Argus on Manpower Inc. (MAN): 'The current dividend yield of 3.9% is attractive and safe, in our view'

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ManpowerGroup Reports 1st Quarter 2024 Results

April 18, 2024 7:30 AM EDT

Revenues of $4.4 billion (-7% as reported, -5% constant currency)Continuation of challenging environment in North America and Europe during the quarter, solid demand in Latin America and Asia-Pacific regionGross profit margin of 17.3% as reported, 17.5% as adjusted. Staffing margins remained strong; permanent recruitment trends were stable at lower levelsGood management of SG&A (-6% as reported, -5% constant currency... More