ManpowerGroup Posts 11 Percent Q3 Revenue Drop

October 22, 2012 – ManpowerGroup/(NYSE:MAN) has posted revenues of $5.17 billion for the third quarter ended September 30, 2012, a decrease of 11 percent from revenues of $5.78 billion, a year earlier. The Milwaukee-based company attributed the loss to weakness in Europe and the U.S. During the quarter, the company recorded net earnings of $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, last year. ManpowerGroup chairman and CEO Jeffrey A. Joerres said: “Clearly, the economic environment continues to be challenging as we experienced a revenue decline of four percent in constant currency. However, the ManpowerGroup team did an extraordinary job of aggressively selling our value to our clients which resulted in stabilizing our gross margin.”