Stock Monitor: Heidrick & Struggles Intl. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 4, 2018 / If you want access to our free earnings report on ManpowerGroup Inc. (NYSE: MAN) all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MAN. The Company posted its financial results on April 20, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The leading American global workforce solutions Company surpassed the estimated revenue numbers for Q1 FY18. In addition, the Company raised its guidance for Q2 FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Heidrick & Struggles International, Inc. (NASDAQ: HSII), which also belongs to the Services sector as the Company ManpowerGroup. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ManpowerGroup most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
ManpowerGroup's total revenues grew 16% to $5.52 billion in Q1 FY18 compared to $4.76 billion in the prior year's same period, primarily due to an improvement in operating metrics and favorable foreign currency movements. The Company's revenue numbers for the reporting quarter exceeded market expectations of $5.38 billion.
For Q1 FY18, ManpowerGroup reported a gross profit of $885.4 million versus $787.8 million in the year-earlier comparable quarter.
During Q1 FY18, ManpowerGroup earned a net income of $97.0 million compared to $74.4 million in the year-ago corresponding period. This marked an increase of 30% in net income in the reported quarter compared to Q1 FY17.
The Company reported an increase in earnings per share (EPS) of 32% to $1.46 in the reported quarter compared to $1.10 in Q1 FY17.
ManpowerGroup operates through five segments, namely (i) Americas; (ii) Southern Europe; (iii) Northern Europe; (iv) APME; and (v) Right Management.
ManpowerGroup's Americas segment's revenues declined 0.3% to $1.02 billion in Q1 FY18 versus $1.03 billion in Q1 FY17, due to lower revenues from its Experis and ManpowerGroup Solutions business. The segment's operating unit profit (OUP) was $42.9 million in Q1 FY18 versus $38.7 million in the year-ago same quarter, reflecting an increase of 10.9%.
ManpowerGroup's Southern Europe segment's revenues increased 28.2% to $2.31 billion in the reported quarter compared to $1.80 billion in Q1 FY17, due to a growth in permanent recruitment and strong businesses across France and Italy. During Q1 FY18, the segment's OUP increased 19.9% to $97.7 million compared to $81.5 million in Q1 FY17.
ManpowerGroup's Northern Europe segment's revenues were $1.42 billion in Q1 FY18 versus $1.24 billion in the prior year's comparable quarter. This marked an increase of 14.4% in the reported quarter, primarily driven by a strong growth in Poland, Finland, and Russia. The segment's OUP grew 40.7% to $16.6 million in Q1 FY18 versus $11.8 million in Q1 FY17.
ManpowerGroup's APME segment generated total revenues of $720.2 million in Q1 FY18 compared to $632.4 million in Q1 FY17. This represented an increase of 13.9%, backed by a growth in India, China, and other APME countries like Taiwan, Malaysia, and Singapore. The segment's OUP increased 28.4% to $25.9 million in Q1 FY18 compared to $20.1 million in Q1 FY17.
ManpowerGroup's Right Management segment's revenues declined 10.6% to $50 million in Q1 FY18 compared to $56.0 million in Q1 FY17, primarily due to reduced career placement activities. The segment's OUP decreased 27% to $6.4 million in Q1 FY18 compared to $8.8 million in the year-ago corresponding quarter.
As of March 31, 2018, ManpowerGroup's cash and cash equivalents stood at $552.2 million compared to $724.4 million as of March 31, 2017.
The Company used $58.4 million of cash in its operating activities in the reported quarter compared to $191 million in Q1 FY17.
During Q1 FY18, the Company reported a negative free cash flow of $71 million versus positive $180 million in the year-ago same quarter.
Guidance for Q2 FY18
The Company targets to raise its total revenues by 13% to 15% on a y-o-y basis for the upcoming quarter. In addition, for Q2 FY18, ManpowerGroup is expecting revenues to increase by 2% in the Americas segment; to jump by 20% to 22% in the Southern Europe segment; to grow by 14% to 16% in the Northern Europe segment; and to be up by 11% to 13% in the APME segment; but to drop by 3% to 5% in the Right Management segment.
ManpowerGroup anticipates EPS to be in the range of $2.33 - $2.41 for Q2 FY18.
Stock Performance Snapshot
May 3, 2018 - At Thursday's closing bell, ManpowerGroup's stock fell 1.38%, ending the trading session at $94.98.
Volume traded for the day: 650.22 thousand shares.
After yesterday's close, ManpowerGroup's market cap was at $6.32 billion.
Price to Earnings (P/E) ratio was at 13.06.
The stock has a dividend yield of 1.96%.
The stock is part of the Services sector, categorized under the Staffing & Outsourcing Services industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.