ManpowerGroup reports Q2 EPS ($1.44) with items, consensus 68c

Q2 EPS included a non-cash goodwill and intangible asset impairment charge, restructuring costs and net losses from the sale of businesses which will operate as franchises going forward, which reduced Q2 EPS by $2.22; excluding these charges, EPS was 78c. Reports Q2 revenue $4.5B, consensus $4.34B. CEO Jonas Prising said “During the quarter, we continued to make strong progress in executing our plans to Diversify, Digitize and Innovate – with a focus on expanding our role as the strategic workforce partner of choice for our clients as tech transformation gathers pace. Although demand remains mixed across our global markets as employers adapt to economic and geopolitical volatility, we are beginning to see positive signs of stabilization in the US and parts of Europe. We remain focused on achieving market share gains while we make further adjustments to our cost base. Our ongoing investments in strengthening our digital core to accelerate AI adoption will ensure we are well positioned to accelerate progress and provide even more value to clients and candidates in future quarters.”