ManpowerGroup (MAN) Tops Q1 EPS by 41c
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ManpowerGroup Reports 1st Quarter 2022 Results
April 19, 2022 7:30 AM EDTGood revenue growth and record levels of permanent recruitment activity, resulting in 4% revenue increase (10% constant currency (CC)) and gross profit margin of 17.4%Strong performance of higher margin brands during the quarter with Experis recording 31% revenue growth (15% organic CC) and Talent Solutions 10% revenue growth (13% CC). Manpower delivered solid growth (-2% as reported; +5% organic CC)Improved profitability with expanded EBITA and operating profit margins during the quarterSignificant growth in earnings per share year over yearCompany repurchased $60 million of common stock during the quarter; reduced incremental acquisition debt from $75 million to $50... More
