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Dec 31, 2021
ManpowerGroup Q4 2021 Earnings Report
ManpowerGroup's Q4 2021 results reflected growth in higher margin offerings and improved business mix, leading to better operating leverage.
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
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 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