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Last $88.90 USD
Change Today +0.23 / 0.26%
Volume 882.9K
MAN On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

manpowergroup inc (MAN) Key Developments

Manpower Group Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Manpower Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues from services were $4,861.3 million against $5,321.7 million for the same period a year ago. Operating profit was $178.7 million against $187.4 million for the same period a year ago. Earnings before income taxes were $171.5 million against $179.5 million for the same period a year ago. Net earnings were $105.7 million against $109.8 million for the same period a year ago. Net earnings per diluted share were $1.33 against $1.35 for the same period a year ago. Earnings per share exceeded expectations, this was up 16% from the prior year in constant currency but was down 1% on a USD reported basis. This strong earnings growth was driven by better-than-expected constant currency revenue growth of 6.6%, which is slightly above the guidance range. For the six months, revenues from services were $9,403.5 million against $10,225.7 million for the same period a year ago. Operating profit was $301.5 million against $314.3 million for the same period a year ago. Earnings before income taxes were $283.7 million against $297.2 million for the same period a year ago. Net earnings were $171.4 million $179.9 million for the same period a year ago. Net earnings per diluted share were $2.16 against $2.21 for the same period a year ago. Cash provided by operating activities was $38.8 million against cash used in operating activities of $16.0 million for the same period a year ago. Capital expenditures were $20.1 million against $20.6 million for the same period a year ago. The company anticipating the third quarter of 2015 diluted earnings per share to be in the range of $1.50 to $1.58 which includes an estimated unfavorable currency impact of 24 cents. At the midpoint of earnings guidance in constant currency, the company is forecasting $1.78 per share, which is up 11% over the prior year on 6% constant currency revenue growth. The company is forecasting constant currency revenue to grow between 5% and 7%. This is consistent with the average daily revenue growth saw in June of 5.6%. On a reported USD basis, the company expects revenues to range from a decline of 6% to a decline of 8%. This reflects a negative impact from currencies of about 13% based upon exchange rates. The company expects gross profit margin to be slightly up over the prior year, driven by the impact of pricing initiatives and continued strong growth in permanent recruitment. Operating profit margin should be flat to slightly up over the prior year, resulting in constant currency operating profit growth of 11% at the midpoint. The company is estimating an income tax rate of 37.5% or 2% higher than the prior year. Impact of this higher rate on earnings per share is offset by a lower estimated share count of 78.4 million.

ManpowerGroup Inc. to Report Q2, 2015 Results on Jul 21, 2015

ManpowerGroup Inc. announced that they will report Q2, 2015 results at 7:30 AM, Central Standard Time on Jul 21, 2015

ManpowerGroup Inc., Q2 2015 Earnings Call, Jul 21, 2015

ManpowerGroup Inc., Q2 2015 Earnings Call, Jul 21, 2015

ManpowerGroup Inc. Declares Semi-Annual Dividend, Payable on June 15, 2015

The Board of Directors of ManpowerGroup has declared a semi-annual dividend of 80 cents per share, a 63% increase from the most recent dividend of 49 cents per share. The dividend is payable on June 15, 2015 to shareholders of record as of the close of business on June 1, 2015.

ManpowerGroup Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance Fore the Second Quarter of 2015

ManpowerGroup announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenue was $4.4 billion, a decrease of 7.4% compared with $4.9 billion the same three-month period in 2014. Net income was $65.7 million, or 83 cents per share, down 6.3% compared with $70.1 million, or 88 cents per share, in the same quarter one year ago. Financial results in the quarter were significantly impacted by the stronger US dollar relative to several foreign currencies compared to the prior year period. Operating profit was $122.8 million against $126.9 million a year ago. Earnings before income taxes were $112.2 million against $117.7 million a year ago. Cash provided by operating activities was $22.3 million against cash used in operating activities of $15.5 million a year ago. Capital expenditures were $9.9 million against $8.3 million a year ago. Acquisitions of businesses, net of cash acquired were $10.1 million against $9.4 million a year ago. The company anticipated second quarter earnings per share will range between $1.21 to $1.29, which includes an estimated unfavorable currency impact of 29 cents.

 

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MAN

Industry Average

Valuation MAN Industry Range
Price/Earnings 16.9x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 16.6x
TEV/Sales 0.3x
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