ManpowerGroup Q4 2022 Earnings Report
Key Takeaways
ManpowerGroup reported Q4 2022 revenues of $4.8 billion, an 11% decrease year-over-year, and net earnings of $0.95 per diluted share, compared to $2.02 in the prior year. The quarter's results included restructuring and integration costs, along with special items that reduced earnings per share by $1.13. Excluding these costs, earnings per share was $2.08, an 8% increase in constant currency.
Revenues decreased by 11% as reported, or 1% in constant currency, totaling $4.8 billion.
Gross profit margin increased by 100 basis points year over year to 18.2%, driven by business mix progress and strong permanent recruitment trends.
Talent Solutions experienced good revenue growth, fueled by RPO and Right Management.
Experis and Manpower revenue trends were affected by the softening environment in Europe and North America.
ManpowerGroup
ManpowerGroup
ManpowerGroup Revenue by Geographic Location
Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the first quarter will be between $1.61 and $1.71, which includes an estimated unfavorable currency impact of 15 cents.
Revenue & Expenses
Visualization of income flow from segment revenue to net income