Manpower reports 2Q increase in profits

Special to The Freeman

July 21, 2014

MILWAUKEE — ManpowerGroup Inc. said Monday its earnings increased 61 percent, which the company attributed to strong growth in the U.S. and parts of Europe, in addition to its efforts to reduce costs.

Milwaukee-based Manpower, a temporary staffing and recruitment company, said its net income was $109.8 million, or $1.35 a share, up from $68.2 million, or 87 cents, a year earlier. The company’s revenue rose 5.6 percent to $5.3 billion.

"In the second quarter, we saw our revenue growth improve in a number of major operations including the U.S., U.K. and Italy. This combined with our continued focus on efficiency and productivity, has resulted in good operational leverage and healthy earnings growth,” said ManpowerGroup CEO Jonas Prising.

Manpower is anticipating its third quarter earnings per share to be between $1.46 and $1.54, according to the company.