Financial Performance - Revenue reached $4.5 billion, with system-wide revenue at $4.9 billion[5] - Gross margin was 16.9%[5] - EBITA was $72 million, or $89 million as adjusted[5] - EPS was -$1.44, or -$0.78 as adjusted[5] Segment Performance - Americas revenue was $1.1 billion with OUP at $36 million and OUP margin at 3.4%[22] - Southern Europe revenue was $2.1 billion with OUP at $73 million and OUP margin at 3.4%[25] - Northern Europe revenue was $794 million with OUP at -$9 million and OUP margin at -1.1%[28] - APME revenue was $525 million with OUP at $26 million and OUP margin at 5.0%[31] Business Line Performance - Manpower organic CC revenue increased slightly from the Q1 trend of -2% year over year[12] - Experis organic CC revenue trend declined further from the Q1 trend of -5% year over year[12] - Talent Solutions organic CC revenues increased from the Q1 trend of -2% year over year[13] Outlook - Third quarter 2025 revenue is expected to be flat to up 4% (down 4% to flat CC)[40] - EPS is projected to be $0.77 to $0.87, including a favorable $0.03 currency impact[40] Debt - Total debt outstanding was $1.286 billion as of June 30, 2025[47]

[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)

Core Insights - ManpowerGroup reported a net loss of $67.1 million or $1.44 per basic share for Q2 2025, a significant decline from net earnings of $60.1 million or $1.24 per diluted share in the same period last year [1][2] - Revenues for the second quarter remained flat at $4.5 billion, but decreased by 3% on a constant currency basis [1][7] - The company faced a non-cash goodwill and intangible asset impairment charge of $89 million, restructuring costs, and losses from the sale of businesses, which collectively reduced earnings per share by $2.22 [2][8] Financial Performance - For the six months ended June 30, 2025, net losses were $61.5 million or $1.32 per basic share, compared to net earnings of $99.8 million or $2.05 per diluted share in the prior year [3][18] - Excluding impairment and restructuring charges, adjusted earnings per share for the six-month period was $1.22, reflecting a 47% decrease in constant currency [3][10] - Total revenues for the six-month period were $8.6 billion, a decrease of 4% compared to the previous year [3][18] Operational Insights - The company is focusing on diversifying, digitizing, and innovating to enhance its role as a strategic workforce partner amid mixed demand across global markets [3][5] - Positive signs of stabilization are noted in the U.S. and parts of Europe, although demand remains volatile due to economic and geopolitical factors [3][5] - The gross profit margin for Q2 2025 was 16.9%, slightly down from the previous quarter, influenced by changes in business mix [7][12] Segment Performance - The Americas region saw a slight revenue decline of 0.4%, with the U.S. specifically down by 3.3% [14][21] - Southern Europe reported a 2.4% increase in revenues, driven by growth in Italy, while Northern Europe experienced a 10.7% decline [14][21] - The Manpower and Talent Solutions brands returned to revenue growth, while Experis faced declines due to sluggish professional staffing demand [7][12] Future Outlook - The company anticipates diluted earnings per share for Q3 2025 to be between $0.77 and $0.87, factoring in a favorable currency impact [3][5] - Ongoing investments in digital capabilities and AI adoption are expected to position the company for future growth and enhanced client value [3][5]

Wall Street analysts expect ManpowerGroup (MAN) to post quarterly earnings of $0.69 per share in its upcoming report, which indicates a year-over-year decline of 46.9%. Revenues are expected to be $4.35 billion, down 3.7% from the year-ago quarter. With that in mind, let's delve into the average projections of some Manpower metrics that are commonly tracked and projected by analysts on Wall Street. It is projected by analysts that the 'Revenues from Services- Americas' will reach $1.03 billion. The estimate ...

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]

Core Insights - Companies that are heavily investing in AI technology are also significantly investing in their workforce, indicating a dual focus on technology and human potential [1][2] - A majority of employers (85%) are utilizing AI in hiring, yet many acknowledge its limitations, particularly in areas requiring ethical judgment and customer service [2] - The research suggests that while AI will not replace human workers, those who can effectively leverage AI will hold greater value in the workforce [2][4] Workforce Sentiment - According to the Global Talent Barometer 2025, worker confidence has increased by 2 percentage points since 2024, attributed to better access to career development and a belief in adaptability [3] - This trend highlights that human adaptability is a critical asset in an AI-driven work environment [3] Organizational Strategy - Successful integration of AI is centered around enhancing uniquely human traits such as ethical judgment, creativity, empathy, and strategic thinking [4] - The "Humans First, Digital Always" approach is emphasized as essential for success in the AI era [4] Events and Discussions - ManpowerGroup will host various sessions at VivaTech, including discussions on the implications of AI on talent acquisition and the evolving skills ecosystem [5][6][7] - Exclusive "Table Talks" will focus on the challenges and opportunities in human-AI collaboration, led by industry experts [8] Startup Challenge - ManpowerGroup's 2025 VivaTech Startup Challenge featured five finalists selected for their innovative technologies aimed at enhancing the human experience at work through AI [10][14] - The finalists will present their solutions live, with one expected to collaborate on a proof of concept within a ManpowerGroup market [11]

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]

Company Overview - Robert Half shares have increased by approximately 2.4% since the last earnings report, underperforming the S&P 500 [1] - The most recent earnings report indicates a need to analyze important catalysts affecting the stock [1] Earnings Estimates - Fresh estimates for Robert Half have trended downward over the past month, with the consensus estimate shifting down by 26.83% [2] - The overall direction of estimate revisions suggests a negative outlook for the stock [4] VGM Scores - Robert Half has a subpar Growth Score of D and a Momentum Score of F, placing it in the bottom 40% for value investment strategy [3] - The aggregate VGM Score for the stock is D, indicating a lack of strong performance across multiple investment strategies [3] Market Outlook - The downward trend in estimates has led to a Zacks Rank of 5 (Strong Sell) for Robert Half, suggesting expectations of below-average returns in the coming months [4] Industry Comparison - Robert Half is part of the Zacks Staffing Firms industry, where competitor ManpowerGroup has seen a 2.8% gain over the past month [5] - ManpowerGroup reported revenues of $4.09 billion for the last quarter, reflecting a year-over-year decline of 7.1% [5] - ManpowerGroup's expected earnings for the current quarter are $0.79 per share, indicating a year-over-year decrease of 39.2% [6]