KELYA - Kelly Services (KELYA) - Calling All Workers

2Q22. Revenue of $1.267.3 billion was up 0.7% year-over-year (2.7% in constant currency). Consensus was $1.28 billion and we were at $1.29 billion. Kelly reported operating earnings of $8.2 million ($22.3 million adjusted) compared to $13.7 million a year ago. We were at $23 million. GAAP EPS was $0.06 compared to $0.60. Adjusted EPS for the second quarter was $0.45 versus $0.49 last year. We had projected adjusted EPS of $0.49.Demand for Talent. Demand for talent remains high, even in the face of economic uncertainty. We would highlight a 33.2% y-o-y increase in permanent placement fees, typically a more sensitive barometer of demand. The Company continues to explore a multitude of ways to supply the demanded talent to its clients. Read More >>