Q2 2026 ManpowerGroup Inc Earnings Call Transcript
Key Points
- ManpowerGroup Inc (MAN) reported strong revenue growth, with revenues reaching $4.9 billion, representing a constant currency growth of 6%.
- The company achieved an adjusted EBITA margin of 2.1%, reflecting improving demand trends and operating leverage.
- Manpower brand delivered its fifth consecutive quarter of growth, with revenue up 8% in constant currency, driven by strong performance in key verticals such as manufacturing, automotive, aerospace, logistics, and retail.
- Experis, the technology resourcing and services business, showed improvement due to sustained demand for specialized capabilities in cloud migration, application development, data, and AI.
- The company is leveraging AI to enhance productivity and create commercial opportunities, with plans to scale AI-powered tools to 70% of revenues by year-end.
- The Experis brand experienced a decline of 2% in revenue, although this was an improvement from the previous quarter's decline.
- Talent Solutions brand was flat year over year, indicating challenges in achieving growth in this segment.
- Gross profit margin saw a reduction, primarily due to mix shifts and the sale of the higher-margin US Jefferson Wells business.
- The company faced restructuring and strategic transformation program charges, impacting financial results.
- Despite improvements, the Northern Europe segment's revenue growth was modest at 2%, indicating ongoing challenges in this region.
Welcome to the Manpower Group's second-quarter earnings results conference call. You'll be put into listen-only mode until the question-and-answer time begins. This call is being recorded. If you care to drop off now, please do so. I would now like to turn the call over to Manpower Group's Chair and CEO, Mr. Jonas Prising. Sir, you may begin.
Good morning and thank you for joining us for our second quarter 2026 conference call. Our Chief Financial Officer, Jack McGinnis; and our President and Chief Strategy Officer, Becky Frankiewicz, are both with me today. For your convenience, our prepared remarks are available in the investor relations section of our website at manpowergroup.com.
Iâll begin with a brief overview of the quarter, including how weâre seeing conditions evolve across our markets, and then Iâll share a few updates on our transformation as well as our longer-term objectives. Becky will then provide an update on client momentum and the opportunities weâre
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