | | | | |
Expense Rate: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | | 12.0 | % | | | 11.6 | % | | | 11.9 | % | | | 11.9 | % | | | 11.8 | % |
Americas - PTSA | | | 11.3 | | | | 11.5 | | | | 12.0 | | | | 12.4 | | | | 11.8 | |
Americas - Total | | | 11.8 | | | | 11.5 | | | | 11.9 | | | | 12.0 | | | | 11.8 | |
| | | | | |
International - Commercial | | | 17.6 | | | | 17.0 | | | | 16.2 | | | | 17.0 | | | | 16.9 | |
International - PTSA | | | 24.6 | | | | 25.1 | | | | 24.3 | | | | 25.0 | | | | 24.7 | |
International - Total | | | 18.2 | | | | 17.8 | | | | 16.9 | | | | 17.8 | | | | 17.6 | |
| | | | | |
Consolidated Total | | | 15.0 | % | | | 14.6 | % | | | 14.9 | % | | | 15.3 | % | | | 14.9 | % |
| | | | | | | | | | | | | | | | | | | | |
Earnings (Loss) from Operations: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | $ | 21,133 | | | $ | 26,381 | | | $ | 25,804 | | | $ | 29,600 | | | $ | 102,918 | |
Americas - PTSA | | | 14,562 | | | | 13,454 | | | | 15,024 | | | | 15,134 | | | | 58,174 | |
| | | | | | | | | | | | | | | | | | | | |
Americas - Total | | | 35,695 | | | | 39,835 | | | | 40,828 | | | | 44,734 | | | | 161,092 | |
| | | | | |
International - Commercial | | | (2,339 | ) | | | (558 | ) | | | 3,209 | | | | 255 | | | | 567 | |
International - PTSA | | | 180 | | | | (78 | ) | | | 288 | | | | 251 | | | | 641 | |
| | | | | | | | | | | | | | | | | | | | |
International - Total | | | (2,159 | ) | | | (636 | ) | | | 3,497 | | | | 506 | | | | 1,208 | |
| | | | | |
Corporate Expense | | | (20,740 | ) | | | (19,235 | ) | | | (21,345 | ) | | | (22,939 | ) | | | (84,259 | ) |
| | | | | | | | | | | | | | | | | | | | |
Consolidated Total | | $ | 12,796 | | | $ | 19,964 | | | $ | 22,980 | | | $ | 22,301 | | | $ | 78,041 | |
| | | | | | | | | | | | | | | | | | | | |
