8
Exhibit 99.4
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 PT | | | 250,428 | | | | 244,119 | | | | 240,049 | | | | 227,040 | | | | 961,636 | |
| | | | | | | | | | | | | | | | | | | | |
Total Americas Commercial and PT | | | 964,893 | | | | 982,853 | | | | 963,811 | | | | 966,158 | | | | 3,877,715 | |
EMEA Commercial | | | 255,520 | | | | 285,070 | | | | 301,836 | | | | 303,030 | | | | 1,145,456 | |
EMEA PT | | | 26,246 | | | | 28,504 | | | | 31,408 | | | | 33,427 | | | | 119,585 | |
| | | | | | | | | | | | | | | | | | | | |
Total EMEA Commercial and PT | | | 281,766 | | | | 313,574 | | | | 333,244 | | | | 336,457 | | | | 1,265,041 | |
APAC Commercial | | | 53,101 | | | | 57,695 | | | | 60,300 | | | | 61,772 | | | | 232,868 | |
APAC PT | | | 3,871 | | | | 4,275 | | | | 4,156 | | | | 4,057 | | | | 16,359 | |
| | | | | | | | | | | | | | | | | | | | |
Total APAC Commercial and PT | | | 56,972 | | | | 61,970 | | | | 64,456 | | | | 65,829 | | | | 249,227 | |
OCG | | | 31,974 | | | | 34,489 | | | | 35,400 | | | | 52,932 | | | | 154,795 | |
| | | | | | | | | | | | | | | | | | | | |
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 PT | | | 15.3 | | | | 15.3 | | | | 16.0 | | | | 16.8 | | | | 15.8 | |
Total Americas Commercial and PT | | | 15.0 | | | | 15.2 | | | | 15.6 | | | | 16.1 | | | | 15.5 | |
EMEA Commercial | | | 16.7 | | | | 16.5 | | | | 16.8 | | | | 16.6 | | | | 16.6 | |
EMEA PT | | | 24.3 | | | | 24.1 | | | | 24.4 | | | | 25.2 | | | | 24.5 | |
Total EMEA Commercial and PT | | | 17.4 | | | | 17.2 | | | | 17.5 | | | | 17.5 | | | | 17.4 | |
APAC Commercial | | | 17.5 | | | | 18.7 | | | | 18.5 | | | | 18.9 | | | | 18.4 | |
APAC PT | | | 31.8 | | | | 32.6 | | | | 32.3 | | | | 32.2 | | | | 32.3 | |
Total APAC Commercial and PT | | | 18.5 | | | | 19.7 | | | | 19.4 | | | | 19.7 | | | | 19.3 | |
| | | 26.4 | | | | 23.5 | | | | 27.8 | | | | 23.0 | | | | 24.9 | |
Consolidated Total | | | 16.0 | % | | | 16.0 | % | | | 16.5 | % | | | 16.8 | % | | | 16.3 | % |
| | | | | | | | | | | | | | | | | | | | |
Expense Rate: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | | 11.7 | % | | | 11.3 | % | | | 11.6 | % | | | 11.6 | % | | | 11.5 | % |
Americas PT | | | 10.2 | | | | 10.3 | | | | 10.3 | | | | 11.3 | | | | 10.5 | |
Total Americas Commercial and PT | | | 11.3 | | | | 11.0 | | | | 11.3 | | | | 11.5 | | | | 11.3 | |
EMEA Commercial | | | 17.6 | | | | 16.9 | | | | 15.9 | | | | 16.8 | | | | 16.8 | |
EMEA PT | | | 24.0 | | | | 24.4 | | | | 23.3 | | | | 24.1 | | | | 23.9 | |
Total EMEA Commercial and PT | | | 18.2 | | | | 17.6 | | | | 16.6 | | | | 17.5 | | | | 17.5 | |
APAC Commercial | | | 16.5 | | | | 16.8 | | | | 16.5 | | | | 16.7 | | | | 16.6 | |
APAC PT | | | 30.2 | | | | 31.4 | | | | 33.0 | | | | 35.1 | | | | 32.4 | |
Total APAC Commercial and PT | | | 17.5 | | | | 17.8 | | | | 17.6 | | | | 17.8 | | | | 17.7 | |
OCG | | | 18.8 | | | | 18.7 | | | | 22.8 | | | | 17.1 | | | | 19.1 | |
Corporate Expense | | | 1.8 | | | | 1.6 | | | | 1.8 | | | | 1.8 | | | | 1.7 | |
Consolidated Total | | | 15.0 | % | | | 14.6 | % | | | 14.9 | % | | | 15.3 | % | | | 14.9 | % |
| | | | | | | | | | | | | | | | | | | | |
Earnings (Loss) from Operations: | | | | | | | | | | | | | | | | | | | | |
Americas Commercial | | $ | 23,295 | | | $ | 28,567 | | | $ | 27,964 | | | $ | 31,720 | | | $ | 111,546 | |
Americas PT | | | 12,789 | | | | 12,305 | | | | 13,690 | | | | 12,396 | | | | 51,180 | |
| | | | | | | | | | | | | | | | | | | | |
Total Americas Commercial and PT | | | 36,084 | | | | 40,872 | | | | 41,654 | | | | 44,116 | | | | 162,726 | |
EMEA Commercial | | | (2,517 | ) | | | (1,224 | ) | | | 2,511 | | | | (552 | ) | | | (1,782 | ) |
EMEA PT | | | 55 | | | | (59 | ) | | | 350 | | | | 346 | | | | 692 | |
| | | | | | | | | | | | | | | | | | | | |
Total EMEA Commercial and PT | | | (2,462 | ) | | | (1,283 | ) | | | 2,861 | | | | (206 | ) | | | (1,090 | ) |
APAC Commercial | | | 540 | | | | 1,083 | | | | 1,177 | | | | 1,369 | | | | 4,169 | |
APAC PT | | | 61 | | | | 54 | | | | (28 | ) | | | (116 | ) | | | (29 | ) |
| | | | | | | | | | | | | | | | | | | | |
Total APAC Commercial and PT | | | 601 | | | | 1,137 | | | | 1,149 | | | | 1,253 | | | | 4,140 | |
OCG | | | 2,415 | | | | 1,658 | | | | 1,767 | | | | 3,103 | | | | 8,943 | |
Corporate Expense | | | (23,842 | ) | | | (22,420 | ) | | | (24,451 | ) | | | (25,965 | ) | | | (96,678 | ) |
| | | | | | | | | | | | | | | | | | | | |
Consolidated Total | | $ | 12,796 | | | $ | 19,964 | | | $ | 22,980 | | | $ | 22,301 | | | $ | 78,041 | |
| | | | | | | | | | | | | | | | | | | | |