Kelly Services, Inc. (NASDAQ:KELYA) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET

Company Participants

Peter Quigley - President & Chief Executive Officer

Olivier Thirot - Chief Financial Officer

Conference Call Participants

Joe Gomes - NOBLE Capital

Kevin Steinke - Barrington Research

Kartik Mehta - Northcoast Research

Mitra Ramgopal - Sidoti

Operator

Ladies and gentlemen, thank you for standing by. Good morning, and welcome to Kelly Services Third Quarter Earnings Conference Call. All parties will be on a listen-only mode until the question-and-answer portion of the presentation. Today's call is being recorded at the request of Kelly Services. If anyone has any objections, you may disconnect at this time. A third quarter webcast presentation is also available on the 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, Leah. Hello, everyone, and welcome to Kelly Services third quarter conference call. With me today is Olivier Thirot, our Chief Financial Officer, who will walk you through our Safe Harbor language, which can be found in our presentation materials.

Olivier Thirot

Thank you, Peter, and good morning, everyone. 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 metrics in our discussion today excludes the results of RocketPower and Pediatric Therapeutic Services or PTS, both of which we acquired earlier this year.

In addition, our organic metrics exclude the results of our Russian operations following the completion of the sale transaction this quarter. Finally, the slide deck that we are using on today's call is available on our website.

And now back to you, Peter.

Peter Quigley

Thanks, Olivier. Before I turn to Kelly's quarterly results, I'd like to address to developments that were highlighted in today's press release. First, yesterday, Kelly's Board of Directors authorized a one-year $50 million repurchase of outstanding Class A common shares.