This presentation contains statements, including statements regarding economic uncertainty, the global recovery, financial and labor outlook, the Company's strategic initiatives, the anticipated results of the ettain acquisition, the Experis brand's positioning for future growth, as well as the potential impacts of the COVID- 19 pandemic and the Company's efforts to respond to such impacts, that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding the Company's expected future results. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2020, which information is incorporated herein by reference.
The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at manpowergroup.com.
October 19, 2021
ManpowerGroup | Third Quarter 2021 Results
2
ManpowerGroup 2021 Third Quarter Results
Consolidated Financial Highlights
As
As
Q3 Financial Highlights
Reported
Adjusted(1)
12%
12%
Revenue $5.1B
11% CC
11% CC
80 bps
80 bps
Gross Margin 16.6%
144%
38%
Operating Profit $151M
144% CC
37% CC
($162M as adjusted)
160 bps
60 bps
OP Margin 2.9%
(3.2% as adjusted)
NM(2)
61%
EPS $1.77
60% CC
($1.93 as adjusted)
Excludes the impact of restructuring charges of $5.3M ($4.0 net of tax), and $6.2M ($4.8 net of tax) of acquisition transaction costs in Q3 2021; while Q3 2020 excludes the impact of restructuring charges of $49.9M ($42.1 net of tax), $5.8M ($5.2M net of tax) loss from dispositions of subsidiaries and a discrete tax item of $12M.
Variances are not meaningful.
October 19, 2021
ManpowerGroup | Third Quarter 2021 Results
3
ManpowerGroup 2021 Third Quarter Results
EPS Bridge - Q3 vs. Guidance Midpoint
October 19, 2021
ManpowerGroup | Third Quarter 2021 Results
4
ManpowerGroup 2021 Third Quarter Results
Consolidated Gross Margin Change
October 19, 2021
ManpowerGroup | Third Quarter 2021 Results
5
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ManpowerGroup Inc. published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 12:11:02 UTC.
ManpowerGroup Inc. is a workforce solutions company. The Company's workforce solutions and services include recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting. The Company's portfolio of recruitment services includes permanent, temporary and contract recruitment of professionals, as well as administrative, industrial and information technology (IT) professional positions. These services are provided under its Manpower and Experis brands. Its Talent Solutions brand specializes in the delivery of customized workforce strategies and new solutions and creating added value that addresses its clientsâ complex global workforce needs. Its Talent Solutions combine global offerings of recruitment process outsourcing (RPO), TAPFIN - Managed Service Provider (MSP) and right management to provide data-driven capabilities that help organizations with their workforce transformation.
MANPOWERGROUP INC. 
