UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 7, 2014
KELLY SERVICES, INC.
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(Exact name of Registrant as specified in its charter)
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DELAWARE |
0-1088 |
38-1510762 |
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(State or other |
(Commission |
(IRS Employer |
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jurisdiction of |
File Number) |
Identification |
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999 WEST BIG BEAVER ROAD, TROY, MICHIGAN 48084
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(Address of principal executive offices)
(Zip Code)
(248) 362-4444
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
Kelly Services, Inc. (the “Company”) today released financial information containing highlighted financial data for the three months ended March 30, 2014. A copy of the press release is attached as exhibit 99.1 herein.
Item 9.01. Financial Statements and Exhibits
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(d) |
Exhibits |
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99.1 |
Press Release dated May 7, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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KELLY SERVICES, INC. |
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Date: May 7, 2014 |
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/s/ Patricia Little |
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Patricia Little |
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Executive Vice President and |
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Chief Financial Officer |
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(Principal Financial Officer) |
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Date: May 7, 2014 |
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/s/ Michael E. Debs |
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Michael E. Debs |
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Senior Vice President and |
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Chief Accounting Officer |
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(Principal Accounting Officer) |
EXHIBIT INDEX
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Exhibit No. |
Description |
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99.1 |
Press release dated May 7, 2014 |
4
Exhibit 99.1
KELLY SERVICES® REPORTS 1st QUARTER RESULTS
TROY, MI (May 7, 2014) -- Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB), a leader in providing workforce solutions, today announced results for the first quarter of 2014.
Carl T. Camden, President and Chief Executive Officer, announced revenue for the first quarter of 2014 totaled $1.3 billion, a 1% increase compared to the corresponding quarter of 2013.
Earnings from operations for the first quarter of 2014 totaled $6.3 million, compared to $7.1 million reported for the first quarter of 2013.
Diluted earnings per share in the first quarter of 2014 were $0.07 compared to $0.34 per share in the first quarter of 2013.
“We’re pleased with our first quarter performance, which is better than expectations and confirms our strategic direction,” stated Camden. “It’s clear we are making progress on adjusting our operating models and focusing on higher-margin growth – and we’re delivering a profit while investing aggressively in Kelly’s long-term success.”
Camden noted that although confidence is returning among many U.S. companies, that isn’t necessarily translating into strong job growth. “Rather than waiting for the job market to change significantly in 2014, Kelly is taking the necessary steps to secure our position in the specialty staffing and outsourcing and consulting markets. In particular, we continue to see strong demand and revenue growth in the talent supply chain management approach delivered through our OCG segment.”
Kelly also reported that on May 6, 2014, its board of directors declared a dividend of $0.05 per share. The dividend is payable June 3, 2014 to shareholders of record as of the close of business on May 19, 2014.
In conjunction with its first quarter earnings release, Kelly Services, Inc. will host a conference call at 9:00 a.m. (ET) on May 7, to review the results and answer questions. The call may be accessed in one of the following ways:
Via the Telephone:
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U.S. |
1 800 288-9626 |
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International |
1 651 291-5254 |
The pass code is Kelly Services
Via the Internet:
The call is also available via the internet through the Kelly Services website:
www.kellyservices.com
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These factors include, but are not limited to, competitive market pressures including pricing and technology introductions, changing market and economic conditions, our ability to achieve our business strategy, our ability to retain the services of our senior management, local management and field personnel, our ability to adequately protect our intellectual property rights, including our brand, our ability to successfully develop new service offerings, our exposure to risks associated with services outside traditional staffing, including business process outsourcing, the risks associated with past and future acquisitions, exposure to risks associated with investments in equity affiliates, material changes in demand from or loss of large corporate customers, risks associated with conducting business in foreign countries, including foreign currency fluctuations, availability of temporary workers with appropriate skills required by customers, liabilities for employment-related claims and losses, including class action lawsuits and collective actions, liability for improper disclosure of sensitive or private employee information, our ability to sustain critical business applications through our key data centers, our ability to effectively implement and manage our information technology programs, our ability to maintain adequate financial and management processes and controls, impairment charges triggered by adverse industry or market developments, unexpected changes in claim trends on workers’ compensation, disability and medical benefit plans, the net financial impact of the Patient Protection and Affordable Care Act on our business, the impact of changes in laws and regulations (including federal, state and international tax laws and the expiration and/or reinstatement of the U.S. work opportunity credit program), the risk of additional tax or unclaimed property liabilities in excess of our estimates, our ability to maintain specified financial covenants in our bank facilities, our ability to access credit markets and continued availability of financing for funding working capital, and other risks, uncertainties and factors discussed in this release and in the Company’s filings with the Securities and Exchange Commission. Actual results may differ materially from any forward looking statements contained herein, and we have no intention to update these statements.
About Kelly Services®
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly® offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire, and direct-hire basis. Serving clients around the globe, Kelly provided employment to approximately 540,000 employees in 2013. Revenue in 2013 was $5.4 billion. Visit kellyservices.com and connect with us on Facebook, LinkedIn, and Twitter. Download The Talent Project, a free iPad® app by Kelly Services.
iPad is a trademark of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
# # #
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ANALYST CONTACT: |
MEDIA CONTACT: |
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James Polehna |
Jane Stehney |
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(248) 244-4586 |
(248) 244-5630 |
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james_polehna@kellyservices.com |
jane_stehney@kellyservices.com |
KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
FOR THE 13 WEEKS ENDED MARCH 30, 2014 AND MARCH 31, 2013
(UNAUDITED)
(In millions of dollars except per share data)
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2014 |
2013 |
Change |
% Change |
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Revenue from services |
$ | 1,330.8 | $ | 1,314.8 | $ | 16.0 | 1.2 |
% | ||||||||
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Cost of services |
1,108.5 | 1,097.9 | 10.6 | 1.0 | ||||||||||||
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Gross profit |
222.3 | 216.9 | 5.4 | 2.5 | ||||||||||||
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Selling, general and administrative expenses |
216.0 | 209.8 | 6.2 | 3.0 | ||||||||||||
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Earnings from operations |
6.3 | 7.1 | (0.8 | ) | (11.8 | ) | ||||||||||
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Other expense, net |
1.7 | 1.0 | 0.7 | 73.3 | ||||||||||||
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Earnings before taxes |
4.6 | 6.1 | (1.5 | ) | (25.1 | ) | ||||||||||
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Income tax expense (benefit) |
2.1 | (6.8 | ) | 8.9 | 130.4 | |||||||||||
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Net earnings |
2.5 | 12.9 | (10.4 | ) | (80.5 | ) | ||||||||||
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Basic earnings per share |
$ | 0.07 | $ | 0.34 | $ | (0.27 | ) | (79.4 |
)% | |||||||
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Diluted earnings per share |
$ | 0.07 | $ | 0.34 | $ | (0.27 | ) | (79.4 |
)% | |||||||
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STATISTICS: |
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Gross profit rate |
16.7 | % | 16.5 | % | 0.2 | pts. | ||||||||||
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Selling, general and administrative expenses: |
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% of revenue |
16.2 | 16.0 | 0.2 | |||||||||||||
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% of gross profit |
97.2 | 96.7 | 0.5 | |||||||||||||
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% Return: |
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Earnings from operations |
0.5 | 0.5 | 0.0 | |||||||||||||
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Earnings before taxes |
0.3 | 0.5 | (0.2 | ) | ||||||||||||
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Net earnings |
0.2 | 1.0 | (0.8 | ) | ||||||||||||
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Effective income tax rate |
45.1 | % | (110.9 | )% | 156.0 | pts. | ||||||||||
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Average number of shares outstanding (millions): |
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Basic |
37.4 | 37.2 | ||||||||||||||
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Diluted |
37.4 | 37.2 | ||||||||||||||
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Shares adjusted for nonvested restricted awards (millions): |
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Basic |
38.5 | 38.2 | ||||||||||||||
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Diluted |
38.5 | 38.2 | ||||||||||||||
KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT
(UNAUDITED)
(In millions of dollars)
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First Quarter |
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Constant |
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Currency |
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2014 |
2013 |
Change |
Change |
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AMERICAS |
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Commercial |
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Revenue from services |
$ | 613.2 | $ | 638.3 | (3.9 |
)% |
(2.7 |
)% | ||||||||
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Staffing fee-based income (included in revenue from services) |
3.7 | 3.9 | (4.4 | ) | (2.4 | ) | ||||||||||
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Gross profit |
91.8 | 93.5 | (1.8 | ) | (0.7 | ) | ||||||||||
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Gross profit rate |
15.0 |
% |
14.7 |
% |
0.3 |
pts. |
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PT |
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Revenue from services |
$ | 236.4 | $ | 242.6 | (2.6 |
)% |
(2.4 |
)% | ||||||||
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Staffing fee-based income (included in revenue from services) |
4.1 | 3.9 | 5.7 | 6.3 | ||||||||||||
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Gross profit |
39.8 | 38.3 | 4.0 | 4.2 | ||||||||||||
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Gross profit rate |
16.8 |
% |
15.8 |
% |
1.0 |
pts. |
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Total Americas |
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Revenue from services |
$ | 849.6 | $ | 880.9 | (3.6 |
)% |
(2.6 |
)% | ||||||||
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Staffing fee-based income (included in revenue from services) |
7.8 | 7.8 | 0.6 | 1.9 | ||||||||||||
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Gross profit |
131.6 | 131.8 | (0.2 | ) | 0.7 | |||||||||||
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Total SG&A expenses |
109.5 | 107.9 | 1.5 | 2.4 | ||||||||||||
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Earnings from operations |
22.1 | 23.9 | (7.6 | ) | ||||||||||||
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Gross profit rate |
15.5 |
% |
15.0 |
% |
0.5 |
pts. |
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Expense rates: |
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% of revenue |
12.9 | 12.3 | 0.6 | |||||||||||||
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% of gross profit |
83.3 | 81.9 | 1.4 | |||||||||||||
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Return on sales |
2.6 | 2.7 | (0.1 | ) | ||||||||||||
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EMEA |
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Commercial |
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Revenue from services |
$ | 221.9 | $ | 201.0 | 10.4 |
% |
9.6 |
% | ||||||||
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Staffing fee-based income (included in revenue from services) |
5.1 | 5.5 | (7.8 | ) | (5.0 | ) | ||||||||||
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Gross profit |
32.9 | 31.1 | 5.9 | 5.2 | ||||||||||||
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Gross profit rate |
14.8 |
% |
15.5 |
% |
(0.7 |
)pts. |
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PT |
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Revenue from services |
$ | 47.7 | $ | 43.5 | 9.6 |
% |
6.9 |
% | ||||||||
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Staffing fee-based income (included in revenue from services) |
3.6 | 4.0 | (8.8 | ) | (7.9 | ) | ||||||||||
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Gross profit |
11.1 | 10.7 | 3.8 | 2.3 | ||||||||||||
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Gross profit rate |
23.3 |
% |
24.6 |
% |
(1.3 |
)pts. |
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Total EMEA |
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Revenue from services |
$ | 269.6 | $ | 244.5 | 10.3 |
% |
9.1 |
% | ||||||||
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Staffing fee-based income (included in revenue from services) |
8.7 | 9.5 | (8.2 | ) | (6.2 | ) | ||||||||||
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Gross profit |
44.0 | 41.8 | 5.4 | 4.4 | ||||||||||||
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SG&A expenses excluding restructuring charges |
41.9 | 42.2 | (0.6 | ) | ||||||||||||
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Restructuring charges |
- | (0.2 | ) | (100.0 | ) | |||||||||||
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Total SG&A expenses |
41.9 | 42.0 | (0.2 | ) | (1.4 | ) | ||||||||||
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Earnings from operations |
2.1 | (0.2 | ) |
NM |
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Earnings from operations excluding restructuring charges |
2.1 | (0.4 | ) |
NM |
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Gross profit rate |
16.3 |
% |
17.1 |
% |
(0.8 |
)pts. |
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Expense rates (excluding restructuring charges): |
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% of revenue |
15.5 | 17.2 | (1.7 | ) | ||||||||||||
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% of gross profit |
95.1 | 100.8 | (5.7 | ) | ||||||||||||
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Return on sales (excluding restructuring charges) |
0.8 | (0.1 | ) | 0.9 | ||||||||||||
KELLY SERVICES, INC. AND SUBSIDIARIES
RESULTS OF OPERATIONS BY SEGMENT
(UNAUDITED)
(In millions of dollars)
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First Quarter |
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Constant |
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Currency |
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2014 |
2013 |
Change |
Change |
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APAC |
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Commercial |
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Revenue from services |
$ | 83.0 | $ | 81.5 | 1.8 |
% |
9.3 |
% | ||||||||
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Staffing fee-based income (included in revenue from services) |
2.2 | 2.7 | (20.4 | ) | (12.9 | ) | ||||||||||
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Gross profit |
12.3 | 11.6 | 6.5 | 14.3 | ||||||||||||
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Gross profit rate |
14.8 |
% |
14.2 |
% |
0.6 |
pts. |
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PT |
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Revenue from services |
$ | 8.6 | $ | 10.2 | (15.3 |
)% |
(7.2 |
)% | ||||||||
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Staffing fee-based income (included in revenue from services) |
1.7 | 2.0 | (14.0 | ) | (6.0 | ) | ||||||||||
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Gross profit |
2.8 | 3.3 | (16.5 | ) | (8.6 | ) | ||||||||||
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Gross profit rate |
32.0 |
% |
32.5 |
% |
(0.5 |
)pts. |
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Total APAC |
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Revenue from services |
$ | 91.6 | $ | 91.7 | (0.1 |
)% |
7.5 |
% | ||||||||
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Staffing fee-based income (included in revenue from services) |
3.9 | 4.7 | (17.8 | ) | (10.0 | ) | ||||||||||
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Gross profit |
15.1 | 14.9 | 1.4 | 9.2 | ||||||||||||
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SG&A expenses excluding restructuring charges |
14.3 | 15.6 | (7.8 | ) | ||||||||||||
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Restructuring charges |
- | 0.2 | (100.0 | ) | ||||||||||||
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Total SG&A expenses |
14.3 | 15.8 | (9.0 | ) | (1.1 | ) | ||||||||||
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Earnings from operations |
0.8 | (0.9 | ) |
NM |
||||||||||||
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Earnings from operations excluding restructuring charges |
0.8 | (0.7 | ) |
NM |
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Gross profit rate |
16.5 |
% |
16.2 |
% |
0.3 |
pts. |
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Expense rates (excluding restructuring charges): |
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% of revenue |
15.7 | 17.0 | (1.3 | ) | ||||||||||||
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% of gross profit |
95.1 | 104.7 | (9.6 | ) | ||||||||||||
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Return on sales (excluding restructuring charges) |
0.8 | (0.8 | ) | 1.6 | ||||||||||||
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OCG |
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Revenue from services |
$ | 134.4 | $ | 107.4 | 25.1 |
% |
25.9 |
% | ||||||||
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Gross profit |
32.6 | 29.2 | 11.8 | 12.3 | ||||||||||||
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Total SG&A expenses |
31.4 | 26.7 | 17.9 | 18.4 | ||||||||||||
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Earnings from operations |
1.2 | 2.5 | (52.6 | ) | ||||||||||||
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Gross profit rate |
24.3 |
% |
27.2 |
% |
(2.9 |
)pts. |
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Expense rates: |
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% of revenue |
23.4 | 24.8 | (1.4 | ) | ||||||||||||
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% of gross profit |
96.3 | 91.4 | 4.9 | |||||||||||||
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Return on sales |
0.9 | 2.3 | (1.4 | ) | ||||||||||||
KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(In millions of dollars)
|
Mar. 30, 2014 |
Dec. 29, 2013 |
Mar. 31, 2013 |
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Current Assets |
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Cash and equivalents |
$ | 57.9 | $ | 125.7 | $ | 62.1 | ||||||
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Trade accounts receivable, less allowances of $10.2, $9.9 and $10.1, respectively |
1,080.2 | 1,023.1 | 999.8 | |||||||||
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Prepaid expenses and other current assets |
61.6 | 52.2 | 56.8 | |||||||||
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Deferred taxes |
29.2 | 35.5 | 36.3 | |||||||||
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Total current assets |
1,228.9 | 1,236.5 | 1,155.0 | |||||||||
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Property and Equipment, Net |
90.8 | 92.0 | 87.5 | |||||||||
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Noncurrent Deferred Taxes |
129.3 | 121.7 | 106.6 | |||||||||
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Goodwill, Net |
90.3 | 90.3 | 90.3 | |||||||||
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Other Assets |
265.1 | 258.1 | 208.6 | |||||||||
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Total Assets |
$ | 1,804.4 | $ | 1,798.6 | $ | 1,648.0 | ||||||
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Current Liabilities |
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Short-term borrowings |
$ | 54.8 | $ | 28.3 | $ | 50.2 | ||||||
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Accounts payable and accrued liabilities |
321.7 | 342.4 | 311.8 | |||||||||
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Accrued payroll and related taxes |
291.2 | 294.9 | 250.2 | |||||||||
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Accrued insurance |
25.5 | 27.6 | 31.4 | |||||||||
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Income and other taxes |
68.4 | 68.8 | 61.2 | |||||||||
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Total current liabilities |
761.6 | 762.0 | 704.8 | |||||||||
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Noncurrent Liabilities |
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Accrued insurance |
45.4 | 46.0 | 41.6 | |||||||||
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Accrued retirement benefits |
140.4 | 134.7 | 120.2 | |||||||||
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Other long-term liabilities |
31.8 | 33.3 | 22.9 | |||||||||
|
Total noncurrent liabilities |
217.6 | 214.0 | 184.7 | |||||||||
|
Stockholders' Equity |
||||||||||||
|
Common stock |
40.1 | 40.1 | 40.1 | |||||||||
|
Treasury stock |
(56.0 | ) | (56.2 | ) | (61.1 | ) | ||||||
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Paid-in capital |
27.5 | 26.0 | 27.8 | |||||||||
|
Earnings invested in the business |
751.9 | 751.3 | 711.0 | |||||||||
|
Accumulated other comprehensive income |
61.7 | 61.4 | 40.7 | |||||||||
|
Total stockholders' equity |
825.2 | 822.6 | 758.5 | |||||||||
|
Total Liabilities and Stockholders' Equity |
$ | 1,804.4 | $ | 1,798.6 | $ | 1,648.0 | ||||||
|
STATISTICS: |
||||||||||||
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Working Capital |
$ | 467.3 | $ | 474.5 | $ | 450.2 | ||||||
|
Current Ratio |
1.6 | 1.6 | 1.6 | |||||||||
|
Debt-to-capital % |
6.2 |
% |
3.3 |
% |
6.2 |
% | ||||||
|
Global Days Sales Outstanding |
57 | 52 | 54 | |||||||||
KELLY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE 13 WEEKS ENDED MARCH 30, 2014 AND MARCH 31, 2013
(UNAUDITED)
(In millions of dollars)
|
2014 |
2013 |
|||||||
|
Cash flows from operating activities |
||||||||
|
Net earnings |
$ | 2.5 | $ | 12.9 | ||||
|
Noncash adjustments: |
||||||||
|
Depreciation and amortization |
5.3 | 5.3 | ||||||
|
Provision for bad debts |
1.6 | 0.4 | ||||||
|
Stock-based compensation |
1.7 | 1.2 | ||||||
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Other, net |
0.3 | 0.2 | ||||||
|
Changes in operating assets and liabilities |
(102.2 | ) | (14.1 | ) | ||||
|
Net cash (used in) from operating activities |
(90.8 | ) | 5.9 | |||||
|
Cash flows from investing activities |
||||||||
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Capital expenditures |
(3.3 | ) | (2.8 | ) | ||||
|
Investment in equity affiliate |
(0.6 | ) | - | |||||
|
Other investing activities |
0.1 | 0.2 | ||||||
|
Net cash used in investing activities |
(3.8 | ) | (2.6 | ) | ||||
|
Cash flows from financing activities |
||||||||
|
Net change in short-term borrowings |
26.5 | (13.7 | ) | |||||
|
Dividend payments |
(1.9 | ) | (1.9 | ) | ||||
|
Net cash from (used in) financing activities |
24.6 | (15.6 | ) | |||||
|
Effect of exchange rates on cash and equivalents |
2.2 | (1.9 | ) | |||||
|
Net change in cash and equivalents |
(67.8 | ) | (14.2 | ) | ||||
|
Cash and equivalents at beginning of period |
125.7 | 76.3 | ||||||
|
Cash and equivalents at end of period |
$ | 57.9 | $ | 62.1 | ||||
KELLY SERVICES, INC. AND SUBSIDIARIES
REVENUE FROM SERVICES
(UNAUDITED)
(In millions of dollars)
|
First Quarter (Commercial, PT and OCG) |
||||||||||||||||
|
% Change |
||||||||||||||||
|
Constant |
||||||||||||||||
|
2014 |
2013 |
US$ |
Currency |
|||||||||||||
|
Americas |
||||||||||||||||
|
United States |
$ | 839.9 | $ | 839.5 | 0.0 |
% |
0.0 |
% | ||||||||
|
Canada |
46.7 | 56.0 | (16.6 | ) | (8.9 | ) | ||||||||||
|
Mexico |
30.7 | 30.4 | 0.8 | 5.6 | ||||||||||||
|
Puerto Rico |
25.1 | 23.1 | 8.5 | 8.5 | ||||||||||||
|
Brazil |
15.9 | 18.5 | (13.9 | ) | 0.0 | |||||||||||
|
Total Americas |
958.3 | 967.5 | (1.0 | ) | (0.1 | ) | ||||||||||
|
EMEA |
||||||||||||||||
|
France |
62.8 | 57.3 | 9.7 | 5.6 | ||||||||||||
|
Switzerland |
62.3 | 53.4 | 16.6 | 11.8 | ||||||||||||
|
Russia |
34.9 | 34.5 | 1.2 | 16.6 | ||||||||||||
|
United Kingdom |
27.8 | 25.8 | 7.7 | 1.0 | ||||||||||||
|
Portugal |
26.6 | 17.8 | 49.8 | 43.9 | ||||||||||||
|
Germany |
16.7 | 16.0 | 4.2 | 0.3 | ||||||||||||
|
Italy |
14.9 | 15.1 | (1.3 | ) | (5.0 | ) | ||||||||||
|
Norway |
14.4 | 14.8 | (3.1 | ) | 4.7 | |||||||||||
|
Other |
17.1 | 17.4 | (1.6 | ) | (4.6 | ) | ||||||||||
|
Total EMEA |
277.5 | 252.1 | 10.1 | 8.9 | ||||||||||||
|
APAC |
||||||||||||||||
|
Singapore |
30.3 | 26.1 | 16.1 | 19.0 | ||||||||||||
|
Australia |
26.5 | 32.7 | (19.0 | ) | (6.3 | ) | ||||||||||
|
Malaysia |
16.5 | 16.7 | (0.7 | ) | 6.2 | |||||||||||
|
New Zealand |
12.3 | 11.5 | 7.4 | 7.2 | ||||||||||||
|
Other |
9.4 | 8.2 | 14.7 | 31.4 | ||||||||||||
|
Total APAC |
95.0 | 95.2 | (0.1 | ) | 7.7 | |||||||||||
|
Total Kelly Services, Inc. |
$ | 1,330.8 | $ | 1,314.8 | 1.2 |
% |
2.2 |
% | ||||||||
12