Kelly Services, Inc. (NASDAQ:KELYA) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET
Company Participants
Peter Quigley - President and CEO
Olivier Thirot - CFO
Conference Call Participants
Kartik Mehta - Northcoast Research
Joe Gomes - Noble Capital
Kevin Steinke - Barrington Research
Mitra Ramgopal - Sidoti
Operator
Good morning and welcome to Kelly Services' Second Quarter Earnings Conference Call. All parties will be in a listen-only mode until the question-and-answer session of the call. Today's call is being recorded at the request of Kelly Services. If anyone has any objections, you may disconnect at this time. A second quarter webcast presentation is also available on Kelly's website for this morning's call.
I would now like to turn the meeting over to your host, Mr. Peter Quigley, President and CEO. Please, go ahead.
Peter Quigley
Thank you, Lois. Hello, everyone, and welcome to Kelly's second quarter conference call. Before we begin, I'll walk you through our safe harbor language, which can be found in our presentation materials. As a reminder, any comments made during this call, including the Q&A may include forward-looking statements about our expectations for future performance. Actual results could differ materially from those suggested by our comments and we have no obligation to update the statements made on this call. Please refer to our SEC filings for a description of the risk factors that could influence the company's actual future performance.
In addition, during the call, certain data will be discussed on a reported and on an adjusted basis. Discussion of items on an adjusted basis are non-GAAP financial measures designed to give insight into certain trends in our operations. References to organic growth in our discussion today exclude the impact of the 2022 sale of our Russian operations. Finally, the slide deck we are using on today's call is available on our website.
We have a lot to cover today. So, let's get started. In a moment, I'll invite Olivier Thirot, our Chief Financial Officer to provide details on our financial results for the second quarter. We'll spend the rest of our time providing an update on the transformation initiative I announced in May that is designed to significantly improve Kelly's EBITDA margin and accelerate profitable growth. Specifically, we will review the aggressive actions we've taken, their immediate impact on our EBITDA margin, and our expectations for margin improvement going forward.
With that, I will turn the call over to Olivier.