Manpowergroup Stock Price, News & Analysis

ManpowerGroup (NYSE: MAN) reported Q3 2024 results with revenues of $4.5 billion, a 3% decrease from the prior year. Net earnings were $22.8 million or $0.47 per diluted share, compared to $30.3 million or $0.60 per share in Q3 2023. Excluding restructuring costs and a discrete tax item, earnings per share were $1.29, an 8% decrease in constant currency.

The company faced challenging conditions in North America and Europe, while experiencing good demand in Latin America and Asia-Pacific. ManpowerGroup launched innovative branch offices inside select Walmart locations in the U.S. and reached an agreement to sell its South Korea business. The company repurchased $29 million of common stock during the quarter.

For Q4 2024, ManpowerGroup anticipates diluted earnings per share between $0.98 and $1.08, including an estimated unfavorable currency impact of 1 cent.

Talent Solutions TAPFIN, a ManpowerGroup (NYSE: MAN) brand, has been recognized as a Global Leader in Everest Group's Contingent Workforce Management (CWM) and Services Procurement (SOW) Solutions PEAK Matrix® Assessment 2024. This marks TAPFIN's 11th consecutive year as a Leader in CWM, with Star Performer status, and 3rd consecutive year as a Leader in SOW.

The recognition highlights TAPFIN's strong vision, comprehensive expertise, and forward-thinking approach. Key strengths include investments in advanced labor market analytics, generative AI capabilities, and a skills-based approach to talent management. TAPFIN demonstrated resilience in challenging 2023 market conditions, owing to its global presence and diversified industry portfolio.

Clients praised TAPFIN's domain expertise, flexibility, and consultative approach, emphasizing the company's ability to deliver customized, high-impact solutions in evolving talent landscapes.

ManpowerGroup (NYSE: MAN), a global leader in innovative workforce solutions, has announced the release of its 3rd quarter 2024 earnings results. The company plans to disclose these results before the market opens on Thursday, October 17, 2024. Following the release, management will host a live webcast at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss the results.

Investors and interested parties can access the webcast on ManpowerGroup's website. For those unable to attend the live event, a replay will be available starting at 10:30 a.m. Central Time on the same day and will remain accessible for 30 days. Additionally, supplemental financial information referenced in the webcast and the text of the 3rd quarter press release will be made available on the company's website in the 'Financial Information' section after 7:30 a.m. Central Time on October 17, 2024.

Talent Solutions RPO, part of ManpowerGroup (NYSE: MAN), has been recognized in HRO Today's 2024 Baker's Dozen Customer Satisfaction Ratings for Recruitment Process Outsourcing (RPO). The company secured the 7th position in the Overall Enterprise RPO Leaders ranking and earned notable rankings in other key categories, including Quality of Service Leaders (#7) and Size of Deals Leaders (#4).

Stephen Rees, Senior Vice President of Talent Solutions RPO in North America, expressed pride in the recognition, highlighting the company's focus on high-quality service, strong partnerships, and scalable talent solutions. The Baker's Dozen list, based solely on client satisfaction surveys, is considered one of the most comprehensive and prestigious ratings in the RPO industry.

This recognition reinforces Talent Solutions RPO's dedication to operational excellence, innovation, and tailored solutions that meet the evolving needs of its diverse client base across industries.

Experis, a global IT workforce solutions leader and part of ManpowerGroup (NYSE: MAN), has been named a Leader in Everest Group's U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2024 for the third consecutive year. The report highlights Experis' ability to source talent for both traditional and next-generation technologies across key industries. It also recognizes the company's significant investments in IT-managed services, including specialized practice areas and a robust technology partnership ecosystem with major players like AWS, Microsoft, and IBM.

The assessment acknowledges Experis' focus on critical in-demand skills, efforts to strengthen talent development in data and AI, and enhancement of managed services solutions. The company's comprehensive suite of L&D offerings and strong vision for managed services, along with a dedicated industry focus, have helped it drive differentiation in the market. Experis is one of six companies in the Leader category out of 30 evaluated in this year's assessment.

ManpowerGroup has released its 2023-2024 ESG report, highlighting significant progress in upskilling initiatives, workforce preparation for the green transition, and renewable energy adoption. Key achievements include:

- Recognition as one of the World's Most Sustainable Companies by TIME Magazine
- 100% renewable electricity at Global Headquarters
- Expansion of electric vehicle fleet to over 500 vehicles
- Commitment to train and place up to 10 million people in green jobs by 2030
- Impact on nearly 30,000 refugees globally in 2023

The report emphasizes ManpowerGroup's focus on sustainable growth and a people-first future of work, aligning with their purpose of creating meaningful, sustainable employment. The company has also made strides in diversity, with 30% women and 40% racially diverse members in its Executive Leadership Team.

ManpowerGroup has released its 2023-2024 Environmental, Social, and Governance (ESG) report, titled 'Working to Change the World: Creating Global Impact, One Job at a Time'. The report highlights significant progress in upskilling initiatives, expanded commitments to preparing the workforce for the green transition, and advancements in renewable energy adoption and fleet electrification.

Key achievements include:

• Recognition by TIME Magazine as one of the World's Most Sustainable Companies in 2024
• 100% renewable electricity at Global Headquarters in Milwaukee, WI
• Commitment to train and place up to 10 million people into green jobs by 2030
• Impacted nearly 30,000 refugees globally in 2023
• Achieved a Platinum medal in the 2023 EcoVadis assessment
• Recognized as one of the World's Most Ethical Companies by Ethisphere for the 15th time

The report emphasizes ManpowerGroup's focus on progress and its belief that ESG is a framework to drive superior performance while working to change the world.

ManpowerGroup's Talent Solutions has released its 11th annual Total Workforce Index™ (TWI), revealing shifts in the global talent landscape. The TWI evaluates over 200 factors across 64 global labor markets, introducing new measures for AI, sustainability, peace, and stability. Key findings include:

- The United States, Singapore, and Canada retain the top three spots for the fourth consecutive year.
- China enters the top ten for the first time, driven by population growth, a large tech workforce, and innovation factors.
- The United Arab Emirates rises to seventh place, boosted by high tertiary education rates and innovation investments.
- Israel drops from fifth to 14th due to new metrics addressing political violence risk.

The TWI serves as a important tool for business leaders to make data-driven decisions in an increasingly tech-driven and volatile world.

Talmix, a leader in digital talent marketplaces, and Talent Solutions TAPFIN, a ManpowerGroup (NYSE: MAN) subsidiary, have announced a strategic partnership to integrate Talmix's business talent marketplace into TAPFIN's global client programs. This collaboration aims to revolutionize the staffing industry by combining new and traditional approaches, offering clients wider choice and flexibility.

Key benefits include:

• Extended reach into new regions and talent categories for TAPFIN programs
• Access to Talmix's curated global network for TAPFIN clients
• Better control over 'rogue spend' traditionally outside MSP programs
• On-demand availability of high-quality talent through marketplace advantages

This partnership marks Talmix as TAPFIN's first MSP partner, positioning marketplaces as a important component of the talent industry ecosystem and reshaping enterprise access to top talent globally.