ManpowerGroup Q1 revenue $4.8B (-8% YoY); EPS $1.51; guides Q2 $1.58-$1.68

ManpowerGroup Inc.

2023-Q1 EPS reported $1.51 revenue$4,752,300,000

Net earnings $77.8M ($1.51 diluted EPS); adjusted EPS $1.61 excluding $0.10 restructuring charge.
Revenue $4.8B, down 8% as reported (-2% constant currency); gross profit margin 18.2%, up 80 bps.
Free cash flow $111M; repurchased $30M of common stock during the quarter.
Q2 2023 diluted EPS guidance of $1.58 to $1.68, including ~$0.03 unfavorable currency impact.
Demand softening in U.S. and Europe; employers hiring selectively while retaining existing staff.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ManpowerGroup Inc. reported the three months ended March 31, 2023 results: revenue $4.8 billion, net income $77.8 million, EPS $1.51 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $4.8 billion
Net income: $77.8 million
EPS: $1.51 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Nick Hengst +1.414.906.7356 nicholas.hengst@manpowergroup.com ManpowerGroup Reports 1 st Quarter 2023 Results • Revenues of $4.8 billion (-8% as reported, -2% constant currency (CC)) • Gross profit margin of 18.2%, up 80 basis points year over year reflecting continued strong pricing discipline and increased

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Source: SEC EDGAR

accession 0000950170-23-013572

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