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Milwaukee's Manpower reports 50% increase in quarter earnings

by
Manpower Inc. logo
Manpower Inc. logo

MILWAUKEE, WI (WTAQ) - Milwaukee's Manpower Group reports a 50-percent increase in its quarterly earnings, compared to a year ago. 

The international job placement firm had a net income of almost $95-million from July-through-September.  That's up from $63-million at the same time a year ago.  Earnings jumped from 79-cents per share to $1.18. 

The increase came in spite of a large number of restructuring charges. 

Manpower spent just over $8-million to close a number of offices, lay off workers, and make other cost-cutting decisions.  When those charges are not counted, the quarterly earnings would have been eight-cents-a-share higher. 

CEO Jeff Joerres said Manpower's European operations had slow but steady improvement during the last quarter. 

In his words, "Our team across the world remains positive, and all of our brands are well-positioned as we enter the fourth quarter."

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