PART I - FINANCIAL INFORMATION [Item 1 – Financial Statements (Unaudited)](index=3&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for ManpowerGroup Inc., including the balance sheets, statements of operations, comprehensive income (loss), cash flows, and shareholders' equity, along with detailed notes explaining the basis of presentation, accounting policies, and specific financial items for the three months ended March 31, 2022 and 2021 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) | Metric | March 31, 2022 (in millions) | December 31, 2021 (in millions) | Change (in millions) | % Change | | :-------------------------------- | :----------------------------- | :------------------------------ | :------------------- | :------- | | Cash and cash equivalents | $777.3 | $847.8 | $(70.5) | -8.3% | | Total current assets | $6,369.5 | $6,422.7 | $(53.2) | -0.8% | | Total assets | $9,721.1 | $9,828.9 | $(107.8) | -1.1% | | Total current liabilities | $5,697.2 | $5,780.5 | $(83.3) | -1.4% | | Total shareholders' equity | $2,556.1 | $2,531.7 | $24.4 | 1.0% | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) | Metric (in millions, except per share data) | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | Change (in millions) | % Change | | :------------------------------------------ | :-------------------------------- | :-------------------------------- | :------------------- | :------- | | Revenues from services | $5,143.3 | $4,924.4 | $218.9 | 4.4% | | Gross profit | $897.1 | $768.1 | $129.0 | 16.8% | | Operating profit | $138.7 | $98.4 | $40.3 | 40.9% | | Net earnings | $91.6 | $62.0 | $29.6 | 47.8% | | Net earnings per share – basic | $1.71 | $1.12 | $0.59 | 52.7% | | Net earnings per share – diluted | $1.68 | $1.11 | $0.57 | 51.4% | [Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) | Metric (in millions) | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | Change (in millions) | | :------------------- | :-------------------------------- | :-------------------------------- | :------------------- | | Net earnings | $91.6 | $62.0 | $29.6 | | Total other comprehensive loss | $(10.2) | $(40.5) | $30.3 | | Comprehensive income | $81.4 | $21.5 | $59.9 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) | Metric (in millions) | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | Change (in millions) | | :------------------- | :-------------------------------- | :-------------------------------- | :------------------- | | Cash provided by operating activities | $70.6 | $140.9 | $(70.3) |\n| Cash used in investing activities | $(18.6) | $(19.1) | $0.5 |\n| Cash used in financing activities | $(95.8) | $(106.0) | $10.2 |\n| Change in cash and cash equivalents | $(70.5) | $(44.4) | $(26.1) |\n| Cash and cash equivalents, end of period | $777.3 | $1,522.7 | $(745.4) | [Consolidated Statements of Shareholders' Equity](index=7&type=section&id=Consolidated%20Statements%20of%20Shareholders%27%20Equity) | Metric (in millions) | Balance, December 31, 2021 | Net earnings | Other comprehensive loss | Issuances under equity plans | Share-based compensation expense | Repurchases of common stock | Noncontrolling interest transactions | Balance, March 31, 2022 | | :------------------- | :------------------------- | :----------- | :----------------------- | :--------------------------- | :------------------------------- | :-------------------------- | :----------------------------------- | :---------------------- | | Total Shareholders' Equity | $2,531.7 | $91.6 | $(10.2) | $(8.3) | $10.6 | $(59.9) | $0.6 | $2,556.1 | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) [(1) Basis of Presentation and Accounting Policies](index=8&type=section&id=(1)%20Basis%20of%20Presentation%20and%20Accounting%20Policies) - The financial statements are condensed and omit certain disclosures per SEC rules, but are deemed adequate, with adjustments being normal recurring in nature[28](index=28&type=chunk)[29](index=29&type=chunk) - Allowance for doubtful accounts is estimated based on historical write-off experience, age of receivables, market conditions, and specific reviews[30](index=30&type=chunk) | Allowance for Doubtful Accounts (in millions) | Three Months Ended March 31, 2022 | | :------------------------------------------ | :-------------------------------- | | Balance, December 31, 2021 | $121.6 | | Provisions charged to earnings | $2.8 | | Write-offs | $(1.4) | | Translation adjustments | $(2.2) | | Balance, March 31, 2022 | $120.8 | - Goodwill impairment tests are performed annually in the third quarter or more frequently if circumstances change, with the 2021 test finding no impairment, but the Netherlands reporting unit's **$109.2 million goodwill** had a fair value only **5.5% in excess of its carrying value**, indicating potential future impairment if operating targets are not met[35](index=35&type=chunk)[37](index=37&type=chunk)[38](index=38&type=chunk) [(2) Recent Accounting Standards](index=9&type=section&id=(2)%20Recent%20Accounting%20Standards) - New FASB guidance on government assistance disclosures became effective January 1, 2022, with no impact on financial statements[40](index=40&type=chunk) - New FASB guidance on accounting for contract modifications due to LIBOR transition was effective upon issuance (March 2020) and has had no material impact[41](index=41&type=chunk) - New FASB guidance on business combinations, effective January 1, 2023, is not expected to have a material impact[42](index=42&type=chunk) [(3) Revenue Recognition](index=10&type=section&id=(3)%20Revenue%20Recognition) - Revenue is recognized over time for certain client contracts based on the right to invoice, corresponding to value provided[44](index=44&type=chunk) - Deferred revenue was **$33.5 million** as of March 31, 2022, down from **$34.8 million** as of December 31, 2021[47](index=47&type=chunk) Revenue Disaggregation by Service Type and Segment (Three Months Ended March 31) | Segment / Service Type | 2022 (in millions) | 2021 (in millions) | | :--------------------- | :----------------- | :----------------- | | Americas Total | $1,251.2 | $1,002.9 | | Southern Europe Total | $2,193.9 | $2,160.3 | | Northern Europe Total | $1,094.5 | $1,133.8 | | APME Total | $618.2 | $627.4 | | Consolidated Total | $5,143.3 | $4,924.4 | Revenue Disaggregation by Timing of Recognition and Segment (Three Months Ended March 31) | Segment / Timing of Recognition | 2022 (in millions) | 2021 (in millions) | | :------------------------------ | :----------------- | :----------------- | | Services transferred at a point in time (Total) | $5,020.8 | $4,829.9 | | Services transferred over time (Total) | $137.0 | $94.5 | | Consolidated Total | $5,143.3 | $4,924.4 | [(4) Share-Based Compensation Plans](index=11&type=section&id=(4)%20Share-Based%20Compensation%20Plans) - Share-based compensation expense increased to **$10.6 million** in Q1 2022 from **$7.5 million** in Q1 2021[51](index=51&type=chunk) | Share-Based Awards (thousands) | Q1 2022 Shares Granted | Q1 2022 Wtd.-Avg. Fair Value | Q1 202

Financial Data and Key Metrics Changes - In Q1 2022, revenue was $5.1 billion, up 10% year-over-year in constant currency or 6% in organic constant currency [8][11] - EBITA for the quarter was $148 million, adjusted EBITA was $162 million, reflecting growth of 64% in constant currency year-over-year [9][11] - Reported EBITA margin was 2.9%, and adjusted EBITA margin was 3.1%, above the adjusted EBITA margin from Q1 2019 [11] - Earnings per diluted share was $1.68 on a reported basis and $1.88 on an adjusted basis, with adjusted EPS increasing 78% year-over-year in constant currency [11][20] Business Line Data and Key Metrics Changes - On an organic constant currency basis, the Manpower brand reported revenue growth of 5%, Experis brand reported 15% growth, and Talent Solutions brand reported 13% growth [22] - Gross profit margin was 17.4%, with contributions from various segments including a 90-basis-point improvement from permanent recruitment [24][27] - The Manpower brand comprised 57% of gross profit, Experis 28%, and Talent Solutions 15% [26] Market Data and Key Metrics Changes - The Americas segment comprised 24% of consolidated revenue, with revenue in the quarter at $1.3 billion, a 26% increase in constant currency [30] - U.S. revenue was $889 million, representing a 44% days-adjusted increase or 13% organically [31] - Southern Europe revenue comprised 43% of consolidated revenue, growing 8% in constant currency [38] - Revenue in Japan grew 14% in days-adjusted constant currency, leading the APME segment [46] Company Strategy and Development Direction - The company continues to execute its DDI strategy focusing on Diversification, Digitization, and Innovation [14] - The Experis IT resourcing, Talent Solutions, and Manpower permanent recruitment businesses had a strong quarter, improving the business mix [14] - The company is investing in technology to enhance client and candidate experiences and expanding its skilled talent pool through programs like Manpower MyPath [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted strong hiring intentions in major markets despite geopolitical uncertainties, with requests for skilled workers at record highs [12][13] - The company anticipates ongoing underlying improvement and revenue growth in the U.S. in the range of 46% to 50% year-over-year for Q2 [36] - Management expressed confidence in the growth opportunities despite challenges in specific sectors like automotive due to supply chain issues [12][13][96] Other Important Information - Free cash flow in Q1 was $52 million, down from $128 million in the prior year [49] - The company repurchased 578,000 shares for $60 million during the quarter [50] - The balance sheet ended with cash of $777 million and total debt of $1.06 billion, resulting in a net debt position of $287 million [50] Q&A Session Summary Question: Economic cycle outlook considering recent geopolitical events - Management observed extremely tight labor markets and strong demand for talent across various sectors, indicating potential for continued economic expansion [69][70] Question: Impact of Russia-Ukraine conflict on guidance - Most impacts observed were related to pandemic effects, with some disruption noted in the automotive sector [75][76] Question: Insights on France's economic situation amid elections - Management noted strong underlying demand in France, with expectations for continued recovery despite slight slowdowns in specific sectors [79][80] Question: Auto sector exposure in France and Germany - Auto sector represents about 5% of overall revenues, with Germany having a higher concentration at around 30% [84][85] Question: Intra-quarter trends across major regions - France and Germany experienced some slowdowns due to supply chain issues, while the UK remained stable with good margin performance [106][108] Question: Potential impacts of recent China lockdowns - Management indicated that any supply chain impacts from China lockdowns would likely be temporary and would not cancel demand [112][113] Question: Wage inflation trends in the U.S. - Management noted strong GP margin expansion in both Experis and Manpower, with indications that wage inflation may have peaked [119][120] Question: Temporary employment legislation in Spain - Proposed legislation is expected to have a neutral to positive impact on the business, providing opportunities in sectors previously less accessible [122][124]

Data Classification Level April 19, 2022 ManpowerGroup First Quarter Results ManpowerGroup 2022 First Quarter Results FORWARD-LOOKING STATEMENT This presentation contains statements, including statements regarding economic uncertainty, the Russia-Ukraine war and other geopolitical uncertainty, financial and labor outlook, the Company's strategic initiatives and technology investments, the impact of the Mexican labor regulation, and the potential impacts of the COVID-19 pandemic and the Company's efforts to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: For the fiscal year ended December 31, 2021 OR 100 MANPOWER PLACE, MILWAUKEE, WISCONSIN 53212 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (414) 961-1000 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of Exchange on which ...

ManpowerGroup Inc. (NYSE:MAN) Q4 2021 Earnings Conference Call February 1, 2022 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Steinerman - J.P. Morgan Jeffrey Silber - BMO Capital Markets Hamzah Mazari - Jefferies Kevin McVeigh - Credit Suisse Mark Marcon - Robert W. Baird George Tong - Goldman Sachs Tobey Sommer - Truist Securities Operator Welcome to the ManpowerG ...

1007 | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | ManpowerGroup Fourth Quarter Results February 1, 2022 | | | | | ManpowerGroup 2021 Fourth Quarter Results FORWARD-LOOKING STATEMENT | --- | |----------------------------------------------------------------------------------------------------------| | | | This presentation contains statements, including statements regarding economic | | uncerta ...

FORM 10-Q (Mark One) United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: September 30, 2021 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) | Wisconsin | 39-1672779 | | -- ...

ManpowerGroup Inc. (NYSE:MAN) Q3 2021 Results Conference Call October 19, 2021 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - JP Morgan Chase Jeff Silber - BMO Capital Markets Hamzah Mazari - Jefferies Kevin McVeigh - Credit Suisse Mark Marcon - Baird Tobey Sommer - Truist Gary Bisbee - Bank of America Securities George Tong - Goldman Sachs Operator Welcome to the ManpowerGroup Thir ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: June 30, 2021 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) | Wisconsin | 39-1672779 | | --- | --- | | (Sta ...

ManpowerGroup Inc. (NYSE:MAN) Q2 2021 Results Conference Call July 20, 2021 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - JPMorgan Jeff Silber - BMO Capital Markets Mario Cortellacci - Jefferies Mark Marcon - Baird Kevin McVeigh - Credit Suisse Jasper Bibb - Truist Securities Gary Bisbee - Bank of America Securities Manav Patnaik - Barclays George Tong - Goldman Sachs Operator Welc ...