9
Exhibit 99.5
KELLY SERVICES, INC. AND SUBSIDIARIES
2002-2007 RESULTS OF OPERATIONS
(In thousands of dollars except per share data)
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| | 2002 | | 2003 | | | 2004 | | | 2005 | | | 2006 | | 2007 |
Revenue from services | | $ | 3,913,070 | | $ | 4,199,173 | | | $ | 4,863,410 | | | $ | 5,186,358 | | | $ | 5,546,778 | | $ | 5,667,589 |
Cost of services | | | 3,252,403 | | | 3,534,361 | | | | 4,093,092 | | | | 4,356,349 | | | | 4,640,052 | | | 4,678,500 |
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Gross profit | | | 660,667 | | | 664,812 | | | | 770,318 | | | | 830,009 | | | | 906,726 | | | 989,089 |
Selling, general and administrative expenses | | | 632,966 | | | 659,654 | | | | 735,117 | | | | 776,256 | | | | 828,685 | | | 909,009 |
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Earnings from operations | | | 27,701 | | | 5,158 | | | | 35,201 | | | | 53,753 | | | | 78,041 | | | 80,080 |
Other income (expense), net | | | 362 | | | (77 | ) | | | (861 | ) | | | (187 | ) | | | 1,471 | | | 3,211 |
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Earnings from continuing operations before taxes | | | 28,063 | | | 5,081 | | | | 34,340 | | | | 53,566 | | | | 79,512 | | | 83,291 |
Income taxes | | | 11,022 | | | 2,218 | | | | 12,133 | | | | 15,867 | | | | 22,727 | | | 29,567 |
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Earnings from continuing operations | | | 17,041 | | | 2,863 | | | | 22,207 | | | | 37,699 | | | | 56,785 | | | 53,724 |
Earnings (loss) from discontinued operations, net of tax | | | 1,437 | | | 2,041 | | | | (996 | ) | | | 1,564 | | | | 6,706 | | | 7,292 |
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Net earnings | | $ | 18,478 | | $ | 4,904 | | | $ | 21,211 | | | $ | 39,263 | | | $ | 63,491 | | $ | 61,016 |
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Basic earnings per share | | | | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.48 | | $ | 0.08 | | | $ | 0.63 | | | $ | 1.06 | | | $ | 1.58 | | $ | 1.48 |
Earnings from discontinued operations | | | 0.04 | | | 0.06 | | | | (0.03 | ) | | | 0.04 | | | | 0.19 | | | 0.20 |
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Net earnings | | $ | 0.52 | | $ | 0.14 | | | $ | 0.60 | | | $ | 1.10 | | | $ | 1.76 | | $ | 1.68 |
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Diluted earnings per share | | | | | | | | | | | | | | | | | | | | | |
Earnings from continuing operations | | $ | 0.47 | | $ | 0.08 | | | $ | 0.63 | | | $ | 1.05 | | | $ | 1.56 | | $ | 1.47 |
Earnings from discontinued operations | | | 0.04 | | | 0.06 | | | | (0.03 | ) | | | 0.04 | | | | 0.18 | | | 0.20 |
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Net earnings | | $ | 0.51 | | $ | 0.14 | | | $ | 0.60 | | | $ | 1.09 | | | $ | 1.75 | | $ | 1.67 |
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