Manpowergroup Stock Price, News & Analysis

The Q4 ManpowerGroup Employment Outlook Survey indicates a global hiring intent with a Net Employment Outlook of +30%, despite recession concerns.

Brazil (+56%) and India (+54%) demonstrate the highest optimism, while Greece and Hungary report negative outlooks (-5%).

IT roles remain in high demand, leading hiring plans across various sectors. While hiring intentions in North America are expected to decline year-over-year, they remain positive at +32%. Employers in Europe, the Middle East, and Africa show a cautious approach with a positive outlook of +21%. This report highlights the uneven economic growth impacted by geopolitical challenges.

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.