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Mar 31, 2022
ManpowerGroup Q1 2022 Earnings Report
ManpowerGroup's Q1 2022 results reflected good revenue growth, record levels of permanent recruitment activity, and improved profitability.
Key Takeaways
ManpowerGroup reported a 4% increase in revenue and net earnings of $1.68 per diluted share for Q1 2022. The company experienced strong performance in higher margin brands and repurchased $60 million of common stock.
Revenue increased by 4% (10% on a constant currency basis) with a gross profit margin of 17.4%.
Experis revenue grew by 31% (15% organic CC) and Talent Solutions revenue grew by 10% (13% CC).
EBITA and operating profit margins expanded during the quarter.
Earnings per share increased significantly year over year.
Revenue by Geographic Location
Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the second quarter will be between $2.31 and $2.39, which includes an estimated unfavorable currency impact of 19 cents. Their guidance excludes expected integration costs ranging from $4 million to $6 million.
Challenges Ahead
- The second quarter guidance includes an estimated unfavorable currency impact of 19 cents.
- Guidance excludes expected integration costs ranging from $4 million to $6 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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