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Segment Data (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Data

Three Months Ended March 31, 2025

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(a)

 

$

688.8

 

 

$

517.0

 

 

$

160.5

 

 

$

11.3

 

Other Americas

 

 

367.9

 

 

 

313.2

 

 

 

40.5

 

 

 

14.2

 

 

 

 

1,056.7

 

 

 

830.2

 

 

 

201.0

 

 

 

25.5

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

965.7

 

 

 

824.8

 

 

 

119.9

 

 

 

21.0

 

Italy

 

 

397.8

 

 

 

333.7

 

 

 

39.5

 

 

 

24.6

 

Other Southern Europe

 

 

470.5

 

 

 

407.3

 

 

 

58.6

 

 

 

4.6

 

 

 

 

1,834.0

 

 

 

1,565.8

 

 

 

218.0

 

 

 

50.2

 

Northern Europe

 

 

730.8

 

 

 

604.4

 

 

 

144.7

 

 

 

(18.3

)

APME

 

 

476.4

 

 

 

398.1

 

 

 

58.3

 

 

 

20.0

 

Total Segments

 

 

4,097.9

 

 

 

3,398.5

 

 

 

622.0

 

 

 

77.4

 

Intercompany Eliminations

 

 

(7.6

)

 

 

(6.5

)

 

 

(1.1

)

 

0.0

 

 

 

$

4,090.3

 

 

$

3,392.0

 

 

$

620.9

 

 

$

77.4

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(41.1

)

Intangible asset amortization expense(b)

 

 

 

 

 

 

 

 

 

 

 

(8.1

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

28.2

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(11.5

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

16.7

 

 

(a)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $2.2 for the three months ended March 31, 2025.
(b)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.

 

 

Three Months Ended March 31, 2024

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(a)

 

$

680.4

 

 

$

501.5

 

 

$

166.9

 

 

$

12.0

 

Other Americas

 

 

356.0

 

 

 

296.7

 

 

 

45.2

 

 

 

14.1

 

 

 

 

1,036.4

 

 

 

798.2

 

 

 

212.1

 

 

 

26.1

 

Southern Europe:(b)

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,099.3

 

 

 

938.2

 

 

 

128.4

 

 

 

32.7

 

Italy

 

 

404.3

 

 

 

336.4

 

 

 

40.5

 

 

 

27.4

 

Other Southern Europe

 

 

477.7

 

 

 

412.8

 

 

 

55.1

 

 

 

9.8

 

 

 

 

1,981.3

 

 

 

1,687.4

 

 

 

224.0

 

 

 

69.9

 

Northern Europe

 

 

870.3

 

 

 

720.3

 

 

 

150.0

 

 

0.0

 

APME

 

 

535.1

 

 

 

453.5

 

 

 

61.7

 

 

 

19.9

 

Total Segments

 

 

4,423.1

 

 

 

3,659.4

 

 

 

647.8

 

 

 

115.9

 

Intercompany Eliminations

 

 

(19.8

)

 

 

(19.8

)

 

0.0

 

 

0.0

 

 

 

$

4,403.3

 

 

$

3,639.6

 

 

$

647.8

 

 

$

115.9

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(41.7

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(8.3

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

65.9

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(8.4

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

57.5

 

 

(a)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $2.4 for the three months ended March 31, 2024.
(b)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.
(c)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.