ManpowerGroup (MAN) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 16, 2026 astatine 10:18 AM CDT 50 min read

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Thursday, April 16, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Jonas Prising

• Chief Financial Officer — John McGinnis

• President and Chief Strategy Officer — Becky Frankiewicz

Jonas Prising. Sir, you whitethorn begin.

Jonas Prising: Good morning, and convey you for joining america for our archetypal 4th 2026 league call. our Chief Financial Officer, Jack McGinnis; and our President and Chief Strategy Officer, Becky Frankiewicz, are some with maine today. For your convenience, our prepared remarks are disposable successful the Investor Relations conception of our website astatine manpowergroup.com. I'll statesman with a little overview of the quarter, including however we're seeing conditions germinate crossed our markets, and past I'll stock a fewer updates connected however we're positioning Manpower Group to triumph successful immoderate environment.

Becky volition past supply an update connected however we are driving commercialized excellence and the opportunities for capturing with the eye, followed by Jack who volition locomotion done the elaborate fiscal results and our guidance for the 2nd 4th of 2026. I'll adjacent with a fewer comments earlier we unfastened the enactment for Q&A. And Jack volition present screen the harmless harbor language.

John McGinnis: Good morning, everyone. This league telephone includes forward-looking statements, including statements concerning economical and geopolitical uncertainty, which are taxable to known and chartless risks and uncertainties. These statements are based connected management's existent expectations oregon beliefs. Actual results mightiness disagree materially from those projected successful the forward-looking statements. We presume nary work to update oregon revise immoderate forward-looking statements. Slide 2 of our net merchandise presumption further identifies forward-looking statements made successful this telephone and factors that whitethorn origin our existent results to disagree materially and accusation regarding reconciliation of non-GAAP measures.

Jonas Prising: Thanks, Jack. Our Q1 results bespeak disciplined execution and continued stabilization of gross trends crossed cardinal markets. In the archetypal quarter, we delivered reported revenues of $4.5 cardinal representing an integrated changeless currency maturation of 3%. System-wide revenue, which includes our expanding franchise gross base, was $5 billion. Adjusted EBITDA borderline of 1.4% reflects improving request trends arsenic good arsenic P&L leverage. We're besides encouraged that apical enactment maturation exceeded our expectations, reflecting beardown execution of our commercialized initiatives. We are expanding our caller concern pipeline, expanding lawsuit engagement and proceed to triumph successful the areas wherever maturation is strongest and astir resilient. At the aforesaid time, the manufacturing situation is strengthening, peculiarly crossed Europe.