Upgrading ManpowerGroup from strong sell to hold, due to better-than-expected 2Q25 results and signs of stabilization in some regions and brands. Strong growth in the US Manpower brand and resilient performance in Italy and Japan offset ongoing weakness in Northern Europe. Profitability and cost control exceeded expectations, but margin pressure persists due to Experis brand weakness and a negative mix shift.
Q2 results show stabilization but nowhere near enough momentum for a Buy; macro risks and regional weakness persist, especially in Northern Europe. Management's cost discipline is encouraging, but I remain on Hold until I see sustained growth in Experis and margin recovery in Europe. Valuation appears undemanding, but low multiples reflect justified market caution; stock may stay depressed if trends don't improve.
ManpowerGroup Inc. (NYSE:MAN ) Q2 2025 Earnings Conference Call July 17, 2025 8:30 AM ET Company Participants R - Corporate Participant a - Corporate Participant h - Corporate Participant e - Corporate Participant John Thomas McGinnis - Executive VP, CFO & Head of Investor Relations Jonas Prising - Chairman & CEO Conference Call Participants Andrew Charles Grobler - BNP Paribas Exane, Research Division Andrew Charles Steinerman - JPMorgan Chase & Co, Research Division John Trevor Romeo - William Blair & Company L.L.C., Research Division Joshua K.
![]() MPW 1 month ago | Other | €0.62 Per Share |
![]() MPW 7 months ago | Other | €1.32 Per Share |
![]() MPW 3 Jun 2024 | Other | €1.32 Per Share |
![]() MPW 30 Nov 2023 | Other | €1.26 Per Share |
![]() MPW 31 May 2023 | Other | €1.26 Per Share |
16 Oct 2025 (In 2 months) Date | | 0.81 Cons. EPS | - EPS |
15 Oct 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
17 Jul 2025 Date | | 0.69 Cons. EPS | - EPS |
16 Jul 2025 Date | | - Cons. EPS | - EPS |
16 Apr 2025 Date | | - Cons. EPS | - EPS |
![]() MPW 1 month ago | Other | €0.62 Per Share |
![]() MPW 7 months ago | Other | €1.32 Per Share |
![]() MPW 3 Jun 2024 | Other | €1.32 Per Share |
![]() MPW 30 Nov 2023 | Other | €1.26 Per Share |
![]() MPW 31 May 2023 | Other | €1.26 Per Share |
16 Oct 2025 (In 2 months) Date | | 0.81 Cons. EPS | - EPS |
15 Oct 2025 (In 2 months) Date | | - Cons. EPS | - EPS |
17 Jul 2025 Date | | 0.69 Cons. EPS | - EPS |
16 Jul 2025 Date | | - Cons. EPS | - EPS |
16 Apr 2025 Date | | - Cons. EPS | - EPS |
Staffing & Employment Services Industry | Industrials Sector | Jonas Prising CEO | XFRA Exchange | US56418H1005 ISIN |
US Country | 26,700 Employees | 2 Jun 2025 Last Dividend | - Last Split | 3 May 1988 IPO Date |
ManpowerGroup Inc. is a global leader in workforce solutions and services, with a comprehensive suite of offerings designed to assist businesses in sourcing, assessing, developing, and managing talent. Since its inception in 1948, the company has been at the forefront of the employment services industry, providing innovative solutions to meet the evolving needs of the workforce and workplaces worldwide. Headquartered in Milwaukee, Wisconsin, ManpowerGroup leverages its vast experience and expertise across various industries to offer specialized recruitment services under renowned brands such as Manpower and Experis.
ManpowerGroup offers comprehensive recruitment services tailored to fulfill the staffing needs of organizations. This includes permanent, temporary, and contract recruitment across a wide range of professional, administrative, and industrial positions under its notable brands Manpower and Experis. This service aims to connect businesses with the right talent efficiently and effectively.
The company provides a variety of assessment services designed to evaluate the skills, capabilities, and potential of candidates and current employees. These services are integral in ensuring the right individual is placed in the right role, thereby enhancing organizational performance.
ManpowerGroup's training and development offerings are geared towards enhancing the skills and knowledge of the workforce. These services support career growth and ensure employees are well-prepared to meet the challenges of today's dynamic work environments.
This service encompasses a range of solutions aimed at managing and developing talent within organizations. From career planning to succession planning, ManpowerGroup provides the tools and expertise necessary to foster a conducive environment for talent growth and retention.
ManpowerGroup offers outsourcing services related to various human resources functions, primarily focusing on large-scale recruiting and workforce-intensive initiatives. These services enable companies to streamline their HR processes, allowing them to concentrate on their core business activities.
The company delivers expert consulting services in workforce management, helping organizations devise strategies to optimize their staffing models and improve overall workforce efficiency.
ManpowerGroup provides flexible staffing solutions through contingent staffing services, as well as support for permanent recruitment. These services cater to the needs of businesses seeking adaptable and long-term staffing solutions.
Specialized professional resourcing and project-based services are offered to meet the specific requirements of projects or temporary needs of businesses, ensuring the right expertise is applied where and when it is needed.
ManpowerGroup's array of services extends to recruitment process outsourcing (RPO), TAPFIN managed services, and comprehensive talent solutions designed to address the complex challenges of managing a workforce in various operational and regulatory environments.