Will Grinman's questions to Kelly Services Inc (KELYA) leadership • Q4 2024
Question
Will Grinman from Northcoast Research asked whether the increase in Q4 staffing revenue was driven more by demand or pricing, and requested insights on how demand for both permanent and temporary staffing progressed throughout the quarter.
Answer
CFO Troy Anderson clarified that strong staffing demand was most prominent in the Professional & Industrial (P&I) segment, driven by its omnichannel and large account strategies. He noted P&I staffing revenue grew 3.7% with consistent performance during Q4, while the SET segment's staffing decline of 5% was consistent with Q3, though its outcome-based solutions showed improvement.