Core Insights - ManpowerGroup Inc. (MAN) is experiencing challenges due to weak demand in certain geographies, impacting growth in 2024, despite having a strong Growth Score of B and an expected earnings increase of 14% year over year for 2025 [1] Group 1: Business Performance and Strategy - ManpowerGroup provides comprehensive workforce solutions, including recruitment, training, outsourcing, and consulting services, which helps mitigate concentration risks through a diversified business mix and geographic footprint [2] - The company is focusing on strong pricing and cost control while investing significantly in technology to enhance productivity and efficiency, including cloud-based applications and global technology infrastructure [3] - Recent acquisitions, such as Tingari in 2022 and ettain in 2021, have strengthened ManpowerGroup's Talent Solutions brand and its Experis business, particularly in Financial Services, Healthcare, and Government sectors [3] Group 2: Shareholder Returns - ManpowerGroup has demonstrated a commitment to shareholder returns, repurchasing $179.8 million in shares in 2023, $270 million in 2022, and $210 million in 2021, alongside dividend payments of $144.3 million, $139.9 million, and $136.6 million over the same period [4] - The anticipated Fed rate cuts may create a more favorable economic environment for growth, potentially leading to increased hiring and bolstering ManpowerGroup's income and cash flow for stable dividend payouts [4] Group 3: Challenges and Financial Position - The company faces significant challenges, particularly in Europe and North America, where hiring remains sluggish due to a weak macroeconomic environment and political uncertainties, especially in France [5] - ManpowerGroup's liquidity position, indicated by a current ratio of 1.15 at the end of Q3 2024, is below the industry average of 1.46, suggesting a need for monitoring despite being above 1, which typically indicates a capacity to meet short-term obligations [6] Group 4: Market Position and Comparisons - ManpowerGroup currently holds a Zacks Rank of 3 (Hold), with better-ranked stocks in the Zacks Business Services sector including UiPath (Rank 1) and RB Global, Inc. (Rank 1), both of which have higher long-term earnings growth expectations [7][8]

Core Insights - C-suite leaders in U.S. and European manufacturing and distribution sectors express optimism for 2025, anticipating a shift in buyer sentiment [1][2] - The report emphasizes the importance of adapting pricing models to align with economic growth and evolving buyer expectations [2][4] Pricing Strategies - Nearly half (46 percent) of manufacturers and distributors report cautious optimism and are preparing pricing models for better economic conditions, with 26 percent taking proactive measures to implement new products and pricing models [3][4] - Companies focusing on proactive pricing strategies, value-based approaches, and technology will gain a competitive edge in a fluctuating market [4] Market Pressures and Inflation - Inflation impacts pricing strategies, with manufacturing leaders prioritizing revenue gain (45 percent) and distribution leaders focusing on margin maintenance (38 percent) [4] - Value-based pricing (28 percent) is identified as the top optimization strategy, followed by market-based pricing (25 percent) [4] Automation and AI in Pricing - Pricing automation is advancing, with 49 to 53 percent of respondents reporting fully integrated systems for pricing [5] - However, AI adoption remains limited, with only 29 percent using AI for operational efficiency, primarily for pricing process improvements (50 percent) [5] Workforce and Hiring Trends - A strong pricing function is essential due to market volatility, with over half (52 percent) of respondents from companies with 500+ employees relying on teams of 11 to 20 people focused on pricing [6] - Ninety-five percent of these companies plan to increase hiring for pricing roles in 2025 [6] Survey Demographics - The report includes responses from 67 percent manufacturers and 33 percent distributors, with senior-level sales (64 percent) and finance (30 percent) professionals making up the majority of respondents [7]

Core Insights - The 2024 CFO Annual Survey Report by Jefferson Wells highlights the evolving priorities of CFOs amid economic uncertainty, inflationary pressures, and technological advancements [1][2] - Profitability is identified as the top challenge for CFOs, with 36% citing it as their primary concern, followed by inflationary pressures and economic uncertainty at 32% [2][3] - The report emphasizes the need for CFOs to focus on strategies that enhance efficiency and profitability in response to increasing pressure from boards and investors [3] Group 1: Challenges and Priorities - Profitability is the foremost challenge for CFOs, with a significant increase in focus compared to previous years [2][3] - Inflationary pressures and economic uncertainty are also major concerns, indicating a challenging financial landscape for organizations [2][3] - Company culture and resistance to change are identified as the primary hurdles in achieving business transformation [4] Group 2: Strategies and Technological Adoption - CFOs are increasingly investing in new technologies, including AI and automation, to enhance operational efficiency and reduce costs [3][5] - The shift towards technology adoption reflects a growing belief among CFOs that it is essential for long-term financial sustainability [3] - Cybersecurity remains a concern, but its priority has decreased as CFOs focus more on profitability and technology integration [5] Group 3: Workforce and Skills Development - CFOs plan to increase headcount for the first time since 2022, focusing on specialized skill sets to meet future demands [6]

MILWAUKEE, Nov. 12, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today released the Global Talent Barometer, a robust new tool offering unparalleled insights into workforce sentiment across 16 countries. The overall Global Talent Barometer score of 67% was derived from three key indices: Well-Being (64%), Job Satisfaction (63%), and Confidence (74%). The Global Talent Barometer, which gathered data from over 12,000 workers between April 15 and May 10, 2024, reveals a complex landscape of employee well-bei ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: September 30, 2024 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) Wisconsin 39-1672779 (State or ...

Group 1 - ManpowerGroup's Board of Directors declared a semi-annual dividend of $1.54 per share, payable on December 16, 2024, to shareholders of record as of December 2, 2024 [1] - ManpowerGroup is recognized as a leading global workforce solutions company, providing talent sourcing, assessment, development, and management services [2] - The company operates in over 70 countries and territories, delivering innovative solutions to hundreds of thousands of organizations annually [2] Group 2 - ManpowerGroup has been acknowledged for its commitment to diversity and inclusion, being named a best place to work for Women, Inclusion, Equality, and Disability [2] - In 2024, ManpowerGroup was recognized as one of the World's Most Ethical Companies for the 15th time, reinforcing its reputation as a preferred brand for in-demand talent [2]

Core Viewpoint - ManpowerGroup Inc. reported better-than-expected third-quarter 2024 results, with adjusted earnings and revenues surpassing consensus estimates, although both metrics showed year-over-year declines [1][2]. Financial Performance - Adjusted earnings per share were $1.3, slightly above consensus but down 6.5% year over year due to the run-off of the Proservia Germany business and currency translation losses related to Argentina [2]. - Revenues totaled $4.5 billion, exceeding consensus estimates but declining 3% year over year on a reported basis and 2% on a constant-currency basis [2]. - On an organic constant currency basis, Experis revenues fell 10% year over year, Talent Solutions declined 14%, and the Manpower brand decreased 3% year over year [2]. Segmental Revenues - Revenues from America were $1.1 billion, in line with expectations but down 5.5% year over year on a reported basis, with U.S. revenues at $697.4 million, a decline of 4.5% year over year [3]. - Southern Europe revenues were $2.1 billion, slightly declining on a reported basis and 1.3% at constant currency, with France at $1.2 billion (down 2.5% reported) and Italy at $419.1 million (up 1.3% reported) [4]. - Northern Europe revenues decreased 9.4% on a reported basis to $828.3 million, while APME revenues totaled $562.8 million, slightly down on a reported basis but up 1.6% at constant currency [4]. Operating Performance - The company reported an operating profit of $70.8 million, up 1.5% year over year on a reported basis, with an operating profit margin of 1.6%, slightly increasing year over year [5]. Key Balance Sheet & Cash Flow Figures - Cash and cash equivalents at the end of the quarter were $410.9 million, down from $468.9 million in the prior quarter, while long-term debt increased to $999.7 million from $961.7 million [6]. - The company generated $83.5 million from operating activities, with capital expenditures of $16.1 million and $29 million spent on stock repurchases during the quarter [6]. Q4 Outlook - For Q4, ManpowerGroup expects EPS in the range of $1.17-$1.27, with the midpoint of $1.22 lower than the current Zacks Consensus Estimate of $1.35 [7].

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Core Insights - ManpowerGroup reported disappointing Q3 '24 results, which negatively impacted investor sentiment [1] Financial Performance - The company’s Q3 '24 results did not meet investor expectations, indicating potential challenges ahead [1] Future Outlook - There are concerns regarding the company's direction moving forward based on the recent financial performance [1]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $4.5 billion, down 2% year-over-year in constant currency [8] - Reported EBITA was $79 million, while adjusted EBITA was $117 million, representing a 2% increase in constant currency year-over-year [8][10] - Earnings per diluted share was $0.47 on a reported basis, while adjusted earnings per diluted share was $1.29, a decrease of 8% year-over-year in constant currency [8][10] Business Line Data and Key Metrics Changes - Manpower brand revenue was flat year-over-year on an organic constant currency basis [11] - Experis brand revenue declined by 10% year-over-year [11] - Talent Solutions brand had a revenue increase of 7% year-over-year, with RPO experiencing a slight decline but improvement from the previous quarter [11][12] Market Data and Key Metrics Changes - The Americas segment comprised 23% of consolidated revenue, with revenue in the U.S. decreasing by 4% year-over-year [15][16] - Southern Europe revenue decreased by 1% in constant currency, with France experiencing a 5% decline [18][19] - Northern Europe segment saw an 11% decline in revenue, with the U.K. and Germany facing significant challenges [20][21] Company Strategy and Development Direction - The company is focused on maximizing service delivery while positioning itself for broader capitalizing when market conditions improve [9] - There is an emphasis on diversification, digitization, and innovation strategies to create value for clients and candidates [29][31] - The company is transitioning its South Korea business to a franchise model to drive growth more effectively in complex markets [22][45] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious employer approach in Europe and North America, with optimism about market conditions improving but hesitance to expand workforce spending [5][6] - The outlook for Q4 2024 is cautious, anticipating continued challenges in North America and Europe, particularly in Northern Europe [24][25] - Management expects a slight revenue decrease in Q4, with a forecasted EPS range of $0.98 to $1.08 [25][26] Other Important Information - Free cash flow for Q3 was $67 million, down from $245 million in the prior year [23] - The company repurchased 415,000 shares for $29 million during the quarter [23] - The balance sheet ended with cash of $411 million and total debt of $1 billion [24] Q&A Session Summary Question: Trends in business performance across geographies - Management observed a boost in France from the Olympics but noted a decline in September and early October, with a revenue trend of about -6% for Q4 [33][34] - The U.S. performed in line with expectations, with mid-single digit declines, while Italy showed slight improvement [34][35] - Northern Europe faced consistent pressure, with a revenue decline of -12% expected to worsen in Q4 [36] Question: Incremental margins and efficiency improvements - Management indicated that adjustments made in 2023 helped preserve margins, with expectations of 25 basis points improvement in EBITA margin from ongoing transformations [37][39] Question: Divergence in performance between Manpower and Experis brands - The difference in performance is attributed to the post-pandemic hiring bubble in IT and professional resources, with Manpower holding up better amid economic headwinds [41][42] Question: Financial impact of the South Korea divestiture - The South Korea business is expected to generate about $80 million in revenue per quarter, with minimal impact on EPS for Q4 [44][46] Question: Economic catalysts for Northern Europe - Management highlighted the weak economic outlook in Germany and the Nordics, with potential improvements dependent on macroeconomic conditions and increased sales activities [48][49] Question: Tax proposals in France - Management noted that proposed tax increases are temporary and aimed at addressing current deficits, with a commitment to long-term tax reform [53][55] Question: Behavioral changes among employers in the temp space - Employers are holding onto their workforce longer, with no significant shift towards permanent hiring over temporary hiring observed [57][58] Question: Cost actions in response to market conditions - Restructuring actions were concentrated in Northern Europe, with significant costs in Germany and Sweden, aimed at adjusting to lower demand [60][61]