On April 20, Manpower
- Revenue grew by 17%, as sales from Manpower France, the largest division, increased by 33%.
- The company's shares hit an all-time high of $83.15 after the staffing firm reported strong Q1 results and issued robust Q2 guidance.
- Net profit more than doubled because of operating expense control, favorable foreign currency rates, and a decline in shares outstanding.
- Manpower carries a two-star rating in Motley Fool CAPS, while fellow staffer Kforce
(NASDAQ:KFRC) has a five-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$4,535.6 |
$3,877.2 |
17.0% |
|
Net Profit* |
$59.5 |
$29.5 |
101.7% |
|
EPS |
$0.69 |
$0.33 |
109.1% |
|
Diluted Shares |
86.5 |
88.7 |
(2.5%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
17.6% |
17.9% |
(0.2) |
|
Operating Margin |
2.3% |
1.6% |
0.7 |
|
Net Margin |
1.3% |
0.8% |
0.6 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$727.3 |
$554.5 |
31.2% |
|
Accounts Rec. |
$3,775.2 |
$3,162.2 |
19.4% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$939.2 |
$793.0 |
18.4% |
|
Long-Term Debt |
$800.5 |
$485.7 |
64.8% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$102.8 |
$74.5 |
38.0% |
|
Capital Expenditures* |
$21.8 |
$22.4 |
(2.7%) |
|
Free Cash Flow |
$81.0 |
$52.1 |
55.5% |
Free cash flow is a Fool's best friend.
Related Foolishness:
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- New Manager for Monster
- Foolish Forecast: Hailing Heidrick & Struggles
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
