ManpowerGroup (In millions) | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------|-------|---------|-------|-------------|------------------------------------|---------------------| | | | 2023 | | 2022 | % Variance \nAmount \nReported | Constant \nCurrency | | | | | | (Unaudited) | | | | Revenues from Services: | | | | | | | | Americas: | | | | | | | | United States | $ | 741.6 | $ | 854.2 | -13.2 % | -13.2 % | | Other Americas | | 388.6 | | 397.0 | -2.1 % | 9.0 % | | | ...

Operations and Revenue - As of December 31, 2023, ManpowerGroup operated 2,100 offices in approximately 75 countries, connecting millions of people to work each year [12]. - In the Americas segment, 67% of revenue was generated from the United States, with 286 branch and 131 franchise offices as of December 31, 2023 [31]. - In Southern Europe, the largest operations are in France (57% of segment revenue) and Italy (20% of segment revenue), with 1,139 branch offices in total [34]. - Approximately 91% of revenues in the Americas segment were derived from staffing/interim services during 2023 [33]. - In Northern Europe, 84% of revenues were generated from staffing/interim services in 2023 [40]. - The Asia Pacific Middle East (APME) region accounted for approximately 77% of revenues from staffing/interim services during 2023 [41]. - The company operates in approximately 75 countries, with 30% of its workforce in the Americas and 32% in Southern Europe [61]. - Approximately 84% of the company's revenues were generated outside of the United States, primarily in Europe [121]. Financial Performance - Revenues from services decreased by 4.6% in 2023, totaling $18,914.5 million compared to $19,827.5 million in 2022 [186]. - The Americas experienced a significant revenue decrease of 10.6%, primarily due to a $246.4 million decline in demand for staffing services [188]. - Operating profit decreased by 56.0% to $255.8 million, with an operating profit margin of 1.4%, down from 2.9% in 2022 [183]. - Net earnings fell by 76.3% to $88.8 million, with diluted net earnings per share dropping to $1.76 from $7.08 [187]. - The effective income tax rate increased to 56.9% in 2023, compared to 32.9% in 2022 [187]. - Selling and administrative expenses decreased by 4.7% in 2023, mainly due to a reduction in bonuses and sales commissions [198]. - Selling and administrative expenses increased by 15.8% in 2023 compared to 2022, primarily due to $120.4 million in restructuring costs, up from $0.8 million in 2022 [206]. Workforce and Talent Management - The company had around 27,900 full-time equivalent employees as of December 31, 2023 [53]. - The Manpower MyPath program has impacted over 240,000 lives through 2023, with MyPath associates now representing 36% of the associate talent pool [57]. - The Experis Academy has graduated more than 1,900 developers by the end of 2023, addressing skills gaps for over 170 tech companies across 17 countries [58]. - The Future Leader Program saw 198 employees complete it in 2023, totaling 832 since its inception in 2019 [68]. - The Accelerated Leadership Program had 58 completions in 2023, with a total of 90 since its launch in 2022 [68]. Economic and Market Conditions - ManpowerGroup's operations are sensitive to economic factors, making it challenging to forecast future demand for services with certainty [26]. - The company is sensitive to global macroeconomic conditions, with a significant risk of recession impacting demand for staffing services [82]. - Economic conditions in Europe, which accounts for 64% of the company's revenue, are particularly susceptible to geopolitical events and inflationary pressures [84]. - The company expects continued challenges in the business environment, particularly in North America and Europe, due to economic uncertainty [177]. Risks and Challenges - The competitive landscape in the employment services industry is intensifying, with pressure on pricing and the risk of clients opting for in-house resources or AI tools [91]. - The company faces challenges in maintaining profitability during periods of low demand, as selling and administrative expenses do not decline as quickly as revenues [83]. - The company is increasingly reliant on technology systems, which are vulnerable to cyberattacks and system failures, potentially leading to operational disruptions [99]. - Compliance with evolving data privacy and cybersecurity regulations, such as GDPR, adds operational burdens and potential financial penalties [97]. - The company faces intense competition for qualified personnel, particularly in the IT field, which may restrict its ability to fulfill customer requirements [103]. Strategic Initiatives - The company aims for 50% gender parity at the global leadership level by 2025 [64]. - The company is focused on championing diversity, equity, inclusion, and belonging (DEIB) across its operations [60]. - The company aims to diversify revenues beyond core staffing services, focusing on higher-margin professional resourcing, such as its Experis brand in IT recruitment [112]. - The company has made significant acquisitions, including ettain group in 2021, which may introduce unexpected costs and operational risks [117]. - The company has disposed of operations in the Philippines, Russia, and Hungary to optimize its strategic footprint, which may involve financial losses and reputational risks [119]. Shareholder Information - The company has authorized the repurchase of 5.0 million shares in August 2023, with 4.6 million shares remaining authorized for repurchase as of December 31, 2023 [167]. - The total number of shares repurchased in Q4 2023 was 697,138, with an average price paid per share of $71.95 [168]. - The cumulative total shareholder return on the company's common stock was $123 as of December 31, 2023, compared to $150 in 2021 [171]. - The company expects to continue paying semi-annual dividends, subject to review and change at the discretion of the Board of Directors [166]. Cybersecurity and Data Privacy - The company has experienced data security breaches in the past, which have not materially impacted operations, but ongoing vulnerabilities remain a concern [93]. - The Chief Information Security Officer (CISO) leads the global information security organization, providing regular reports on cybersecurity threats and assessments [153]. - The Audit Committee oversees the annual enterprise risk assessment, including cybersecurity threats and mitigation strategies [154].

ManpowerGroup Inc. (NYSE:MAN) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Steinerman - J.P. Morgan Jeff Silber - BMO Capital Markets Josh Chan - UBS Mark Marcon - Baird Kartik Mehta - Northcoast Research Manav Patnaik - Barclay’s Capital Tobey Sommer - Truist Securities Trevor Romeo - William Blair Heather Balsky - ...

ManpowerGroup – Total ManpowerGroup 2023 Fourth Quarter Results (1) January 30, 2024 This presentation contains statements, including statements regarding economic and geopolitical uncertainty, financial outlook, including any residual costs resulting from the wind-down of the Proservia business in Germany, labor demand, including demand for green skills and the impact of AI on the labor market, the outlook for our business in the regions in which we operate as well as key countries within those regions, th ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: September 30, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) | Wisconsin | 39-1672779 | | -- ...

ManpowerGroup Inc. (NYSE:MAN) Q3 2023 Earnings Conference Call October 19, 2023 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Mark Marcon - Baird Jeff Silber - BMO Capital Markets Josh Chan - UBS George Tong - Goldman Sachs Princy Thomas - Barclays Jasper Bibb - Truist Securities Stephanie Moore - Jefferies Operator Welcome to ManpowerGroup's Third Quarter Earnings Results Conference Call. You'll be p ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: June 30, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) | Wisconsin | 39-1672779 | | --- | - ...

ManpowerGroup Inc. (NYSE:MAN) Q2 2023 Earnings Conference Call July 20, 2023 8:30 AM ET Company Participants Jonas Prising - Chairman & Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Mark Marcon - Baird George Tong - Goldman Sachs Josh Chan - UBS Jeff Silber - BMO Capital Markets Tobey Sommer - Truist Securities Kartik Mehta - Northcoast Research Stephanie Moore - Jefferies Stephanie Yee - JPMorgan Operator Welcome to ManpowerGroup's Second Quarter Earnings Resu ...

MANPOWERGROUP INC. United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: March 31, 2023 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______ Commission file number: 1-10686 (Exact name of registrant as specified in its charter) | Wisconsin | 39-1672779 | | --- | ...

ManpowerGroup Inc. (NYSE:MAN) Q1 2023 Earnings Conference Call April 20, 2023 8:30 AM ET Company Participants Jonas Prising - Chairman, Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Mark Marcon - Baird Jeff Silber - BMO Capital Markets Kartik Mehta - Northcoast Research Stephanie Yee - JP Morgan George Tong - Goldman Sachs Ronan Kennedy - Barclays Jasper Bibb - Truist Securities Operator Welcome to ManpowerGroup’s first quarter earnings results conference call ...