8
Exhibit 99.4
KELLY SERVICES, INC.
2005 RESULTS OF OPERATIONS BY SEGMENT
(In thousands of dollars)
| | | | | | | | | | | | | | | | | | | | |
| | First Qtr. | | | Second Qtr. | | | Third Qtr. | | | Fourth Qtr. | | | Full Year | |
Revenue from Services: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | $ | 657,867 | | | $ | 692,077 | | | $ | 714,290 | | | $ | 746,509 | | | $ | 2,810,743 | |
Americas - PTSA | | | 251,211 | | | | 260,851 | | | | 265,939 | | | | 273,462 | | | | 1,051,463 | |
| | | | | | | | | | | | | | | | | | | | |
Americas - Total | | | 909,078 | | | | 952,928 | | | | 980,229 | | | | 1,019,971 | | | | 3,862,206 | |
| | | | | |
International - Commercial | | | 286,765 | | | | 304,885 | | | | 310,952 | | | | 311,266 | | | | 1,213,868 | |
International - PTSA | | | 25,674 | | | | 27,305 | | | | 28,034 | | | | 29,271 | | | | 110,284 | |
| | | | | | | | | | | | | | | | | | | | |
International - Total | | | 312,439 | | | | 332,190 | | | | 338,986 | | | | 340,537 | | | | 1,324,152 | |
| | | | | |
Consolidated Total | | $ | 1,221,517 | | | $ | 1,285,118 | | | $ | 1,319,215 | | | $ | 1,360,508 | | | $ | 5,186,358 | |
| | | | | | | | | | | | | | | | | | | | |
Gross Profit Rate: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | | 15.0 | % | | | 14.9 | % | | | 14.9 | % | | | 14.9 | % | | | 14.9 | % |
Americas - PTSA | | | 16.6 | | | | 16.4 | | | | 16.2 | | | | 15.9 | | | | 16.3 | |
Americas - Total | | | 15.4 | | | | 15.3 | | | | 15.3 | | | | 15.2 | | | | 15.3 | |
| | | | | |
International - Commercial | | | 17.7 | | | | 17.9 | | | | 17.6 | | | | 17.0 | | | | 17.5 | |
International - PTSA | | | 24.2 | | | | 24.7 | | | | 24.0 | | | | 23.4 | | | | 24.0 | |
International - Total | | | 18.2 | | | | 18.5 | | | | 18.2 | | | | 17.5 | | | | 18.1 | |
| | | | | |
Consolidated Total | | | 16.1 | % | | | 16.1 | % | | | 16.0 | % | | | 15.8 | % | | | 16.0 | % |
| | | | | | | | | | | | | | | | | | | | |
Expense Rate: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | | 12.3 | % | | | 11.9 | % | | | 11.6 | % | | | 11.4 | % | | | 11.8 | % |
Americas - PTSA | | | 12.1 | | | | 11.7 | | | | 11.3 | | | | 11.4 | | | | 11.6 | |
Americas - Total | | | 12.3 | | | | 11.8 | | | | 11.5 | | | | 11.4 | | | | 11.7 | |
| | | | | |
International - Commercial | | | 19.2 | | | | 18.1 | | | | 17.1 | | | | 17.2 | | | | 17.9 | |
International - PTSA | | | 26.0 | | | | 25.3 | | | | 24.8 | | | | 23.6 | | | | 24.9 | |
International - Total | | | 19.8 | | | | 18.7 | | | | 17.8 | | | | 17.8 | | | | 18.5 | |
| | | | | |
Consolidated Total | | | 15.6 | % | | | 15.1 | % | | | 14.7 | % | | | 14.5 | % | | | 15.0 | % |
| | | | | | | | | | | | | | | | | | | | |
Earnings (Loss) from Operations: | | | | | | | | | | | | | | | | | | | | |
Americas - Commercial | | $ | 17,298 | | | $ | 20,815 | | | $ | 23,513 | | | $ | 26,481 | | | $ | 88,107 | |
Americas - PTSA | | | 11,331 | | | | 12,240 | | | | 13,150 | | | | 12,160 | | | | 48,881 | |
| | | | | | | | | | | | | | | | | | | | |
Americas - Total | | | 28,629 | | | | 33,055 | | | | 36,663 | | | | 38,641 | | | | 136,988 | |
| | | | | |
International - Commercial | | | (4,384 | ) | | | (515 | ) | | | 1,520 | | | | (783 | ) | | | (4,162 | ) |
International - PTSA | | | (451 | ) | | | (159 | ) | | | (237 | ) | | | (74 | ) | | | (921 | ) |
| | | | | | | | | | | | | | | | | | | | |
International - Total | | | (4,835 | ) | | | (674 | ) | | | 1,283 | | | | (857 | ) | | | (5,083 | ) |
| | | | | |
Corporate Expense | | | (17,301 | ) | | | (19,250 | ) | | | (20,682 | ) | | | (20,919 | ) | | | (78,152 | ) |
| | | | | | | | | | | | | | | | | | | | |
Consolidated Total | | $ | 6,493 | | | $ | 13,131 | | | $ | 17,264 | | | $ | 16,865 | | | $ | 53,753 | |
| | | | | | | | | | | | | | | | | | | | |