ManpowerGroup Inc. ( (MAN) ) has released its Q4 earnings. Here is a breakdown of the information ManpowerGroup Inc. presented to its investors.
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ManpowerGroup Inc., a global leader in workforce solutions, assists organizations in sourcing, assessing, developing, and managing talent across more than 70 countries and territories. The company provides innovative solutions to transform businesses in a fast-changing world of work.
In its fourth-quarter earnings report for 2024, ManpowerGroup revealed revenues of $4.4 billion, marking a 5% decline from the previous year. Despite challenging conditions in Europe and North America, the company reported a net earnings turnaround with $0.47 per diluted share, up from a net loss of $1.73 per share a year earlier.
Key financial metrics indicate a 5% revenue decline, with a gross profit margin of 17.2%. The company executed cost reduction strategies, particularly in Europe, which partially offset profit declines. ManpowerGroup also strengthened its financial position with strong cash flow from operations and a reduction in Days Sales Outstanding.
Despite the difficult market conditions, the company has focused on its Winning in the Market strategy and global transformation initiatives. With restructuring costs and currency fluctuations impacting results, adjusted earnings per share were reported at $1.02, a 27% decrease in constant currency.
Looking forward, ManpowerGroup management anticipates diluted earnings per share in the range of $0.47 to $0.57 for the first quarter of 2025, with ongoing challenges expected from currency impacts and a projected effective tax rate of 36%.
