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Sep 30, 2022
ManpowerGroup Q3 2022 Earnings Report
ManpowerGroup's Q3 2022 results reflected continued improvements in business mix and demand for services amidst global uncertainty.
Key Takeaways
ManpowerGroup reported revenues of $4.8 billion, a 7% decrease year-over-year, but a 5% increase on a constant currency basis. Net earnings were $111.3 million, or $2.13 per diluted share, compared to $97.7 million, or $1.77 per diluted share in the prior year. Excluding integration costs, earnings per share was $2.21 per diluted share.
Revenues were $4.8 billion, down 7% as reported, but up 5% on a constant currency basis.
Gross profit margin was 18.3%, reflecting improved business mix and strength of permanent recruitment fees.
EBITA and operating profit margins improved year-over-year.
Higher margin Experis and Talent Solutions brands experienced strong revenue performance.
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 $2.11 and $2.19, which includes an estimated unfavorable currency impact of 38 cents. Their guidance excludes expected integration costs ranging from $3 million to $5 million.
Challenges Ahead
- Diluted earnings per share in the fourth quarter includes an estimated unfavorable currency impact of 38 cents.
- Guidance excludes expected integration costs ranging from $3 million to $5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income