Earnings release
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ManpowerGroup ManpowerGroup Reports 1st Quarter 2021 Results April 20 , 2021 - 7 % revenue increase in the quarter ( 1 % increase on a constant currency basis ) - All three of our brands experienced sequential quarterly improvement in year - over - year revenues , led by Manpower and Talent Solutions both with growth in the quarter and Experis with ongoing improvement in the revenue trend - Operating profit of $ 98 million in the quarter , a reported increase of 161 % year - over - year ( 8 % increase in constant currency excluding restructuring charges in the prior year ) - $ 100 million of common stock repurchased during the quarter - Accounts receivable collection trend improving further , ended the quarter with almost four days of DSO improvement year - over - year MILWAUKEE , April 20 , 2021 / PRNewswire / -- ManpowerGroup ( NYSE : MAN ) today reported net earnings of $ 1.11 per diluted share for the three months ended March 31 , 2021 compared to $ 0.03 per diluted share in the prior year period . Net earnings in the quarter were $ 62.0 million compared to $ 1.7 million a year earlier . Revenues for the first quarter were $ 4.9 billion , a 7 % increase from the prior year period . Financial results in the quarter were also impacted by the weaker U.S. dollar relative to foreign currencies compared to the prior year period . Earnings per share in the quarter were positively impacted by 6 cents due to changes in foreign currencies compared to the prior year . On a constant currency basis , revenues increased 1 % compared to the prior year period . Excluding the prior year impacts of restructuring costs and a pension settlement charge , on a constant currency basis , net earnings per diluted share increased 28 % during the quarter . Days Sales Outstanding improved by 3.7 days year over year reflecting our continued focus on collections and working capital efficiency . Jonas Prising , ManpowerGroup Chairman & CEO , said , " Our first quarter results reflect a continuation of the global recovery coupled with a strong execution of our strategic initiatives . Despite increased restrictions in many key markets , we saw improving momentum for all of our brands . The combination of technology investments and our people - first approach is allowing us to confidently manage global uncertainty , deliver locally and collaborate remotely . We are pleased with the progress made during the first quarter of 2021 and remain confident that our Diversification , Digitization and Innovation initiatives are positioning ManpowerGroup for greater profitable growth in the future . We anticipate diluted earnings per share in the second quarter will be between $ 1.36 and $ 1.44 , which includes an estimated favorable currency impact of 10 cents . " In conjunction with its first quarter earnings release , ManpowerGroup will broadcast its conference call live over the Internet on April 20 , 2021 at 7:30 a.m. CST ( 8:30 a.m. EST ) . Prepared remarks for the conference call are included within the Investor Relations section of our website at manpowergroup.com . Interested parties are invited to listen to the webcast and view the presentation by logging on to http://investor.manpowergroup.com/ in the section titled " Investor Relations . " Supplemental financial information referenced in the conference call can be found at http://investor.manpowergroup.com/ . About ManpowerGroup ManpowerGroup® ( NYSE : MAN ) , the leading global workforce solutions company , helps organizations transform in a fast - changing world of work by sourcing , assessing , developing and managing the talent that enables them to win . We develop innovative solutions for hundreds of thousands of organizations every year , providing them with skilled talent while finding meaningful , sustainable employment for millions of people across a wide range of industries and skills . Our expert family of brands - Manpower , Experis and Talent Solutions - creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years . We are recognized consistently for our diversity - as a best place to work for Women , Inclusion , Equality and Disability and in 2021 ManpowerGroup was named one of the World's Most Ethical Companies for the 12th year -all confirming our position as the brand of choice for in - demand talent . Forward - Looking Statements This news release 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 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 . ManpowerGroup Results of Operations ( In millions , except per share data ) Three Months Ended March 31