Strong Fourth Quarter Performance
Kelly Services, Inc. delivered top and bottom line growth on a year-over-year basis, increasing organic revenue by more than 4% and adjusted EBITDA by 34% in Q4. This was accompanied by 110 basis points of margin expansion.
Education Segment Success
The Education segment achieved double-digit revenue growth, up 12% year-over-year in Q4, driven by improvements in fill rates, higher bill rates, and net new customer wins.
Strategic Acquisitions and Divestitures
Kelly Services, Inc. completed the acquisition of Children's Therapy Center and Motion Recruitment Partners, strengthening their staffing and consulting capabilities. They also sold the European Staffing business for over $100 million.
Market Share Gains Amid Industry Decline
Despite a general decline in the staffing industry, Kelly Services, Inc. captured a greater share of customer demand, outperforming the market in organic revenue growth.