Kelly Services Inc. (NASDAQ:KELYA) Q4 2023 Earnings Call Transcript February 15, 2024 9:00 AM ET
Company Participants
Peter Quigley - President, CEO & Director
Olivier Thirot - Executive VP & CFO
Conference Call Participants
Joe Gomes - Noble Capital
Kevin Steinke - Barrington Research
Kartik Mehta - Northcoast Research
Marc Riddick - Sidoti
Operator
Good morning, and welcome to Kelly Services Fourth Quarter Earnings Conference Call. All parties will be in a 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 fourth 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, Kailey. Hello, everyone, and welcome to Kelly's fourth 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.
Finally, the slide deck that we're using on today's call is available on our website.
With that, let's get started. In a moment, I'll invite our Chief Financial Officer, Olivier Thirot, to share our results for the fourth quarter. I'll then share my reflections on what has been a transformative year defined by decisive action and rapid progress on our growth and efficiency objectives. Finally, we'll provide our preliminary expectations for 2024, before taking your questions.
With that, I'll turn the call over to Olivier.
Olivier Thirot
Thank you, Peter, and good morning, everybody. Before I provide more details on our Q4 results, some brief comments on our full year performance first. Full year revenue was down 2.6% as reported or 3.2% on a constant currency basis. This reflects the challenging staffing market conditions we saw across a wide range of specialties and geographies.