ManpowerGroup Inc. (MAN) Q1 2020 Earnings Call Transcript

ManpowerGroup Inc. (MAN) Q1 2020 Earnings Call Transcript

And now I will turn the call over to ManpowerGroup Chairman and CEO, Jonas Prising.. Jonas Prising -- Chairman & Chief Executive Officer. On the call with me today is our Chief Financial Officer, Jack McGinnis.. On a reported basis, operating profit for the first quarter was $38 million, down 63% in constant currency.. Excluding restructuring charges from both years, operating profit was $86 million for the quarter, a decrease of 39% in constant currency.. Reported operating profit margin came in at 0.8%, down 130 basis points in constant currency from the prior year, and after excluding the restructuring charges, operating profit margin was 1.9%, down 100 basis points from the prior year.. Excluding the special charges, our earnings per share was $0.82 for the quarter, representing a decrease of 39% in constant currency.. Acquisitions offset the impact of dispositions in the quarter and did not have a significant impact on the revenue trend in the quarter, and more billing days this year contributed to about 1% of additional revenue.. Our revenue trend during the quarter on a billings day adjusted basis included a monthly year-over-year constant currency revenue decline of 17% in March.. Our first quarter performance resulted in