ManpowerGroup - MAN STOCK NEWS

ManpowerGroup (NYSE: MAN) reported a decline in net earnings for Q4 2020, with earnings per diluted share falling to $1.33 from $2.33 a year earlier. Revenues dropped by 3% to $5.1 billion, influenced by restructuring costs which decreased earnings by $0.15 per share. On a constant currency basis, revenue fell 6%, and net earnings per diluted share decreased by 39%. The company anticipates Q1 2021 diluted EPS between $0.64 and $0.72, benefitting from a favorable currency impact of 7 cents.

Despite challenges, the company highlights strategic progress in 2020, focusing on diversification, digitization, and innovation.

ManpowerGroup's recent research reveals that the COVID-19 pandemic has accelerated digitization among companies worldwide. The study, surveying over 26,000 employers in more than 40 countries, indicates that 38% of organizations are speeding up their digitization efforts, leading to job creation, with 86% of these employers planning to increase or maintain headcount. HR priorities have also shifted towards employee health and well-being, with 63% of HR leaders focusing on this in 2021. ManpowerGroup emphasizes the need for skills development to address employment gaps caused by the pandemic.

ManpowerGroup (NYSE: MAN) will release its 4th quarter 2020 earnings results on February 2, 2021, before market opening. A live webcast discussing these results will be held at 7:30 a.m. CST, accessible via the company's website. The replay will be available from 10:30 a.m. CST the same day for 30 days. Renowned for workforce solutions, ManpowerGroup operates globally, supporting organizations in talent management for over 70 years. Recognized for diversity and ethics, the company aims to connect skilled talent with meaningful employment opportunities.

ManpowerGroup (NYSE: MAN) has launched its 2020 Social Impact Report titled "Working to Change the World: A Sustainable Future for Workers". The report highlights the company's commitment to creating social value amidst the pandemic by reskilling workers for in-demand sectors and supporting public health efforts. CEO Jonas Prising emphasizes the vital role businesses play in addressing societal inequities. The report showcases contributions towards a skilled, diverse, and well-being-oriented workforce while detailing ESG efforts in various areas including diversity, human rights, and environmental sustainability.

According to the latest ManpowerGroup Employment Outlook Survey, U.S. employers show a positive hiring outlook for Q1 2021, with all 12 industry sectors predicting job growth. Key sectors include Leisure and Hospitality (+26%) and Transportation and Utilities (+22%). The Midwest leads regional hiring intentions at +20%. The survey highlights improved hiring across all sectors, particularly in Nondurable Goods Manufacturing, which increased by 10 percentage points. Employers are focusing on employee well-being and upskilling as they prepare for a post-pandemic environment.

ManpowerGroup's Employment Outlook Survey indicates improved hiring intentions worldwide, with 32 out of 43 countries showing positive trends since the last quarter. The greatest optimism is noted in the Asia Pacific and Americas, while Europe remains cautious. Key highlights include a +17% increase in hiring outlook in the U.S. and significant improvements in Singapore (+17%) and Costa Rica (+16%). However, 13% of employers foresee a delay in returning to pre-pandemic hiring levels until July 2021, down from 54% previously. The next hiring expectations survey is scheduled for March 9, 2021.