Milwaukee-based staffing and workforce development firm ManpowerGroup today reported fourth quarter net income of $117.2 million, or $1.47 per share, up from $101.2 million, or $1.25 per share, in the fourth quarter of 2013.
Operating income was $193.3 million, up from $167 million in the same period a year ago.
Revenue was $5.1 billion, down 2 percent from $5.3 billion in the fourth quarter last year.
Interest and other expenses were $11.3 million, up from $9.2 million in the fourth quarter of 2013. The increase was attributed to miscellaneous expenses.
The fourth quarter results were unfavorably impacted by 13 cents per share as a result of foreign currency transactions.
For the full year, ManpowerGroup reported net income of $427.6 million, or $5.30 per share, up from $288 million, or $3.62 per share, in 2013.
Operating income was $719.9 million in 2014, up from $511.9 million in the same period a year ago.
Revenue for the year was $20.8 billion, up 2.5 percent from $20.3 billion in 2013.
“We are pleased with our results in the 4th quarter, capping off a year of very good financial performance and margin expansion, continued progress on our strategic initiatives and leadership in workforce solutions,” said Jonas Prising, chief executive officer. “We enter into 2015 with a determination to drive profitable growth, while delivering on our long term ambitions and strategic objectives. We have the market opportunity, we have a strong plan and with our team of talented people across our great company, we will pursue our objectives with discipline, focus and passion for the business.
“We are anticipating diluted earnings per share in the first quarter of 2015 to be in the range of 73 to 81 cents which includes an estimated unfavorable currency impact of 15 cents.”
