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Jun 30, 2022
ManpowerGroup Q2 2022 Earnings Report
ManpowerGroup's Q2 2022 results reflected a decrease in revenue but an increase in net earnings per share.
Key Takeaways
ManpowerGroup reported a decrease in revenue of 4% as reported but an increase of 6% on a constant currency basis. Net earnings per diluted share increased to $2.29 compared to $2.02 in the prior year period. The results were impacted by currency changes and integration costs from the U.S. Experis acquisition.
Revenues of $5.1 billion (-4% as reported, +6% constant currency (CC)).
Gross profit margin of 18.2%, aided by high levels of permanent recruitment activity.
Continued strong performance of higher margin brands with significant revenue growth in Experis and Talent Solutions.
Improved profitability with expanded EBITA and operating profit margins.
ManpowerGroup
ManpowerGroup
ManpowerGroup Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comOther Americas Revenue
CapyFin.comFrance Revenue
CapyFin.comItaly Revenue
CapyFin.comOther Southern Europe Revenue
CapyFin.comNorthern Europe Revenue
CapyFin.comAPME Revenue
CapyFin.com Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the third quarter will be between $2.19 and $2.27, which includes an estimated unfavorable currency impact of 29 cents. The guidance excludes expected integration costs ranging from $4 million to $6 million.
Positive Outlook
- Labor markets remain very solid and demand for talent is strong.
- Strong ongoing demand in permanent recruitment services.
- Strong demand in RPO and MSP Talent Solution offerings.
- Strong demand in Experis IT resourcing and solutions.
- Strong demand across Manpower Specializations.
Challenges Ahead
- Sectors in Europe where present-day supply-chain disruptions are impacting business, particularly in the automotive industry.
- Estimated unfavorable currency impact of 29 cents in Q3.
- Expected integration costs ranging from $4 million to $6 million in Q3.
- Monitoring sectors in Europe where present-day supply-chain disruptions are impacting our business.
- Persistent level of talent shortage represents a significant opportunity for our business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income