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 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.
ManpowerGroup (NYSE: MAN) has appointed Jean-Philippe Courtois, Microsoft Executive VP, and William P. Gipson, former Procter & Gamble executive, to its Board of Directors, effective December 14, 2020. Courtois brings expertise in digital transformation, while Gipson has a strong background in innovation and diversity. The additions aim to enhance ManpowerGroup's strategic priorities, particularly in digitization and innovation. The company continues to be recognized for its diversity and ethical practices amidst global workforce challenges.
On November 6, 2020, ManpowerGroup (NYSE: MAN) announced a semi-annual dividend of $1.17 per share, reflecting a 7.3% increase from the previous $1.09 dividend paid in June 2020. This dividend will be paid on December 15, 2020 to shareholders on record as of December 1, 2020.
The company continues to position itself as a global leader in workforce solutions, helping organizations adapt to the evolving job market.
ManpowerGroup (NYSE: MAN) reported Q3 2020 net earnings of $0.18 per diluted share, down from $2.42 in the same period last year. Total net earnings for the quarter were $10.3 million, a significant drop from $146.1 million a year earlier. Revenues fell 13% year-over-year to $4.6 billion. The current quarter faced restructuring costs and other special items, impacting earnings by $1.02 per share. The company expects Q4 earnings per diluted share to range between $1.06 and $1.14.
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