ManpowerGroup Q2 net earnings $1.29/diluted share vs $2.29 YoY; revenues $4.9B down 4%

ManpowerGroup Inc.

2023-Q2 EPS reported $2.80 revenue$9,608,400,000

Net earnings $65.2M ($1.29 diluted) down from $122.2M ($2.29) YoY; adjusted EPS $1.58 excluding $0.29 restructuring/Argentina FX.
Revenue $4.9B, -4% as reported, -3% constant currency; declines in US and Europe, strength in LatAm/APAC.
$50M common stock repurchased in Q2; decision to wind down Proservia managed services in Germany.
Q3 2023 diluted EPS guidance $1.32-$1.42, includes 8 cent favorable currency impact; excludes restructuring/Argentina losses.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ManpowerGroup Inc. reported three months ended June 30, 2023 results: revenue $4.9 billion, net income $65.2 million, EPS $1.29 per diluted share.

Period: three months ended June 30, 2023
Revenue: $4.9 billion
Net income: $65.2 million
EPS: $1.29 per diluted share
Result: reported results

Exact text from the filing

ManpowerGroup (NYSE: MAN) today reported net earnings of $1.29 per diluted share for the three months ended June 30, 2023 compared to $2.29 per diluted share in the prior year period. Net earnings in the quarter were $65.2 million compared to $122.2 million a year earlier. Revenues for the second quarter were $4.9 billion, a 4% decrease from the prior year period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ManpowerGroup Inc. reported third quarter ending September 30, 2023 results: EPS $1.32 to $1.42 per diluted share. Guidance reaffirmed.

Period: third quarter ending September 30, 2023
EPS: $1.32 to $1.42 per diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

We anticipate diluted earnings per share in the third quarter will be between $1.32 and $1.42, which includes an estimated favorable currency impact of 8 cents. Our guidance excludes expected restructuring costs and the aforementioned Argentina related impact of non-cash currency translation losses.

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Source: SEC EDGAR

accession 0000950170-23-033590

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