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Dec 31, 2024
ManpowerGroup Q4 2024 Earnings Report
ManpowerGroup reported a decrease in revenue and an increase in net earnings for Q4 2024.
Key Takeaways
ManpowerGroup reported Q4 2024 revenues of $4.4 billion, a 5% decrease year-over-year. Net earnings per diluted share were $0.47, compared to a net loss of $1.73 per share in the prior year period. The quarter included restructuring costs, pension settlements, and net losses from the sale of the Austria business, reducing earnings per share by $0.55. Excluding these charges, earnings per share was $1.02, a 27% decrease in constant currency.
Revenues of $4.4 billion, down 5% as reported and 3% in constant currency.
Europe and North America experienced a challenging environment, while Asia Pacific and Latin America saw good demand.
Gross profit margin was 17.2%.
Strong cash provided by operating activities with a three-day reduction in Days Sales Outstanding at year end; $34 million of common stock repurchased.
Revenue by Geographic Location
Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the first quarter will be between $0.47 and $0.57, which includes an estimated unfavorable currency impact of 6 cents and a 36% effective tax rate.
Challenges Ahead
- Diluted earnings per share in the first quarter will be between $0.47 and $0.57.
- Includes an estimated unfavorable currency impact of 6 cents.
- Includes a 36% effective tax rate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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