This presentation contains statements, including statements regarding economic uncertainty, the global recovery, financial outlook, the Company's strategic initiatives and technology investments and its positioning for future growth, as well 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.
April 20, 2021
ManpowerGroup | First Quarter 2021 Results
2
ManpowerGroup 2021 First Quarter Results
Consolidated Financial Highlights
As
Q1 Financial Highlights
Reported
As Adjusted(1)
7%
7%
Revenue $4.9B
1% CC
1% CC
10 bps
10 bps
Gross Margin 15.6%
161%
14%
Operating Profit $98M
146% CC
8% CC
120 bps
10 bps
OP Margin 2.0%
NM(2)
35%
EPS $1.11
28% CC
Excludes the impact of prior year items consisting of restructuring costs of $48.2M ($40.2 net of tax) and the impact of a non-cash pension settlement expense of $10.2M ($6.3 net of tax) recorded in interest and other expenses below operating profit.
Variances are not meaningful.
April 20, 2021
ManpowerGroup | First Quarter 2021 Results
3
ManpowerGroup 2021 First Quarter Results
EPS Bridge - Q1 vs. Guidance Midpoint
April 20, 2021
ManpowerGroup | First Quarter 2021 Results
4
ManpowerGroup 2021 First Quarter Results
Consolidated Gross Margin Change
April 20, 2021
ManpowerGroup | First Quarter 2021 Results
5
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ManpowerGroup Inc. published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 12:07:10 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.