NYSE$MAN
ManpowerGroup Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
ManpowerGroup's financial performance softened due to challenging conditions in North America and Europe, but was supported by solid demand in Latin America and Asia-Pacific.
ManpowerGroup reported a decrease in revenue and earnings per share for Q2 2024 compared to the prior year period. Revenues decreased by 7% to $4.5 billion, and net earnings per diluted share decreased to $1.24. The company faced challenging environments in North America and Europe, while experiencing solid demand in Latin America and Asia-Pacific.
- Revenues decreased by 7% as reported, or 3% in constant currency, reaching $4.5 billion.
- Challenging conditions persisted in North America and Europe, with solid demand in Latin America and Asia-Pacific.
- Gross profit margin was 17.4%, with staffing margins remaining solid.
- SG&A expenses were reduced by 9% as reported.
Headline financials
Revenue & EPS history
ManpowerGroup · Revenue · Quarterly
$4.52B
Forward guidance
ManpowerGroup anticipates diluted earnings per share in the third quarter will 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.
Tailwinds
- Earnings per share in the third quarter will be between $1.25 and $1.35.
- The guidance includes an estimated unfavorable currency impact of 5 cents.
- Strategic initiatives are being prioritized.
- Sales activities are being driven.
- Costs are being balanced to align with the current operating environment.
Headwinds
- Employers in North America and Europe continue to remain cautious.
- Permanent recruitment activity softened slightly further from the previous quarter.
- There is an estimated unfavorable currency impact of 5 cents.
- The guidance excludes any restructuring costs.
- The guidance excludes any Argentina related impact of non-cash currency translation losses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
-1.2%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+15.1%
Q4 2025
Best reaction
-19.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +3.6% | -15.6% | |
| Q4 2025 | +15.1% | +20.2% | -3.4% | |
| Q3 2025 | -6.8% | -9.6% | -24.7% | |
| Q2 2025 | -1.4% | +1.1% | -8.1% | |
| Q1 2025 | -19.1% | -13.4% | -11.2% | |
| Q4 2024 | +0.5% | -2.3% | -4.6% | |
| Q3 2024 | -12.2% | -15.4% | -17.0% | |
| Q2 2024 | -3.7% | -3.1% | -4.5% | |
| Q1 2024 | +6.8% | +9.1% | +9.7% | |
| Q4 2023 | -3.1% | -3.2% | -5.7% | |
| Q3 2023 | -1.6% | -3.0% | +5.8% | |
| Q2 2023 | -12.3% | -8.8% | -13.2% | |
| Q1 2023 | -6.2% | -5.8% | -8.3% | |
| Q4 2022 | +2.4% | +4.5% | -2.7% | |
| Q3 2022 | +5.2% | +5.9% | +18.5% | |
| Q2 2022 | -1.5% | -4.8% | +1.1% | |
| Q1 2022 | +8.1% | +4.1% | +0.8% | |
| Q4 2021 | +2.2% | +2.3% | -3.4% | |
| Q3 2021 | -8.0% | -10.1% | -12.4% | |
| Q2 2021 | -1.4% | +1.1% | +6.3% | |
| Q1 2021 | +4.8% | +9.8% | +9.3% | |
| Q4 2020 | -0.4% | +1.2% | +5.9% | |
| Q3 2020 | -1.4% | +4.2% | +20.9% | |
| Q2 2020 | -0.8% | -1.2% | +4.3% | |
| Q1 2020 | +8.0% | +11.0% | +15.5% | |
| Q4 2019 | -1.5% | +3.8% | -19.2% | |
| Q3 2019 | +4.3% | +5.0% | +8.7% | |
| Q2 2019 | -0.5% | +1.3% | -5.8% | |
| Q1 2019 | +10.3% | +11.7% | +5.8% | |
| Q4 2018 | +2.9% | +4.0% | +11.2% | |
| Q3 2018 | -2.5% | -5.8% | +1.2% | |
| Q2 2018 | +5.6% | +7.9% | +2.5% | |
| Q1 2018 | -15.8% | -19.1% | -20.0% | |
| Q4 2017 | -11.2% | -8.5% | -9.8% | |
| Q3 2017 | -1.3% | +0.4% | +2.8% | |
| Q2 2017 | -8.9% | -10.9% | -9.2% | |
| Q1 2017 | +1.6% | -0.6% | -1.3% | |
| Q4 2016 | +2.8% | +4.3% | +3.3% | |
| Q3 2016 | +8.0% | +7.5% | +17.2% | |
| Q2 2016 | +2.2% | +2.0% | +2.1% | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | -4.4% | — | — | |
| Q2 2015 | -2.5% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +9.9% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | +6.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q1 2013 | +2.9% | — | — | |
| Q4 2012 | +6.1% | — | — | |
| Q3 2012 | +9.0% | — | — | |
| Q2 2012 | -9.2% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | +2.3% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | -5.4% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q2 2009 | +1.3% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — |
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