ManpowerGroup Q1 EPS $0.81, down 46% YoY; revenue $4.4B, -7%; guides Q2 EPS $1.24-$1.34

ManpowerGroup Inc.

2024-Q1 EPS reported $0.81 revenue$4,403,300,000

Net earnings $39.7M ($0.81 diluted EPS) vs $77.8M ($1.51) YoY; adjusted EPS was $0.94 excluding discrete losses.
Revenue $4.4B, down 7% reported (-5% constant currency); gross margin 17.3% (17.5% adjusted).
Segment weakness in US (-13% revenue) and Northern Europe (-12% reported); solid growth in Other Americas (+9% CC) and APME (+7% CC).
$50M of common stock repurchased during Q1.
Q2 2024 diluted EPS guidance $1.24-$1.34 (excludes Proservia run-off loss ~$0.08 and restructuring); includes $0.07 currency headwind.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ManpowerGroup Inc. reported the three months ended March 31, 2024 results: revenue $4.4 billion, net income $39.7 million, EPS $0.81 per diluted share. Guidance initiated.

Period: the three months ended March 31, 2024
Revenue: $4.4 billion
Net income: $39.7 million
EPS: $0.81 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

ManpowerGroup (NYSE: MAN) today reported net earnings of $0.81 per diluted share for the three months ended March 31, 2024 compared to net earnings of $1.51 per diluted share in the prior year period. Net earnings in the quarter were $39.7 million compared to net earnings of $77.8 million a year earlier. Revenues for the first quarter were $4.4 billion, a 7% decrease from the prior year period.

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Source: SEC EDGAR

accession 0000950170-24-045306

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