earnings
confidence high
sentiment negative
materiality 0.75
ManpowerGroup Q3 GAAP EPS $0.47, adjusted $1.29; revenue $4.5B down 3%
ManpowerGroup Inc.
2024-Q3 EPS reported
$2.53
revenue$13,454,200,000
- GAAP diluted EPS $0.47 vs $0.60 YoY; adjusted EPS $1.29, down 8% constant currency.
- Revenue $4.5B, -3% as reported, -2% constant currency; challenging NA/Europe, solid LatAm/APAC.
- Gross profit margin 17.3%; SG&A down 5% as adjusted; restructuring charges $37.6M.
- Q4 2024 EPS guidance $0.98-$1.08, excludes restructuring and Argentina FX losses.
- Repurchased $29M in common stock; agreed to sell South Korea business as franchise.