Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €44.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 30% over the past three years. Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: US$1.14 (vs US$1.44 loss in 2Q 2025) Second quarter 2026 results: EPS: US$1.14 (up from US$1.44 loss in 2Q 2025). Revenue: US$4.86b (up 7.5% from 2Q 2025). Net income: US$53.5m (up US$120.6m from 2Q 2025). Profit margin: 1.1% (up from net loss in 2Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Duyuru • Jul 16
ManpowerGroup Inc. Provides Earnings Guidance for the Third Quarter of 2026 ManpowerGroup Inc. provided earnings guidance for the third quarter of 2026. For the quarter, The company anticipates diluted earnings per share will be between $0.96 and $1.06, which includes an estimated unfavorable currency impact of 2 cents and a 44% effective tax rate. New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Duyuru • Jul 01
ManpowerGroup Inc. to Report Q2, 2026 Results on Jul 16, 2026 ManpowerGroup Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 16, 2026 Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. Independent Director Muriel Pénicaud was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 11
ManpowerGroup Declares Semi-Annual Dividend, Payable on June 15, 2026 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $0.72 per share, payable on June 15, 2026 to shareholders of record as of the close of business on June 1, 2026. Duyuru • Apr 01
ManpowerGroup Inc. to Report Q1, 2026 Results on Apr 16, 2026 ManpowerGroup Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 16, 2026 Duyuru • Feb 25
ManpowerGroup Inc., Annual General Meeting, May 08, 2026 ManpowerGroup Inc., Annual General Meeting, May 08, 2026. Duyuru • Jan 06
ManpowerGroup Inc. to Report Q4, 2025 Results on Jan 29, 2026 ManpowerGroup Inc. announced that they will report Q4, 2025 results at 7:30 AM, Central Standard Time on Jan 29, 2026 Duyuru • Nov 11
ManpowerGroup Declares Semi-Annual Dividend, Payable on December 15, 2025 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $0.72 per share, payable on December 15, 2025 to shareholders of record as of the close of business on December 1, 2025. Duyuru • Oct 16
ManpowerGroup Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 ManpowerGroup Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company anticipates diluted earnings per share in the third quarter will be between $0.78 and $0.88, which includes an estimated favorable currency impact of 8 cents and a 46.5% effective tax rate. Duyuru • Oct 02
ManpowerGroup Inc. to Report Q3, 2025 Results on Oct 16, 2025 ManpowerGroup Inc. announced that they will report Q3, 2025 results at 7:30 AM, Central Standard Time on Oct 16, 2025 Duyuru • Jul 29
ManpowerGroup Inc. Appoints Valerie Beaulieu-James as Chief Growth Officer, Effective August 1, 2025 ManpowerGroup announced the appointment of Valerie Beaulieu-James as Chief Growth Officer, effective August 1, 2025. In this global role, Beaulieu-James will lead the company's commercial strategy, overseeing Sales, Insights, and Marketing to accelerate growth and deliver greater value to clients and candidates. Reporting to President & Chief Strategy Officer Becky Frankiewicz, Beaulieu-James will shape and execute ManpowerGroup's Integrated Commercial Strategy across its family of brands—Manpower, Experis, and Talent Solutions. By leveraging data and market intelligence and embracing AI-driven capabilities she will enable smarter go-to-market decisions, focus on expanding market share in priority verticals, deepening stakeholder engagement, and strengthening the company's brand equity worldwide. Beaulieu-James brings more than 30 years of global experience across technology, sales, marketing, and workforce solutions. She spent over two decades at Microsoft in senior leadership roles spanning Europe, North America, and Asia Pacific (APAC), including Chief Marketing Officer for Microsoft U.S. and General Manager for APAC SMB & Partner Business, where she led major transformation initiatives and built global commercial partnerships. She currently serves on the Board of Orange, one of the world's leading telecommunications operators, and has spent the past five years in senior commercial roles in the workforce industry. Beaulieu-James will be based in Paris. Duyuru • Jul 17
ManpowerGroup Inc. Provides Earnings Guidance for the Third Quarter of 2025 ManpowerGroup Inc. provided earnings guidance for the third quarter of 2025. For the quarter, The company anticipates diluted earnings per share in the third quarter will be between $0.77 and $0.87, which includes an estimated favorable currency impact of 3 cents and a 48.0% effective tax rate. Duyuru • Jul 02
ManpowerGroup Inc. to Report Q2, 2025 Results on Jul 17, 2025 ManpowerGroup Inc. announced that they will report Q2, 2025 results at 7:30 AM, Central Standard Time on Jul 17, 2025 Duyuru • May 14
ManpowerGroup Launches Work Intelligence Lab to Lead AI-Powered Workforce Transformation ManpowerGroup announced the launch of the Work Intelligence Lab. This initiative brings together the company's proprietary real-time data, global insights, and industry-leading research to help organizations and individuals navigate the rapidly changing future of work as artificial intelligence transforms jobs and skills. Powered by ManpowerGroup's unique position in the global labor market--placing millions of people annually across more than 70 countries--the Work Intelligence Lab houses a comprehensive real-time workforce data ecosystem; from real-time hiring data to consumer perspectives on the future of work and forward-looking employer insights on hiring trends. All delivering enhanced visibility into employer demand and worker sentiment, offering a holistic view of how AI and automation are transforming roles, skill needs, and career trajectories. The Work Intelligence Lab will serve as ManpowerGroup's hub for analyzing workforce trends and developing innovative, data-driven solutions. Duyuru • May 04
ManpowerGroup Declares Semi-Annual Dividend, Payable on June 16, 2025 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $0.72 per share, which represents a year-over-year reduction. The Board considered the current earnings environment and related payout and yield ratios in determining the dividend amount. The dividend is payable on June 16, 2025 to shareholders of record as of the close of business on June 2, 2025. Duyuru • Apr 22
Talent Solutions Right Management Launches "The Right Way" A Human-Centered Approach to Workforce Transformation Talent Solutions Right Management unveiled its strategic brand evolution, "The Right Way" - a human-centered, data-backed framework designed to align business strategy with workforce development for sustained organizational success. The updated brand strategy emphasizes Right Management's commitment to transforming organizations through people-focused career development. At the heart of the new identity is the distinctive "The Right Way loop" - a powerful design element featuring crisp typography, and a vibrant, modernized color palette. This weaves together the Right Management name with the brand narrative, creating a unique visual symbol of purpose, positioning, and identity. The Right Way loop will become instantly recognizable across all brand touchpoints. Right Management's evolved approach is built on three foundational pillars: Data-Driven Insights: Advanced technology providing actionable workforce intelligence; Career-Focused Coaching: Personalized development programs that nurture meaningful careers; Measurable Outcomes: Creating stronger bonds between people and organizations with tangible results. These pillars support three comprehensive solution areas: Assessment & Analytics: Global deployment of best-in-class assessment tools with strategic data analysis to guide talent investment decisions; Executive & Leadership Coaching: High-touch coaching delivered through an optimized technology platform with appropriate visibility into development journeys; Career Transition & Outplacement: Compassionate, comprehensive support for employees at all levels transitioning to their next career opportunity. The brand evolution strengthens Right Management's market positioning while delivering a more distinctive experience for clients, candidates, and partners. The refreshed approach will be implemented across all global markets starting this month. From talent attraction and acquisition to upskilling, development and retention, the company provide seamless delivery, leveraging best-in-class technology and extensive workforce insights across multiple countries at scale. Right Management, part of the ManpowerGroup®? family of brands - including Manpower and Experis - is global talent management offering for outplacement, career management and leader development solutions. Duyuru • Apr 17
ManpowerGroup Inc. Provides Earnings Guidance for the Second Quarter of 2025 ManpowerGroup Inc. provided earnings guidance for the second quarter of 2025. The company anticipated diluted earnings per share in the second quarter will be between $0.65 and $0.75, which includes an estimated favorable currency impact of 3 cents and a 46.5% effective tax rate. Duyuru • Apr 02
ManpowerGroup Inc. to Report Q1, 2025 Results on Apr 17, 2025 ManpowerGroup Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 17, 2025 Duyuru • Mar 07
ManpowerGroup Inc., Annual General Meeting, May 02, 2025 ManpowerGroup Inc., Annual General Meeting, May 02, 2025. Duyuru • Feb 15
Manpowergroup Inc. Announces Executives Appointments On February 14, 2025, ManpowerGroup Inc. announced the following organizational changes that were made to enable the Company to continue its focus on Winning in the Market and accelerate its Diversification, Digitization and Innovation (DDI) strategy: Effective February 14, 2025, the Board of Directors of the Company designated Becky Frankiewicz, Regional President, North America & Chief Commercial Officer, as an executive officer of the Company. In connection with this designation, the Company will be entering into a severance agreement with Ms. Frankiewicz, which will be in substantially the same form as the severance agreements entered into by the Company with each of the Company’s other executive officers. Effective March 3, 2025, in addition to his responsibilities as chief financial officer, Jack McGinnis, Executive Vice President, Chief Financial Officer, will assume responsibility for Global Technology, including Information Security and Data Privacy, and Enterprise-wide Transformation effective March 3, 2025. His title remains unchanged. Effective January 1, 2025, Michelle Nettles, who previously held the title of Executive Vice President, Chief People & Culture Officer, assumed the responsibilities of the former senior vice president, general counsel and secretary. In conjunction with her assumption of these additional responsibilities, Ms. Nettles has been named Executive Vice President, Chief People & Legal Officer. Duyuru • Feb 08
Manpowergroup Inc. Announces Retirement of Patricia Hemingway as A Member of the Board of Directors ManpowerGroup Inc. announced that on February 5, 2025, Patricia Hemingway Hall informed the company that she intends to retire as a member of the Board of Directors of the Company and not stand for re-election when her current term expires at the annual meeting of shareholders in 2025.? Ms. Hemingway Hall, who is the former Chief Executive Officer of Health Care Services Corporation, has served as a director of the Company since 2011. Ms. Hemingway Hall stated her decision to retire is consistent with her intention to rotate off the Board of Directors upon reaching the retirement age in effect at the time she joined the Board. ?Ms. Hemingway Hall stated the decision is not due to any disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. With Ms. Hemingway Hall’s forthcoming retirement, the Board of Directors will be comprised of 10 directors. The Company does not intend to fill the vacancy created by the retirement. Duyuru • Jan 30
ManpowerGroup Inc. Provides Earnings Guidance for the First Quarter of 2025 ManpowerGroup Inc. provided earnings guidance for the first quarter of 2025. For the quarter, The company anticipates diluted earnings per share will be between $0.47 and $0.57, which includes an estimated unfavorable currency impact of 6 cents and a 36% effective tax rate. Duyuru • Jan 04
ManpowerGroup Inc. to Report Q4, 2024 Results on Jan 30, 2025 ManpowerGroup Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Jan 30, 2025 Duyuru • Dec 10
ManpowerGroup Inc. Announces Executive Appointments, effective January 1, 2025 ManpowerGroup Inc. announced key leadership appointments in Europe, effective January 1, 2025. David Herranz, Senior Vice President and Head of Sales in Europe, has been appointed Regional President, Southern Europe, excluding France, and will oversee ManpowerGroup's operations across the region. He will report to Chair & CEO Jonas Prising and join the Executive Leadership Team. Additionally, Riccardo Barberis will continue as Regional President, Northern Europe while expanding his responsibilities to include France following the retirement of Alain Roumilhac at the end of the year. Herranz joined ManpowerGroup in 2021 to lead Sales and the Manpower Brand across Europe, the company's largest region. Spanish national, before joining ManpowerGroup, David held industry leadership positions in Spain, Latin America and the U.S. He currently resides in Madrid with his family. Duyuru • Nov 09
ManpowerGroup Inc. Declares Semi-Annual Dividend, Payable on December 16, 2024 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $1.54 per share, payable on December 16, 2024 to shareholders of record as of the close of business on December 2, 2024. Recent Insider Transactions • Oct 25
Executive VP recently bought €462k worth of stock On the 23rd of October, John McGinnis bought around 8k shares on-market at roughly €57.76 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: US$0.48 (vs US$0.61 in 3Q 2023) Third quarter 2024 results: EPS: US$0.48 (down from US$0.61 in 3Q 2023). Revenue: US$4.53b (down 3.1% from 3Q 2023). Net income: US$22.8m (down 25% from 3Q 2023). Profit margin: 0.5% (down from 0.6% in 3Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Oct 17
Manpowergroup Inc. Provides Earning Guidance for the Fourth Quarter of 2024 Manpowergroup Inc. provided earning guidance for the Fourth Quarter of 2024. For the quarter company anticipated diluted earnings per share in the fourth quarter will be between $0.98 and $1.08 which includes an estimated unfavorable currency impact of 1 cent. Duyuru • Oct 01
ManpowerGroup Inc. to Report Q3, 2024 Results on Oct 17, 2024 ManpowerGroup Inc. announced that they will report Q3, 2024 results at 7:30 AM, Central Standard Time on Oct 17, 2024 Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: US$1.26 (vs US$1.30 in 2Q 2023) Second quarter 2024 results: EPS: US$1.26 (down from US$1.30 in 2Q 2023). Revenue: US$4.52b (down 6.9% from 2Q 2023). Net income: US$60.1m (down 7.8% from 2Q 2023). Profit margin: 1.3% (in line with 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • Jul 18
ManpowerGroup Provides Earnings Guidance for the Third Quarter of 2024 ManpowerGroup provided earnings guidance for the third quarter of 2024. For the quarter, the company expects diluted earnings per share to be between $1.25 and $1.35, which includes an estimated unfavorable currency impact of 5 cents. This guidance excludes any restructuring costs and any Argentina related impact of non-cash currency translation losses. Duyuru • Jul 02
ManpowerGroup Inc. to Report Q2, 2024 Results on Jul 18, 2024 ManpowerGroup Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 18, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$1.54 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.2%). Declared Dividend • May 13
Dividend of US$1.54 announced Shareholders will receive a dividend of US$1.54. Ex-date: 3rd June 2024 Payment date: 14th June 2024 Dividend yield will be 4.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (285% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 217% to bring the payout ratio under control. EPS is expected to grow by 252% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • May 06
ManpowerGroup Declares Semi-Annual Dividend, Payable on June 14, 2024 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $1.54 per share, a 4.8% increase from the most recent semi-annual dividend of $1.47 per share. The dividend is payable on June 14, 2024, to shareholders of record as of the close of business on June 3, 2024. Reported Earnings • May 06
First quarter 2024 earnings released: EPS: US$0.82 (vs US$1.53 in 1Q 2023) First quarter 2024 results: EPS: US$0.82 (down from US$1.53 in 1Q 2023). Revenue: US$4.40b (down 7.3% from 1Q 2023). Net income: US$39.7m (down 49% from 1Q 2023). Profit margin: 0.9% (down from 1.6% in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Duyuru • Apr 19
ManpowerGroup Inc. Provides Earnings Guidance for Second Quarter 2024 ManpowerGroup Inc. Provided earnings guidance for second quarter 2024. For the period, company anticipate diluted earnings per share in the second quarter will be between $1.24 and $1.34, which includes an estimated unfavorable currency impact of 7 cents and excludes unfavorable operating losses for the run-off Proservia Germany business estimated at 8 cents. Operating profit margin to be $2.2% - $2.4%. Revenue to be down 5-9% (down 2-6% CC). Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: US$0.82 (vs US$1.53 in 1Q 2023) First quarter 2024 results: EPS: US$0.82 (down from US$1.53 in 1Q 2023). Revenue: US$4.40b (down 7.3% from 1Q 2023). Net income: US$39.7m (down 49% from 1Q 2023). Profit margin: 0.9% (down from 1.6% in 1Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Duyuru • Apr 02
ManpowerGroup Inc. to Report Q1, 2024 Results on Apr 18, 2024 ManpowerGroup Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 18, 2024 Duyuru • Mar 08
ManpowerGroup Inc., Annual General Meeting, May 03, 2024 ManpowerGroup Inc., Annual General Meeting, May 03, 2024, at 08:00 Central Standard Time. Agenda: To elect individuals nominated by the board of directors; and to consider ratifications of Deloitte & touche LLP as company's independent auditors. Duyuru • Feb 10
ManpowerGroup Inc. Announces Retirement of William Downe from the Board of Directors On February 7, 2024, William Downe informed ManpowerGroup (the “Company”) that he intends to retire as a member of the Board of Directors of the Company and not stand for re-election when his current term expires at the annual meeting of shareholders in 2024. Mr. Downe, who is the former Chief Executive Officer of BMO Financial Group, has served as a director of the Company since 2011, and served as lead director from 2017 to 2023. Mr. Downe stated his decision to retire is consistent with his intention to rotate off the Board of Directors upon reaching the retirement age in effect at the time he joined the Board. Mr. Downe stated the decision is not due to any disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. With Mr. Downe’s forthcoming retirement, the Board of Directors will be comprised of 11 directors. The Company does not intend to fill the vacancy created by the retirement. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: US$1.78 (vs US$7.16 in FY 2022) Full year 2023 results: EPS: US$1.78 (down from US$7.16 in FY 2022). Revenue: US$18.9b (down 4.6% from FY 2022). Net income: US$88.8m (down 76% from FY 2022). Profit margin: 0.5% (down from 1.9% in FY 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Muriel Pénicaud was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.47 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.5%). Duyuru • Nov 11
Manpowergroup Inc. Declares Semi-Annual Dividend, Payable on December 15, 2023 ManpowerGroup Inc. has declared a semi-annual dividend of $1.47 per share, payable on December 15, 2023 to shareholders of record as of the close of business on December 1, 2023. New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Duyuru • Oct 21
ManpowerGroup Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 ManpowerGroup Inc. provided earnings guidance for the fourth quarter of 2023. The company anticipated diluted earnings per share in the fourth quarter will be between $1.17 and $1.27, which includes an estimated unfavorable currency impact of 1%. Slightly lower rate of constant currency revenue growth compared to the third quarter trend. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$0.61 (vs US$2.15 in 3Q 2022) Third quarter 2023 results: EPS: US$0.61 (down from US$2.15 in 3Q 2022). Revenue: US$4.68b (down 2.6% from 3Q 2022). Net income: US$30.3m (down 73% from 3Q 2022). Profit margin: 0.6% (down from 2.3% in 3Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 05
ManpowerGroup Inc. to Report Q3, 2023 Results on Oct 19, 2023 ManpowerGroup Inc. announced that they will report Q3, 2023 results at 7:30 AM, Central Standard Time on Oct 19, 2023 Duyuru • Jul 23
ManpowerGroup Inc. Provides Group Earnings Guidance for the Third Quarter of 2023 ManpowerGroup Inc. provided group earnings guidance for the third quarter of 2023. For the quarter, the company anticipated diluted earnings per share will be between $1.32 and $1.42, which includes an estimated favorable currency impact of 8 cents. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$1.30 (vs US$2.32 in 2Q 2022) Second quarter 2023 results: EPS: US$1.30 (down from US$2.32 in 2Q 2022). Revenue: US$4.86b (down 4.3% from 2Q 2022). Net income: US$65.2m (down 47% from 2Q 2022). Profit margin: 1.3% (down from 2.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 04
ManpowerGroup Inc. to Report Q2, 2023 Results on Jul 20, 2023 ManpowerGroup Inc. announced that they will report Q2, 2023 results at 7:30 AM, Central Standard Time on Jul 20, 2023 Upcoming Dividend • May 24
Upcoming dividend of US$1.47 per share at 3.9% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: US$1.53 (vs US$1.71 in 1Q 2022) First quarter 2023 results: EPS: US$1.53 (down from US$1.71 in 1Q 2022). Revenue: US$4.75b (down 7.6% from 1Q 2022). Net income: US$77.8m (down 15% from 1Q 2022). Profit margin: 1.6% (down from 1.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 01
Insider recently sold €202k worth of stock On the 23rd of February, Donald Mondano sold around 3k shares on-market at roughly €80.71 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €315k more than they bought in the last 12 months. Recent Insider Transactions • Feb 16
Independent Director recently sold €65k worth of stock On the 13th of February, Ulice Payne sold around 780 shares on-market at roughly €83.13 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €260k more than they bought in the last 12 months. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: US$7.16 (vs US$7.02 in FY 2021) Full year 2022 results: EPS: US$7.16. Revenue: US$19.8b (down 4.3% from FY 2021). Net income: US$373.8m (down 2.2% from FY 2021). Profit margin: 1.9% (up from 1.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Professional Services industry in Europe. Duyuru • Jan 05
ManpowerGroup Inc. to Report Q4, 2022 Results on Jan 31, 2023 ManpowerGroup Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 31, 2023 Duyuru • Dec 04
ManpowerGroup Announces Resignation of Gina R. Boswell from Board of Directors Effective December 31, 2022 On November 29, 2022, Gina R. Boswell notified the ManpowerGroup Inc. that due to her recent appointment as Chief Executive Officer of Bath & Body Works, she was resigning from the Company’s Board of Directors, effective December 31, 2022. Ms. Boswell indicated that her decision to resign was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.36 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Duyuru • Nov 16
ManpowerGroup Elects Muriel Pénicaud to Board of Directors, Effective December 12, 2022 ManpowerGroup announced that Muriel Pénicaud, formerly French Ambassador to the OECD and the Minister of Labor in France under President Emmanuel Macron, has been elected to the company's Board of Directors, effective December 12, 2022. Prior to her public service, Penicaud was CEO of Business France and Senior Executive Vice President of Danone Group, in charge of Human Resources and part of the Executive Committee. Pénicaud held the position of French Ambassador to the OECD from 2020 – 2022, responsible for leading the adoption of the program to fight climate change (IPAC), integrating youth and climate issues in the ministerial priorities of OECD member countries, and acting as Member of the Clean Energy Labor Council of the International Energy Agency. Pénicaud was Minister of Labor in France from 2017 to 2020, a period in which she led the reform of the labor code and the 'Professional Future Act' on behalf of the French government, with an enhanced focus on accelerating gender equality and developing investment plans and programs for apprenticeships, upskilling and reskilling, and inclusion. Previously, from 2014 to 2017, Pénicaud was French Ambassador for International Investment and was also CEO of Business France, the national agency supporting the international development of the French economy. Prior to her government service, she held international positions within the private sector. From 2008 to 2014, she was the Senior Executive Vice-President, Human Resources at Danone Group and a member of its Executive Committee. Duyuru • Nov 12
ManpowerGroup Declares Semi-Annual Dividend, Payable on December 15, 2022 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $1.36 per share, payable on December 15, 2022 to shareholders of record as of the close of business on December 1, 2022. Duyuru • Oct 22
ManpowerGroup Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 ManpowerGroup Inc. provided earnings guidance for the fourth quarter of 2022. On that basis, The company is forecasting underlying earnings per share for the fourth quarter to be in the range of $2.11 to $2.19, which includes an unfavorable foreign currency impact of $0.38 per share. Constant currency revenue guidance range is between a decrease of 1% and an increase of 3% and at the midpoint represents a 1% increase. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$2.15 (vs US$1.80 in 3Q 2021) Third quarter 2022 results: EPS: US$2.15 (up from US$1.80 in 3Q 2021). Revenue: US$4.80b (down 6.6% from 3Q 2021). Net income: US$111.3m (up 14% from 3Q 2021). Profit margin: 2.3% (up from 1.9% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Oct 04
ManpowerGroup Inc. to Report Q3, 2022 Results on Oct 20, 2022 ManpowerGroup Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 20, 2022 Reported Earnings • Jul 20
Second quarter 2022 earnings released: EPS: US$2.32 (vs US$2.05 in 2Q 2021) Second quarter 2022 results: EPS: US$2.32 (up from US$2.05 in 2Q 2021). Revenue: US$5.07b (down 3.8% from 2Q 2021). Net income: US$122.2m (up 9.5% from 2Q 2021). Profit margin: 2.4% (up from 2.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.2% compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Duyuru • Jul 20
ManpowerGroup Inc. Provides Earnings Guidance for the Third Quarter of 2022 ManpowerGroup Inc. provided earnings guidance for the third quarter of 2022. For the period, the company expects diluted earnings per share will be between $2.19 and $2.27, which includes an estimated unfavorable currency impact of 29 cents. Duyuru • Jul 01
ManpowerGroup Inc. to Report Q2, 2022 Results on Jul 19, 2022 ManpowerGroup Inc. announced that they will report Q2, 2022 results Pre-Market on Jul 19, 2022 Upcoming Dividend • May 24
Upcoming dividend of US$1.36 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.5%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: US$1.71 (vs US$1.13 in 1Q 2021) First quarter 2022 results: EPS: US$1.71 (up from US$1.13 in 1Q 2021). Revenue: US$5.14b (up 4.4% from 1Q 2021). Net income: US$91.6m (up 48% from 1Q 2021). Profit margin: 1.8% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • May 08
ManpowerGroup Inc. Declares Semi Annual Dividend, Payable on June 15, 2022 The Board of Directors of ManpowerGroup has declared a semi-annual dividend of $1.36 per share, a 7.9% increase from the most recent semi-annual dividend of $1.26 per share. The dividend is payable on June 15, 2022 to shareholders of record as of the close of business on June 1, 2022. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: US$1.71 (vs US$1.13 in 1Q 2021) First quarter 2022 results: EPS: US$1.71 (up from US$1.13 in 1Q 2021). Revenue: US$5.14b (up 4.4% from 1Q 2021). Net income: US$91.6m (up 48% from 1Q 2021). Profit margin: 1.8% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.4%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Apr 02
ManpowerGroup Inc. to Report Q1, 2022 Results on Apr 19, 2022 ManpowerGroup Inc. announced that they will report Q1, 2022 results Pre-Market on Apr 19, 2022 Recent Insider Transactions • Feb 26
Insider recently sold €147k worth of stock On the 23rd of February, Donald Mondano sold around 2k shares on-market at roughly €95.71 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €389k more than they bought in the last 12 months. Recent Insider Transactions • Feb 15
Insider recently sold €143k worth of stock On the 14th of February, Donald Mondano sold around 1k shares on-market at roughly €97.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €745k more than they bought in the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$7.02 (up from US$0.41 in FY 2020). Revenue: US$20.7b (up 15% from FY 2020). Net income: US$382.4m (up US$358.6m from FY 2020). Profit margin: 1.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.7%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Duyuru • Feb 02
ManpowerGroup Inc. Provides Earnings Guidance for the First Quarter of 2022 ManpowerGroup Inc. provided earnings guidance for the first quarter of 2022. The company anticipates diluted earnings per share in the first quarter will be between $1.56 and $1.64, which includes an estimated unfavorable currency impact of 10 cents. The company expects total revenue: Up 1-5% (6-10% CC) (3-7% OCC). EBITA margin to be 2.7% to 2.9%. Regarding revenues, the stabilized impact of the regulation in Mexico represents a year-over-year revenue loss of about 2% in the first quarter of 2022. Considering this, the company's constant currency revenue guidance growth range is between 6% and 10%. After adjusting for the acquisition of ettain and the disposition of Russia mid-January, the company's organic constant currency growth range is estimated between 3% and 7%. As billing days are only a minor increase in the first quarter, this results in an organic days adjusted revenue growth rate of 5% at the midpoint. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.26 per share Eligible shareholders must have bought the stock before 30 November 2021. Payment date: 15 December 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.8%). Recent Insider Transactions • Nov 17
Independent Director recently sold €99k worth of stock On the 12th of November, Ulice Payne sold around 1k shares on-market at roughly €90.44 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €602k more than they bought in the last 12 months. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS US$1.80 (vs US$0.18 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$5.14b (up 12% from 3Q 2020). Net income: US$97.7m (up US$87.4m from 3Q 2020). Profit margin: 1.9% (up from 0.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS US$2.05 (vs US$1.11 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$5.28b (up 41% from 2Q 2020). Net income: US$111.6m (up US$176.0m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • May 21
Upcoming dividend of US$1.26 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.0%). Executive Departure • May 12
Independent Director has left the company On the 7th of May, Cari Dominguez's tenure as Independent Director ended after 14.0 years in the role. We don't have any record of a personal shareholding under Cari's name. Cari is the only executive to leave the company over the last 12 months. Duyuru • May 08
ManpowerGroup Inc. Declares Semi-Annual Dividend, Payable on June 15, 2021 The Board of Directors of ManpowerGroup Inc. announced that it has declared a semi-annual dividend of $1.26 per share, a 7.7% increase from the most recent semi-annual dividend of $1.17 per share. The dividend is payable on June 15, 2021 to shareholders of record as of the close of business on June 1, 2021.