7
Exhibit 99.3
KELLY SERVICES, INC.
2007 RESULTS OF OPERATIONS BY SEGMENT
(In thousands of dollars)
| | | | | | | | | | | | | | | | | | | | |
| | First Qtr. | | | Second Qtr. | | | Third Qtr. | | | Fourth Qtr. | | | Full Year | |
Revenue from Services: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | $ | 684,051 | | | $ | 696,974 | | | $ | 682,534 | | | $ | 695,839 | | | $ | 2,759,398 | |
Americas PT | | | 227,629 | | | | 236,406 | | | | 235,559 | | | | 229,492 | | | | 929,086 | |
| | | | | | | | | | | | | | | | | | | | |
Total Americas Commercial and PT | | | 911,680 | | | | 933,380 | | | | 918,093 | | | | 925,331 | | | | 3,688,484 | |
EMEA Commercial | | | 297,439 | | | | 321,229 | | | | 332,933 | | | | 340,805 | | | | 1,292,406 | |
EMEA PT | | | 36,116 | | | | 39,165 | | | | 40,384 | | | | 43,106 | | | | 158,771 | |
| | | | | | | | | | | | | | | | | | | | |
Total EMEA Commercial and PT | | | 333,555 | | | | 360,394 | | | | 373,317 | | | | 383,911 | | | | 1,451,177 | |
APAC Commercial | | | 62,799 | | | | 77,888 | | | | 80,598 | | | | 89,300 | | | | 310,585 | |
APAC PT | | | 4,599 | | | | 5,917 | | | | 7,987 | | | | 8,199 | | | | 26,702 | |
| | | | | | | | | | | | | | | | | | | | |
Total APAC Commercial and PT | | | 67,398 | | | | 83,805 | | | | 88,585 | | | | 97,499 | | | | 337,287 | |
OCG | | | 38,225 | | | | 38,095 | | | | 45,303 | | | | 69,018 | | | | 190,641 | |
| | | | | | | | | | | | | | | | | | | | |
Consolidated Total | | $ | 1,350,858 | | | $ | 1,415,674 | | | $ | 1,425,298 | | | $ | 1,475,759 | | | $ | 5,667,589 | |
| | | | | | | | | | | | | | | | | | | | |
Gross Profit Rate: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | | 15.9 | % | | | 15.7 | % | | | 15.7 | % | | | 16.1 | % | | | 15.9 | % |
Americas PT | | | 17.7 | | | | 17.6 | | | | 17.7 | | | | 18.1 | | | | 17.8 | |
Total Americas Commercial and PT | | | 16.3 | | | | 16.2 | | | | 16.2 | | | | 16.6 | | | | 16.4 | |
EMEA Commercial | | | 16.5 | | | | 18.4 | | | | 17.2 | | | | 18.6 | | | | 17.7 | |
EMEA PT | | | 25.7 | | | | 29.0 | | | | 28.8 | | | | 28.9 | | | | 28.2 | |
Total EMEA Commercial and PT | | | 17.5 | | | | 19.6 | | | | 18.5 | | | | 19.8 | | | | 18.9 | |
APAC Commercial | | | 16.9 | | | | 17.4 | | | | 17.3 | | | | 16.8 | | | | 17.1 | |
APAC PT | | | 34.2 | | | | 33.2 | | | | 33.3 | | | | 31.9 | | | | 33.0 | |
Total APAC Commercial and PT | | | 18.1 | | | | 18.5 | | | | 18.7 | | | | 18.1 | | | | 18.3 | |
OCG | | | 25.3 | | | | 27.4 | | | | 26.9 | | | | 26.2 | | | | 26.4 | |
Consolidated Total | | | 17.0 | % | | | 17.5 | % | | | 17.3 | % | | | 18.0 | % | | | 17.5 | % |
| | | | | | | | | | | | | | | | | | | | |
Expense Rate: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | | 12.5 | % | | | 12.1 | % | | | 12.7 | % | | | 12.3 | % | | | 12.4 | % |
Americas PT | | | 11.8 | | | | 11.8 | | | | 12.1 | | | | 12.5 | | | | 12.0 | |
Total Americas Commercial and PT | | | 12.3 | | | | 12.0 | | | | 12.5 | | | | 12.4 | | | | 12.3 | |
EMEA Commercial | | | 18.0 | | | | 17.4 | | | | 16.1 | | | | 16.8 | | | | 17.0 | |
EMEA PT | | | 24.9 | | | | 27.9 | | | | 26.2 | | | | 27.6 | | | | 26.7 | |
Total EMEA Commercial and PT | | | 18.7 | | | | 18.5 | | | | 17.2 | | | | 18.0 | | | | 18.1 | |
APAC Commercial | | | 15.8 | | | | 15.4 | | | | 15.8 | | | | 16.9 | | | | 16.0 | |
APAC PT | | | 37.4 | | | | 37.2 | | | | 31.8 | | | | 27.2 | | | | 32.6 | |
Total APAC Commercial and PT | | | 17.3 | | | | 17.0 | | | | 17.3 | | | | 17.8 | | | | 17.3 | |
OCG | | | 24.0 | | | | 25.7 | | | | 22.8 | | | | 19.0 | | | | 22.2 | |
Corporate Expense | | | 1.7 | | | | 1.6 | | | | 1.5 | | | | 1.7 | | | | 1.6 | |
Consolidated Total | | | 16.2 | % | | | 15.9 | % | | | 15.9 | % | | | 16.2 | % | | | 16.0 | % |
| | | | | | | | | | | | | | | | | | | | |
Earnings (Loss) from Operations: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | $ | 23,107 | | | $ | 25,063 | | | $ | 20,911 | | | $ | 26,485 | | | $ | 95,566 | |
Americas PT | | | 13,552 | | | | 13,803 | | | | 13,181 | | | | 12,948 | | | | 53,484 | |
| | | | | | | | | | | | | | | | | | | | |
Total Americas Commercial and PT | | | 36,659 | | | | 38,866 | | | | 34,092 | | | | 39,433 | | | | 149,050 | |
EMEA Commercial | | | (4,468 | ) | | | 3,476 | | | | 3,758 | | | | 6,105 | | | | 8,871 | |
EMEA PT | | | 316 | | | | 433 | | | | 1,080 | | | | 593 | | | | 2,422 | |
| | | | | | | | | | | | | | | | | | | | |
Total EMEA Commercial and PT | | | (4,152 | ) | | | 3,909 | | | | 4,838 | | | | 6,698 | | | | 11,293 | |
APAC Commercial | | | 676 | | | | 1,498 | | | | 1,174 | | | | (109 | ) | | | 3,239 | |
APAC PT | | | (147 | ) | | | (233 | ) | | | 115 | | | | 384 | | | | 119 | |
| | | | | | | | | | | | | | | | | | | | |
Total APAC Commercial and PT | | | 529 | | | | 1,265 | | | | 1,289 | | | | 275 | | | | 3,358 | |
OCG | | | 527 | | | | 649 | | | | 1,872 | | | | 4,985 | | | | 8,033 | |
Corporate Expense | | | (23,070 | ) | | | (22,423 | ) | | | (21,311 | ) | | | (24,850 | ) | | | (91,654 | ) |
| | | | | | | | | | | | | | | | | | | | |
Consolidated Total | | $ | 10,493 | | | $ | 22,266 | | | $ | 20,780 | | | $ | 26,541 | | | $ | 80,080 | |
| | | | | | | | | | | | | | | | | | | | |