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ManpowerGroup Reports Third Quarter 2015 Results

ManpowerGroup News Release (10/21/15)

ManpowerGroup reported revenue of $5 billion for the third quarter of 2015, down 8.2% (up 5.8% in constant currency) from $5.4 billion in the third quarter of 2014. Net earnings totaled $123.9 million, down 5.1% (up 9.5% in constant currency) from $130.5 million in the year-ago quarter. U.S. revenue in the 2015 third quarter totaled $769.6 million, down 3.9% (down 3.9% in constant currency) from $800.5 million in the 2014 third quarter, attributed primarily to softer demand in light industrial staffing, down 9% in the quarter. “Based on where we see the U.S. and, in particular, Europe, our view is that both of those regions could be seeing better growth in 2016 compared with 2015, notwithstanding some softness and choppiness in those economies,” said Jonas Prising, ManpowerGroup chief executive officer.