NYSE$MAN
ManpowerGroup Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
ManpowerGroup reported a net loss for Q4 2023 due to restructuring costs and non-cash charges, while facing a challenging environment in North America and Europe but seeing solid demand in LATAM and APME.
ManpowerGroup reported Q4 2023 revenues of $4.6 billion, a 4% decrease from the prior year. The company experienced a net loss of $1.73 per diluted share, compared to net earnings of $0.95 per diluted share in the prior year. Results were impacted by restructuring costs, non-cash charges, and a stronger U.S. dollar.
- Revenues decreased by 4% as reported and 5% in constant currency, reaching $4.6 billion.
- The company faced a challenging environment in North America and Europe, but experienced solid demand in LATAM and APME.
- Gross profit margin was 17.5%, with staffing margins remaining resilient.
- The quarter included a non-cash goodwill impairment charge of $55 million and restructuring charges of $90 million related to the wind down of the Germany Proservia business.
Headline financials
Revenue & EPS history
ManpowerGroup · Revenue · Quarterly
$4.63B
Forward guidance
ManpowerGroup anticipates diluted earnings per share in the first quarter to be between $0.88 and $0.98, which includes an estimated unfavorable currency impact of 2 cents and excludes unfavorable operating losses for the run-off of our Proservia business estimated at 14 cents. Our guidance excludes restructuring costs and 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 Q4 2023
-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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