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) is set to announce its consolidated 4th quarter earnings results on February 1, 2022, before the market opens. The management will discuss the results in a live webcast at 7:30 a.m. CT the same day, which will be accessible on their website. A replay of the webcast will be available starting at 10:30 a.m. CT for 30 days. The company is recognized for its workforce solutions and has been listed among the World's Most Ethical Companies for 12 years, underscoring its commitment to diversity and inclusion.
ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.26 per share, set to be paid on December 15, 2021. Shareholders must be on record by the close of business on December 1, 2021 to qualify. As a leading global workforce solutions company, ManpowerGroup provides innovative talent solutions across over 75 countries. The company has been recognized for its commitment to diversity and ethical practices, being named one of the World's Most Ethical Companies for the 12th consecutive year.
ManpowerGroup (NYSE: MAN) has announced the validation of its greenhouse gas emissions reduction targets by the Science Based Targets initiative (SBTi). The company aims for a 60% reduction in operational emissions and a 30% reduction in supply chain emissions by 2030, as part of its commitment to achieve net zero by 2045. This validation assures stakeholders of ManpowerGroup's dedication to climate action, aligning with global efforts highlighted during COP26. The company has been transparent in its climate commitments, recently engaging with the World Economic Forum to promote public-private collaborations for climate initiatives.
ManpowerGroup (NYSE: MAN) reported a significant increase in third-quarter net earnings, reaching $1.77 per diluted share, up from $0.18 last year, with total earnings of $97.7 million. Revenues surged by 12% to $5.1 billion. Restructuring and acquisition costs related to its Mexico business and ettain group adversely affected EPS by $0.16. Excluding these costs, EPS was $1.93. The company anticipates fourth-quarter diluted EPS between $1.99 and $2.07, factoring in an estimated currency impact. Year-to-date net earnings total $271.3 million, compared to a net loss of $52.4 million last year.
On October 6, 2021, Qwil and TAPFIN announced a partnership to offer early financing solutions for TAPFIN's staffing suppliers. This innovative payment option allows suppliers to receive payments as soon as their invoices are approved, independent of standard billing terms. As a result, suppliers can select their payment terms, improving cash flow. This integration seeks to provide greater transparency and flexibility for suppliers with no enrollment costs. The partnership represents a notable advancement in contingent staffing finance.
ManpowerGroup (NYSE: MAN) plans to release its 3rd quarter 2021 earnings results on October 19, 2021, before market opening. A live webcast will be held at 7:30 a.m. CT to discuss the results. The webcast can be accessed on the company's website and will be available for replay starting at 10:30 a.m. CT the same day.
On October 1, 2021, ManpowerGroup (NYSE: MAN) announced the successful acquisition of ettain group, a leading IT resourcing provider in North America. This strategic move aims to diversify ManpowerGroup's offerings into high-growth, high-value services, particularly enhancing its Experis business segment. The acquisition will bolster capabilities in Financial Services, Healthcare, and Government sectors, benefiting clients with specialized IT solutions. The integration is expected to create synergies and expand ManpowerGroup's market presence across North America.
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