This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manpower's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Growth in our permanent recruitment business remains positive in the quarter, up 5% over the prior-year in constant currency. We experienced strong growth in recruitment fees in the Americas and Southern Europe with modest contraction in Northern Europe and Asia-Pacific, Middle East segments. Permanent recruitment fees as a percent of overall gross profit expanded 60 basis points to 13.5%.

SG&A cost decreased from $772 million in the first quarter of last year to $754 million this year. Of this reduction, $60 million relates to the change in exchange rates between periods and $8 million related to cost savings from the reorganizational plan we put in place in the fourth quarter of last year. As we recall, we took a charge of $20.5 million in the fourth quarter, we are already exceeding the savings expected under that plan.

Read the rest of this transcript for free on

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs