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ManpowerGroup Reports 4th Quarter 2024 Results
MANManpowerGroup(MAN) Prnewswire·2025-01-30 12:38

Financial Performance - ManpowerGroup reported net earnings of 0.47perdilutedshareforQ42024,asignificantrecoveryfromanetlossof0.47 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 22.5millioncomparedtonetlossesof22.5 million compared to net losses of 84.5 million a year earlier [1][4] - Revenues for Q4 2024 were 4.4billion,reflectinga54.4 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 3.01perdilutedshare,comparedto3.01 per diluted share, compared to 88.8 million, or 1.76perdilutedsharein2023,withrevenuestotaling1.76 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]−SellingandadministrativeexpensesforQ42024decreasedby19.20.55 [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 39.5millioninQ42023[12][22]RegionalPerformance−NorthAmericaandEuropefacedchallengingoperatingconditions,whileAsiaPacificandLatinAmericaexperiencedgooddemand[3][9]−IntheAmericas,revenuesfromserviceswere39.5 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 0.47and0.47 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]