Fri, May 2, 8:35 PM (16 days ago)
**ManpowerGroup Inc. (MAN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $4,090.3 million, down 7.1% YoY (down 4.6% in constant currency). - **Gross Profit:** $698.3 million, down 8.6% YoY. - **Operating Profit:** $28.2 million, down 57.2% YoY. - **Net Earnings:** $5.6 million, down 86% YoY. - **EPS (Diluted):** $0.12, down 85.5% YoY. - **Cash Flow from Operations:** Negative $153.2 million, compared to positive $116.0 million in Q1 2024. **Profit Margins:** - **Gross Margin:** 17.1%, down 20 basis points YoY. - **Operating Margin:** 0.7%, down 80 basis points YoY. **Cash Flow & Earnings Changes:** - **Cash Flow from Operations:** Negative $153.2 million, due to changes in operating assets and liabilities. - **Capital Expenditures:** $13.7 million, up from $11.8 million in Q1 2024. - **Acquisitions:** $1.0 million in cash consideration paid for acquisitions. **Segment Performance:** - **Americas:** Revenue up 2.0% YoY (5.3% in constant currency), driven by Manpower staffing services and TBO. - **Southern Europe:** Revenue down 7.4% YoY, impacted by decreased demand and currency exchange rates. - **Northern Europe:** Revenue down 16.0% YoY, due to decreased demand and currency exchange rates. - **APME:** Revenue down 11.0% YoY, affected by the disposition of the Korea business and currency exchange rates. **Trends & Uncertainties:** - **Economic Conditions:** Challenging environment in Europe and North America, with cautious hiring approaches by employers. - **Currency Exchange Rates:** Unfavorable impact on reported results due to a strengthening U.S. dollar. - **Restructuring Costs:** $15.8 million incurred in Q1 2025, impacting operating profit and margins. **Future Operations & Impact:** - **Liquidity:** Sufficient cash and credit facilities to cover near-term obligations. - **Debt:** €500.0 million and €400.0 million notes due in June 2026 and June 2027, respectively. - **Share Repurchases:** 0.4 million shares repurchased in Q1 2025 under the 2023 authorization. **Ticker:** MAN