NYSE$MAN

ManpowerGroup Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

ManpowerGroup's Q1 2022 results reflected good revenue growth, record levels of permanent recruitment activity, and improved profitability.

ManpowerGroup reported a 4% increase in revenue and net earnings of $1.68 per diluted share for Q1 2022. The company experienced strong performance in higher margin brands and repurchased $60 million of common stock.

  • Revenue increased by 4% (10% on a constant currency basis) with a gross profit margin of 17.4%.
  • Experis revenue grew by 31% (15% organic CC) and Talent Solutions revenue grew by 10% (13% CC).
  • EBITA and operating profit margins expanded during the quarter.
  • Earnings per share increased significantly year over year.

Headline financials

Total Revenue

$5.14B

Previous: $4.92B+4.4%
EPS (adj)

$1.88

Previous: $1.11+69.4%
Free Cash Flow

$91.6M

Previous: $62M+47.7%
Net Income

$91.6M

Previous: $62M+47.7%
Operating Income

$139M

Previous: $98.4M+41.0%
Gross Profit

$897M

Previous: $768M+16.8%
Cash & Equivalents

$777M

Previous: $1.52B-49.0%
Total Assets

$9.72B

Previous: $9.24B+5.2%
Stock-Based Comp

$10.6M

Previous: $7.5M+41.3%

Revenue & EPS history

ManpowerGroup · Revenue · Quarterly

$5.14B

Q1 2022+4.4%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

ManpowerGroup anticipates diluted earnings per share in the second quarter will be between $2.31 and $2.39, which includes an estimated unfavorable currency impact of 19 cents. Their guidance excludes expected integration costs ranging from $4 million to $6 million.

Headwinds

  • The second quarter guidance includes an estimated unfavorable currency impact of 19 cents.
  • Guidance excludes expected integration costs ranging from $4 million to $6 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-1.2%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+15.1%

Q4 2025

Best reaction

-19.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+3.6%-15.6%
Q4 2025+15.1%+20.2%-3.4%
Q3 2025-6.8%-9.6%-24.7%
Q2 2025-1.4%+1.1%-8.1%
Q1 2025-19.1%-13.4%-11.2%
Q4 2024+0.5%-2.3%-4.6%
Q3 2024-12.2%-15.4%-17.0%
Q2 2024-3.7%-3.1%-4.5%
Q1 2024+6.8%+9.1%+9.7%
Q4 2023-3.1%-3.2%-5.7%
Q3 2023-1.6%-3.0%+5.8%
Q2 2023-12.3%-8.8%-13.2%
Q1 2023-6.2%-5.8%-8.3%
Q4 2022+2.4%+4.5%-2.7%
Q3 2022+5.2%+5.9%+18.5%
Q2 2022-1.5%-4.8%+1.1%
Q1 2022+8.1%+4.1%+0.8%
Q4 2021+2.2%+2.3%-3.4%
Q3 2021-8.0%-10.1%-12.4%
Q2 2021-1.4%+1.1%+6.3%
Q1 2021+4.8%+9.8%+9.3%
Q4 2020-0.4%+1.2%+5.9%
Q3 2020-1.4%+4.2%+20.9%
Q2 2020-0.8%-1.2%+4.3%
Q1 2020+8.0%+11.0%+15.5%
Q4 2019-1.5%+3.8%-19.2%
Q3 2019+4.3%+5.0%+8.7%
Q2 2019-0.5%+1.3%-5.8%
Q1 2019+10.3%+11.7%+5.8%
Q4 2018+2.9%+4.0%+11.2%
Q3 2018-2.5%-5.8%+1.2%
Q2 2018+5.6%+7.9%+2.5%
Q1 2018-15.8%-19.1%-20.0%
Q4 2017-11.2%-8.5%-9.8%
Q3 2017-1.3%+0.4%+2.8%
Q2 2017-8.9%-10.9%-9.2%
Q1 2017+1.6%-0.6%-1.3%
Q4 2016+2.8%+4.3%+3.3%
Q3 2016+8.0%+7.5%+17.2%
Q2 2016+2.2%+2.0%+2.1%
Q1 2016-5.0%
Q4 2015+0.8%
Q3 2015-4.4%
Q2 2015-2.5%
Q1 2015-1.6%
Q4 2014+9.9%
Q3 2014+1.5%
Q2 2014-1.1%
Q1 2014+6.3%
Q4 2013-1.8%
Q3 2013+1.3%
Q2 2013+6.5%
Q1 2013+2.9%
Q4 2012+6.1%
Q3 2012+9.0%
Q2 2012-9.2%
Q1 2012+0.8%
Q4 2011+2.3%
Q3 2011-3.0%
Q2 2011-5.4%
Q1 2010-0.2%
Q1 2011+2.0%
Q4 2008+3.2%
Q4 2010+3.2%
Q3 2009+1.3%
Q3 2010+1.3%
Q2 2009+1.3%
Q2 2010-2.7%
Q4 2009-2.7%

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