ManpowerGroup reports strong 4Q, year

Milwaukee-based ManpowerGroup today reported fourth quarter net earnings of $101.2 million, or $1.25 per share, up from $53.3 million, or 68 cents, in the fourth quarter of 2012.

Revenue was $5.25 million, up slightly from $5.20 million a year ago.
For the full year, the global staffing firm reported net earnings of $288 million, or $3.62 per share, up from $197.6 million, or $2.47 per share, in 2012.

Revenue for 2013 was $20.2 billion, down from $20.6 billion in 2012.

“The fourth quarter was a good quarter with solid performances from many of our major geographies and business units,” said Jeff Joerres, chairman and chief executive officer. “Our team continues to execute very well which is contributing nicely to our cost recalibration efforts. We were able to achieve the upper end of our revenue targets as we are experiencing a slightly more positive environment, particularly in Europe. This said, while we are gaining increased confidence we remain guarded on revenue growth in the first quarter.”

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