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. If anyone has any objections, you may disconnect at this time. A first 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, sir.
Peter Quigley
Thank you, Steve. Hello, everyone, and welcome to Kelly Service's first 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 growth in our discussion today exclude the results of our Q2 2021 acquisition of Softworld. While we did complete our acquisition of RocketPower in the first quarter, which Peter will talk more about shortly, we'll be consolidating their operating results on a one-month lag. So while our balance sheet and cash flows include the initial impact of the acquisition, we'll start seeing the positive P&L impact of RocketPower in Q2.
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. It's been an exceptionally productive start to the year, and Kelly's first quarter performance provided substantial evidence that our strategy is paying off. We achieved significant year-over-year improvement in revenue. We grew GP in every one of our five segments.