ManpowerGroup Inc., a global leader in workforce solutions, has released its Form 10-Q report for the third quarter, detailing significant financial and operational challenges. The report highlights a decline in key financial metrics and outlines the company's performance across various geographical regions and business segments.
Financial Highlights
Revenues from services: $4,090.3 million, reflecting a decrease of 7.1% compared to the same period last year, primarily due to decreased demand in Europe and unfavorable currency exchange rates.
Gross profit: $698.3 million, representing a decrease of 8.6% from the previous year, with a gross profit margin of 17.1%, down 20 basis points due to lower permanent recruitment and staffing/interim margins.
Operating profit: $28.2 million, a significant decrease of 57.2% from the prior year, impacted by restructuring expenses and a decrease in gross profit margin.
Net earnings: $5.6 million, a sharp decline of 86.0% year-over-year, affected by restructuring costs and a one-time French corporate income tax surcharge.
Net earnings per share – diluted: $0.12, down from $0.81 in the previous year, with restructuring costs and tax impacts contributing to the decline.
Business Highlights
Geographical Performance
Revenue Segments
Operational Challenges
The company faced a challenging environment in Europe and North America, with employers adopting a cautious approach, delaying hiring decisions, and reducing demand for contingent labor due to macroeconomic and geopolitical uncertainties.
Future Outlook
The business environment is expected to remain challenging, potentially impacting future operations. The company anticipates continued cautious employer behavior until there is a significant improvement in economic outlook and trade policy certainty.
SEC Filing: ManpowerGroup Inc. [ MAN ] – 10-Q – May. 02, 2025
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ManpowerGroup Inc. SEC 10-Q Report – TradingView
