Welcome to our dedicated page for ManpowerGroup news (Ticker: MAN), a resource for investors and traders seeking the latest updates and insights on ManpowerGroup stock.
ManpowerGroup Inc. (NYSE: MAN) has been a global leader in workforce solutions for over 75 years. Headquartered in Milwaukee, Wisconsin, this company connects over 600,000 individuals daily to meaningful employment opportunities across a broad spectrum of industries. Through its family of brands—Manpower, Experis, Right Management, and ManpowerGroup Solutions—the group serves more than 400,000 clients in 80 countries and territories, addressing critical talent needs by offering comprehensive solutions in recruitment, assessment, upskilling, reskilling, training, career management, outsourcing, and workforce consulting.
ManpowerGroup has earned its reputation for ethical practices and industry leadership, having been named one of the world’s most ethical companies for 14 consecutive years and one of Fortune’s most admired companies. This recognition underscores their commitment to integrity and excellence.
Recent Achievements and Projects:
- In Q4 2023, the company reported a net loss of $1.73 per diluted share, impacted by restructuring costs and non-cash charges. Despite these challenges, excluding these factors, earnings per share were $1.45, representing a decrease of 30% in constant currency from the previous year.
- ManpowerGroup continues to progress in its Diversification, Digitization, and Innovation (DDI) strategy, aimed at enhancing business operations and ensuring future growth.
- Experis, a ManpowerGroup brand, has partnered with ClearDATA to offer advanced cloud compliance and security solutions for the healthcare sector, enhancing their capability to provide top-notch IT solutions.
- ManpowerGroup celebrated its 75th anniversary in 2024 by ringing the closing bell at the New York Stock Exchange, reaffirming its enduring commitment to shaping the future of work.
- The company’s ongoing focus on AI and technology is evident in its active participation in Viva Technology events, where it promotes 'People-First Transformation' to bridge skills gaps and foster an inclusive future of work.
Financial Condition:
For the year ended December 31, 2023, ManpowerGroup reported net earnings of $88.8 million, with revenues at $18.9 billion— a 5% decrease from the prior year. The Southern European region continues to be the largest contributor to its geographical revenue.
Looking ahead, the company anticipates diluted earnings per share for Q1 2024 to range between $0.88 and $0.98, including estimated unfavorable currency impacts and excluding restructuring costs.
For more information on their innovative solutions and latest updates, visit manpowergroup.com.
ManpowerGroup (NYSE: MAN) reported Q4 2024 financial results with revenues of $4.4 billion, representing a 5% decrease (3% in constant currency) from the previous year. The company posted net earnings of $22.5 million, or $0.47 per diluted share, compared to net losses of $84.5 million ($1.73 per share) in the prior year period.
The quarter included restructuring costs, pension settlements, and losses from the Austria business sale, reducing earnings by $0.55 per share. Excluding these charges, earnings were $1.02 per diluted share, a 27% decrease in constant currency. The company experienced challenging conditions in Europe and North America, while Asia Pacific and Latin America showed good demand. The gross profit margin was 17.2%, with staffing margins remaining solid despite a slight decrease from mix.
For the full year 2024, revenues were $17.9 billion, down 6% (3% in constant currency), with net earnings of $145.1 million ($3.01 per diluted share). The company expects Q1 2025 earnings between $0.47 and $0.57 per share.
ManpowerGroup (NYSE: MAN) will participate in the World Economic Forum's 2025 Annual Meeting in Davos, focusing on workforce transformation amid AI and green transition challenges. The company's recent Talent Barometer reveals that while 70% of people are positive about green initiatives' impact on jobs, only 53% see AI benefiting their careers, and merely 25% perceive upward mobility opportunities.
During the event, ManpowerGroup will unveil its Accelerating Adaptability: 2025 Global Workforce Trends report and the 2025 Talent Shortage Survey, which indicates that 74% of employers globally face difficulties finding skilled talent despite AI advancement. The company will host a session titled 'What Will Work Be Once AI Grows Up?' and participate in WEF's Centre for the New Economy and Society Advisory Board discussions.
ManpowerGroup (NYSE: MAN) has announced its plans to release fourth quarter 2024 earnings results before market opening on Thursday, January 30, 2025. The company will host a live webcast to discuss the results at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) on the same day.
The webcast will be accessible through the company's website, with a replay available starting at 10:30 a.m. Central Time and remaining accessible for 30 days. Supplemental financial information and the earnings press release will be posted in the 'Financial Information' section of the company's website after 7:30 a.m. Central Time on January 30, 2025.
ManpowerGroup (NYSE: MAN) has appointed Ger Doyle as U.S. Country Manager, effective January 1, 2025. Doyle, currently Head of Experis U.S., will oversee ManpowerGroup's Experis, Manpower, Talent Solutions, and Jefferson Wells' operations in the country, reporting to Becky Frankiewicz, President, North America Region and Chief Commercial Officer.
Additionally, Kye Mitchell, who joined as President of Experis Services in June 2024, will succeed Doyle as Head of Experis U.S. Doyle joined ManpowerGroup in 2020 to lead Digital and Business Innovation and has successfully led Experis U.S. through significant transformation, including the ettain group acquisition.
Global hiring intentions remain stable with a Net Employment Outlook (NEO) of 25% for Q1 2025, according to ManpowerGroup's latest Employment Outlook Survey. The survey, covering 40,000+ employers across 42 countries, shows no change from Q4 2024 but a slight 1% decrease year-over-year.
The Americas lead regional hiring at 29%, followed by Asia Pacific (27%) and EMEA (19%). India (40%), U.S. (34%), and Mexico (32%) report the strongest country outlooks. By sector, IT leads at 37%, followed by Financials & Real Estate (33%) and Healthcare & Life Sciences (27%). Companies with 250-999 employees show the highest hiring intentions at 31%.
Notable highlights include the U.S. IT sector leading globally at 53%, Singapore's Transport & Logistics sector at 67%, and Belgium's strong Financial sector outlook at 53%.
ManpowerGroup (NYSE: MAN) announced key leadership changes effective January 1, 2025. David Herranz, currently Senior Vice President and Head of Sales in Europe, has been appointed Regional President of Southern Europe (excluding France). He will report to Chair & CEO Jonas Prising and join the Executive Leadership Team.
Additionally, Riccardo Barberis will continue as Regional President of Northern Europe while expanding his responsibilities to include France, following Alain Roumilhac's retirement. Herranz, who joined ManpowerGroup in 2021, previously led Sales and the Manpower Brand across Europe. The appointments aim to strengthen market leadership and accelerate the company's Diversification, Digitization, and Innovation strategy across Europe.
Experis Pricing Solutions and Vendavo have released the '2025 Pricing for Profitable Growth Outlook' report, analyzing pricing trends in manufacturing and distribution sectors. 46% of U.S. and European companies express cautious optimism for 2025, while 26% are proactively implementing new pricing models. The study reveals that 28% of companies prioritize value-based pricing, with only 29% utilizing AI for operations. Notable findings include that 52% of large companies maintain pricing teams of 11-20 people, with 95% planning to increase hiring in 2025.
Jefferson Wells' 2024 CFO Annual Survey Report reveals shifting priorities among financial leaders. Profitability emerges as the top challenge (36%), followed by inflationary pressures and economic uncertainty (32%). To address these challenges, CFOs are prioritizing investments in new technologies, particularly AI and automation, over traditional approaches like wage increases.
The survey highlights that company culture and resistance to change are the primary obstacles to business transformation. While cybersecurity remains a concern, it has decreased in priority as CFOs focus more on profitability and technology integration. Notably, CFOs plan to increase headcount for the first time since 2022, focusing on specialized skill sets to strengthen finance teams.
ManpowerGroup's Global Talent Barometer reveals a complex workplace paradox across 16 countries, with an overall score of 67%. The study, covering 12,000 workers, shows that while 80% find meaning in their work, 35% consider changing jobs within six months. The barometer measures three key indices: Well-Being (64%), Job Satisfaction (63%), and Confidence (74%).
Key findings highlight that 49% of employees face daily stress, and those with less stress are twice as likely to stay in their roles. While 71% feel connected to their organization's values, only 65% report adequate work-life balance. Notably, 87% feel confident in their skills, but 34% see growth opportunities. Regional variations show Mexico leading in work meaning (89%), while The Netherlands tops workforce well-being (73%).
ManpowerGroup (NYSE: MAN) announced that its Board of Directors has declared a semi-annual dividend of $1.54 per share. The dividend will be paid on December 16, 2024 to shareholders of record as of the close of business on December 2, 2024.
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