ManpowerGroup (NYSE: MAN) reported Q1 2025 financial results with revenues of $4.1 billion, representing a 7% decrease year-over-year (-5% constant currency, -2% organic CC). The company posted net earnings of $0.12 per diluted share, down from $0.81 in the prior year, with total net earnings of $5.6 million compared to $39.7 million.
The quarter was marked by regional performance variations, with strong growth in Latin America and Asia Pacific, while Europe and North America faced challenging conditions. The gross profit margin stood at 17.1%, reflecting solid staffing margins but weaker permanent recruitment. The company implemented restructuring actions and repurchased $25 million in common stock.
Q1 results were impacted by restructuring costs and higher income tax charges due to French legislation changes, reducing earnings per share by $0.32. Excluding these charges, EPS was $0.44. The company projects Q2 2025 earnings between $0.65-$0.75 per share, including a 3-cent favorable currency impact.