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Will Grinman

Research Analyst at Northcoast Research

Will Grinman is an Equity Research Analyst at Northcoast Research, specializing in coverage of workforce solutions companies such as Kelly Services Inc. His role involves direct analytical contributions to earnings calls and generating actionable research insights for institutional investors. Grinman began his career at Northcoast Research, where he focuses on fundamental analysis and sector-specific trends, leveraging the firm's proprietary research processes for superior investment performance. He maintains professional credentials required for equity research analysts, including FINRA registration and relevant securities licenses.

Will Grinman's questions to KELLY SERVICES (KELYA) leadership

Question · Q4 2024

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.

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