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ManpowerGroup: Earnings Beat And Attractive Shareholder Yield Are Positives
Seeking Alpha· 2024-07-19 10:43
t H r = 10 H = 0 1-1 100 T I 18 i I 1 III = a M di LOG 1 1 1 1 ricochet64 I remain bullish on ManpowerGroup Inc. (NYSE:MAN) stock. The company's second quarter bottom line was a positive surprise, and the stock offers an appealing shareholder yield. The focus of my prior article published on April 19, 2024, was MAN's first quarter performance. My latest write-up reviews ManpowerGroup's recently announced Q2 2024 results, its Q3 guidance, and the shareholder capital return outlook. MAN's second quarter EPS c ...
ManpowerGroup(MAN) - 2024 Q2 - Earnings Call Transcript
2024-07-18 16:44
Company Participants Welcome to the 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. Jonas Prising Jonas Prising - Chairman and CEO Jack McGinnis - EVP and CFO Jeffrey Silber - BMO Capital Markets Kartik Mehta - Northcoast Research Mark Marcon - Robert W. Baird Princy Thomas - BarclayÂ's Capital Josh Chan - UBS Trevor Romeo - William Blair S ...
ManpowerGroup(MAN) - 2024 Q2 - Earnings Call Presentation
2024-07-18 15:15
-14.5 -35.9 754.6 -1.1 -20.4 +2.1 684.8 682.7 Q2 2023 Restructuring Q2 2023 Reported Operational Acquisitions / Currency Q2 2024 as Adjusted Run-off Proservia Q2 2024 Reported Dispositions, net Germany Impact July 2024 | 8 Americas Segment (24% of Revenue) ManpowerGroup | Second Quarter 2024 Results July 2024 | 9 8% Revenue Trend - CC Revenue Trend (1) (1) Prior year period includes restructuring costs. As adjusted to exclude these costs, OUP Margin change was -40 bps vs the prior year. % of Segment Souther ...
ManpowerGroup (MAN) Q2 Earnings Surpass Estimates
ZACKS· 2024-07-18 13:40
Over the last four quarters, the company has surpassed consensus EPS estimates four times. While Manpower has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Staffing Firms is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the ...
ManpowerGroup Reports 2nd Quarter 2024 Results
Prnewswire· 2024-07-18 11:30
The quarter included final run-off losses related to the Proservia Germany business. These losses reduced earnings per share by $0.06 in the second quarter. Excluding these losses, earnings per share was $1.30 per diluted share in the quarter representing a decrease of 12% in constant currency.2 We anticipate diluted earnings per share in the third quarter will be between $1.25 and $1.35, which includes an estimated unfavorable currency impact of 5 cents. Our guidance excludes any restructuring costs and an ...
ManpowerGroup (MAN) Gears Up for Q2 Earnings: What to Expect
ZACKS· 2024-07-12 17:51
ManpowerGroup Inc. (MAN) is scheduled to report its second-quarter 2024 results on Jul 18, before the bell. The Zacks Consensus Estimate for ManpowerGroup's revenues for the to-be-reported quarter is pegged at $4.5 billion, indicating a 6.9% year-over-year decline. The top line is likely to have been weighed down by revenue softness in North America and Europe and low levels of permanent recruitment activity. The consensus estimate for earnings is pegged at $1.27 per share, implying a 19.6% year-over-year d ...
ManpowerGroup to Announce 2nd Quarter 2024 Earnings Results
Prnewswire· 2024-07-01 16:43
The webcast will be available for replay at the same URL beginning at 10:30 a.m. Central Time (11:30 a.m. Eastern Time) on July 18, 2024. The replay will remain available for 30 days in this location. Supplemental financial information referenced in the webcast and the text of the 2nd quarter press release can be found on the company's website, in the section titled "Financial Information," after 7:30 a.m. Central Time on July 18, 2024. ABOUT MANPOWERGROUP ManpowerGroup® (NYSE: MAN), the leading global work ...
ManpowerGroup (MAN) Gains on Acquisitions Amid Rising Expenses
ZACKS· 2024-06-28 16:45
ManpowerGroup (MAN) is focusing on boosting productivity and efficiency using technology. Acquisitions will be beneficial for its top-line growth. However, a rise in expenses might affect its bottom line. MAN has returned $179.8 million, $270 million and $210 million through share repurchases and made dividend payments of $144.3 million, $139.9 million and $136.6 million in 2023, 2022 and 2021, respectively. These initiatives not only instill investors' confidence but also positively impact the bottom line. ...
Despite Challenges, 55% of Employers Predict Increased Hiring Amid AI Adoption
Prnewswire· 2024-06-12 13:01
Building a People-First Strategy for AI-Powered Workforce ProductivityBuilding a People-First Strategy for AI-Powered Workforce Productivity Hiring Expected to Grow: More than half (55%) of employers expect to increase headcount due to AI and machine learning over the next two years, while less than one in four (24%) believe there will be no impact. Just 18% anticipate the technology will lead to staffing decreases. Positive Impact Foreseen: When asked to predict the future impact of AI and machine learning ...
Global Hiring Intentions Hold Steady from Q2, Drop Year-over-Year
Prnewswire· 2024-06-11 13:01
Employers in North America (27%) reported the strongest hiring intentions, followed by Asia Pacific (23%), South and Central Americas (22%), and Europe, Middle East, and Africa (18%). Across sectors, the IT industry continues to report positive hiring intentions at 29%, followed by Financials & Real Estate and Health Care & Life Sciences, both at 27%. More than half (55%) of employers expect to increase headcount due to AI and machine learning over the next two years and nearly half (48%) of companies said ...