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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.
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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