ManpowerGroup(US:MAN) Prnewswireยท2025-01-30 12:38Financial Performance - ManpowerGroup reported net earnings of $0.47 per diluted share for Q4 2024, a significant recovery from a net loss of $1.73 per diluted share in Q4 2023, with net earnings of $22.5 million compared to net losses of $84.5 million a year earlier [1][4] - Revenues for Q4 2024 were $4.4 billion, reflecting a 5% decrease from the prior year period, and a 3% decrease on a constant currency basis [1][2][9] - For the full year 2024, net earnings were $145.1 million, or $3.01 per diluted share, compared to $88.8 million, or $1.76 per diluted share in 2023, with revenues totaling $17.9 billion, a 6% decrease compared to the previous year [4][19] Cost and Expenses - The fourth quarter included restructuring costs, pension settlements, and net losses from the sale of the Austria business, which collectively reduced earnings per share by $0.55 [2] - Selling and administrative expenses for Q4 2024 decreased by 19.2% compared to the previous year, contributing to an operating profit of $68.2 million, a significant improvement from a loss of $39.5 million in Q4 2023 [12][22] Regional Performance - North America and Europe faced challenging operating conditions, while Asia Pacific and Latin America experienced good demand [3][9] - In the Americas, revenues from services were $4.2 billion, a decrease of 4.3% compared to the previous year, with the United States showing a slight decline of 0.1% [21][22] Future Outlook - The company anticipates diluted earnings per share in Q1 2025 to be between $0.47 and $0.57, factoring in an estimated unfavorable currency impact of 6 cents [4] - ManpowerGroup aims to continue its global transformation initiatives and expects to make further progress in 2025 [3]