ManpowerGroup Stock Has Dropped 4% Since Q4 Earnings Beat

Core Insights - ManpowerGroup, Inc. reported mixed fourth-quarter 2024 results with earnings exceeding estimates but revenues falling short, leading to a 4% decline in stock price post-earnings release due to weak guidance [1][2] Financial Performance - Adjusted EPS for the quarter was $1.02, surpassing the Zacks Consensus Estimate by 3% and reflecting a 1.5% year-over-year increase [3] - Total revenues were $4.4 billion, missing consensus estimates slightly and decreasing by 5% compared to the previous year [3] Revenue Breakdown - Revenues from America totaled $1.1 billion, slightly down by 0.1% year-over-year but up 7.2% at constant currency [4] - U.S. revenues reached $691.8 million, exceeding estimates and rising 1% year-over-year [4] - Southern Europe revenues were $2 billion, below projections, declining 3.2% on a reported basis and 2.5% at constant currency [5] - Northern Europe revenues fell 15.9% on a reported basis to $768.4 million, missing estimates [6] Operating Performance - The company reported an operating profit of $68.2 million, a significant increase of 272.6% year-over-year, with an operating profit margin of 1.5% [7] Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the quarter were $509.4 million, down from $581.3 million a year earlier [8] - Long-term debt decreased to $929.4 million from $990.5 million year-over-year [8] - The company generated $195.9 million from operating activities and spent $140 million on stock repurchases during the quarter [8]