SAFE HARBOR STATEMENT Q1 2023 This release contains statements that are forward lookingin natureand,accordingly, are subjecttorisks and uncertainties. The principal important risk factors that could cause our actualperformanceand future eventsand actions to differ materially fromsuch forward-lookingstatements include, but are notlimited to, changing market and economic conditions, the impact ofthe novel coronavirus (COVID-19) outbreak, competitive market pressures including pricing and technology introducti ...

Kelly Services, Inc. (NASDAQ:KELYA) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Peter Quigley - President, CEO & Director Olivier Thirot - EVP & CFO Conference Call Participants Joseph Gomes - NOBLE Capital Markets Kevin Steinke - Barrington Research Associates Jack Boyle - Northcoast Research Mitra Ramgopal - Sidoti & Company Operator Good morning, and welcome to the Kelly Services' Fourth Quarter Full Year 2022 Earnings Conference Call. [Operator Instructions]. Today ...

t 【 ® Fourth Quarter 2022 Takeaways. demand continues while broader staffing demand decelerates amid inflationary pressures in constant currency(1) bps favorable impact from the acquisition of RocketPower and Pediatric Therapeutic unfavorable impact from the sale of our Russian operations gross profit growth reflecting a GP rate of 20.3% up 60 bps year- permanent placement fees decelerate Near-term steps to capitalize on continued demand for specialty talent and build Focused on high demand specialties and ...

Financial Data and Key Metrics Changes - For Q3 2022, revenue totaled $1.2 billion, down 2.3% from the prior year on a reported basis, which includes 260 basis points of unfavorable currency impact [23] - Gross profit was up 5.1% on a reported basis or 7.6% in constant currency, with a gross profit rate of 20.6% for the quarter compared to 19.2% in Q3 of last year, reflecting a 140 basis point improvement [32] - Reported loss from operations for Q3 was $21.4 million, while adjusted earnings from operations were $9.5 million, up 21% on a constant currency basis compared to Q3 of 2021 [39] Business Line Data and Key Metrics Changes - SET segment revenue was up 5%, driven by strong demand in telecom and technology specialties [25] - Education segment revenue grew 57% on a reported basis, with organic growth at 45%, reflecting robust demand and improved fill rates [26] - OCG segment revenue was up 5% on a reported basis, while organic constant currency revenue was flat, impacted by customer exits [28] - Professional and Industrial segment revenue declined 10% year-over-year, with staffing products down 14% [29] - International segment revenue declined 16% on a nominal basis but showed 7% organic constant currency growth when excluding Russian operations [31] Market Data and Key Metrics Changes - The company experienced a mixed pattern of deceleration in some industries and resiliency in others, particularly in financial services, insurance, and healthcare [12][14] - The high-tech industry saw a reduction in full-time hiring, impacting demand for RocketPower services, which experienced an 11% revenue decline year-over-year [37] Company Strategy and Development Direction - The company is focused on a flexible and balanced capital allocation strategy, including a $50 million share repurchase program [8] - There is a commitment to advancing specialty growth and value creation through strategic acquisitions and integration efforts [20][68] - The company aims to capture more value from RocketPower by diversifying its portfolio and accelerating integration activities [11] Management's Comments on Operating Environment and Future Outlook - Management noted that economic uncertainty is likely to impact the P&I and International businesses, while demand for SET, OCG, and education services is expected to remain steady [57] - The company anticipates continued challenges related to talent supply inflation and upward pressure on wages [58] - Management expressed confidence in the company's specialization strategy and its ability to adapt to market changes [69] Other Important Information - The company incurred a goodwill impairment charge of $30.7 million related to RocketPower due to reduced demand in the high-tech vertical [37] - Cash totaled $122 million at the end of Q3, compared to $44 million a year ago, with no debt reported [45] Q&A Session Summary Question: What is the company doing to attract talent in the current market? - Management highlighted efforts to attract talent through various channels, including social media and engaging retirees [76] Question: What caused the operating loss in the Education segment? - The operating loss was attributed to seasonality, as schools were just starting to open during Q3 [80] Question: Can you provide details on the integration of RocketPower? - Management indicated that the integration involves pivoting operations to other industries and leveraging existing customer relationships [95] Question: How does the company view the M&A pipeline? - The company continues to focus on high-margin, high-growth specialties, although the current M&A pipeline is less attractive than in the past [102] Question: What is the outlook for gross profit margins? - Management expects continued structural improvement in gross profit margins driven by a higher specialty mix, despite a slowdown in fee business growth [119]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) ----------------------- ...

ecl We've made It' a priority. ്ല്യം EquityAtWork.com Kelly Nasdaq Q2 2022 August 11, 2022 SAFE HARBOR STATEMENT This release contains statements that are forward looking innature and, accordingly, are subject to risksand uncertainties. The principal important riskfactors that could cause our actual performance and future events and actions to differmaterially from such forward- lookingstatements include, but are not limited to, changing market and economic conditions, the impact ofthe novel coronavirus (CO ...

Kelly Services, Inc. (NASDAQ:KELYA) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Peter Quigley - President, CEO & Director Olivier Thirot - EVP & CFO Conference Call Participants Kartik Mehta - Northcoast Research Partners Lalishwar Ramgopal - Sidoti & Company Joseph Gomes - NOBLE Capital Markets Kevin Steinke - Barrington Research Associates Operator Good morning, and welcome to Kelly Services' Second Quarter Earnings Conference Call. [Operator Instructions]. Today's cal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-1088 KELLY SERVICES, INC. --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Kelly Services, Inc. (NASDAQ:KELYA) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Peter Quigley - President & CEO Olivier Thirot - CFO Conference Call Participants Kevin Steinke - Barrington Research Joe Gomes - NOBLE Capital Operator Good morning, and welcome to Kelly Services' First Quarter Earnings Conference Call. All parties will be on listen-only until the question-and-answer portion of the presentation. Today's call is being recorded at the request of Kelly Services. I ...