Milwaukee-based ManpowerGroup today reported second quarter net earnings of $109.8 million, or $1.35 per share, up from $68.2 million, or 87 cents per share, in the second quarter of 2013.
Revenues for the quarter were $5.3 billion, up 5.6 percent from $5 billion in the same period a year ago.
The company attributed the increase partially to a $20 million second quarter 2013 restructuring charge, mostly due to office consolidations and severance costs. In addition, favorable foreign currencies contributed 3 cents per share.
The “Other Southern Europe” operating unit profit was up 379.2 percent year-over-year. Right Management, the workforce consulting arm, was up 72.3 percent from the second quarter of 2013.
“In the second quarter, we saw our revenue growth improve in a number of major operations, including the U.S., U.K. and Italy,” said Jonas Prising, chief executive officer of ManpowerGroup. “This, combined with our continued focus on efficiency and productivity, has resulted in good operational leverage and healthy earnings growth.”
