ManpowerGroup Q2 revenue $4.5B (-7%); adj EPS $1.30; Q3 guide $1.25-$1.35

ManpowerGroup Inc.

2024-Q2 EPS reported $2.05 revenue$8,924,000,000

Revenue $4.5B, -7% as reported (-3% cc); net earnings $60.1M ($1.24 diluted EPS).
Adjusted EPS $1.30 excluding $0.06 Proservia Germany run-off; down 12% cc YoY.
Gross profit margin 17.4%; SG&A reduced 9% as reported; $27M stock repurchased.
Q3 diluted EPS guided $1.25-$1.35, including $0.05 unfavorable FX impact.
Cautious hiring in North America and Europe; solid demand in Latin America and Asia-Pacific.

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