ManpowerGroup

ManpowerGroup, Inc. engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices. The Southern Europe segment provides permanent, temporary and contract recruitment, assessment and selection, training and outsourcing services. Northern Europe includes a comprehensive suite of workforce solutions and services through Manpower, Experis, ManpowerGroup Solutions in the United Kingdom, the Nordics, Germany, and the Netherlands. The Asia Pacific Middle East segment operates in Japan, Australia, Korea, China, and India. The Right Management segment delivers talent and career management workforce solutions. The company was founded by Elmer Winter and Aaron Scheinfeld in 1948 and is headquartered in Milwaukee, WI.

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ManpowerGroup reports mixed Q4 performance with growth opportunities ahead

ManpowerGroup's Q4 2022 performance was mixed, with revenue decline but adjusted EBITA holding steady.
Strengths include Talent Solutions growth and improvements in gross profit margin.
Challenges include the slowdown in the Manpower brand and specific regional revenue declines.
Opportunities lie in expected hiring momentum, potential global economic growth, and skill-specific client requirements.

ManpowerGroup reports Q1 revenue decline, eyes staffing margin optimization

ManpowerGroup's Q1 performance reflected challenges in demand but highlighted strengths in certain segments. The company faces ongoing revenue softening and cautious outlook for Q2. However, opportunities exist in optimizing staffing margins and pursuing strategic acquisitions.

ManpowerGroup reports Q2 revenue decline, eyes growth in APME

ManpowerGroup faced revenue decline and decreased EBITDA in Q2 2023, with challenges in the U.S. and Europe.
Strengths in Asia Pacific and Latin America, stable revenue trends, and investments in digitization.
Challenges include weakened demand for recruitment services and a softer temporary staffing environment.
Opportunities lie in competitive pricing, growth in APME segment, and rebound potential in the staffing industry.

ManpowerGroup reports revenue decline, focuses on transformation and stability

ManpowerGroup navigated revenue declines with cost reduction initiatives and a focus on guiding clients and candidates through economic uncertainties.
Challenges include revenue declines in key brands, subdued demand from tech clients, and uncertainty around gross margin headwinds.
Opportunities lie in the transformation agenda, sequential stability in the U.S., and leveraging digital platforms for branch network stability.
Resilience in Asia Pacific and Latin America, along with progress in centralizing finance and technology systems, position ManpowerGroup for future growth.

ManpowerGroup faces revenue declines but positions for growth and resilience

ManpowerGroup faced revenue declines and EBITDA decreases in Q4 and full-year 2023, driven by cautious employer sentiment and economic challenges in North America and Europe.
Despite challenges, the company's DDI strategy, technology advancements, and market opportunities in Japan and Right Management services position it for future growth and resilience.
Efficiency initiatives and cost management actions are being leveraged to navigate the current environment while maintaining talent and focusing on margin preservation and expansion.
Optimism from European business leaders and stable bill rates amidst geopolitical uncertainties highlight strategic planning and potential for market resilience and growth.

ManpowerGroup reports revenue decline in Q1 2024 amidst economic uncertainty

ManpowerGroup faces challenges from economic uncertainty but remains optimistic. Strategic initiatives in digital transformation and AI aim to drive efficiencies. Diversification efforts and cost-cutting measures are underway to navigate market conditions.

ManpowerGroup reports Q2 revenue decline, eyes digital transformation for growth

ManpowerGroup navigated challenges with stable demand and cost efficiencies but faced margin pressures.
Strategic investments in digital transformation and sustainability position the company for future growth opportunities.
Geopolitical uncertainties and market competition present challenges amid a focus on workforce development and innovation.

ManpowerGroup reports Q3 revenue decline but emphasizes innovation and growth opportunities

ManpowerGroup's Q3 performance showcased revenue decline but resilience in top-line trends and cost management efforts.
While facing challenges in key markets, the company emphasized innovation, sustainability, and data-centric strategies for future growth.
Opportunities lie in Latin America and Asia Pacific, with a focus on unlocking growth in Northern Europe and sustaining competitive advantages.
Analysts' inquiries highlighted areas of concern like temporary hiring trends and cost management, shaping the company's strategic focus.

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ManpowerGroup, Inc. engages in the provision of workforce solutions and services. It operates through the following geographical segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices. The Southern Europe segment provides permanent, temporary and contract recruitment, assessment and selection, training and outsourcing services. The Northern Europe segment includes a comprehensive suite of workforce solutions and services through Manpower, Experis, ManpowerGroup Solutions in the United Kingdom, the Nordics, Germany, and the Netherlands. The APME segment operates in Japan, Australia, Korea, China, and India. The company was founded by Elmer Winter and Aaron Scheinfeld in 1948 and is headquartered in Milwaukee, WI.

Employers in all 41 countries anticipate a positive hiring Outlook in Q2, with 22 of 41 countries reporting higher intentions compared to last quarter. The most optimistic Outlooks are reported by employers in IT, Communication Services, and Finance/Real Estate Global talent shortages are at an all-time high: 77% of employers report difficultly in filling roles, with the most difficult roles to fill in IT & Data, Engineering, and Sales & Marketing.

Hiring Outlook Remains Optimistic for Q2 as Global Talent Shortage Hits 17-Year High

ManpowerGroup honored as one of the companies demonstrating exceptional leadership and a commitment to integrity through best-in-class ethics, compliance, and governance MILWAUKEE , March 13, 2023 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) announced today that it once again has been recognized as one of the World's Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This marks the 14th time ManpowerGroup has received the distinction and the company remains the only one in its industry to be recognized for more than a decade for playing a critical role in driving positive change in societies and communities around the world.

ManpowerGroup Named One of the World's Most Ethical Companies for the 14th Time

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MILWAUKEE , Feb. 16, 2023 /PRNewswire/ -- Talent Solutions Right Management, part of the ManpowerGroup (NYSE: MAN) family of brands, has been recognized as a global leader and Star Performer in Everest Group's Outplacement and Career Transition Services PEAK Matrix® Assessment 2023, receiving one of the best overall scores in their comprehensive evaluation framework. Talent Solutions Right Management was recognized for "significantly increasing the transformational impact delivered to clients" via improvements to its outplacement technology platform, investments in internal transitions and redeployment offerings, and the creation of a strategic road map for the digital delivery of its services.

Talent Solutions Right Management Recognized by Everest Group as Leader and Star Performer for Outplacement and Career Transition Services

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MILWAUKEE , Feb. 13, 2023 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) is now accepting submissions from the best and brightest startups to help source and solve the most pressing issues facing the world of work as part of the 2023 Viva Technology Startup Challenges. Ahead of this year's VivaTech, Europe's biggest startup and tech event, ManpowerGroup has laid out three challenges at the forefront of HR tech as we look to continue to be a force for good to unlock potential, enhance equity, and enable a more sustainable future: Challenge 1 - Rethinking the employee experience Challenge 2 - Climate awareness and ethical AI Challenge 3 - Developing future skills These challenges will crowdsource solutions to tackle problems including culture-building through innovative and data-driven technology, enabling Green Recruiting and closing the green skills gap, the ethical use of Artificial Intelligence in resume selection, and using technology to upskill leaders and managers to be more empathic.

ManpowerGroup Launches 2023 VivaTech HR Challenges to Power the Future of Work

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ManpowerGroup's (MAN) fourth-quarter 2022 revenues decline year over year.

ManpowerGroup (MAN) Q4 Earnings Miss Estimates, Decline Y/Y

ManpowerGroup Inc. (NYSE:MAN ) Q4 2022 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Jonas Prising - Chairman, Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - JP Morgan Jeff Silber - BMO Capital Markets Ronan Kennedy - Barclays Mark Marcon - Baird Kartik Mehta - Northcoast Research Jasper Bibb - Truist Securities George Tong - Goldman Sachs Heather Balsky - Bank of America Operator Welcome to ManpowerGroup's fourth quarter earnings results conference call. At this time, all participants are in a listen-only mode until the Q&A session of today's conference.

ManpowerGroup (MAN) Q4 2022 Earnings Call Transcript

Manpower (MAN) delivered earnings and revenue surprises of -2.80% and 0%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

ManpowerGroup (MAN) Lags Q4 Earnings Estimates

Staffing services company ManpowerGroup MAN, -0.34% reported Tuesday fourth-quarter profit that fell shy of expectations, as a strong dollar hurt results, while revenue topped expectations by declined more than 10% as demand softened. Net income fell to $48.7 million, or 95 cents a share, from $111.1 million, or $2.02 a share, in the year-ago period.

Staffing provider ManpowerGroup misses profit expectations amid a ‘softening demand environment'

Revenues of $4.8 billion (-11% as reported, -1% constant currency (CC)) Gross profit margin of 18.2%, up 100 basis points year over year reflecting business mix progress and solid permanent recruitment trends Talent Solutions experienced good revenue growth driven by RPO and Right Management Experis and Manpower revenue trends impacted by softening environment in Europe and North America Non-cash goodwill impairment charge of $50 million in the fourth quarter Repurchased $25 million of common stock MILWAUKEE , Jan. 31, 2023 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today reported net earnings of $0.95 per diluted share for the three months ended December 31, 2022 compared to $2.02 per diluted share in the prior year period. Net earnings in the quarter were $48.7 million compared to $111.1 million a year earlier.

ManpowerGroup Reports 4th Quarter 2022 Results

ManpowerGroup (MAN) is likely to witness a year-over-year decline in earnings and revenues in the fourth quarter of 2022.

ManpowerGroup (MAN) Gears Up for Q4 Earnings: What to Expect

Dedicated to providing best-shoring IT talent solutions, serving global markets, the Experis Offshore Delivery Center will focus on sourcing and recruiting perm and temp assignments, and project delivery services for global clients MILWAUKEE , Jan. 18, 2023 /PRNewswire/ -- With 76% of IT and Tech employers reporting difficulty hiring talent, new and innovative solutions are needed to source and recruit skilled workers. In order to meet the growing demand, Experis, the global leader in IT professional resourcing and services and part of ManpowerGroup (NYSE: MAN), today announced the opening of a new recruiting and talent sourcing center in India's high-growth tech hub of Bengaluru.

Experis Opens State-of-the-Art Offshore Delivery Center in India's High-growth Tech Hub of Bengaluru

Shifting generational needs and growing demands for greater choice will be key drivers in the race for talent MILWAUKEE , Jan. 12, 2023 /PRNewswire/ -- Amidst the growing digitization of work and the workforce, ManpowerGroup's new 2023 trends report, "The New Human Age," finds that although technology may be the great enabler, humans are still the catalyst to the future. This research, published ahead of the World Economic Forum Annual Meeting in Davos, Switzerland, which features input from 13,000 decision-makers and 8,000 workers from across eight countries and regions, identifies 14 key trends shaping the future of work and impacting today's employers and the people they employ.

ManpowerGroup's 2023 Workforce Trends Report Reveals "The New Human Age" Is Upon Us

ManpowerGroup may have seen revenue fall recently, but profits and cash flows are looking nice. Weakness has been an issue on the sales front, and the picture looks set to worsen in the quarters that lie ahead.

ManpowerGroup: Upside Still Exists Despite Concerns Over Weakness

High Demand for Skilled IT, Finance and Production Talent Persists Some signs of slowdowns emerge – employment outlook declines 4% quarter-over-quarter and 12% year-over-year MILWAUKEE , Jan. 5, 2023 /PRNewswire/ -- Today, ManpowerGroup (NYSE: MAN) released the results of its 2023 Q1 Employment Outlook Survey of more than 6,000 U.S. employers. The survey results show that while the impact of a potential recession and rising inflation dampens the hiring Outlook quarter-over-quarter and year-over-year, U.S. employers continue to report upbeat hiring plans.

Q1 U.S. Hiring Outlook Remains Strong, Yet Signs of Slowdown Emerge

Employers still face a global talent shortage; the Information Technology sector leads the way in Q1 2023 hiring While the impact of a potential recession and rising inflation dampen the hiring Outlook quarter-over-quarter and year-over-year, employers continue to look for new talent, reporting a solid Net Employment Outlook of +23% for Q1. Strongest hiring intentions among organizations are reported in Panama (+39%), Costa Rica (+35%), and Canada (+34%); weakest in Hungary (-8%), Poland (-2%), and the Czech Republic (+1%).

Hiring Momentum Continues for Q1, Though Signs of Softening Begin

MILWAUKEE , Jan. 4, 2023 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, today announced that it plans to release 4th quarter earnings results before the market opens on Tuesday, January 31, 2023. Management will discuss the results the same day in a live webcast at 7:30 a.m.

ManpowerGroup to Announce 4th Quarter 2022 Earnings Results

MILWAUKEE , Nov. 29, 2022 /PRNewswire/ -- In an effort to understand key factors and concerns impacting U.S. Internal Audit executives, Jefferson Wells, the Finance & Accounting, Internal Audit, Risk & Compliance, and Tax professional services firm, part of ManpowerGroup (NYSE: MAN), announced today results from its sixth annual Internal Audit Priorities survey. While cybersecurity continues as the number one risk, Environmental, Social, and Governance (ESG) jumped up to number two on the list of emerging risks.

Cybersecurity and ESG Among Top Areas of Concern for Audit Leaders in 2023

Now in its ninth year, the Total Workforce Index™ analyzes more than 200 factors to evaluate workforce availability, cost efficiency, regulation, and productivity across 69 markets. When analyzing all the data, including workforce availability, employment-friendly regulatory environments, remote-ready infrastructures, cost efficiency, and productivity, the top three overall markets are the United States, Singapore, and Canada.

ManpowerGroup Talent Solutions' Total Workforce Index™ Reveals United States, Singapore, and Canada as the Top Markets for Talent

The program will be delivered by Experis, ManpowerGroup's IT specialist brand, to address national cyber talent shortage MILWAUKEE , Nov. 15, 2022 /PRNewswire/ -- As part of the National Cybersecurity Apprenticeship Sprint launched by the White House, the U.S. Department of Labor, the U.S. Department of Commerce, and U.S. Department of Homeland Security in July, ManpowerGroup today announced its new national Registered Apprenticeship Program for Cybersecurity Analysts. The program, approved by DOL's Office of Apprenticeship (OA), will be administered by Experis, a global leader in IT professional staffing and project services and part of ManpowerGroup, and will be open to Experis' IT clients and channel partners.

News for ManpowerGroup Stock (MAN)