ManpowerGroup Reports 1st Quarter 2025 Results

Core Insights - ManpowerGroup reported a significant decline in net earnings for Q1 2025, with earnings per diluted share at $0.12 compared to$ 0.81 in the same period last year, reflecting a decrease of 85.5% [1][12] - Revenues for the first quarter were $4.1 billion, marking a 7% decrease from the prior year, with a 5% decrease on a constant currency basis and a 2% decrease on an organic constant currency basis [1][8] Financial Performance - The current quarter's results were adversely affected by restructuring costs and increased income tax charges, which reduced earnings per share by$ 0.32 [2] - Excluding these charges, earnings per share would have been $0.44, representing a 51% decrease in constant currency [2] - Gross profit margin was reported at 17.1%, indicating solid staffing margins across most major markets despite slightly weaker permanent recruitment activity [8] Regional Performance - The company experienced growth in Latin America and Asia Pacific, while facing challenges in Europe and North America [3] - In the Americas, revenues increased slightly by 1.2% in the United States, while Southern Europe saw a decline, particularly in France, which dropped by 12.2% [14] Future Outlook - ManpowerGroup anticipates diluted earnings per share for Q2 2025 to be between$ 0.65 and $0.75, factoring in a favorable currency impact of 3 cents and a 46.5% effective tax rate [4] - The demand outlook remains uncertain due to increased caution following trade policy developments [3]