MANPOWERGROUP INC Releases Q2 FY2023 Earnings Results on June 30 2023
August 2, 2023
🌥️Earnings Overview
MANPOWERGROUP INC ($NYSE:MAN) reported their second quarter FY2023 earnings results on June 30 2023. Total revenue for the period totaled USD 4856.1 million, a decrease of 4.3% from the same quarter in the previous year. Net income also declined 46.6% to USD 65.2 million.
Share Price
On June 30, 2023, MANPOWERGROUP INC released its financial results for the second quarter of Fiscal Year 2023. The stock opened at $85.7 and closed at $82.4, representing a 7.3% drop from the previous closing price of 88.8. This was the largest single-day decline of the stock since April of the same year. The earnings report showed a drop in revenue and income for MANPOWERGROUP INC during the second quarter of FY2023 compared to the previous period. These decreases were caused by decreased demand for the company’s services due to the pandemic-related economic downturn.
Although the earnings report was not what investors had hoped for, analysts remain optimistic about the future of MANPOWERGROUP INC. The company has a strong history of delivering reliable services and has been able to continue to offer employment opportunities even during economic downturns. As such, analysts expect the company to recover and deliver strong returns in future quarters. While revenue and net income declined in the second quarter compared to the previous period, analysts remain optimistic that the company will be able to recover and deliver strong returns in future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Manpowergroup Inc. More…
| Total Revenues | Net Income | Net Margin |
| 19.22k | 303 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Manpowergroup Inc. More…
| Operations | Investing | Financing |
| 370.8 | -79.1 | -793.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Manpowergroup Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.87k | 6.42k | 48.37 |
Key Ratios Snapshot
Some of the financial key ratios for Manpowergroup Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.7% | 5.1% | 2.7% |
| FCF Margin | ROE | ROA |
| 1.6% | 13.1% | 3.6% |
Analysis
GoodWhale has conducted an analysis of MANPOWERGROUP INC‘s fundamentals, and the results are favorable. The Star Chart analysis reveals a high health score of 9/10 with regard to cashflows and debt, meaning that the company is capable of sustaining future operations even in times of crisis. Additionally, our analysis has classified MANPOWERGROUP INC as a ‘cow’, indicating that it has a track record of paying out consistent and sustainable dividends. Given these findings, investors looking for reliable dividend returns may be interested in investing in MANPOWERGROUP INC. Furthermore, the company is strong in dividend and profitability, and medium in asset. Finally, it is weak in terms of growth, but this should not deter investors looking for a reliable long-term investment. More…
Peers
Its competitors include Robert Half International Inc, Randstad NV, and Kelly Services Inc.
– Robert Half International Inc ($NYSE:RHI)
Robert Half International Inc. is a provider of professional staffing and consulting services. The company operates through three segments: Accountemps, Robert Half Finance & Accounting, and Robert Half Management Resources. The Accountemps segment provides temporary professional accounting and finance personnel. The Robert Half Finance & Accounting segment provides permanent placement professional accounting and finance personnel. The Robert Half Management Resources segment provides temporary and project professional management personnel. The company was founded in 1948 and is headquartered in Menlo Park, California.
– Randstad NV ($LTS:0NW2)
Randstad is a provider of human resources services. It is headquartered in the Netherlands and has over 4,800 offices in 40 countries. The company offers temporary and permanent staffing, outsourcing, and consulting services. It also provides a range of HR solutions, including payroll, benefits, and training.
– Kelly Services Inc ($NASDAQ:KELYA)
Kelly Services, Inc. is a provider of workforce solutions. The Company offers a range of services, including permanent, temporary and contract placement; outsourcing and consulting; and talent management solutions. It serves customers in a range of industries, including automotive, finance and accounting, healthcare, information technology, life sciences, manufacturing and office. The Company operates through three segments: Americas Staffing, International Staffing and Talent Solutions. The Company’s Americas Staffing segment provides staffing and human resource solutions to a range of customers throughout the United States, Canada and Puerto Rico. The International Staffing segment provides staffing solutions to a range of customers in approximately 30 countries. The Talent Solutions segment provides contract-based professional placement, managed service programs and outplacement services.
Summary
Investors in MANPOWERGROUP INC may have been disappointed by the company’s latest earning report. Revenue for the second quarter of FY 2023 decreased by 4.3% compared to the same period last year, while net income dropped 46.6%. This caused the stock price to decline on the same day. Moving forward, investors should continue to monitor the company’s performance to determine if this is an opportunity to buy shares or a sign of more troubling times ahead.
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