Gross profit – Stormbirds http://stormbirds.net/ Tue, 17 May 2022 13:20:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormbirds.net/wp-content/uploads/2021/07/icon-2021-07-05T151758.466-150x150.png Gross profit – Stormbirds http://stormbirds.net/ 32 32 Industrial Nanotech Inc. realizes Stellar https://stormbirds.net/industrial-nanotech-inc-realizes-stellar/ Tue, 17 May 2022 13:20:10 +0000 https://stormbirds.net/industrial-nanotech-inc-realizes-stellar/ Revenue of $3M Revenue growth of 678% T/T Net profit of $1.6 million 60% gross profit margin BROOMFIELD, Colo., May 17, 2022 (GLOBE NEWSWIRE) — through InvestorWire – Industrial Nanotech, Inc. (Pink leaves: INTK). Despite strong economic headwinds, global nanoscience solutions and research leader Industrial Nanotech, Inc. reported outstanding financial results for the first quarter […]]]>
  • Revenue of $3M
  • Revenue growth of 678% T/T
  • Net profit of $1.6 million
  • 60% gross profit margin

BROOMFIELD, Colo., May 17, 2022 (GLOBE NEWSWIRE) — through InvestorWire – Industrial Nanotech, Inc. (Pink leaves: INTK). Despite strong economic headwinds, global nanoscience solutions and research leader Industrial Nanotech, Inc. reported outstanding financial results for the first quarter ended March 31, 2022. The company posted record revenue of $3 million for the March quarter, up 678% from the prior quarter (December 31, 2021) of $385,793; the most positive result ever recorded in the company’s history.

Stuart Burchill, CEO of Industrial Nanotech, said, “We delivered an outstanding performance in the first quarter with record revenue profitability, driven by strong demand and excellent execution at all levels of the business. Revenue of $3 million was a remarkable achievement for the company, supported by strong sales trends and customer demand throughout the period. This is an important milestone for us as we move towards our sustainability goal of becoming carbon neutral in our supply chain and all of our products by 2030.”

Despite the current economic climate, Industrial Nanotech, Inc. continues to show strong financial performance, in part due to its unique business model and products. The key distinguishing attributes of this model, which include innovation, creating new technologies, launching new brands and products, and engaging with customers and shareholders, will only grow stronger as time goes on. time as the company grows and produces more products and solutions.

“The results for this quarter demonstrate Industrial Nanotech’s ability to create the best products and solutions for our customers, as well as our focus on innovation. We are pleased to see strong customer demand for our products and solutions,” added Burchill.

First Quarter Financial Highlights

Net income increased to $1.6 million from a net loss of $297,181 in the fourth quarter of fiscal 2021.
· Gross profit increased to $1.8 million from $189,516 in the fourth quarter of fiscal 2021. Gross profit margin was 60% of net revenue.
· Operating expenses of $195,350 million were recorded compared to $474,681 in the fourth quarter of fiscal 2021.
$3.2 million in accounts receivable was recorded, compared to $269,542 as of December 31, 2021.
· An increase in equity of $865,061 (compared to $799,565 for the fourth quarter of 2022).

Focus on a growing revenue stream

The company expects total revenue for the second quarter of fiscal 2022 to exceed $6 million, representing 100% growth.

Mr. Burchill added: “As we move forward, we are raising our expectations for higher revenues and profits. Our objective and our strategy are clear. We are extremely forward-looking to double our revenues in the second quarter of fiscal 2022 and repeat this pattern in the third and fourth quarters of 2022. We will focus on growth by investing in R&D and advanced technologies, by hiring experienced and skilled talent, creating opportunities for our employees to learn and develop, and strengthening our supply chain and operational efficiency. With the right business strategy, experienced people and an innovative business platform, we continue to build on our success and deliver long-term sustainable and profitable growth. I am proud of our enthusiastic and motivated team – we are looking forward and excited for a successful 2022 financial year. »

Additionally, a share buyback will take place beginning June 1, 2022. The company has a pink stream listing and intends to list on a senior exchange in 2023.

AAbout Industrial Nanotech, Inc.

Industrial Nanotech, Inc. is a global leader in the development of nanoscience solutions and products. To see www.industrial-nanotech.com and the Company’s subsidiary at www.syneffex.com for more information.

Safe Harbor Statement

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions and the ability to attract and retain qualified personnel. The Company undertakes no obligation to revise/update any forward-looking statements to reflect events or circumstances that may occur after the date of this release.

Contact us:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com


]]>
3 hard-hit engineering and construction stocks to buy right now https://stormbirds.net/3-hard-hit-engineering-and-construction-stocks-to-buy-right-now/ Sun, 15 May 2022 12:55:08 +0000 https://stormbirds.net/3-hard-hit-engineering-and-construction-stocks-to-buy-right-now/ Amid rising raw material costs, supply chain constraints and labor shortages, the engineering and construction industry has taken a hit over the past few months. However, with a steady increase in spending in the construction sector and rising federal investments, the industry should rebound soon. Given this growth prospect, adding hard-hit quality engineering and construction […]]]>

Amid rising raw material costs, supply chain constraints and labor shortages, the engineering and construction industry has taken a hit over the past few months. However, with a steady increase in spending in the construction sector and rising federal investments, the industry should rebound soon. Given this growth prospect, adding hard-hit quality engineering and construction stocks EMCOR (EME), MYR Group (MYRG) and Argan (AGX) might be a good idea.


shutterstock.com – StockNews

The engineering and construction industry has suffered from a variety of headwinds, including soaring raw material costs, labor shortages and worsening supply chain issues aggravated by war. Russian-Ukrainian. This has led to massive sales over the past few months. However, this industry is expected to experience significant growth this year, driven by increased spending on construction projects.

The engineering and construction industry is gearing up for a big move towards connected building capabilities by increasing its investments in digital. Additionally, the Infrastructure Investment and Employment Act is expected to boost the growth of engineering and construction companies in the long run.

In this environment, it could be profitable to buy the drop in fundamentally sound engineering and construction stocks like EMCOR Group, Inc. (EME), MYR Group Inc. (MYRG) and Argan, Inc. (AGX).

EMCOR Group, Inc. (EME)

EME provides electrical and mechanical engineering, industrial and energy infrastructure and construction services in the US and UK. The company provides design, installation, operation, maintenance, electrical and lighting systems for premises, fire protection and extinguishing systems, plumbing and piping systems for high purity, control and filtration systems, cranes and rigging, millwright services and construction services.

Last month, EME announced that its board had authorized a new share buyback program to repurchase up to an additional $200 million of its outstanding common stock. The company had nearly $88.70 million remaining under previous share buyback authorizations on April 22. This new share buyback program could strengthen the shareholder value of the company.

EME’s board of directors declared a regular quarterly cash dividend of $0.13 per share in the same month. The dividend was paid on April 29 to shareholders. The dividend payment consistently reflects the company’s strong capital base and consistent cash generation.

In the first quarter of Fiscal 2022 ended March 31, 2022, EME revenue increased 12.5% ​​year-over-year to $2.59 billion, while Total Operations segment revenue in United States rose 13% year-on-year to $2.46 billion. Its gross profit improved 3.4% from the previous year’s value to $352.56 million. Additionally, the company’s net periodic retirement income increased 28.7% year over year to $1.17 million.

Analysts expect EME EPS to rise 7.6% year-over-year to $7.60 for its fiscal year 2022, ending December 2022. It topped consensus EPS estimates in three of the last four quarters. The consensus revenue estimate of $10.62 billion for the current year represents a 7.2% increase over the prior year. Additionally, the company has exceeded consensus revenue estimates in each of the past four quarters.

The stock is down 20.4% year-to-date and 15.2% over the past year. It closed yesterday’s trading session at $101.37.

EME POWR Rankings reflect this promising prospect. It has an overall rating of B, which is equivalent to Buy in our proprietary rating system. POWR ratings rate stocks on 118 different factors, each with its own weighting.

EME has a B rating for value, stability, and quality. In category B Industrial -Services industry, it is ranked #9 out of 91 stocks.

To view additional POWR (momentum, growth and sentiment) ratings for EME, Click here.

MYR Group Inc. (MYRG)

MYRG provides electrical construction services in the United States and Canada. The Company operates through two segments: Transmission and Distribution; and commercial and industrial. The Transmission and Distribution segment provides a wide range of services on electricity transmission and distribution networks and substation facilities. Its Commercial and Industrial segment offers a range of services, including the design, installation and repair of industrial wiring, and the installation of traffic networks, roadway lighting, bridges and tunnels.

On May 5, MYRG announced a new share buyback program that allows the company to repurchase up to $75 million of its outstanding common stock. “We are committed to creating value for all MYR Group shareholders and channeling capital into investments that generate strong returns. Today’s announcement reflects the board’s confidence in the company’s long-term strategy and our belief that our shares represent an attractive long-term investment opportunity,” said Rick Swartz, chairman and CEO of MYRG.

In January, MYRG’s Canadian subsidiary, MYR Group Construction Canada, Ltd. acquired all of the issued and outstanding shares in the capital stock of Powerline Plus Ltd. and its affiliate. Powerline Plus companies bring a high quality workforce and a strong management team that provides excellent customer service. The addition of Powerline Plus Companies to MYRG will strengthen its Transmission & Distribution segment’s service offerings and expand the company’s market position.

MYRG’s contract revenue increased 7.4% year-over-year to $636.62 million in the first quarter of fiscal 2022 ended March 31, 2022. Its gross profit improved 4. 6% year-on-year to $80.49 million. His EBITDA was $39.56 million for the first quarter. The company’s net profit and earnings per share were $20.69 million and $1.21, respectively, indicating a year-over-year increase of 3.8% and 3.4%. . In addition, net cash flow from financing activities amounted to $37.97 million.

The consensus revenue estimate of $719.07 million for the third quarter of fiscal 2022 ending September 2022 represents a growth of 17.8% over the same value in 2021. Not surprisingly that MYRG has exceeded consensus earnings estimates in three of the last four quarters. The consensus EPS estimate of $1.44 indicates a 20.3% year-over-year increase for the fourth quarter, ending December 2022. Additionally, it topped consensus EPS estimates at during each of the last four quarters.

MYRG shares are down 23.9% year-to-date and 26.3% over the past six months. It closed yesterday’s trading session at $84.10.

MYRG’s strong fundamentals are reflected in its POWR ratings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.

Within the B-rated Industrial – Services sector, it is ranked No. 32 out of 91 stocks. To view additional POWR (Momentum, Quality, Value, Stability, Sentiment, and Growth) ratings for MYRG, Click here.

Argan, Inc. (AGX)

AGX focuses on the engineering, procurement and construction of natural gas power plants and renewable energy facilities. In addition, it provides commissioning, operations management, maintenance, project development, technical and consulting services to the power generation and renewable energy markets through its Gemma Power Systems operations. and Atlantic Projects Company. The company operates through Power Industry Services; Industrial manufacturing and field services; and telecommunications infrastructure services.

Last month, AGX announced that its board of directors had approved an increase in the company’s existing share buyback program from $50 million to $75 million. The company is committed to an organized capital allocation strategy that balances returning capital to its shareholders and investing in the business to accelerate growth. With this development, AGX should create greater value for shareholders.

During the fourth quarter of fiscal 2022 ended January 31, 2022, AGX’s revenue increased 7.1% year over year to $125.57 million. The company’s gross profit was $22.23 million for the fourth quarter. His other net income rose 577.9% year over year to $983,000. Additionally, its cash and cash equivalents and current assets were $350.47 million and $507.28 million, respectively, as of January 31.

Analysts expect AGX’s revenue for fiscal 2023 ending January 2023 to be $565.15 billion, an 11% year-over-year increase. Street expects the company’s EPS to reach $3.48 for fiscal 2024, recording a 32.6% increase over last year. The company has an impressive earnings track record, beating consensus EPS estimates in three of the past four quarters.

The stock has plunged 20% in the past six months and 24.4% in the past year. It closed yesterday’s trading session at $35.86.

AGX’s POWR ratings reflect this strong outlook. It has an overall rating of B, which is equivalent to Buy in our proprietary rating system.

AGX has an A rating for quality and a B for sentiment. In category B Industrial – Building Materials industry, it is ranked No. 13 out of 48 stocks.

To view additional POWR (Growth, Momentum, Value, and Stability) ratings for AGX, Click here.


EME shares were trading at $102.62 per share on Friday morning, up $1.25 (+1.23%). Year-to-date, the EME is down -19.27%, compared to a -15.18% rise in the benchmark S&P 500 over the same period.


About the Author: Mangeet Kaur Bouns

Mangeet’s keen interest in the stock market led her to become an investment researcher and financial journalist. Using its fundamental approach to stock analysis, Mangeet seeks to help retail investors understand the underlying factors before making investment decisions.

After…

The post office 3 hard-hit engineering and construction stocks to buy right now appeared first on StockNews.com

]]>
Three-month interim report (Q1) 2022 https://stormbirds.net/three-month-interim-report-q1-2022/ Thu, 12 May 2022 05:30:00 +0000 https://stormbirds.net/three-month-interim-report-q1-2022/ ALK reports Q1 revenue 11% growth with tablet sales up 24% and profits up 20% (unaudited) ALK posted strong financial performance in the first quarter, with revenue up 11% and tablets as the main driver of growth with sales up 24%. Sales growth and efficiencies led to further improvement in gross margin, and operating profit […]]]>

ALK reports Q1 revenue 11% growth with tablet sales up 24% and profits up 20% (unaudited)

ALK posted strong financial performance in the first quarter, with revenue up 11% and tablets as the main driver of growth with sales up 24%. Sales growth and efficiencies led to further improvement in gross margin, and operating profit (EBITDA) increased by 20%. ALK’s financial outlook for 2022 is maintained.

First Quarter 2022 Financial Highlights

  • Total revenue grew by 11% organically in local currencies to DKK 1,155 million (1,021).
  • Currencies had a positive effect of 2 percentage points, resulting in reported growth of 13%.
  • Tablet sales increased by 24% to DKK 583 million (466) thanks to widespread growth, particularly in Japan, and tablets now account for 50% of overall sales.
  • Combined sales of SCIT and SLIT-drops increased 2% on strong growth in international markets, particularly China, while sales of other products decreased 5%.
  • Gross margin improved by 2 percentage points to 64% driven by sales growth and efficiency.
  • Operating profit (EBITDA) increased by 20% in reported currency to DKK 272 million (226), mainly driven by strong sales growth and improved gross margin, while R&D expenditure and sales and marketing increased as expected.
  • Free cash flow was DKK 38 million (86) impacted by changes in working capital.

Key events and strategic advances

ALK continued to make good progress on its strategic priorities and remained robust in the face of other challenges. In the 1st trimester:

  • ALK has received a clinical trial waiver from the Chinese authorities, allowing ALK to submit a registration dossier for its dust mite allergy tablet in 2022, without finalizing the suspended local phase III trial.
  • ALK is finalizing plans for early clinical development of its peanut allergy tablet and expects to initiate a phase I trial soon.
  • ALK has established an exclusive license agreement with Dr. Reddy’s Laboratories which will lead to the future introduction of ALK’s dust mite tablet in India.
  • As expected, COVID continued to somewhat distort allergy markets in the first quarter, with infections once again restricting the ability and willingness of allergy patients to seek treatment to varying degrees, particularly in some European markets.


2022 financial outlook maintained

Based on the performance of the first three months and the forecast for the rest of the year, ALK maintains its outlook for the full year:

  • Revenue is expected to grow another 8-12% in local currencies, with tablet sales up around 20%.
  • EBITDA is expected to further increase to DKK 625-725 million (2021: DKK 534 million) driven by sales growth, gross margin improvement and efficiency gains.

Horsholm, May 12, 2022

ALK-Abelló A/S

Comparative figures for 2021 are indicated in parentheses. Turnover ggrowth rates are expressed in local currenciesUnless otherwise stated

For more information, contact:
Investor Relations: Per Plotnikof, tel. +45 4574 7527, mobile +45 2261 2525
Media: Jeppe Ilkjaer, mobile +45 3050 2014

Today, ALK is hosting a conference call for analysts and investors at 1h30 afternoon (CEST) during which management will provide an update on the financial results and outlook. The conference call will be broadcast in audio on https://ir.alk.net where the relevant presentation is available shortly before the start of the call. Please call before 1.25 afternoon (CEST). Danish participants should call at tel. +45 3544 5577 and international participants should call tel. +44 333 300 0804 or +1 631 913 1422. Please use the participant’s PIN: 67379541#.

]]>
Apple’s services business has never been bigger https://stormbirds.net/apples-services-business-has-never-been-bigger/ Sun, 08 May 2022 13:55:00 +0000 https://stormbirds.net/apples-services-business-has-never-been-bigger/ Apple (AAPL 0.47%) recently announced strong second quarter results, but its third quarter may not be as strong. Speaking during the company’s earnings call on April 29, Chief Financial Officer Luca Maestri said supply constraints will have a bigger impact this quarter compared to the previous quarter. Additionally, exchange rate headwinds will test revenue growth […]]]>

Apple (AAPL 0.47%) recently announced strong second quarter results, but its third quarter may not be as strong. Speaking during the company’s earnings call on April 29, Chief Financial Officer Luca Maestri said supply constraints will have a bigger impact this quarter compared to the previous quarter. Additionally, exchange rate headwinds will test revenue growth and the company will suspend sales to Russia for the entire quarter.

He said services revenue may slow quarter over quarter, but he still expects the segment to grow at a double-digit percentage rate. Facing headwinds for the company’s device sales, the services segment has never been more important for Apple.

Image source: Getty Images.

Back to the second trimester

One thing that caught my eye in Apple’s second quarter financial statements was the continued expansion of gross margin in the services business. Gross margin was around 72.5% in the first half. That’s up from about 69.3% during the same period last year.

In fact, Apple’s second-quarter services gross profit grew more than Apple’s total operating profit. That’s not to say that services are the only source of revenue growth at Apple – device sales have also increased and gross margin has increased – but it certainly has an outsized impact on Apple’s bottom line.

Maestri pointed to several records driving these services’ revenue growth and margin expansion. Apple set new records for App Store, Music, Cloud Services and AppleCare sales. It also set records in the second quarter for video, advertising and payment services.

A big factor in this “advertising” element is the traffic acquisition cost that Google pays Apple to make it Safari’s default search engine. Alphabet (GOOG -0.93%) (GOOGL -0.65%) reported a $2.3 billion year-over-year increase in traffic acquisition costs last quarter. This number generally increases sequentially throughout the year, peaking in the fourth quarter, but then decreasing in the first quarter of the following year. Apple should see its payments from Google boost its ad growth again this year, but it’s something investors need to watch out for.

Strong service business can stabilize the whole operation

More and more of Apple’s service business comes from subscriptions. The company had 825 million subscriptions through its own services and through the App Store at the end of the second quarter. This is 165 million more than 12 months ago. These subscriptions create consistent revenue month after month, quarter after quarter, providing a stabilizing force for Apple’s revenue and profit.

And App Store sales growth accelerated in April and may continue throughout the quarter, Morgan Stanley analyst Katy Huberty said Barrons. She thinks the App Store, one of Apple’s most mature services, could grow 15% year-over-year in the third quarter.

Advertising revenue should continue to grow. Google’s core search business is strengthening this quarter with renewed consumer interest in highly profitable verticals like travel and entertainment. These trends should also benefit Apple’s own ad operations and could impact its deal with Google.

So while Maestri expects supply chain issues to drive lost sales of $4 billion to $8 billion this quarter, the services business could help offset that lost revenue. And since Apple is also increasing its already high gross margin on services, it should be able to continue to increase its operating and net income despite the pressure on device sales.

Apple has spent years building its services business into the significant contributory factor it is today. And with the current macro environment impacting overall results, it’s a good thing CEO Tim Cook has decided to make services a top priority for the tech company.

]]>
MANPOWERGROUP INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q) https://stormbirds.net/manpowergroup-inc-managements-discussion-and-analysis-of-financial-condition-and-results-of-operations-form-10-q/ Fri, 06 May 2022 21:05:07 +0000 https://stormbirds.net/manpowergroup-inc-managements-discussion-and-analysis-of-financial-condition-and-results-of-operations-form-10-q/ See the Financial measures section on page 31 for more information on non-GAAP constant currency and organic constant currency financial measures. Forward-looking statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, […]]]>

See the Financial measures section on page 31 for more information on non-GAAP constant currency and organic constant currency financial measures.

Forward-looking statements


This Quarterly Report on Form 10-Q contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act of 1934, as amended, (each a "forward-looking
statement"). Statements made in this quarterly report that are not statements of
historical fact are forward-looking statements. In addition, from time to time,
we and our representatives may make statements that are forward-looking.
Forward-looking statements are based on management's current assumptions and
expectations and are subject to risks and uncertainties that are beyond our
control and may cause actual results to differ materially from those contained
in the forward-looking statements. Forward-looking statements can be identified
by words such as "expect," "anticipate," "intend," "plan," "may," "believe,"
"seek," "estimate," and other similar expressions. Important factors that could
cause our actual results to differ materially from those contained in the
forward-looking statements include, among others, the risk factors discussed in
Item 1A - Risk Factors in our annual report on Form 10-K for the year-ended
December 31, 2021, which information is incorporated herein by reference. Such
risks and uncertainties include, but are not limited to, the impacts of the
COVID-19 pandemic and related economic conditions and the Company's efforts to
respond to such impacts; volatile, negative or uncertain economic conditions,
including as a result of the Russia-Ukraine War, any sanction, supply chain
disruptions or increased economic uncertainty related to the ongoing conflict;
changes in labor and tax legislation in places we do business; failure to
implement strategic technology investments; and other factors that may be
disclosed from time to time in our SEC filings or otherwise. We caution that any
forward-looking statement reflects only our belief at the time the statement is
made. We undertake no obligation to update any forward-looking statements to
reflect subsequent events or circumstances.

Company overview


Our business is cyclical in nature and is sensitive to macroeconomic conditions
generally. Client demand for workforce solutions and services is dependent on
the overall strength of the labor market and secular trends toward greater
workforce flexibility within each of the segments where we operate. Improving
economic growth typically results in increasing demand for labor, resulting in
greater demand for our staffing services while demand for our outplacement
services typically declines. During periods of increased demand, as we
experienced in the first quarter of 2022, we are generally able to improve our
profitability and operating leverage as our cost base can support some increase
in business without a similar increase in selling and administrative expenses.
By contrast, during periods of decreased demand, our operating profit is
generally impacted unfavorably as we experience a deleveraging of selling and
administrative expenses, which may not decline at the same pace as revenues.

During the first quarter of 2022, changes in the foreign currency exchange rates
had a 5.4% unfavorable impact on revenues from services and an approximately
$0.10 per share unfavorable impact on net earnings per share - diluted in the
quarter. Substantially all of our subsidiaries derive revenues from services and
incur expenses within the same currency and generally do not have cross-currency
transactions, and therefore, changes in foreign currency exchange rates
primarily impact reported earnings and not our actual cash flow unless earnings
are repatriated. To understand the performance of our underlying business, we
utilize constant currency or organic constant currency variances for our
consolidated and segment results.

During the first quarter of 2022, we experienced a 24.8% revenue increase in the
Americas, primarily driven by our acquisition of the ettain group in the United
States in the fourth quarter of 2021, which now operates as part of our Experis
brand, and increased demand for our staffing/interim services. We refer to the
ettain group acquisition as the "Experis acquisition." During the first quarter
of 2022 compared to the first quarter of 2021, revenues increased 1.6% in
Southern Europe due to increased demand in Italy, Switzerland and Israel. In the
first quarter of 2022 compared to the first quarter of 2021, we experienced a
3.5% revenue decrease in Northern Europe, primarily due to unfavorable exchange
rates. We experienced a 1.5% revenue decrease in APME in the first quarter of
2022 primarily due to the unfavorable currency exchange rate impact, partially
offset by the increase in our Manpower staffing/interim and Experis business.

                                       23
--------------------------------------------------------------------------------


From a brand perspective, we experienced revenue decreases in Manpower, and
revenue increases in Experis and Talent Solutions during the three months ended
March 31, 2022 compared to 2021. The revenue decrease in our Manpower brand was
due to unfavorable currency exchange rates. On a constant currency basis,
Manpower brand experienced improved demand for staffing services and an increase
in our permanent recruitment business. In our Experis brand, the revenue
increase was primarily due to the Experis acquisition in the United States,
improved demand for our interim services and an increase in our permanent
recruitment business. On an overall basis, the revenue increase in our Talent
Solutions brand, which includes Recruitment Process Outsourcing (RPO), TAPFIN -
Managed Service Provider (MSP) and our Right Management offerings, was driven
mostly by increased demand for our RPO and MSP services.

Our gross profit margin improved in the first quarter of 2022 compared to the
first quarter of 2021 primarily due to a favorable change in business mix and
growth in higher margin offerings. This is primarily driven by an increase in
our permanent recruitment business of 48.3% (54.8% in constant currency and
51.8% in organic constant currency) during the quarter as a result of stronger
hiring activity during the first quarter of 2022 compared to the first quarter
of 2021.The increase in gross profit margin was also due to the improvement in
our Manpower staffing margins and a higher percentage of revenue mix coming from
our higher-margin consulting and MSP services. These increases were partially
offset by a lower mix of revenues coming from our higher-margin Right Management
career transition business.

We recorded a net loss on the sale of our Russia business of $8.0 million, which
was comprised of a $9.7 million loss in selling and administrative expenses,
offset by a $1.7 million gain in interest and other expenses. We also incurred
acquisition integration costs of $3.7 million in the first quarter of 2022
relating to our Experis acquisition, which closed in the fourth quarter of 2021.

Our operating profit increased 40.9% in the first quarter of 2022 while our
operating profit margin increased 70 basis points compared to the first quarter
of 2021. Excluding the loss of $9.7 million in selling and administrative
expenses from the disposition of our Russia business and acquisition integration
costs of $3.7 incurred in the first quarter of 2022, our operating profit was up
54.6% while operating profit margin was up 100 basis points compared to the
first quarter of 2021. The operating profit margin increased due to the
improvement in our gross profit margin.

We continue to monitor expenses closely to ensure we maintain the benefit of our
efforts to optimize our organizational and cost structures, while investing
appropriately to support the ability of the business to grow in the future and
enhance our productivity, technology and digital capabilities. We are focused on
managing costs as efficiently as possible in the short-term while continuing to
progress transformational actions aligned with our strategic priorities.


                                       24
--------------------------------------------------------------------------------

Results of operations – Quarters ended March 31, 2022 and 2021

The following table presents selected consolidated financial data for the three months ended March 31, 2022 compared to 2021.

Constant

Cash

(in millions, except per share data)     2022          2021         Variance        Variance
Revenues from services                 $ 5,143.3     $ 4,924.4            4.4 %           9.8 %
Cost of services                         4,246.2       4,156.3            2.2 %           7.6 %
Gross profit                               897.1         768.1           16.8 %          22.2 %
Gross profit margin                         17.4 %        15.6 %

Selling and administrative expenses 758.4 669.7 13.2% 18.2% Operating income

                           138.7          98.4           40.9 %          49.3 %
Operating profit margin                      2.7 %         2.0 %
Interest and other expenses, net             2.7           5.4          (50.8 )%
Earnings before income taxes               136.0          93.0           46.3 %          54.7 %
Provision for income taxes                  44.4          31.0           43.2 %
Effective income tax rate                   32.6 %        33.3 %
Net earnings                           $    91.6     $    62.0           47.8 %          56.3 %
Net earnings per share - diluted       $    1.68     $    1.11           51.4 %          60.4 %
Weighted average shares - diluted           54.4          55.7           

(2.3)%

The year-over-year increase in services revenue of 4.4% (9.8% in constant currency and 6.5% in constant currency organic) was attributed to:

a revenue increase in the United States of 46.1% (15.2% on an organic basis)
primarily driven by our Experis acquisition in the fourth quarter of 2021,
increased demand for our staffing/interim services, an increase in our permanent
recruitment business of 89.4% (78.0% on an organic basis), including our RPO
offering, and increased demand for our MSP offering; and

a revenue increase in Southern Europe of 1.6% (8.4% in constant currency).
France, the largest market in Southern Europe, experienced a revenue increase of
0.3% (7.7% in constant currency), which was primarily due to the increased
demand for our Manpower staffing services and a 29.7% increase (39.3% in
constant currency) in the permanent recruitment business. Italy, also part of
Southern Europe, experienced a revenue increase of 10.5% (18.6% in constant
currency), which was primarily due to the increased demand for our Manpower
staffing services and Experis interim services and a 38.7% increase (49.0% in
constant currency) in the permanent recruitment business; partially offset by

a revenue decrease in Northern Europe of 3.5% (increase of 2.0% in constant
currency), primarily due to the unfavorable impact of foreign currency exchange
rates and the disposition of our Russia business, partially offset by the 50.9%
increase (59.8% in constant currency) in the permanent recruitment business. We
experienced revenue decreases in the United Kingdom, Germany and the Netherlands
of 3.1%, 10.1% and 9.1%, respectively (-0.3%, -3.5% and -2.4%, respectively, in
constant currency). The decreases were partially offset by revenue increases in
the Nordics and Belgium of 8.0% and 0.1%, respectively (15.9% and 7.5%,
respectively, in constant currency);

a revenue decrease in APME of 1.5% (increase of 6.0% in constant currency)
primarily due to the increased demand for our staffing/interim services and a
10.2% increase (17.9% in constant currency) in our permanent recruitment
business, partially offset by the unfavorable impact of change in currency
exchange rates and the unfavorable impact of approximately one fewer billing
day; and

a decrease of 5.4% due to the impact of exchange rate variations.

                                       25
--------------------------------------------------------------------------------

The year-over-year gross profit margin increase of 180 basis points was mainly due to:

a positive 90 basis point change in business mix, with higher margin permanent staffing activity representing a higher percentage of revenue mix;

a favorable impact of 40 basis points from the improvement in staffing/interim margins;

a favorable impact of 30 basis points from the acquisition of Experis in United States;

a favorable impact of 20 basis points from the margin improvement in the non-staff part of our Experis business; and

a favorable impact of 10 basis points from direct cost adjustments North Europe; partially offset by

a 20 basis point unfavorable change in business mix, with the higher-margin Right Management career transition business accounting for a lower percentage of revenue mix.


The 13.2% increase in selling and administrative expenses in the first quarter
of 2022 (18.2% in constant currency; 13.6% in organic constant currency) was
primarily attributed to:

a 13.6% increase (18.5% in constant currency and 14.3% in organic constant
currency) in personnel costs due to the increase in salary costs related to
additional headcount as we invested in incremental recruiters and sales talent
to support revenue growth. The increase in salary costs was also due to an
increase in variable incentive costs as a result of increased profitability in
most markets;

a 5.3% increase (10.3% in constant currency and 7.8% in organic constant currency) in non-staff costs, excluding acquisition integration costs and loss on disposal of our Russia business completed in the first quarter of 2022, to support the increase in revenue;

a loss on disposal of our Russia business of $9.7 million incurred in the first quarter of 2022;

the $3.7 million acquisition integration costs incurred in the first quarter of 2022; and

an increase of 5.0% due to the impact of exchange rate variations.


Selling and administrative expenses as a percent of revenues increased 110 basis
points in the first quarter of 2022 compared to the first quarter of 2021 due
primarily to:

a 70 basis point unfavorable impact as personnel costs increased, due to the
investment in incremental recruiters and sales talent based on increased market
activity, without a similar rate of increase in revenues;

an unfavorable impact of 20 basis points from the loss on the sale of our Russia
business completed in the first quarter of 2022; and

an unfavorable impact of 10 basis points from the integration costs of the acquisition of Experis incurred in the first quarter of 2022.

                                       26
--------------------------------------------------------------------------------


Interest and other expenses, net is comprised of interest, foreign exchange
gains and losses and other miscellaneous non-operating income and expenses,
including noncontrolling interests. Interest and other expenses, net was $2.7
million in the first quarter of 2022 compared to $5.4 million in the first
quarter of 2021. Miscellaneous income increased to $6.7 million in the first
quarter of 2022 from $4.2 million in the first quarter of 2021 primarily due to
a translation gain from the sale of a subsidiary and increase in the returns on
pension plan assets.

We recorded income tax expense at an effective rate of 32.6% for the three
months ended March 31, 2022, as compared to an effective rate of 33.3% for the
three months ended March 31, 2021. The 2022 rate was favorably impacted by the
scheduled reduction in the French corporate tax rate to 25% and a higher level
of pre-tax earnings with a more beneficial mix diluting the impact of the French
business tax. The 32.6% effective tax rate in the first quarter of 2022 was
higher than the United States Federal statutory rate of 21% primarily due to the
French business tax, tax losses in certain countries for which we did not
recognize a corresponding tax benefit due to valuation allowances, and the
overall mix of earnings.

Net earnings per share - diluted was $1.68 in the first quarter of 2022 compared
to $1.11 in the first quarter of 2021. Foreign currency exchange rates
unfavorably impacted net earnings per share - diluted by approximately $0.10 per
share in the first quarter of 2022. The net loss from the disposition of our
Russia business in the first quarter of 2022 negatively impacted net earnings
per share - diluted by approximately $0.15 in the first quarter of 2022. The
acquisition integration costs in the first quarter of 2022 negatively impacted
net earnings per share - diluted by approximately $0.05, net of tax.

Weighted average shares - diluted decreased to 54.4 million in the first quarter
of 2022 from 55.7 million in the first quarter of 2021. This decrease was due to
the impact of share repurchases completed since the first quarter of 2021,
partially offset by shares issued as a result of exercises and vesting of
share-based awards.

                                       27
--------------------------------------------------------------------------------

Segment Operating Results

Americas

In the Americas, revenues from services increased 24.8% (25.7% in constant
currency and 6.9% in organic constant currency) in the first quarter of 2022
compared to the first quarter of 2021. In the United States (which represents
71% of the America's revenues), revenues from services increased 46.1% (15.2% on
an organic basis) in the first quarter of 2022 compared to the first quarter of
2021, primarily driven by the Experis acquisition in the United States in the
fourth quarter of 2021, increased demand for our staffing/interim services, an
increase in our permanent recruitment business of 89.4% (78.0% on an organic
basis), including our RPO offering, and increased demand for our MSP offering.
In Other Americas, revenues from services decreased 8.2% (-5.9% in constant
currency) in the first quarter of 2022 compared to the first quarter of 2021
primarily due to decreased demand for our Manpower staffing services and the
unfavorable impact of currency exchange rates, partially offset by the increase
in our permanent recruitment business of 83.6% (89.5% in constant currency).
This decline was driven by a decrease in Mexico of 61.6% (61.3% in constant
currency) due to labor legislation implemented in the third quarter of 2021 that
prohibits the provision of traditional temporary staffing services, only
allowing outsourced worker assignments for specialized services outside of the
client's core business. Although we believe the new labor legislation will
continue to result in significant comparative revenue reductions in Mexico over
the next two quarters, we believe the shift will improve the margins of our
Mexico business over time. Our Mexico operations generated approximately 1.9% of
our consolidated global revenues for the year ended December 31, 2021. The
decline was partially offset by increases in Canada, Colombia, Argentina, Peru
and Chile of 23.4%, 20.4%, 14.2%, 11.1% and 42.6%, respectively (23.5%, 32.3%,
18.0%, 15.5% and 59.2%, respectively, in constant currency).

Gross profit margin increased in the first quarter 2022 compared to the first
quarter 2021 primarily due to the Experis acquisition, improvements in the
staffing/interim margins, increases in our permanent recruitment business and
increases in revenues from our higher-margin MSP and RPO offerings in the United
States. These increases were partially offset by the unfavorable changes in
business mix as the higher-margin Right Management career transition business
represented a lower percentage of the revenue mix.

In the first quarter of 2022, selling and administrative expenses increased
35.6% (36.2% in constant currency and 20.3% in organic constant currency),
primarily due to the Experis acquisition, an increase in salary-related costs as
a result of a higher headcount as we invested in incremental recruiters and
sales talent based on increased market activity. The increase in salary-related
costs was also due to an increase in variable incentive costs as a result of
increased profitability in certain markets. The increase was also due to
acquisition integration costs of $3.7 million incurred in the first quarter of
2022 and an increase in consulting costs related to certain technology
initiatives.

Operating Unit Profit ("OUP") margin in the Americas was 5.8% and 4.4% for the
first quarter of 2022 and 2021, respectively. In the United States, OUP margin
increased to 6.6% in the first quarter of 2022 from 4.8% in the first quarter of
2021 primarily due to the Experis acquisition, increased operating leverage, an
increase in the gross profit margin and an increase in salary-related costs due
to higher headcount, partially offset by the acquisition integration costs
incurred in the first quarter of 2022. Other Americas OUP margin increased to
4.0% in the first quarter of 2022 from 3.8% in the first quarter of 2021
primarily due to the gross profit margin improvement.

                                       28
--------------------------------------------------------------------------------

southern Europe


In Southern Europe, revenues from services increased 1.6% (8.4% in constant
currency) in the first quarter of 2022 compared to the first quarter of 2021. In
the first quarter of 2022, revenues from services increased 0.3% (7.7% in
constant currency) in France (which represents 54% of Southern Europe's
revenues) and increased 10.5% (18.6% in constant currency) in Italy (which
represents 20% of Southern Europe's revenues). The increase in France is
primarily due to the increased demand for our Manpower staffing services,
although supply chain constraints impacted the demand for our services from our
automotive clients, a 29.7% increase (39.3% in constant currency) in the
permanent recruitment business, partially offset by the unfavorable impact of
changes in currency exchange rates. The increase in Italy was primarily due to
the increased demand for our Manpower staffing services and Experis interim
services and a 38.7% increase (49.0% in constant currency) in the permanent
recruitment business, partially offset by the unfavorable impact of changes in
currency exchange rates. In Other Southern Europe, revenues from services
decreased 2.1% (2.7% increase in constant currency) during the first quarter of
2022 compared to the first quarter of 2021, due to the unfavorable impact of
changes in currency exchange rates, partially offset by increased demand for our
Manpower staffing services and an increase in our permanent recruitment business
of 37.2% (45.3% in constant currency).

Gross profit margin increased in the first quarter of 2022 compared to the first
quarter of 2021. The increase was primarily due to the increase in our
staffing/interim margins in several markets and the increase of 34.8% (44.1% in
constant currency) in the permanent recruitment business.

Selling and administrative expenses increased 1.0% (7.8% in constant currency)
during the first quarter of 2022 compared to the first quarter of 2021 primarily
due to the increase in salary-related costs due to higher headcount to support
an increase in revenues in the quarter, and an increase in variable incentive
costs as a result of increased profitability in certain markets. The increase is
also due to the higher non-personnel related costs to support the growth in
revenues and the unfavorable impact of changes in currency exchange rates.

OUP margin in Southern Europe was 4.3% for the first quarter of 2022 compared to
3.4% for the first quarter of 2021. In France, the OUP margin was 4.2% for the
first quarter of 2022 compared to 3.6% for the first quarter of 2021. The
increase in France was primarily due to our ability to increase revenues without
a similar increase in expenses and the increase in the gross profit margin. In
Italy, the OUP margin increased to 6.5% for the first quarter of 2022 from 4.8%
for the first quarter of 2021 primarily due to our ability to increase revenues
without a similar increase in expenses and the increase in the gross profit
margin. Other Southern Europe's OUP margin increased to 3.0% in the first
quarter of 2022 from 2.0% in the first quarter of 2021, primarily due to the
increase in the gross profit margin.

North Europe


In Northern Europe, the largest country operations include the United Kingdom,
the Nordics, Germany, the Netherlands and Belgium (comprising 38%, 23%, 13%,
10%, and 7%, respectively, of Northern Europe's revenues), revenues from
services decreased 3.5% (2.0% increase in constant currency and 3.8% in organic
constant currency) in the first quarter of 2022 compared to the first quarter of
2021. We experienced revenue decreases in the United Kingdom, Germany and the
Netherlands of 3.1%, 10.1% and 9.1%, respectively (-0.3%, -3.5% and -2.4%,
respectively, in constant currency). The decreases were partially offset by
revenue increases in the Nordics and Belgium of 8.0% and 0.1%, respectively
(15.9% and 7.5%, respectively, in constant currency). The revenue decrease in
Northern Europe was primarily due to the unfavorable impact of changes in
currency exchange rates and the sale of our Russia business, partially offset by
increased demand for our Experis staffing services and the 50.9% increase (59.8%
in constant currency) in the permanent recruitment business.

Gross profit margin increased in the first quarter of 2022 compared to the first
quarter of 2021 primarily due to increases in our staffing/interim margins, a
direct cost adjustment and the increases in our permanent recruitment business.

Selling and administrative expenses increased 10.0% (16.8% in constant currency)
in the first quarter of 2022 compared to the first quarter of 2021. The increase
is primarily due to the increase in salary-related costs due to higher
headcount, the loss on the sale of our Russia business, and the increases in
non-personnel related costs to support the increase in revenues.

                                       29
--------------------------------------------------------------------------------


OUP margin for Northern Europe decreased to 0.3% in the first quarter of 2022
from 0.4% in the first quarter of 2021.The decrease was primarily due to the
loss on the sale of our Russia business, partially offset by the increase in
gross profit margin.

APME

Revenues from services decreased 1.5% (6.0% increase in constant currency) in
the first quarter of 2022 compared to the first quarter of 2021. In Japan (which
represents 47% of APME's revenues), revenues from services increased 2.5% (12.5%
in constant currency) due to the increase in our Experis business, increased
demand for our Manpower staffing services and a 26.0% increase (38.1% in
constant currency) in our permanent recruitment business, partially offset by
the unfavorable impact of currency exchange rates. In Australia (which
represents 12% of APME's revenues), revenues from services decreased 31.7%
(27.1% in constant currency) due to the exit of a low margin client arrangement
in the second quarter of 2021. The revenue increase in the remaining markets in
APME is primarily due the increased demand for our staffing/interim services and
a 10.2% increase (17.9% in constant currency) in our permanent recruitment
business, partially offset by the unfavorable impact of change in currency
exchange rates and the unfavorable impact of approximately one fewer billing
day.

Gross profit margin increased in the first quarter 2022 compared to the first
quarter 2021 primarily due to the increase in our staffing/interim margins and
the increase of 10.2% (17.9% in constant currency, respectively) in our
permanent recruitment business.

Selling and administrative expenses increased 3.6% (11.3% in constant currency)
in the first quarter of 2022 compared to the first quarter of 2021. The increase
is primarily due to the increase in salary-related costs due to higher headcount
to support an increase in revenues and increase in variable incentive costs as a
result of increase in profitability in certain markets, and the increases in
non-personnel related costs to support the increases in revenues.

The OUP margin for APME increased to 3.1% in the first quarter of 2022 from 3.0% in the first quarter of 2021 due to the increase in gross profit margin.

                                       30
--------------------------------------------------------------------------------

Financial measures

Reconciliation in constant currencies and in organic constant currencies


Changes in our financial results include the impact of changes in foreign
currency exchange rates, acquisitions, and dispositions. We provide "constant
currency" and "organic constant currency" calculations in this report to remove
the impact of these items. We express year-over-year variances that are
calculated in constant currency and organic constant currency as a percentage.

When we use the term "constant currency," it means that we have translated
financial data for a period into United States dollars using the same foreign
currency exchange rates that we used to translate financial data for the
previous period. We believe that this calculation is a useful measure,
indicating the actual growth or decline of our operations. We use constant
currency results in our analysis of subsidiary or segment performance. We also
use constant currency when analyzing our performance against that of our
competitors. Substantially all of our subsidiaries derive revenues and incur
expenses within a single country and, consequently, do not generally incur
currency risks in connection with the conduct of their normal business
operations. Changes in foreign currency exchange rates primarily impact reported
earnings and not our actual cash flow unless earnings are repatriated.

When we use the term "organic constant currency," it means that we have further
removed the impact of acquisitions in the current period and dispositions from
the prior period from our constant currency calculation. We believe that this
calculation is useful because it allows us to show the actual growth or decline
of our ongoing business.

The constant currency and organic constant currency financial measures are used
to supplement those measures that are in accordance with United States Generally
Accepted Accounting Principles ("GAAP"). These Non-GAAP financial measures may
not provide information that is directly comparable to that provided by other
companies in our industry, as other companies may calculate such financial
results differently. These Non-GAAP financial measures are not measurements of
financial performance under GAAP, and should not be considered as alternatives
to measures presented in accordance with GAAP.

Constant currency and organic constant currency percent variances, along with a
reconciliation of these amounts to certain of our reported results, are provided
below:

                                                   Three Months Ended March 31, 2022 Compared to 2021
                                                                                                Impact of
                                                                                               Acquisitions          Organic
                                                                             Constant        and Dispositions        Constant
                           Reported         Reported        Impact of        Currency          (In Constant          Currency
                           Amount(a)        Variance        Currency         Variance           Currency)            Variance
Revenues from services:
Americas:
United States                   889.4            46.1 %              -            46.1 %                  30.9 %          15.2 %
Other Americas                  361.8            (8.2 )%          (2.3 )%         (5.9 )%                    -            (5.9 )%
                              1,251.2            24.8 %           (0.9 )%         25.7 %                  18.8 %           6.9 %
Southern Europe:
France                        1,192.4             0.3 %           (7.4 )%          7.7 %                     -             7.7 %
Italy                           445.0            10.5 %           (8.1 )%         18.6 %                     -            18.6 %
Other Southern Europe           556.5            (2.1 )%          (4.8 )%          2.7 %                     -             2.7 %
                              2,193.9             1.6 %           (6.8 )%          8.4 %                     -             8.4 %
Northern Europe               1,094.5            (3.5 )%          (5.5 )%          2.0 %                  (1.8 )%          3.8 %
APME                            618.2            (1.5 )%          (7.5 )%          6.0 %                     -             6.0 %
                              5,157.8
Intercompany
Eliminations                    (14.5 )
Consolidated                  5,143.3             4.4 %           (5.4 )%          9.8 %                   3.3 %           6.5 %
Gross Profit                    897.1            16.8 %           (5.4 )%         22.2 %                   5.6 %          16.6 %
Selling and
Administrative Expenses         758.4            13.2 %           (5.0 )%         18.2 %                   4.6 %          13.6 %
Operating Profit                138.7            40.9 %           (8.4 )%         49.3 %                  12.9 %          36.4 %


(a)

In millions for the three months ended March 31, 2022.

                                       31
--------------------------------------------------------------------------------

Cash and capital resources


Cash used to fund our operations is primarily generated through operating
activities and provided by our existing credit facilities. We believe our
available cash and existing credit facilities are sufficient to cover our cash
needs for the foreseeable future. We assess and monitor our liquidity and
capital resources globally. We use a global cash pooling arrangement,
intercompany borrowing, and some local credit lines to meet funding needs and
allocate our capital resources among our various entities. As of March 31, 2022,
we had $703.0 million of cash held by foreign subsidiaries. We have historically
made and anticipate future cash repatriations to the United States from certain
foreign subsidiaries to fund domestic operations.

Cash provided by operating activities was $70.6 million and $140.9 million
during the three months ended March 31, 2022 and 2021, respectively. Changes in
operating assets and liabilities utilized $66.1 million of cash during the three
months ended March 31, 2022 compared to $58.9 million generated during the three
months ended March 31, 2021. These changes were primarily attributable to the
decrease in accounts payable due to timing. Accounts receivable decreased to
$5,440.0 million as of March 31, 2022 from $5,448.2 million as of December 31,
2021 due to the impact of changes in currency exchange rates. Days Sales
Outstanding ("DSO") increased by two days to 57 days as of March 31, 2022 from
December 31, 2021 due to higher activity levels and to unfavorable mix changes,
with higher growth in countries with a higher average DSO.

The nature of our operations is such that our most significant current asset is
accounts receivable and our most significant current liabilities are payroll
related costs, which are generally paid either weekly or monthly. As the demand
for our services increases, as we experienced during the three months ended
March 31, 2022, we generally experience an increase in our working capital
needs, as we continue to pay our associates on a weekly or monthly basis while
the related accounts receivable is outstanding for much longer, which may result
in a decline in operating cash flows.

Conversely, as the demand for our services declines, we generally experience a
decrease in our working capital needs, as the existing accounts receivable are
collected and not replaced at the same level, resulting in a decline of our
accounts receivable balance, with less of an effect on current liabilities due
to the shorter cycle time of the payroll related items. This may result in an
increase in our operating cash flows; however, any such increase would not be
expected to be sustained in the event that an economic downturn continued for an
extended period.

Capital expenditures were $19.4 million for the three months ended March 31,
2022 compared to $12.7 million for the three months ended March 31, 2021. These
expenditures were primarily comprised of purchases of computer equipment, office
furniture and other costs related to office openings and refurbishments, as well
as capitalized software costs. The higher expenditures in 2022 compared to 2021
are primarily due to additional technology investments and the timing of capital
expenditures.

From time to time, we acquire and invest in companies throughout the world,
including franchises. No cash consideration was paid during the three months
ended March 31, 2022. For the three months ended March 31, 2021, the total cash
consideration paid for acquisitions, net of cash acquired, was $12.9 million,
which represents consideration payments for franchises in the United States and
contingent consideration payments related to previous acquisitions.

Occasionally, we dispose of parts of our operations based on risk considerations
and to optimize our global strategic and geographic footprint and overall
efficiency. On January 17, 2022, we disposed of our Russia business in our
Northern Europe segment for cash proceeds of $3.2 million and simultaneously
entered into a franchise agreement with the new owner of the Russia business. In
connection with the disposition, we recognized a one-time net loss on
disposition of $8.0 million.

                                       32
--------------------------------------------------------------------------------


Net debt payments were $28.0 million in the three months ended March 31, 2022,
as compared to net debt borrowings of $2.8 million in the three months ended
March 31, 2021. The 2022 payments include a $25.0 million repayment into our
revolving debt facility, against which we had outstanding borrowings of $75.0
million as of December 31, 2021 related to the Experis acquisition. We intend to
repay the remaining $50.0 million over the next six months.

Our €500.0 million notes and €400.0 million notes are due June 2026 and
September 2022, respectively. We plan to refinance the €400.0 million notes.
When the €500.0 million notes mature, we plan to either repay the amounts with
available cash or borrowings under our $600.0 million revolving credit facility
or a new borrowing. The credit terms, including interest rate and facility fees,
of any replacement borrowings will be dependent upon the condition of the credit
markets at that time. We currently do not anticipate any problems accessing the
credit markets upon replacement of either the €500.0 million or €400.0 million
notes.

As of March 31, 2022, we had $50.0 million borrowings and letters of credit of
$0.4 million issued under our $600.0 million revolving credit facility.
Additional borrowings of $549.6 million were available to us under the facility
as of March 31, 2022.

The $600.0 million revolving credit agreement requires that we comply with a
leverage ratio (Net Debt-to-Net Earnings before interest and other expenses,
provision for income taxes, intangible asset amortization expense, depreciation
and amortization expense ("EBITDA")) of not greater than 3.5 to 1 and a fixed
charge coverage ratio of not less than 1.5 to 1. As defined in the agreement, we
had a Net Debt-to-EBITDA ratio of 0.92 to 1 and a fixed charge coverage ratio of
5.56 to 1 as of March 31, 2022. Based on our current forecast, we expect to be
in compliance with our financial covenants for the next 12 months.

In addition to the previously mentioned facilities, we maintain separate bank
credit lines with financial institutions to meet working capital needs of our
subsidiary operations. As of March 31, 2022, such uncommitted credit lines
totaled $340.9 million, of which $319.7 million was unused. Under the Credit
Agreement, total subsidiary borrowings cannot exceed $300.0 million in the
first, second and fourth quarters, and $600.0 million in the third quarter of
each year. Due to these limitations, additional borrowings of $278.8 million
could have been made under these lines as of March 31, 2022.

We have assessed our liquidity position as of March 31, 2022 and for the near
future. As of March 31, 2022, our cash and cash equivalents balance was $777.3
million. We also have access to the previously mentioned revolving credit
facility that could have immediately provided us with up to $600.0 million of
additional cash, of which just $50.0 million was used as of March 31, 2022, and
we have an option to request an increase to the total availability under the
revolving credit facility by an additional $200.0 million and each lender may
participate in the requested increase at their discretion. In addition, we have
access to the previously mentioned credit lines of up to $300.0 million ($600.0
million in the third quarter) to meet the working capital needs of our
subsidiaries, of which $278.8 million was available to use as of March 31, 2022.
Our €500.0 million notes and €400.0 million notes that total $992.7 million as
of March 31, 2022 mature in June 2026 and September 2022, and we plan to
refinance the €400.0 million note in 2022. Based on the above, we believe we
have sufficient liquidity and capital resources to satisfy future requirements
and meet our obligations currently and in the near future.

The Board of Directors declared a semi-annual dividend of $1.36 and $1.26 per
share, respectively, on May 6, 2022 and May 7, 2021, respectively. The 2022
dividends are payable on June 15, 2022 to shareholders of record as of June 1,
2022. The 2021 dividends were paid on June 15, 2021 to shareholders of record as
of June 1, 2021.

In August 2021, the Board of Directors authorized the repurchase of 4.0 million
shares of our common stock, with terms consistent with the previous
authorizations. This authorization was in addition to the August 2019 Board
authorization to purchase 6.0 million shares of our common stock. Share
repurchases may be made from time to time through a variety of methods,
including open market purchases, block transactions, privately negotiated
transactions or similar facilities. During the first quarter of 2022, we
repurchased a total of 0.6 million shares under the 2019 authorization at a cost
of $59.9 million. During the first quarter of 2021, we repurchased a total of
1.1 million shares under the 2019 authorization at a cost of $100.1 million. As
of March 31, 2022, there were 4.0 million and 0.6 million shares remaining
authorized for repurchase under the 2021 authorization and 2019 authorization,
respectively.

We had aggregate commitments of $2,061.7 million as of March 31, 2022 related to
debt, operating leases, severances and office closure costs, transition tax
resulting from the Tax Act and certain other commitments compared to $2,156.7
million as of December 31, 2021.

                                       33
--------------------------------------------------------------------------------


We also have entered into guarantee contracts and stand-by letters of credit
totaling $766.4 million and $769.3 million as of March 31, 2022 and December 31,
2021, respectively ($718.8 million and $717.7 million for guarantees,
respectively, and $47.6 million and $51.6 million for stand-by letters of credit
as of March 31, 2022 and December 31, 2021, respectively). The guarantees
primarily relate to staffing license requirements, operating leases and
indebtedness. The stand-by letters of credit mainly relate to workers'
compensation in the United States. If certain conditions were met under these
arrangements, we would be required to satisfy our obligations in cash. Due to
the nature of these arrangements and our historical experience, we do not expect
any significant payments under these arrangements. Therefore, they have been
excluded from our aggregate commitments. The cost of these guarantees and
letters of credit was $0.4 million and $0.5 million for the three months ended
March 31, 2022 and 2021, respectively.

We did not record any restructuring costs during the three months ended March
31, 2022 or 2021. During the three months ended March 31, 2022, we made payments
of $3.2 million out of our restructuring reserve, which is used for severances
and office closures and consolidations in multiple countries and territories. We
expect a majority of the remaining $20.1 million reserve will be paid by the end
of 2022.


                                       34
--------------------------------------------------------------------------------

Recently issued accounting standards

See note 2 to the consolidated financial statements.

© Edgar Online, source Previews

]]>
Connections Consult, revenues up 24% in 2021 https://stormbirds.net/connections-consult-revenues-up-24-in-2021/ Tue, 03 May 2022 07:42:45 +0000 https://stormbirds.net/connections-consult-revenues-up-24-in-2021/ Connections Consult (CC), a group of digital transformation companies listed on the main market of the Bucharest Stock Exchange, recorded consolidated revenues of 45.32 million lei in 2021 and a gross profit of 3.46 million lei, an increase of 25% compared to 2020. During the period under review, the Connexions Group recorded a 24% increase […]]]>

Connections Consult (CC), a group of digital transformation companies listed on the main market of the Bucharest Stock Exchange, recorded consolidated revenues of 45.32 million lei in 2021 and a gross profit of 3.46 million lei, an increase of 25% compared to 2020.

During the period under review, the Connexions Group recorded a 24% increase in revenue compared to the previous year, thanks to new projects in the software and RPA service lines, as well as the increase in the volume of consulting and software outsourcing services offered with Outsourcing Support Services SRL and Brusch Services SRL. Gross profit increased by 25% compared to 2020, and, at the same time, a change in the composition of the main contributors to the group’s revenue structure. Thus, the line of services represented by software development reached a contribution share in the revenues of 22%and hyper-automation services (RPA) represented, in 2021, 6 percent total income.

At the same time, Connections Consult exceeded the financial estimate for 2021, mentioned in the private placement memorandum and in the SEO technical note of September 2021, in terms of turnover (up 21% compared to the figures estimated) and gross margin (9 percent increase over estimated figures).

As a result, Connections Group maintained its commitment to its investors and continued to invest resources in developing potential service lines to maximize the value of the group’s net assets. At the time of publication of the 2021 Annual Financial Report, Connections had already achieved another important objective in the strategy presented to investors during the private placement: the creation of the American subsidiary, Connections Consult LLC. Considering the share split (10:1 ratio) and the revenue and expense budget higher than the initial estimates of July 2021 (at the date of the private placement), the Group is optimistic for the year 2022.

In a very volatile international and local market context, with many uncertainties and difficulties to manage: the war in Ukraine, inflation, the potential food crisis, the energy crisis and the supply chain crisis, therefore, in complex landscape, the Connections Group maintains its energy, perseverance and positive outlook for 2022.

The financial information presented in the annual financial report is in line with Connections’ business development strategy, which is proof that the Group has the capacity and is committed to increasing the value of its assets.

The year 2021 meant for the company Connections Consult SA the strengthening of the financial situation on the balance sheet. The company recorded an increase in the value of assets easily convertible into cash, as shown in the comparative balance sheet 2020 compared to 2021. The increase in current assets is mainly generated by two important factors: the inflow of capital following the AeRO market listing and prudent working capital management.

At the end of 2021, the issuer recorded a balance of current assets in the amount of 19,775,687 lei, of which 7.9 million lei were represented by cash.

According to the budget for 2022, Connections SA aims to achieve a consolidated turnover of 59 million lei and an EBITDA of 5.64 million lei. This estimate includes the results generated by all group companies, including Brusch Services – a company acquired by the Group in 2021.

]]>
The advantage of a lease with an option to buy | Modern tire dealer https://stormbirds.net/the-advantage-of-a-lease-with-an-option-to-buy-modern-tire-dealer/ Sun, 01 May 2022 04:00:50 +0000 https://stormbirds.net/the-advantage-of-a-lease-with-an-option-to-buy-modern-tire-dealer/ Vehicles last longer than ever. The most recent study conducted by IHS Markit in 2021 indicates that the average age of a personal vehicle in the United States is now 12.1 years. In 2002, it was 9.6 years old. And while the Federal Highway Administration reports that the average number of miles driven in the […]]]>

Vehicles last longer than ever. The most recent study conducted by IHS Markit in 2021 indicates that the average age of a personal vehicle in the United States is now 12.1 years. In 2002, it was 9.6 years old. And while the Federal Highway Administration reports that the average number of miles driven in the United States is 14,263 per year, it’s safe to assume that there are plenty of vehicles out there with nearly 200,000 miles on the odometer.

Vehicles become more expensive to buy, but potentially even more expensive to maintain, but last longer. Research has shown that Americans cannot afford a $500 surprise car-related expense easily. They need access to easy, fast and convenient financing solutions.

While many consumers in the United States use credit cards to pay for day-to-day expenses, they need this revolving credit to have the most spending flexibility possible. Since the average credit card balance, according to Bank Rate, is $5,525, most consumers are open and appreciate additional financing solutions as well.

For today’s merchants and service providers, it is imperative to explore alternative financing solutions. With alternative financing solutions, products can be leased, that is, rented to a customer. At the end of the term, ownership passes to that customer. The operation of this option is simple. A consumer who needs an auto repair or tire replacement is approved for terms of alternative financing solutions. (Although these applications are approved at a higher rate than credit applications, it can mean the difference between a sale made or a sale lost or a satisfied customer or a dissatisfied customer.) The overall repair cost and terms loan terms are included and the consumer is presented with a monthly payment amount that can be automatically deducted from their bank account. Payments are aligned with the person’s payday, so the process becomes as easy as possible when it comes to remembering when to pay or if there will be money in the account at the time of payment. withdrawal.

Another major advantage of alternative financing solutions is that the consumer will not have to wait to save for repairs, which could accelerate damage caused by wear and tear on the vehicle. Additionally, delayed parts and service can put the driver and other passengers in dangerous situations, such as with bald tires or broken suspension parts. Alternative financing solutions provide peace of mind by allowing repairs to be made today with manageable and quick payment solutions, without having to take up space on high interest credit cards.

For store owners, this is an important offering that can generate more revenue with better gross profit margins. Instead of removing needed services from a quote or playing the discount game, the store can provide customers with an easy and reliable payment method that won’t break customers’ bank. Additionally, the store owner does not have to worry about their customer defaulting on payment, as alternative financing solutions create an agreement between the consumer and the financing provider. Traders are funded quickly. For the consumer, payments are set up for automatic withdrawal and aligned with the customer’s payday. For the merchant or store owner, the fees can be similar (or lower) than credit cards, so the store owner gets a happy customer and gets the job done today with the appropriate gross margin needed.

Consumer needs are changing. Just a few years ago, the idea of ​​more than four tiers of tire brands was unthinkable. Over the coming year, the Federal Reserve will raise interest rates at an unprecedented rate, making traditional credits or cash loans much more expensive. Today’s customer not only wants flexible options in the services and tires they buy, but also in how they pay for them.

Alternative financing solutions are an attractive option for many consumers and a growing number of merchants. And it’s one of the fastest growing financing segments. Dealerships and repair shops need to ensure they remove barriers to the consumer’s ability to find affordable and flexible payment options – helping them get to work, drop their kids off at workouts and to move reliably in the city. The store that can help them make the right decision given their situation will be the store that will bring them repeat customers. With all of this in mind, it’s essential to explore alternative financing solutions, beyond cash and credit cards – allowing you to close every customer that comes through the door.

For more information, visit www.snapfinance.com

10-Missions-Finance-Corner.pngSnapLogo_NoTag_RGB_Transparent.png

]]>
INNOVOTECH announces an increase in its net profit in 2021 https://stormbirds.net/innovotech-announces-an-increase-in-its-net-profit-in-2021/ Tue, 26 Apr 2022 23:17:01 +0000 https://stormbirds.net/innovotech-announces-an-increase-in-its-net-profit-in-2021/ Edmonton– TheNewswire – April 26, 2022. Innovotech Inc. (TSXV:IOT), a pioneer in the field of biofilm product development, is pleased to report net income of $367,130 for the year 2021 on revenues of $1,481,767. Net operating income of $281,135 was increased by an increase of $85,995 in the fair market value (“FMV”) of the Company’s […]]]>

Edmonton– TheNewswire – April 26, 2022. Innovotech Inc. (TSXV:IOT), a pioneer in the field of biofilm product development, is pleased to report net income of $367,130 for the year 2021 on revenues of $1,481,767. Net operating income of $281,135 was increased by an increase of $85,995 in the fair market value (“FMV”) of the Company’s equity ownership underlying its CanBiocin 8% convertible debenture of $150,000, the 120,000 shares of CanBiocin into which the debenture has since been converted (April 14and2022) were determined to have increased in value to $1.75 from their conversion price of $1.25.

For the past three years, the Company has seen its turnover grow at a compound rate of >20% per year. It is gratifying to see this growth supported this year by our investment in CanBiocin, as this company grew revenue by 300% in a profitable 2021 and executed a $1.75 per share financing at the end of the year. These two events combined to cause the FMV of CanBiocin shares held by Innovotech to increase.

Three-Year Summary of 12-Month Revenue and Gross Margin ($)

Year

2021

2020

2019

Gross revenue

1,481,767

1,193,382

986 225

Cost of sales

363 153

326,508

291 112

Gross profit

1,118,614

866 874

695 113

Operating Expenses

850 662

767,557

737 874

Interest expense

4,383

3,000

6,000

interest income

17,566

Gain on debenture fair value adjustment.

85,995

Term Loan Waiver

3,000

6,000

Net profit (loss)

367 130

106,317

(48,761)

Cash provided by operating activities amounted to $394,653, which, together with the issuance of shares of $150,000 to pay for the acquisition of the CanBiocin debenture and the increase in its fair market value, was the primary driver of an increase in equity from $644,978 to $1,176,930. .

Selected balance sheet items ($)

Year

December 31, 2021

December 31, 2020

December 31, 2019

Current assets

Equipment and others

993 530
439 443

752 725

69,715

224,825

50,057

Total assets

1,432,973

822 440

274,882

Current liabilities

Rental obligations

219,009
37,034

157,462

20,000

76,795

100,000

Total responsibilities

256,043

177,462

176,795

Equity

1,176,930

644,978

98,087

Developments 2021

The 2021 financial results resulted in an increase in shareholders’ equity from $644,978 to $1,176,930, of which working capital included $774,521. Cash of $442,419 and trade receivables of $368,931 were the main components of working capital.

During the year, we promoted Dr. Tyler Boone to Chief Operating Officer and Dr. Patricia Nadworny to Chief Scientific Officer (CSO). As a result of the above two appointments, Innovotech now has a committed and experienced management team fully familiar with our multiple operating procedures working with more laboratory space equipped with new and improved facilities enabling us to manage a greater volume of contract research.

In 2021 we also improved our banking arrangements, improved our bill payment process, increased our yield on excess cash, reviewed our SRED credit application procedures to ensure support for our R&D work, and entered into a relationship to improve our procedures currency trading, the last of which was completed after the end of the year.

About Innovotech

Innovotech is a Canadian biotechnology company that owns proprietary intellectual property, conducts contract research, and owns and supplies proprietary devices for testing multiple applications in microbiology. Innovotech is available online at www.innovotech.ca.

Alan C. Savage

Director & CFO

Innovotech Inc.

604 220-4935

This document may contain forward-looking statements that are predictive in nature and subject to risks and uncertainties that cannot be predicted or quantified; therefore, actual results may differ materially from past results and from those expressed or implied by forward-looking statements. Factors that could cause or contribute to such risks or uncertainties include, but are not limited to: the regulatory environment, including the difficulty in predicting regulatory outcomes; changes in the value of the Canadian dollar; the Company’s reliance on a small number of customers, including government organizations; fluctuations in operating results; government policies or actions; progress and cost of clinical trials; the use of key strategic relationships; the uncertainty of protecting intellectual property and the potential costs associated with defending it; the Company’s exposure to lawsuits and other matters beyond the control of management. Should known or unknown risks or uncertainties materialize, or should management’s assumptions prove inaccurate, actual results could differ materially from those anticipated. The Company undertakes no obligation to issue or update any forward-looking statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

]]>
Obesity Market Size, Growth | Global report, 2029 https://stormbirds.net/obesity-market-size-growth-global-report-2029/ Mon, 25 Apr 2022 09:39:08 +0000 https://stormbirds.net/obesity-market-size-growth-global-report-2029/ Pune, April 25, 2022 (GLOBE NEWSWIRE) — The latest obesity market The 2022 research report provides detailed information about the market overview, modern trends, demand and recent developments affecting the growth of the market over the coming year. Obesity market report also covers new business development, price, revenue, gross margin, market size, share, potential growth […]]]>

Pune, April 25, 2022 (GLOBE NEWSWIRE) — The latest obesity market The 2022 research report provides detailed information about the market overview, modern trends, demand and recent developments affecting the growth of the market over the coming year. Obesity market report also covers new business development, price, revenue, gross margin, market size, share, potential growth and upcoming market strategy followed by major players . This report also gives the knowledge of the profiles of the major companies in the market. The report focuses on the Obesity market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status and development trends. Additionally, the Obesity market is forecast by region, type and application, with sales and revenue, from 2022 to 2029. The report also covers the market landscape and its growth prospects over the next few years. Finally, the feasibility of new investment projects is assessed and general research conclusions are offered.

Get a sample PDF of the report – https://www.marketreportsworld.com/enquiry/request-sample/20131813

Moreover, the research report provides detailed data on the major factors influencing the growth of the Obesity market at the national and local levels, market size forecast, in terms of value, market share by region and market size. segment, regional market positions, segment and growth opportunities by country, key company profiles, SWOT, product portfolio and growth strategies.

Impact of Covid-19 on the obesity industry:

Covid-19 pandemic has had a negative impact on Obesity market. with industrialists. Major companies have suspended operations in different locations due to lockdown and social distancing norms. After the pandemic, the industry expects a lot of requirements and demands due to the rapid urbanization and the increasing need for rational use of the present area.

COVID-19 (Coronavirus) Global Market Conditions and Competitors:- In this report, analysts compile existing research on COVID-19, share key insights and help the reader spot new market opportunities related to the pandemic. Topics include product development pipelines, diagnostic testing approaches, vaccine development programs, regulatory approvals and more.

Get Sample Copy of Obesity Market Research Report 2022

This report gives a detailed description of all the factors influencing the growth of these market players along with their company profiles, product portfolios, marketing strategies, technology integrations and more information about these market players. Some of the major players are:

Leading companies reviewed in the Obesity Market‎ report are:

  • Cybex International
  • American sports
  • Covidien plc
  • Herbalife Ltd.
  • Olympus Society
  • Apollo Endosurgery
  • NutriSystem, Inc.
  • Ethicon, Inc.
  • Kellogg Company
  • Hoffmann-La Roche
  • Atkins Nutritionals, Inc.
  • Brunswick Society
  • USGI Medical
  • Johnson Health Technology, Ltd.
  • Medtronic

Global Obesity Market: Pilots and Withholdings

The research report has integrated the analysis of different factors which are increasing the growth of the market. It constitutes trends, restraints and drivers that transform the market either positively or negatively. This section also provides the scope of different segments and applications that can potentially influence the market in the future. Detailed information is based on current trends and historical milestones. This section also provides an analysis of the production volume in the global market and each type.

A thorough assessment of the restrictions included in the report portrays the contrast with the drivers and gives room for strategic planning. Factors that overshadow the growth of the market are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into the opinions of market experts have been taken to better understand the market.

Learn more and share questions, if any, before purchase on this report at – https://www.marketreportsworld.com/enquiry/pre-order-enquiry/20131813

Overall, the report proves to be an effective tool that players can utilize to gain a competitive edge over their competitors and secure sustainable success in the global Obesity Market. All conclusions, data and information provided in the report are validated and revalidated using reliable sources. The analysts who authored the report have adopted a unique and industry-leading research and analytical approach to an in-depth study of the global obesity market.

Global Obesity Market: Segment Analysis

The research report includes specific segments by region (country), company, type and by application. This study provides information on sales and revenue over the historical and forecast period. Understanding the segments helps to identify the importance of different factors contributing to market growth.

By type:

  • Pharmacotherapy
  • Operation
  • Anti-obesity device
  • Other alternative therapy

Per application:

Geographic segment covered in the report:

The Obesity report provides information on the market area, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

  • United States
  • Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
  • China
  • Japan
  • India
  • Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
  • Latin America (Brazil, Mexico, Colombia)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
  • Other regions

The objectives of the study for this report are:

  • To study and analyze the global Obesity market size (value & volume) by company, key regions/countries, products and application, historical data and forecast.
  • To understand the structure of Obesity market by identifying its various subsegments.
  • Share detailed information on key factors influencing market growth (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global Obesity manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the coming years.
  • To analyze Obesity with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of Obesity submarkets, with respect to key regions (along with their respective key countries).
  • Analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • Establish a strategic profile of key players and analyze in depth their growth strategies.

This Obesity Market Research/Analysis Report Contains Answers to the Following Questions

  • What are the ongoing developments in this technology? What trends are driving these developments?
  • Who are the Global Key Players in this Obesity Market? What are their company profiles, product information and contact details?
  • What Was Global Market Status of Obesity Market?
  • What Is Current Market Status of Obesity Industry? What is the market competition in this industry, both at company and country level? What’s Market Analysis of Obesity Market Considering Applications and Types?
  • What will be the estimate of cost and profit?
  • What Is Economic Impact On Obesity Industry? What are the results of the analysis of the global macroeconomic environment? What are the development trends of the global macroeconomic environment?
  • What Are Market Dynamics of Obesity Market? What are the challenges and opportunities?

Buy this report (Price 2980 USD for single user license) – https://www.marketreportsworld.com/purchase/20131813

Detailed TOC of Global Obesity Market Report 2022

1 Obesity Market Overview

1.1 Product Overview and Scope of Obesity
1.2 Obesity Segment by Type
1.2.1 Global Obesity Sales and CAGR Comparison by Type (2017-2029)
1.2.2 The Pharmacotherapy Market Profile
1.2.3 The profile of the surgery market
1.2.4 The Anti-Obesity Devices Market Profile
1.2.5 The market profile of other alternative therapies
1.3 Global Obesity Segment by Application
1.3.1 Obesity Consumption (Sales) Comparison by Application (2017-2029)
1.3.2 The profile of the children’s market
1.3.3 Profile of the adult market
1.4 Global Obesity Market, Region Wise (2017-2022)
1.4.1 Global Obesity Market Size (Revenue) and CAGR Comparison by Regions (2017-2022)
1.5 Global Obesity Market Size (2017-2029)
1.5.1 Global Obesity Revenue Status and Prospect (2017-2029)
1.5.2 Global Obesity Sales Status and Prospect (2017-2029)

2 Global Obesity Market Landscape by Player

2.1 Global Obesity Sales and Share by Player (2017-2022)
2.2 Global Obesity Revenue and Market Share by Player (2017-2022)
2.3 Global Obesity Average Price by Player (2017-2022)
2.4 Global Obesity Gross Margin by Player (2017-2022)
2.5 Obesity Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Obesity Market Competitive Situation and Trends
2.6.1 Obesity Market Concentration Rate
2.6.2 Obesity Market Share of Top 3 and Top 6 Players
2.6.3 Mergers and acquisitions, expansion

3 Upstream and downstream analysis of obesity

4 Obesity Manufacturing Cost Analysis

5 Market dynamics

6 player profiles

7 Global Sales and Revenue of Obesity by Regions (2017-2022)

8 Global Obesity Sales, Revenue (Revenue), Price Trend by Type

9 Global Obesity Market Analysis by Application

10 Global Obesity Market Forecast (2022-2029)

11 Research findings and conclusion

12 Appendix

Continued….

Browse Full Table of Contents at – https://www.marketreportsworld.com/TOC/20131813#TOC

About Us: –

Market Reports World is the credible source for getting the market reports that will provide you with the direction your business needs. The market is changing rapidly with the continuous expansion of the industry. Technological advancements have provided today’s businesses with multi-faceted benefits driving daily economic changes. Thus, it is very important for a business to understand the patterns of market movements in order to better strategize. An effective strategy gives companies a head start in planning and an advantage over their competitors.

        
]]>
Worried about a stock market sell-off? 2 cheap stocks to buy now https://stormbirds.net/worried-about-a-stock-market-sell-off-2-cheap-stocks-to-buy-now/ Sat, 23 Apr 2022 14:15:00 +0000 https://stormbirds.net/worried-about-a-stock-market-sell-off-2-cheap-stocks-to-buy-now/ Some investors may understandably worry about the potential stock market crash. After all, it’s been volatile ever since inflation started skyrocketing at the end of 2021. This has led the Federal Reserve to talk about interest rate hikes in an attempt to rein in price rises in the economy. real. If you’re looking for stocks […]]]>

Some investors may understandably worry about the potential stock market crash. After all, it’s been volatile ever since inflation started skyrocketing at the end of 2021. This has led the Federal Reserve to talk about interest rate hikes in an attempt to rein in price rises in the economy. real.

If you’re looking for stocks that can hold up well in a stock market crash, Target (NYSE: TGT) and Tilly’s (NYSE: TLYS) can do the trick. Both are selling at cheap valuations, which could keep them from falling as much as the many stocks that are selling for more.

Image source: Getty Images.

Target’s digital sales complement physical locations

Target has been one of the main beneficiaries of the coronavirus pandemic. The company has increased sales by $27 billion since 2019. Target has undoubtedly been helped by being considered an essential retailer, allowing it to stay open during shutdowns when others have had to close.

However, management had done a great job developing Target’s multi-pronged interconnected sales channels. Target, arguably more than any other retailer, offers shoppers an array of convenient ways to get what they’re looking for. Indeed, the $27 billion increase in sales since 2019 was driven equally by stores and digital options.

The surge in sales propelled Target’s operating profit margin, to 8.4%, to its highest level in the past decade. And despite the reopening of the economy, management expects sales to grow a few hundred basis points in fiscal 2022 and its operating profit margin to remain above 8%.

TGT price to free cash flow chart

Price TGT compared to free cash flow given by Y charts.

Fortunately for investors, Target shares trade cheaply compared to two of its main rivals, walmart and Costco.

Tilly’s records record revenue

Tilly is a specialist retailer headquartered in California, and with the bulk of its stores in California, Texas and Florida. The company has done a great job of bouncing back from the disruption caused by the pandemic.

Tilly’s reported its highest earnings per share in its last financial year in a decade. Management planned well in advance and secured sufficient quality stock to sell in the event of widespread shortages. Also, as its competitors failed to find products to sell, Tilly’s was able to sell its inventory at higher profit margins. Its gross profit margin of 35.7% was also the highest in the past decade.

The company is one of the smallest brick-and-mortar retailers in the United States, with approximately 241 locations, but management plans to add 15 to 20 stores over the coming year.

TLYS price to free cash flow chart

TLYS price versus free cash flow given by Y charts.

Like Target, Tilly’s stock is cheap on price-to-free-cash-flow and price-to-earnings measures. This is true whether you look at Tilly’s valuation historically or in comparison to other companies.

A final word on evaluation

Target and Tilly are undoubtedly inexpensive, as noted above. This feature can go a long way in protecting their Stock prices to fall further. While these aren’t explosive growth stocks that will grow your money 10x in five years, they will help protect your portfolio in the event of a market crash.

10 stocks we like better than Target
When our award-winning team of analysts have stock advice, it can pay to listen. After all, the newsletter they’ve been putting out for over a decade, Motley Fool Equity Advisortripled the market.*

They have just revealed what they believe to be the ten best stocks for investors to buy now…and Target wasn’t one of them! That’s right – they think these 10 stocks are even better buys.

View all 10 stocks

* Portfolio Advisor Returns as of April 7, 2022

Parkev Tatevosian owns Tillys. The Motley Fool owns and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]>