Kelly Services, Inc. (NasdaqGS:KELY.A) will look for inorganic growth. During the company?s fourth quarter earnings conference call, Olivier Thirot, Chief Financial Officer said that ?So, when combining our strong balance sheet with our existing borrowing capacity, we continue to have ample capital available to fund our organic and inorganic strategy and navigate an uncertain market environment?. Mr. Peter W. Quigley, President and Chief Executive Officer said that ?We unlocked additional value-creating opportunities, entering an agreement to sell our European staffing business and unlocking more than $100 million in capital to redeploy in pursuit of organic and inorganic growth?.
Kelly Services, Inc. is a specialty talent and workforce solutions provider operating throughout the world. The Company operates through five segments: Professional & Industrial (P&I), Science, Engineering & Technology (SET), Education, Outsourcing & Consulting Group (OCG) and International. P&I segment delivers staffing, outcome-based and permanent placement services, providing administrative, accounting and finance, light industrial and contact center staffing and other workforce solutions in the United States and Canada. The SET segment delivers staffing, outcome-based and permanent placement services focused on science and clinical research, engineering, technology and telecommunications specialties. Its OCG segment delivers talent solutions including managed service provider (MSP), payroll process outsourcing (PPO), recruitment process outsourcing (RPO), and talent advisory services. International segment also delivers RPO talent solutions within its local markets.