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.
On July 1, 2021, Jonas Prising, Chairman & CEO of ManpowerGroup, was elected Chair of the JA Worldwide Board, aiming to enhance employment and entrepreneurship skills for over 12 million youths annually across 100 countries. Prising emphasized the urgency of preparing future generations for the evolving workforce. This leadership role, praised by JA Worldwide's CEO Asheesh Advani, signifies a strategic partnership to combat youth unemployment, particularly exacerbated by the pandemic. ManpowerGroup's long-standing collaboration with JA Worldwide highlights its commitment to community engagement and volunteerism.
ManpowerGroup (NYSE: MAN) returns as the HR partner for the Viva Technology conference in Paris, focusing on sustainable employment solutions. The event, attracting over 8,000 participants, emphasizes innovation aimed at improving job matching and skills development using AI and analytics. Highlighted initiatives include Experis Career Accelerator® and MyPath®, targeting skill gaps in tech sectors. CEO Jonas Prising will engage in discussions on AI ethics and recruitment challenges. The company underscores its commitment to creating resilient workforces and expanding opportunities for workers globally.
ManpowerGroup's Employment Outlook Survey reveals a robust hiring outlook in Q3 2021, with 42 of 43 countries reporting improved hiring prospects. Despite this optimism, 69% of employers face talent shortages, the highest in 15 years. The U.S. reports its most positive outlook in over two decades, particularly in the Hospitality sector, with a +25% forecast. However, employers struggle with roles that require physical presence. Key difficulties are noted in Europe, especially France, Romania, and Italy, while regions like China and South Africa show less struggle in finding skilled workers.
ManpowerGroup (NYSE: MAN) reports a 15-year high in global talent shortages, with 70% of employers struggling to hire skilled workers in key areas such as IT, Manufacturing, and Sales. This is compounded by the pandemic's influence on workforce digitization; 69% of employers face challenges finding candidates with the necessary technical and human skills. The company emphasizes the urgency of addressing inequities in the job market and plans to share solutions at the World Economic Forum Jobs Reset Summit. A detailed report will be released on June 8.
ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.26 per share, reflecting a 7.7% increase from the previous dividend of $1.17. This dividend is scheduled for payment on June 15, 2021, to shareholders recorded by the close of business on June 1, 2021. The company's consistent growth and commitment to shareholder value are underlined by this increase, showcasing its strong financial position.
ManpowerGroup Talent Solutions (NYSE: MAN) has been recognized as the global leader in Recruitment Process Outsourcing (RPO) for the eleventh consecutive year by Everest Group. This accolade highlights the company's best-in-class HR technology and expertise in total talent management. Clients benefit from customized workforce solutions, helping them navigate uncertainties and improve supply chain resilience. The Everest Group PEAK Matrix assesses capabilities across various dimensions, confirming ManpowerGroup's strong market position through its extensive RPO deal portfolio and innovative technological investments.
ManpowerGroup (NYSE: MAN) reported a significant increase in net earnings for Q1 2021, reaching $1.11 per diluted share compared to $0.03 a year earlier. Total net earnings surged to $62.0 million from $1.7 million, driven by a 7% rise in revenues to $4.9 billion. Adjusted earnings per share, excluding prior year charges, increased 28% on a constant currency basis. The company also noted an improvement in Days Sales Outstanding by 3.7 days. ManpowerGroup anticipates diluted earnings per share between $1.36 and $1.44 for Q2 2021, factoring in a favorable currency impact.
ManpowerGroup (NYSE: MAN) has appointed Riccardo Barberis as the new Regional President for Northern Europe, effective May 17, 2021. Barberis, who has been with the company since 1998, previously served as the country manager for ManpowerGroup Italy. He will oversee all brands in the region, including Manpower, Experis, and Talent Solutions, reporting directly to CEO Jonas Prising. Prising highlighted Barberis' extensive industry knowledge and client-focused approach, which are expected to drive growth in Diversification, Digitization, and Innovation initiatives.
ManpowerGroup (NYSE: MAN) will announce its 1st quarter earnings results on April 20, 2021, before market opening. The management will host a live webcast at 7:30 a.m. CDT to discuss these results, which can be accessed through their website. A replay will be available post-webcast, accessible for 30 days. ManpowerGroup has consistently been recognized for its diversity and ethical practices, enhancing its reputation as a leader in workforce solutions.
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