Manpower beats by $0.04, reports revs in-line; guides Q1 EPS below consensus
- Reports Q4 (Dec) earnings of $1.02 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.98; revenues fell 5.0% year/year to $4.4 bln vs the $4.4 bln FactSet Consensus.
- Co issues downside guidance for Q1, sees EPS of $0.47-0.57, excluding non-recurring items, vs. $0.75 FactSet Consensus.
- Jonas Prising, ManpowerGroup Chair & CEO, said, "The operating conditions experienced across our regions came in largely as expected during the quarter with relatively stable activity at lower levels across North America and Europe and good demand elsewhere. We took additional cost actions during the quarter, primarily in some of our most challenged European markets. Looking back at full year 2024, although difficult market conditions weighed heavily on our financial results, we competed well in many markets as a result of our Winning in the Market focus. We also made significant progress advancing our global transformation initiatives during 2024 and look forward to continuing our progress in 2025."