MILWAUKEE, Oct. 1, 2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, today announced that it plans to release 3rd quarter earnings results before the market opens on Thursday, October 17, 2024. Management will discuss the results the same day in a live webcast at 7:30 a.m. Central Time (8:30 a.m. Eastern Time), which can be accessed on the company's website. The webcast will be available for replay at the same URL beginning at 10:30 a.m. Central Time (11:30 ...

ManpowerGroup Inc. (MAN) has had a decent run in the past three months. The company's shares have gained 5.5% compared with the 4.4% rally of its industry and the 4.6% rise of the Zacks S&P 500 composite. MAN reported mixed second-quarter 2024 results. Quarterly adjusted earnings of $1.3 per share surpassed the consensus mark by 2.4% but declined 17.7% year over year due to run-off Proservia Germany business and Argentina-related currency translation losses. Revenues of $4.5 billion lagged the consensus mar ...

Ranked #7 Overall and Celebrated for Excellence in Service and Deal Size MILWAUKEE, Sept. 30, 2024 /PRNewswire/ -- Talent Solutions RPO, a global leader in workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, today announced its inclusion in the highly regarded HRO Today's 2024 Baker's Dozen Customer Satisfaction Ratings for Recruitment Process Outsourcing (RPO). Talent Solutions RPO secured the 7th position in the Overall Enterprise RPO Leaders ranking and earned notable rankings ...

Investors looking for stocks in the Staffing Firms sector might want to consider either ManpowerGroup (MAN) or Robert Half (RHI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companie ...

MILWAUKEE, Sept. 19, 2024 /PRNewswire/ -- Today, ManpowerGroup released its 2023-2024 Environmental, Social, and Governance (ESG) report — Working to Change the World: Creating Global Impact, One Job at a Time. The fourth annual report details ManpowerGroup's advancements across its strategic ESG pillars of Planet, People & Prosperity, and Principles of Governance, highlighting significant progress in upskilling initiatives, expanded commitments to preparing the workforce for the green transition, and in re ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...

United States, Singapore, and Canada retain top spots as China enters the top ten for the first time MILWAUKEE, Sept. 12, 2024 /PRNewswire/ -- In a year marked by unprecedented technological leaps, geopolitical upheaval, and an increasing focus on sustainability, the 11th annual Total Workforce Index™ (TWI) from Talent Solutions, a global leader in workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, reveals a shifting and competitive global talent landscape. 2024 Total Workforce ...

MILWAUKEE, Aug. 29, 2024 /PRNewswire/ -- Jefferson Wells, a leading professional services firm specializing in Finance & Accounting, Internal Audit, Risk & Compliance, and Tax, and part of the ManpowerGroup (NYSE: MAN) family of brands, released the results of its eighth annual Internal Audit Priorities Survey. The survey reveals that while cybersecurity remains the top risk, the rise in the usage of Generative AI tools is escalating in risk priority for IA leaders and audit committees. Despite this, only 2 ...

Financial Performance - Total revenues from services for Q2 2024 were $4,520.7 million, a decrease of 6.9% compared to $4,856.1 million in Q2 2023[9] - Gross profit for Q2 2024 was $785.9 million, down 8.9% from $862.3 million in Q2 2023[9] - Net earnings for Q2 2024 were $60.1 million, a decline of 7.8% compared to $65.2 million in Q2 2023[10] - Basic net earnings per share for Q2 2024 were $1.25, down from $1.30 in Q2 2023[9] - Operating profit for the six months ended June 30, 2024, was $167.0 million, down from $225.5 million in the same period of 2023, reflecting a decline of 26%[74] - Net earnings per share (diluted) for the three months ended June 30, 2024, was $1.24, compared to $1.29 for the same period in 2023[42] - Net earnings for June 2024 were $99.8 million, a decrease of 30.2% compared to $143.0 million in June 2023[12] Assets and Liabilities - Total current assets decreased to $5,233.3 million as of June 30, 2024, from $5,572.1 million at the end of 2023, representing a decline of 6.1%[5] - Total assets decreased to $8,453.6 million as of June 30, 2024, down from $8,830.2 million at the end of 2023, a reduction of 4.3%[7] - Total current liabilities decreased to $4,578.0 million as of June 30, 2024, from $4,799.7 million at the end of 2023, a decrease of 4.6%[7] - Long-term debt as of June 30, 2024, was $961.7 million, down from $990.5 million at the end of 2023, a reduction of 2.8%[7] - Shareholders' equity decreased to $2,145.9 million as of June 30, 2024, from $2,234.1 million at the end of 2023, a decline of 3.9%[7] Cash Flow and Expenditures - Cash used in operating activities was $(21.9) million, an improvement from $(31.2) million in the same period last year[12] - Capital expenditures for June 2024 were $(23.7) million, down from $(34.6) million in June 2023[12] - Cash and cash equivalents at the end of June 2024 were $468.9 million, compared to $407.6 million at the end of June 2023[12] - Interest paid in June 2024 was $37.2 million, down from $49.1 million in June 2023[12] - Income taxes paid in June 2024 were $89.9 million, slightly lower than $91.8 million in June 2023[12] Revenue Segmentation - The total revenue for the six months ended June 30, 2024, was $8,924.0 million, compared to $8,356.7 million for the same period in 2023, indicating a year-over-year increase of about 6.8%[31] - The United States segment generated $1,377.4 million in revenue for the six months ended June 30, 2024, up from $1,289.5 million in the prior year, reflecting a growth of approximately 6.8%[31] - The Southern Europe segment, particularly France, reported revenue of $2,304.2 million for the six months ended June 30, 2024, compared to $2,234.5 million in the same period of 2023, marking an increase of about 3.1%[31] - The Americas region accounted for a total revenue of $2,100.8 million for the six months ended June 30, 2024, compared to $2,017.2 million in the prior year, showing an increase of approximately 4.1%[31] Accounting and Compliance - The company is currently assessing the impact of new accounting standards on financial statement disclosures, effective for 2024 and 2025[26][27] - The company’s lease liabilities are recognized at the present value of remaining lease payments, with ROU assets adjusted for prepayments and incentives[21] - The company’s revenue recognition for certain contracts is based on the right to invoice, reflecting the value provided to clients[28] Shareholder Actions - The company declared a semi-annual dividend of $1.54 per share on May 3, 2024, an increase from $1.47 per share declared on May 5, 2023[49] - During the six months ended June 30, 2024, the company repurchased 1.0 million shares at a cost of $77.0 million, with 3.6 million shares remaining authorized for repurchase under the 2023 authorization[50] Foreign Exchange and Derivatives - The company reported a foreign currency translation loss of $10.2 million for Q2 2024, compared to a gain of $11.0 million in Q2 2023[10] - The accumulated other comprehensive loss increased to $(500.4) million as of June 30, 2024, from $(466.0) million at the end of 2023, primarily due to foreign currency translation losses[48] - The company uses cross-currency swaps and forward contracts to hedge against foreign currency exchange rate risks, with specific instruments designated as hedges of net investments in foreign subsidiaries[53] Miscellaneous - The company recognized a full impairment of the remaining goodwill balance for the Netherlands reporting unit as of December 31, 2023, due to fair value falling below carrying value[25] - The company expects total consolidated amortization expense related to intangible assets for the remainder of 2024 to be $16.2 million, with future annual expenses projected at $30.3 million for 2025 and $26.2 million for 2027 through 2029[44]

Conclusion My view for MAN is a sell rating as 2Q24 results showed no strong signs of recovery. While some positive signs exist, like stabilization in key markets, financials remain weak and current macro situation is not favorable for MAN. MAN's valuation also seems to be pricing in a near-term recovery that seems unlikely, which leaves little room for more upside, but a sizable room for downside if the macro situation gets worse. MoMo Productions/DigitalVision via Getty Images Investment summary My previo ...