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 has launched a national Registered Apprenticeship Program for Cybersecurity Analysts, addressing the significant national cyber talent shortage. This initiative, part of a White House-sponsored project, will be managed by Experis, ManpowerGroup's IT brand. The program allows apprentices to learn at their own pace while earning recognized credentials. With a proven success rate, companies using apprenticeships report an average $1.47 return on every $1 invested. This move aims to enhance the workforce's skills amid escalating cybersecurity demands.
ManpowerGroup (NYSE: MAN) has elected Muriel Pénicaud to its Board of Directors, effective December 12, 2022. Pénicaud, former French Ambassador to the OECD and Minister of Labor, brings extensive knowledge of global labor markets and leadership experience in the consumer goods sector. Her roles include CEO of Business France and Senior Executive VP of Danone, focusing on HR. Pénicaud’s appointment aims to strengthen the company’s commitment to sustainability, inclusivity, and workforce development, aligning with its global strategy to deliver stakeholder value.
The Board of Directors of ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.36 per share. This dividend is payable on December 15, 2022, to shareholders of record as of the close of business on December 1, 2022. ManpowerGroup, a leader in global workforce solutions, continues to demonstrate commitment to its shareholders through consistent dividend payments. The company has been recognized for its ethical practices and diversity initiatives, further enhancing its reputation in the workforce industry.
ManpowerGroup reported third-quarter revenues of $4.8 billion, reflecting a 7% decline year-over-year but a 5% increase on a constant currency basis. Net earnings rose to $2.13 per diluted share, up from $1.77 in the prior year. The gross profit margin improved to 18.3%, driven by a stronger performance in the Experis and Talent Solutions brands. The company repurchased $85 million in stock and eliminated $50 million in debt. Despite a challenging environment, ManpowerGroup anticipates earnings per share between $2.11 and $2.19 for Q4.
Experis, part of ManpowerGroup (NYSE: MAN), has partnered with Cisco (NASDAQ: CSCO) to provide IT training globally for various learners, aiming to support those transitioning into IT roles. Amid a talent shortage where over 75% of IT employers struggle to fill positions, this initiative seeks to train and place over 1,000 individuals in IT jobs within the first year. Courses will cover essential areas like Cybersecurity and Programming. The collaboration features the Experis MITEY Matcher, an AI job platform to help users connect their new skills with employment opportunities.
On Oct. 13, 2022, Jefferson Wells released its 2022 CFO Priorities Survey, revealing the top concerns of over 200 CFOs in the U.S. The survey indicated that digitization, talent retention, and cybersecurity are key priorities. Notably, 35% of CFOs ranked cybersecurity as their primary concern, with 60% actively involved in their company's cyber risk strategies. The survey also highlighted that 57% of CFOs anticipate a hybrid workforce and face challenges in maintaining corporate culture and team communication.
ManpowerGroup (NYSE: MAN) plans to release its 3rd quarter earnings results before the market opens on October 20, 2022. A live webcast discussing the results will follow at 7:30 a.m. CT. Interested parties can access the webcast through the company's website. A replay of the webcast will be available starting at 10:30 a.m. CT the same day and will remain accessible for 30 days.
ManpowerGroup and UiPath announced an expansion of their strategic partnership to enhance go-to-market automation solutions across finance, HR, and IT sectors. The collaboration aims to accelerate workforce solutions that integrate automation, aiming to mitigate talent shortages and improve productivity globally. According to the ManpowerGroup Employment Outlook Survey, 45% of employers plan to hire more workers, particularly in digital roles. The partnership positions them to address pressing workforce needs while helping businesses achieve greater efficiency through automation.
Experis, a leader in IT staffing, has been recognized as a Leader and Star Performer in the Everest Group's U.S. Contingent Staffing Services PEAK Matrix® Assessment 2022. This acknowledgement highlights Experis's strong capabilities in IT staffing, project solutions, and managed services, driven by innovative AI tools such as the Experis Career Accelerator and Experis Academy. The assessment evaluated 27 companies based on their market success and delivery capability, with Experis noted for its focus on business transformation, cyber security, and cloud services. The company has also expanded its capabilities through strategic acquisitions and career development initiatives.
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