Manpowergroup Stock Price, News & Analysis

ManpowerGroup reported Q2 2022 revenues of $5.1 billion, a 4% decline year-over-year, though up 6% in constant currency. Net earnings rose to $122.2 million, or $2.29 per diluted share. Integration costs from the U.S. Experis acquisition impacted earnings by $0.04. Despite challenges in European markets due to supply chain disruptions, higher-margin brands like Experis and Talent Solutions showed strong growth. The company repurchased $100 million in common stock and refinanced a €400 million Euro Note, extending its maturity to June 2027.

ManpowerGroup (NYSE: MAN) will release its 2nd quarter earnings results on July 19, 2022, before market opening. A live webcast discussing the results will begin at 7:30 a.m. Central Time the same day, with a replay available later at the company's website.

ManpowerGroup, a leader in workforce solutions, operates in over 75 countries and has been recognized for its commitment to diversity and ethical management.

Experis, part of ManpowerGroup (NYSE: MAN), released a report highlighting the urgent need for innovative talent strategies in a fast-evolving IT landscape. The study reveals a growing need for soft skills, often overlooked in recruitment processes, despite their importance amidst rising demand for technical talent. The survey of 40,000 employers indicates that many hiring challenges stem from candidates lacking technical and soft skills. Organizations are urged to reskill existing employees, adopt data-driven recruitment strategies, and embrace diversity to tap into underutilized talent pools.

ManpowerGroup Talent Solutions has been recognized as a global leader in Recruitment Process Outsourcing (RPO) for the 12th consecutive year by the Everest Group, highlighting its strong global presence and diverse service offerings. Notably, it has been acknowledged as a top performer in EMEA. The recognition stems from its extensive investments in technology and analytics, including the IntelliReach platform. This accolade comes amidst ongoing global talent shortages, reinforcing Talent Solutions' role in helping organizations navigate a challenging recruitment landscape.

The ManpowerGroup Employment Outlook Survey reveals a Net Employment Outlook of 38% for Q3, indicating a strong hiring climate amid economic challenges. 59% of IT employers anticipate adding staff, with 45% in Banking/Finance/Insurance & Real Estate. Optimism is highest in the Northeast (43%) and West (42%) regions. Only 12% of employers foresee workforce reductions, down from previous quarters. This period marks the 60th consecutive year of the survey, underscoring ongoing labor demand despite inflationary pressures.

ManpowerGroup reports a notable rise in global hiring optimism, with a Net Employment Outlook of +33% for Q3 2022, an increase of 18% year-over-year. The survey, covering over 40,000 employers across 40 countries, indicates significant talent shortages, impacting 75% of employers. The strongest hiring prospects are noted in Mexico (+59%), Brazil (+54%), and India (+51%), while Greece (-1%) and Taiwan (+3%) are the weakest. Key sectors facing talent shortages include IT, Education, and Health.

ManpowerGroup (NYSE: MAN) is returning as the official HR partner of Viva Technology for the sixth consecutive year, hosting the #WorkingToChangeTheWorld Lab in Paris from June 15-18, 2022. The event focuses on sustainable employment and digital transformation. ManpowerGroup will feature its Talent Center for job coaching and a Startup Challenge with 21 finalists addressing HR challenges. The company emphasizes the importance of ethical AI in talent management and aims to improve workforce practices through tools like the Talent Sustainability Quotient (TSQ).