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Kelly Services KELYB Science, Engineering & Technology — Asset impairment charge

Other segment segments

Education

$0—

Enterprise Talent Management

$0—

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FDPAsset Impairment Charges, Excluding Goodwill And Trademark Impairment

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DAsset Impairment And Other Charges

$291M-25.0%

Other financials

Income statement

Revenue$1.0B-10.7%

Gross profit$196.4M-17.0%

Operating income-$5.1M-147%

Net income-$5.9M-202%

EPS (diluted)-$0.17-206%

Balance sheet

Cash & equivalents$29.5M-14.5%

Total debt$183.9M-30.9%

Total equity$968.5M-21.9%

Total assets$2.3B-13.1%

Cash flow

Operating cash flow-$25.4M-206%

CapEx$1.1M-56.0%

Free cash flow-$26.5M-224%

Valuation

Market cap$624.05M+46.6%

Enterprise value$778.45M+18.4%

P/S0.2×+0.1×

Profitability

Gross margin19.7%-0.8pp

Operating margin-2.1%-4.2pp

Net margin-6.4%-7.0pp

FCF margin1.6%—

Returns & leverage

Return on equity-24.1%-26.0pp

Debt / equity0.2×0.0×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Kelly Services in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Kelly Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kelly Services's science, engineering & technology — asset impairment charge?: Kelly Services (KELYB) reported science, engineering & technology — asset impairment charge of $2.2M in Q1 2026.
What does science, engineering & technology — asset impairment charge mean?: This represents the non-cash expense recognized when the carrying value of long-lived assets within the Science, Engineering & Technology segment exceeds their fair market value. It serves as an indicator of declining asset utility or unfavorable changes in the business environment for this specific division.