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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues from services [1] $ 4,520.7 $ 4,856.1 [2] $ 8,924.0 $ 9,608.4 [3]
Cost of services 3,734.8 3,993.8 7,374.4 7,883.0
Gross profit 785.9 862.3 1,549.6 1,725.4
Selling and administrative expenses 684.8 754.7 1,382.6 1,499.9
Operating profit 101.1 107.6 167.0 225.5
Interest and other expenses, net 8.7 11.8 17.1 19.3
Earnings before income taxes 92.4 95.8 149.9 206.2
Provision for income taxes 32.3 30.6 50.1 63.2
Net earnings $ 60.1 $ 65.2 $ 99.8 $ 143.0
Net earnings per share - basic $ 1.25 $ 1.3 $ 2.07 $ 2.84
Net earnings per share - diluted $ 1.24 $ 1.29 $ 2.05 $ 2.8
Weighted average shares - basic 47.9 50.2 48.1 50.4
Weighted average shares - diluted 48.4 50.7 48.7 51.0
[1] Our consolidated revenues from services include fees received from our franchise offices of $4.0 and $3.3 for the three months ended June 30, 2024 and 2023, respectively, and $7.3 and $7.2 for the six months ended June 30, 2024 and 2023, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $287.7 and $250.6 for the three months ended June 30, 2024 and 2023, respectively, and $564.9 and $500.8 for the six months ended June 30, 2024 and 2023, respectively.
[2] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.
[3] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.