Manpowergroup Stock Price, News & Analysis

ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of $1.26 per share, set to be paid on December 15, 2021. Shareholders must be on record by the close of business on December 1, 2021 to qualify. As a leading global workforce solutions company, ManpowerGroup provides innovative talent solutions across over 75 countries. The company has been recognized for its commitment to diversity and ethical practices, being named one of the World's Most Ethical Companies for the 12th consecutive year.

ManpowerGroup (NYSE: MAN) has announced the validation of its greenhouse gas emissions reduction targets by the Science Based Targets initiative (SBTi). The company aims for a 60% reduction in operational emissions and a 30% reduction in supply chain emissions by 2030, as part of its commitment to achieve net zero by 2045. This validation assures stakeholders of ManpowerGroup's dedication to climate action, aligning with global efforts highlighted during COP26. The company has been transparent in its climate commitments, recently engaging with the World Economic Forum to promote public-private collaborations for climate initiatives.

ManpowerGroup (NYSE: MAN) reported a significant increase in third-quarter net earnings, reaching $1.77 per diluted share, up from $0.18 last year, with total earnings of $97.7 million. Revenues surged by 12% to $5.1 billion. Restructuring and acquisition costs related to its Mexico business and ettain group adversely affected EPS by $0.16. Excluding these costs, EPS was $1.93. The company anticipates fourth-quarter diluted EPS between $1.99 and $2.07, factoring in an estimated currency impact. Year-to-date net earnings total $271.3 million, compared to a net loss of $52.4 million last year.

On October 6, 2021, Qwil and TAPFIN announced a partnership to offer early financing solutions for TAPFIN's staffing suppliers. This innovative payment option allows suppliers to receive payments as soon as their invoices are approved, independent of standard billing terms. As a result, suppliers can select their payment terms, improving cash flow. This integration seeks to provide greater transparency and flexibility for suppliers with no enrollment costs. The partnership represents a notable advancement in contingent staffing finance.

ManpowerGroup (NYSE: MAN) plans to release its 3rd quarter 2021 earnings results on October 19, 2021, before market opening. A live webcast will be held at 7:30 a.m. CT to discuss the results. The webcast can be accessed on the company's website and will be available for replay starting at 10:30 a.m. CT the same day.

On October 1, 2021, ManpowerGroup (NYSE: MAN) announced the successful acquisition of ettain group, a leading IT resourcing provider in North America. This strategic move aims to diversify ManpowerGroup's offerings into high-growth, high-value services, particularly enhancing its Experis business segment. The acquisition will bolster capabilities in Financial Services, Healthcare, and Government sectors, benefiting clients with specialized IT solutions. The integration is expected to create synergies and expand ManpowerGroup's market presence across North America.