Tranche Update on Kelly Services, Inc. (NasdaqGS:KELY.A)'s Equity Buyback Plan announced on November 10, 2022.
August 11, 2023 at 12:41 am IST
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From April 3, 2023 to July 2, 2023, the company has repurchased 982,565 shares, representing 2.68% for $16.52 million. With this, the company has completed the repurchase of 2,556,937 shares, representing 6.87% for $42.76 million under the buyback announced on November 10, 2022.
Kelly Services, Inc. is a specialty talent and workforce solutions provider operating throughout the world. The Company operates through five segments: Professional & Industrial (P&I), Science, Engineering & Technology (SET), Education, Outsourcing & Consulting Group (OCG) and International. P&I segment delivers staffing, outcome-based and permanent placement services, providing administrative, accounting and finance, light industrial and contact center staffing and other workforce solutions in the United States and Canada. The SET segment delivers staffing, outcome-based and permanent placement services focused on science and clinical research, engineering, technology and telecommunications specialties. Its OCG segment delivers talent solutions including managed service provider (MSP), payroll process outsourcing (PPO), recruitment process outsourcing (RPO), and talent advisory services. International segment also delivers RPO talent solutions within its local markets.