Group 1: Earnings Performance - ManpowerGroup reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, but down from $1.3 per share a year ago, representing an earnings surprise of +13.04% [1] - The company posted revenues of $4.52 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.78%, with year-ago revenues also at $4.52 billion [2] - Over the last four quarters, Manpower has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Manpower shares have declined approximately 25.3% since the beginning of the year, contrasting with the S&P 500's gain of 6.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $4.36 billion, and for the current fiscal year, it is $2.66 on revenues of $17.28 billion [7] Group 3: Industry Context - The Staffing Firms industry, to which Manpower belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Another company in the same industry, Insperity, Inc., is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decline of -52.3% [9]

ManpowerGroup (MAN) Q2 2025 Earnings Call July 17, 2025 08:30 AM ET Company ParticipantsJonas Prising - Chairman & CEOJack McGinnis - EVP & CFORyan Griffin - Senior Equity Research AssociatePrincy Thomas - AVP - Equity ResearchKartik Mehta - Executive Managing Director & Director - ResearchStephanie Moore - SVP - Equity ResearchTyler Barishaw - Equity Research AssociateConference Call ParticipantsMark Marcon - Senior Research AnalystAndrew Steinerman - Equity Research Analyst - Business & Info ServicesAndy ...

ManpowerGroup (MAN) Q2 2025 Earnings Call July 17, 2025 08:30 AM ET Speaker0Welcome to ManpowerGroup's Second Quarter Earnings Results Conference Call. You will be put into listen only mode until the question and answer time begins. This call is being recorded. If you care to drop off now, please do so. I would now like to turn the call over to ManpowerGroup's Chair and CEO, Mr.Jonas Prezeng. Sir, you may begin.Speaker1Welcome, and thank you for joining us for our second quarter twenty twenty five conferenc ...

[ManpowerGroup Q2 2025 Earnings Release](index=1&type=section&id=ManpowerGroup%20Q2%202025%20Earnings%20Release) This section provides an overview of ManpowerGroup's second quarter 2025 financial performance, including key highlights and the CEO's strategic commentary [Financial Highlights](index=1&type=section&id=Financial%20Highlights) ManpowerGroup reported a net loss of **$67.1 million** for Q2 2025, driven by a **$2.22 per share** negative impact from non-cash goodwill impairment and restructuring costs, with revenues flat at **$4.5 billion** | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenues | $4.5 billion | $4.5 billion | | Net (Loss) Earnings | ($67.1 million) | $60.1 million | | Net (Loss) Earnings Per Share (Basic) | ($1.44) | $1.25 | - Q2 2025 results included significant charges, notably an **$89 million** non-cash goodwill and intangible asset impairment charge on Swiss and UK businesses, restructuring costs, and losses from business sales, which collectively reduced earnings per share by **$2.22**[3](index=3&type=chunk)[4](index=4&type=chunk)[5](index=5&type=chunk) - Excluding special charges, adjusted diluted EPS for Q2 was **$0.78**, representing a **43% decrease** in constant currency from the prior year[3](index=3&type=chunk) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenues | $8.6 billion | $8.9 billion | | Net (Loss) Earnings | ($61.5 million) | $99.8 million | | Net (Loss) Earnings Per Share (Basic) | ($1.32) | $2.07 | [CEO Commentary and Outlook](index=2&type=section&id=CEO%20Commentary%20and%20Outlook) CEO Jonas Prising highlighted progress in the 'Diversify, Digitize and Innovate' strategy, noting mixed global demand with signs of stabilization in the U.S. and parts of Europe, and projecting Q3 diluted EPS between **$0.77** and **$0.87** - The company is executing its 'Diversify, Digitize and Innovate' plan, focusing on becoming a strategic workforce partner and accelerating AI adoption[7](index=7&type=chunk) - Market demand is mixed, but signs of stabilization are emerging in the US and parts of Europe, as the company focuses on market share gains and cost base adjustments[7](index=7&type=chunk) - ManpowerGroup anticipates Q3 2025 diluted earnings per share to be in the range of **$0.77** to **$0.87**, including an estimated favorable currency impact of **3 cents** and a high effective tax rate of **48.0%**[7](index=7&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) This section presents ManpowerGroup's detailed consolidated financial statements, including income statement, segment performance, balance sheet, and cash flow statement, along with company information and forward-looking statements [Company Information and Forward-Looking Statements](index=3&type=section&id=Company%20Information%20and%20Forward-Looking%20Statements) This section provides a corporate overview of ManpowerGroup as a leading global workforce solutions company and includes a standard forward-looking statements disclaimer, cautioning that actual results may differ from projections due to various risks and uncertainties - ManpowerGroup is a global workforce solutions company that develops and delivers innovative solutions through its brands: Manpower, Experis, and Talent Solutions[12](index=12&type=chunk) - The press release contains forward-looking statements regarding economic trends, financial outlook, and strategic initiatives, which are subject to risks and uncertainties detailed in the company's SEC filings, such as the Form 10-K[13](index=13&type=chunk) [Results of Operations (Income Statement)](index=4&type=section&id=Results%20of%20Operations%20(Income%20Statement)) For Q2 2025, ManpowerGroup's revenues were flat at **$4.5 billion**, but an **$88.7 million** impairment charge resulted in an operating loss of **$25.3 million** and a net loss of **$67.1 million**, with six-month revenues declining **3.5%** to **$8.6 billion** | Three Months Ended June 30 | 2025 (in millions) | 2024 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Revenues from services | $4,519.3 | $4,520.7 | 0.0% | | Gross profit | $763.7 | $785.9 | -2.8% | | Operating (loss) profit | $(25.3) | $101.1 | -125.0% | | Net (loss) earnings | $(67.1) | $60.1 | -211.6% | | Six Months Ended June 30 | 2025 (in millions) | 2024 (in millions) | % Change | | :--- | :--- | :--- | :--- | | Revenues from services | $8,609.6 | $8,924.0 | -3.5% | | Gross profit | $1,462.0 | $1,549.6 | -5.7% | | Operating profit | $2.9 | $167.0 | -98.3% | | Net (loss) earnings | $(61.5) | $99.8 | -161.6% | - A significant non-cash impairment charge of **$88.7 million** related to goodwill in Switzerland and the United Kingdom was recorded in Q2 2025, primarily driving the operating and net losses for both the three and six-month periods[16](index=16&type=chunk)[22](index=22&type=chunk) [Operating Unit Results (Segment Performance)](index=5&type=section&id=Operating%20Unit%20Results%20(Segment%20Performance)) Q2 2025 segment performance was mixed, with Southern Europe revenue growth of **2.4%** driven by Italy, while Americas remained flat, and Northern Europe and APME experienced revenue declines of **5.1%** and **3.0%** respectively, with Northern Europe recording an operating loss of **$9.0 million** | Q2 2025 Revenue by Segment | Revenue (in millions) | % Change (Reported) | % Change (Constant Currency) | | :--- | :--- | :--- | :--- | | Americas | $1,060.0 | -0.4% | +2.0% | | Southern Europe | $2,149.3 | +2.4% | -2.8% | | Northern Europe | $794.4 | -5.1% | -10.4% | | APME | $525.3 | -3.0% | -8.0% | | Q2 2025 Operating Profit by Segment | OUP (in millions) | % Change (Reported) | | :--- | :--- | :--- | | Americas | $36.1 | -19.9% | | Southern Europe | $73.3 | -11.9% | | Northern Europe | $(9.0) | -279.7% | | APME | $26.4 | +5.0% | - Effective January 1, 2025, the company realigned its segment reporting to include the Morocco business within Other Southern Europe, with all prior period results recast to conform to this new presentation[18](index=18&type=chunk)[24](index=24&type=chunk) [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, ManpowerGroup's total assets increased to **$8.51 billion**, while cash and cash equivalents decreased to **$289.8 million**, and short-term borrowings significantly increased to **$815.4 million**, leading to a decrease in total shareholders' equity to **$1.99 billion** | Balance Sheet Highlights (in millions) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $289.8 | $509.4 | | Total current assets | $5,143.1 | $4,970.3 | | Total assets | $8,505.3 | $8,201.0 | | Short-term borrowings and current maturities of long-term debt | $815.4 | $23.4 | | Total liabilities | $6,510.1 | $6,074.1 | | Total shareholders' equity | $1,995.2 | $2,126.9 | - Goodwill decreased slightly to **$1.55 billion**, while intangible assets, net, decreased to **$445.1 million** from **$486.1 million**, reflecting impairment and amortization[28](index=28&type=chunk) [Consolidated Statement of Cash Flows](index=9&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the company experienced a net cash outflow, with cash and cash equivalents decreasing by **$219.6 million**, primarily due to **$342.8 million** cash used in operating activities, partially offset by **$124.0 million** cash provided by financing activities | Six Months Ended June 30 (in millions) | 2025 | 2024 | | :--- | :--- | :--- | | Cash used in operating activities | $(342.8) | $(21.9) | | Cash used in investing activities | $(34.0) | $(21.6) | | Cash provided by (used in) financing activities | $124.0 | $(38.6) | | Change in cash and cash equivalents | $(219.6) | $(112.4) | - The net loss of **$61.5 million** and a **$209.6 million** use of cash from accounts payable were major contributors to the negative operating cash flow, despite a non-cash impairment add-back of **$88.7 million**[30](index=30&type=chunk) - Financing activities included net proceeds from debt of **$203.1 million** (**$67.1 million** short-term + **$136.0 million** revolving), which funded **$38.2 million** in stock repurchases and **$33.3 million** in dividends[30](index=30&type=chunk)

Revenues of $4.5 billion (flat as reported, -3% constant currency (CC), -1% organic CC) Latin America and Asia Pacific continued to experience good demand while demand in Europe and North America saw stabilizing trends in many markets during the quarter Manpower and Talent Solutions brands crossed back over to revenue growth in the quarter while Experis experienced declines on sluggish professional staffing demand Gross profit margin of 16.9% reflects a slight decrease from the previous quarter reflecting ...

Company Announcement - ManpowerGroup plans to release its 2nd quarter earnings results before the market opens on July 17, 2025 [1] - Management will discuss the results in a live webcast at 7:30 a.m. Central Time on the same day [1] - The webcast will be available for replay starting at 10:30 a.m. Central Time on July 17, 2025, and will remain accessible for 30 days [2] Company Overview - ManpowerGroup is a leading global workforce solutions company that helps organizations transform in a rapidly changing work environment [3] - The company provides innovative solutions for hundreds of thousands of organizations annually, focusing on sourcing, assessing, developing, and managing talent [3] - ManpowerGroup operates under several brands, including Manpower, Experis, and Talent Solutions, and has a presence in over 70 countries and territories [3] - The company has been recognized for its commitment to diversity and was named one of the World's Most Ethical Companies in 2025 for the 16th time [3]

Core Insights - ManpowerGroup Talent Solutions has been recognized as a Leader in Recruitment Process Outsourcing (RPO) for the 15th consecutive year by Everest Group in its 2025 PEAK Matrix® Assessment, highlighting the company's sustained investments in AI technologies and data-driven insights [1][2][4] Group 1: Leadership and Recognition - The achievement of 15 consecutive years of global leadership reflects the exceptional talent and dedication of the ManpowerGroup Talent Solutions team [2] - The PEAK Matrix Assessment evaluates RPO providers across seven dimensions, and Talent Solutions was recognized for its expanded capabilities that deliver measurable client value [2][3] Group 2: Technological Advancements - The PowerSuite™ platform incorporates generative and agentic AI innovations, enhancing hiring processes and providing real-time labor market insights [4] - The proprietary AI ecosystem, Sophie™, powers AI-driven capabilities that improve recruiter efficiency and deliver actionable insights [4] Group 3: Service Flexibility and Total Talent Capabilities - PowerSuite's modularized approach allows flexible deployment of services, enabling clients to scale solutions based on specific needs [5] - Deep contingent workforce management capabilities through TAPFIN support integrated total talent programs [6] Group 4: Consulting and Advisory Services - Expanded strategic workforce planning and skills advisory services, including partnerships for workforce transformation through Green Academies in various countries [7] Group 5: Industry Expertise - ManpowerGroup Talent Solutions is recognized for its expertise across multiple industries, including Manufacturing, BFSI, Hi-tech, Energy, Defense, and Telecom, with specialized solutions for Retail & Consumer Goods and Business & Professional Services [8] Group 6: Overall Value Proposition - The combination of cutting-edge technology and human expertise allows for customized solutions that drive business impact, addressing clients' needs for rapid scaling and specialized industry expertise [9]

Core Insights - The global Net Employment Outlook (NEO) for Q3 2025 stands at +24%, indicating stable hiring intentions despite trade uncertainties [2][4][8] - Companies investing in technology, AI, and automation show the most optimistic hiring plans, highlighting a connection between innovation and workforce confidence [1][4][8] Global Hiring Trends - 40% of employers plan to increase hiring, 42% will maintain current staff levels, 16% anticipate cuts, and 2% are uncertain about their hiring plans [1][8] - Asia Pacific leads with a hiring outlook of 29%, followed by the Americas at 27%, and Europe and the Middle East at 19% [6][8][10] Impact of Trade Uncertainty - 89% of companies report that trade uncertainty has influenced their hiring decisions, with many still planning for steady hiring in Q3 [3][8] - The trade situation has caused some companies to pause or slow their hiring plans, but overall hiring outlooks have stabilized [4][8] Sector-Specific Insights - The Information Technology sector has the strongest hiring outlook at 36%, followed by Financials & Real Estate at 28%, and Industrials & Materials at 26% [8] - Companies heavily investing in technology report more optimistic hiring plans compared to those not planning such investments [8] Regional Highlights - The United Arab Emirates tops global hiring intentions at 48%, followed by India at 42% and Costa Rica at 41% [9][17] - Argentina has the weakest global outlook at 3%, while countries like Israel and Sweden show significant year-over-year improvements [9][17]

New global research reveals why the most AI-forward companies are also doubling down on human potential—investing in people, not just technology.MILWAUKEE, Wis., June 9, 2025 /PRNewswire/ -- As artificial intelligence reshapes the world of work, ManpowerGroup returns to Viva Technology (VivaTech), taking place June 11–14 in Paris, with new global research that reveals a surprising truth: the companies investing most in technology are also investing most in people. ManpowerGroup returns to VivaTech, taki ...

Core Insights - ManpowerGroup announced five finalists for its "AI, Tech, & huManpower: Redefining the Future of Work" startup challenge, showcasing innovative AI solutions aimed at enhancing the human experience in the workplace [1][4] - The selected startups were chosen from 137 global applicants for their scalable technologies that align with ManpowerGroup's vision of using AI to support rather than replace human workers [2][4] Focus Areas of the Challenge - AI-Powered Marketing: Solutions that utilize AI-driven digital marketing to create emotional connections and match individuals with job opportunities that fit their skills and aspirations [2] - Personalized Job Journey: Technology solutions designed to provide a tailored experience throughout the job search and employment process, ensuring continuous engagement [2] - AI-Driven Redeployment: Leveraging AI to efficiently redeploy employees, reducing hiring time and costs while enhancing the experience for both employers and job seekers [3] Selected Finalists - **Coachello**: Enhances internal mobility and retention through AI-driven career mapping, assessing employability and providing personalized coaching [4] - **Hippolyte**: Offers a recruitment platform that combines advanced AI with proprietary LLM to identify and engage top talent via social media [5] - **Hunel.io**: Helps staffing firms convert missed matches into placements by integrating with ATS and CRM systems to re-route candidates [6] - **Popp**: An AI-native recruitment assistant that automates routine tasks, allowing recruiters to focus on strategic contributions [7] - **Workait**: A marketplace of autonomous AI workers that can perform complex tasks, enabling businesses to scale expertise continuously [8] Event Details - The finalists will present their solutions live at the VivaTech event in Paris from June 11-14, with a dedicated client event hosted by ManpowerGroup on June 10 [9]