secwatch.observer — SEC 8-K summary
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Issuer:     ManpowerGroup Inc. (MAN)
CIK:        0000871763
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000950170-23-013572
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ManpowerGroup Q1 revenue $4.8B (-8% YoY); EPS $1.51; guides Q2 $1.58-$1.68
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- Net earnings $77.8M ($1.51 diluted EPS); adjusted EPS $1.61 excluding $0.10 restructuring charge.
- Revenue $4.8B, down 8% as reported (-2% constant currency); gross profit margin 18.2%, up 80 bps.
- Free cash flow $111M; repurchased $30M of common stock during the quarter.
- Q2 2023 diluted EPS guidance of $1.58 to $1.68, including ~$0.03 unfavorable currency impact.
- Demand softening in U.S. and Europe; employers hiring selectively while retaining existing staff.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/871763/000095017023013572/0000950170-23-013572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/871763/000095017023013572/man-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-013572

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer