secwatch.observer — SEC 8-K summary
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Issuer:     ManpowerGroup Inc. (MAN)
CIK:        0000871763
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000950170-24-045306
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/871763/000095017024045306/0000950170-24-045306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/871763/000095017024045306/man-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045306

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