ManpowerGroup Inc. ( (MAN) ) has released its Q1 earnings. Here is a breakdown of the information ManpowerGroup Inc. presented to its investors.
ManpowerGroup Inc., a global leader in workforce solutions, specializes in sourcing, assessing, developing, and managing talent across various industries worldwide. The company operates through its brands Manpower, Experis, and Talent Solutions, providing skilled talent to organizations in over 70 countries.
In its first-quarter 2025 earnings report, ManpowerGroup reported revenues of $4.1 billion, marking a 7% decline from the previous year. The company faced challenging conditions in Europe and North America, while Latin America and Asia Pacific showed strong demand. Net earnings per diluted share dropped to $0.12 from $0.81 in the same period last year.
Key financial metrics revealed a gross profit margin of 17.1%, reflecting solid staffing margins despite weaker permanent recruitment activity. The company undertook restructuring actions, reducing SG&A expenses year-over-year. Additionally, $25 million worth of common stock was repurchased during the quarter. The earnings were impacted by restructuring costs and higher income tax charges due to legislative changes in France.
Looking ahead, ManpowerGroup remains focused on adapting to market conditions and maintaining close relationships with clients and candidates. The company anticipates diluted earnings per share for the second quarter to range between $0.65 and $0.75, factoring in a favorable currency impact and an effective tax rate of 46.5%.