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Sep 30, 2021
ManpowerGroup Q3 2021 Earnings Report
ManpowerGroup's Q3 2021 results reflected a continued global economic recovery, tempered by supply chain constraints and the ongoing impact of the Delta variant.
Key Takeaways
ManpowerGroup reported a strong third quarter with a 12% increase in revenue and net earnings of $1.77 per diluted share. The company's performance was driven by global demand for skilled talent and the successful acquisition of ettain group.
Revenue increased by 12% (11% on a constant currency basis).
Gross profit margin of 16.6% reflected strong permanent recruitment activity and improved business mix.
Experis reported double digit revenue growth and surpassed pre-pandemic levels.
Talent Solutions experienced double digit revenue growth, exceeding pre-pandemic levels, led by strong growth in RPO and on-going strength in MSP.
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 fourth quarter will be between $1.99 and $2.07, which includes an estimated unfavorable currency impact of 4 cents. The guidance also includes an estimated impact from the ettain group acquisition of 13 cents and excludes acquisition transaction and integration costs.
Positive Outlook
- Anticipated diluted earnings per share between $1.99 and $2.07.
- Includes an estimated impact from the ettain group acquisition of 13 cents.
- Continued global economic recovery.
- Strong demand for skilled talent.
- Leveraging capabilities and workforce solutions expertise.
Challenges Ahead
- Estimated unfavorable currency impact of 4 cents.
- Excludes acquisition transaction and integration costs.
- Supply chain constraints.
- Ongoing impact of the Delta variant in various key markets.
- Tight labor market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income