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Kelly Services (KELYA) – Another Company Acquired

Financial Services
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Wednesday, May 04, 2022

Kelly Services (KELYA)
Another Company Acquired

Kelly (Nasdaq: KELYA, KELYB) connects talented people to companies in need of their skills in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. We’re always thinking about what’s next in the evolving world of work, and we help people ditch the script on old ways of thinking and embrace the value of all workstyles in the workplace. We directly employ nearly 350,000 people around the world and connect thousands more with work through our global network of talent suppliers and partners in our outsourcing and consulting practice. Revenue in 2021 was $4.9 billion. Visit kellyservices.com and let us help with what’s next for you.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A New Acquisition. Kelly’s management announced the acquisition of Pediatric Therapeutic Services (PTS), a firm that provides in-school therapy services involving occupational and physical, along with speech-language pathology and mental and behavioral health services. The terms of the acquisition were not disclosed.

Going Back to School. Management noted that the acquisition will be a part of the Kelly Education segment, and we believe that the acquisition will be additive to Kelly’s top-line revenue, as schools are having a return to in-person learning globally, and the Company is already seeing strong demand for their Education segment as of the fourth quarter of 2021.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

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