The following is a summary of the ManpowerGroup Inc. (MAN) Q4 2024 Earnings Call Transcript:

Financial Performance:

• In Q4 2024, ManpowerGroup reported revenue of $4.4 billion, a decrease of 3% year-over-year in constant currency.

• Adjusted EBITA was $94 million, decreasing 12% in constant currency year-over-year.

• Adjusted earnings per diluted share were $1.02, representing a 27% decrease in constant currency year-over-year.

Business Progress:

• ManpowerGroup continues to focus on re-skilling and upskilling solutions to address tech staffing challenges.

• The company maintains steady hiring intentions, particularly among larger organizations, balancing talent retention and acquisition with evolving market demands.

• Emphasizing operational efficiency through ongoing transformation and digitization initiatives.

Opportunities:

• Positive outlook on the use of AI to enhance productivity and growth across industries, with initiatives to train and adapt the current workforce to new technologies.

• Strategic focus on diversifying service offerings and increasing higher-margin lines of business within Manpower, Experis, and Talent Solutions brands.

Risks:

• Economic uncertainty and geopolitical tensions impacting market stability and hiring trends, particularly in Europe and Northern Europe.

• Potential changes in corporate tax rates in France due to new government budgets.

More details: ManpowerGroup IR

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