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 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 turn the meeting over to your host, Mr. Peter Quigley, President and CEO. Please go ahead.

Peter Quigley

Thank you, Art. Hello, everyone, and welcome to Kelly Services' Second 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. 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 results of our 2022 acquisitions of RocketPower and Pediatric Therapeutic Services or PTS. RocketPower is included in our consolidated results of operations for the full quarter.

And PTS, since the May 2 acquisition date, in Q2, we did pass the April 2021 anniversary of our acquisition of Softworld and the results of Softworld are included in our organic growth metrics beginning in Q2 2022. 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. As our second quarter came to a close, it marked the second anniversary of Kelly's optimized operating model, a design that has proven to be a powerful enabler of our specialty strategy. We created 5 reporting segments arranged by specialty, each laser focused on growth and each staff with market-leading experts who are identifying and executing new opportunities for high-margin growth.