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]

Core Insights - ManpowerGroup reported revenue of $4.53 billion for Q3 2024, a decrease of 3.1% year-over-year, with EPS at $1.29 compared to $1.38 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.48 billion by 1.01%, while EPS also surpassed the consensus estimate of $1.28 by 0.78% [1] Revenue Performance by Region - Revenues from Services- Americas: $1.05 billion, down 5.5% year-over-year, below the average estimate of $1.07 billion [2] - Revenues from Services- APME: $562.80 million, slightly above the estimate of $544.78 million, with a year-over-year decline of 0.4% [2] - Revenues from Services- Southern Europe: $2.10 billion, exceeding the estimate of $2.04 billion, with a year-over-year decrease of 0.6% [2] - Revenues from Services- Northern Europe: $828.30 million, below the estimate of $857.94 million, reflecting a year-over-year decline of 9.4% [2] - Revenues from Services- Southern Europe- Other Southern Europe: $496.80 million, above the estimate of $479.56 million, with a year-over-year increase of 2.4% [2] - Revenues from Services- Southern Europe- France: $1.18 billion, slightly above the estimate of $1.16 billion, with a year-over-year decline of 2.5% [2] - Revenues from Services- Americas- United States: $697.40 million, below the estimate of $713.82 million, with a year-over-year decline of 7.3% [2] - Revenues from Services- Americas- Other Americas: $353.10 million, slightly below the estimate of $355.24 million, with a year-over-year decline of 1.6% [2] - Revenues from Services- Southern Europe- Italy: $419.10 million, above the estimate of $404.87 million, with a year-over-year increase of 1.3% [2] Operating Unit Profit - Corporate expenses reported at -$30.20 million, better than the average estimate of -$42.10 million [2] Stock Performance - Manpower shares returned +1.1% over the past month, compared to the S&P 500 composite's +3.8% change, with a Zacks Rank 3 (Hold) indicating potential performance in line with the broader market [3]

ManpowerGroup (MAN) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.78%. A quarter ago, it was expected that this staffing company would post earnings of $1.27 per share when it actually produced earnings of $1.30, delivering a surprise of 2.36%. Over the last four quarters, the co ...