ManpowerGroup Q4 2021 Earnings Report
Key Takeaways
ManpowerGroup reported a 6% revenue increase (9% constant currency) in Q4 2021. Net earnings per diluted share were $2.02, compared to $1.33 in the prior year period. Revenues for the fourth quarter were $5.4 billion, a 6% increase from the prior year period.
Revenue increased by 6% (9% on a constant currency basis), with a gross profit margin of 17.2%.
All brands recorded revenue growth, Experis grew by 33%, Talent Solutions by 10%, and Manpower by 1%.
EBITA and operating profit margins expanded due to improved business mix and operating leverage.
The company repurchased $60 million of common stock and paid down $75 million of debt related to the ettain acquisition.
ManpowerGroup
ManpowerGroup
ManpowerGroup Revenue by Geographic Location
Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the first quarter will be between $1.56 and $1.64, which includes an estimated unfavorable currency impact of 10 cents. Our guidance excludes ettain integration costs ranging from $4 million to $6 million and the expected loss on sale of our Russia business of $8 million.
Challenges Ahead
- Diluted earnings per share in the first quarter will be between $1.56 and $1.64.
- Includes an estimated unfavorable currency impact of 10 cents.
- Excludes ettain integration costs ranging from $4 million to $6 million
- Excludes the expected loss on sale of our Russia business of $8 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income