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Dec 31, 2022
ManpowerGroup Q4 2022 Earnings Report
ManpowerGroup's Q4 2022 earnings were impacted by a softening demand environment, particularly in Europe and North America, with strategic investments continuing in strong markets and financial discipline exercised in slower demand areas.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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