ManpowerGroup Issues Positive Q2 Guidance Amid Strategic Cost Cuts

Apr 16, 2026 12:08 UTC

MAN

Short term

ManpowerGroup has projected second-quarter earnings between $0.91 and $1.01 per share. The workforce solutions provider also highlighted a long-term cost-saving initiative targeting $200 million by 2028.

Q2 EPS forecast: $0.91 - $1.01
Expected $0.05 favorable currency impact
43% effective tax rate applied to guidance
$200 million in permanent cost savings expected by 2028
Stock price rose 5.13% to $30.73

ManpowerGroup, Inc. (MAN) provided an optimistic outlook for the second quarter during its first-quarter financial reporting session on Thursday. The company expects earnings per share (EPS) to land within a range of $0.91 to $1.01. This guidance incorporates a 43% effective tax rate and anticipates a favorable currency impact of approximately 5 cents per share. The outlook comes as the company continues to navigate the evolving global labor market and optimize its operational efficiency. Beyond immediate quarterly projections, the firm is accelerating its global strategic transformation program. Management indicated that these efforts are now on track to generate $200 million in permanent cost savings by the year 2028, signaling a commitment to long-term margin improvement. Investors responded positively to the update and the cost-saving roadmap. ManpowerGroup shares closed the previous trading session at $30.73, marking a gain of $1.50, or 5.13%.