MILWAUKEE - ManpowerGroup had a decline in
earnings and revenue for the third quarter, which were strongly
affected by the stronger U.S. dollar, according to Wednesday’s
According to the Milwaukee-based company, its
earnings per diluted share remained the same for the third
quarter of 2015 as they were for the same quarter of 2014 -
$1.61. The company’s net earnings in the quarter were $123.9
million compared to $130.5 million a year earlier. Revenues for
the third quarter were $5 billion, a decrease of 8 percent from
the year earlier period, according to the report.
ManpowerGroup said the financial results for the
third quarter were “significantly impacted by the stronger U.S.
dollar relative to several foreign currencies compared to the
prior year period.”
If a constant currency were used, ManpowerGroup
said its revenues would have increased 6 percent and net
earnings per diluted share would have increased 16 percent.
“Our team executed well in the third quarter,
delivering good results despite an increasingly uneven global
growth scenario. In this environment of volatile economic growth
our clients are seeking to build more agile, flexible
organizations to better adapt to any market changes affecting
demand for their products and services, and this is where our
global workforce solutions can play an important role,” said
Jonas Prising, ManpowerGroup CEO, in a statement.