ManpowerGroup Reports 1st Quarter 2022 Results

  • Good 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 quarter
  • Significant growth in earnings per share year over year
  • Company repurchased $60 million of common stock during the quarter; reduced incremental acquisition debt from $75 million to $50 million

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