MAN's operating expenses in Q4 2024 are not currently available. However, based on the information available, the company's financial performance in Q3 2024 provides some insights into its operating expenses trends.
- Q3 2024 Performance: In Q3 2024, ManpowerGroup Inc. reported a decrease in revenues to $4,530.2 million from $4,675.6 million in the same quarter the previous year1. The decrease in revenues was attributed to reduced demand for staffing services and permanent recruitment services amid economic uncertainty. The company's cost of services for the quarter was $3,748.1 million, representing 83% of sales, compared to 82% in the same quarter of the previous year1. This increase in cost ratio was due to mix shifts and lower volumes in staffing/interim businesses.
- Trends and Challenges: The company's gross profit for the quarter was $782.1 million, compared to $821.9 million in the previous year, with the decline attributed to reduced permanent recruitment business1. The operating profit for the quarter was $70.8 million, slightly up from $69.8 million in the previous year, due to a reduction in selling and administrative expenses1. The net interest and other expenses decreased to $11.6 million from $15.1 million, primarily due to a reduction in foreign currency translation losses1.
In conclusion, while specific Q4 2024 operating expenses data is not available, the trends and challenges faced by ManpowerGroup Inc. in Q3 2024 suggest that the company may have continued to manage expenses carefully in response to reduced demand and economic uncertainty. The slight increase in operating profit in Q3 2024, despite revenue declines, indicates that effective cost management may have been a key factor in maintaining profitability.
4/14/2025 10:19am
