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![ManpowerGroup Inc. [MAN] reports annual net loss of $88.8 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMAN.png&w=1200&q=75)
ManpowerGroup Inc. [MAN] has reported a net loss of $88.8 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $18.9 billion
Based in MILWAUKEE, Wisconsin, ManpowerGroup Inc. operates in the SERVICES sector.
Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions 12 Months Ended Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2021
Income Statement [Abstract]
Revenues from services: In the 12 months ended December 31, 2023, revenues from services amounted to $18,914.5 million, a slight decrease from $19,827.5 million in the same period in 2022 and a more significant decrease from $20,724.4 million in 2021.
Cost of services: The cost of services for the same period were $15,556.5 million, down from $16,255.1 million in 2022 and $17,316.9 million in 2021.
Gross profit: The gross profit for the 12 months ended December 31, 2023, was $3,358.0 million, compared to $3,572.4 million in 2022 and $3,407.5 million in 2021.
Operating profit: The operating profit for the period was $255.8 million in 2023, a significant decrease from $581.7 million in 2022 and $585.4 million in 2021.
Provision for income taxes: The provision for income taxes in 2023 was $117.1 million, lower than $183.3 million in 2022 and $185.7 million in 2021.
Net earnings: The net earnings for the 12 months ended December 31, 2023, amounted to $88.8 million, a notable decline from $373.8 million in 2022 and $382.4 million in 2021.
Earnings per share: The earnings per share for basic and diluted amounts were $1.78 and $1.76, respectively, in 2023, compared to $7.17 and $7.08 in 2022, and $7.01 and $6.91 in 2021.
Weighted average shares: The weighted average shares for basic and diluted calculations were 49.8 and 50.4 million in 2023, 52.2 and 52.8 million in 2022, and 54.5 and 55.4 million in 2021.