ManpowerGroup Q2 2024 10-Q Filed

TL;DR

MAN Q2 10-Q is in. Financials for Americas, Southern Europe, Italy, Staffing segments detailed.

AI Summary

ManpowerGroup Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance across various segments, including Americas, Southern Europe, and other product/service offerings. Specific segment data, such as for the Italy Subsegment and Staffing and Interim operations, is provided for the periods ending June 30, 2023, and June 30, 2024.

Why It Matters

This filing provides investors with a detailed look at ManpowerGroup's financial health and operational performance in the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 47,447,886 — Shares Outstanding (Indicates the total number of shares available for trading as of September 30, 2022.)

Key Players & Entities

• ManpowerGroup Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240802 (date) — Filing date
• Americas (company) — Operating segment
• Southern Europe (company) — Operating segment
• Italy (company) — Subsegment within Southern Europe

FAQ

Filing Documents

• man-20240630.htm (10-Q) — 3149KB
• man-ex31_1.htm (EX-31.1) — 13KB
• man-ex31_2.htm (EX-31.2) — 13KB
• man-ex32_1.htm (EX-32.1) — 6KB
• man-ex32_2.htm (EX-32.2) — 6KB
• 0000950170-24-090022.txt ( ) — 14153KB
• man-20240630.xsd (EX-101.SCH) — 1410KB
• man-20240630_htm.xml (XML) — 3693KB

Financial Statements (unaudited)

Financial Statements (unaudited) Consolidated Balance Sheets 3 - 4 Consolidated Statements of Operations 5 Consolidated Statements of Comprehensive Income 5 Consolidated Statements of Cash Flows 6 Consolidated Statements of Shareholders' Equity 7

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 8 - 21 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 - 38 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 4

Controls and Procedures

Controls and Procedures 38 PART II OTHER INFORMATION Item 1A

Risk Factors

Risk Factors 39 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5 Other Information 39 Item 6 Exhibits 40

- FINANC IAL INFORMATION

PART I - FINANC IAL INFORMATION

– Financial St atements (unaudited)

Item 1 – Financial St atements (unaudited) ManpowerGroup Inc. Consolidated Balance Sheets (Unaudited) (in millions) ASSETS June 30, 2024 December 31, 2023 Cash and cash equivalents $ 468.9 $ 581.3 Accounts receivable, less allowance for expected credit losses of $ 94.2 and $ 99.2 , respectively 4,595.7 4,830.0 Prepaid expenses and other assets 168.7 160.8 Total current assets 5,233.3 5,572.1 Other Assets: Goodwill 1,573.2 1,586.8 Intangible assets, less accumulated amortization of $ 519.2 and $ 507.2 , respectively 499.8 519.6 Operating lease right-of-use assets 381.5 414.0 Other assets 643.7 607.8 Total other assets 3,098.2 3,128.2 Property and Equipment: Land, buildings, leasehold improvements and equipment 513.7 526.5 Less: accumulated depreciation and amortization 391.6 396.6 Net property and equipment 122.1 129.9 Total assets $ 8,453.6 $ 8,830.2 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 3 ManpowerGroup Inc. Conso lidated Balance Sheets (Unaudited) (in millions, except share and per share data) LIABILITIES AND SHAREHOLDERS' EQUITY June 30, 2024 December 31, 2023 Current Liabilities: Accounts payable 2,589.5 2,723.0 Employee compensation payable 221.3 243.1 Accrued liabilities 572.2 693.0 Accrued payroll taxes and insurance 656.8 695.8 Value added taxes payable 401.4 432.7 Short-term borrowings and current maturities of long-term debt 136.8 12.1 Total current liabilities 4,578.0 4,799.7 Other Liabilities: Long-term debt 961.7 990.5 Long-term operating lease liability 294.8 323.2 Other long-term liabilities 473.2 482.7 Total other liabilities 1,729.7 1,796.4 Shareholders' Equity: ManpowerGroup shareholders' equity Preferred stock, $ .01 par value, authorized 25,000,000 shares, none issued — — Common stock, $

View Full Filing

View this 10-Q filing on SEC EDGAR