Short answer
ManpowerGroup Inc (MAN) filed its fiscal 2016 10-K annual report with the SEC on Feb 21, 2017. It reported revenue of $19.7B and net income of $444M.
- Top risk flagged: French competition authority investigation, opened in 2013, remains ongoing
FY2016 key financial metrics · XBRL
- Revenue
- $19.7B
- Net income
- $444M
- Operating margin
- 3.8%
- Gross margin
- 17.0%
- EPS (diluted)
- $6.27
- ROE
- 18.8%
- Operating cash flow
- $600M
Source: XBRL data from the ManpowerGroup Inc (MAN) FY2016 10-K on SEC EDGAR. USD.
ManpowerGroup Inc FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global workforce-solutions model: staffing, recruitment, consulting, outsourcing, training and career management across nearly 2,800 offices
- Experis delivered 63 million professional-talent hours in 2016, focused on IT, Engineering and Finance
- Strategic positioning: broader shift beyond staffing toward high-value workforce management, outsourcing and consulting solutions
- Large national and multinational clients generated approximately 57% of 2016 revenue
- Over 3 million people connected to employment opportunities and purpose during 2016
Management Discussion & Analysis
- Demand increased in 2016, supporting staffing services and operating leverage
- Working capital risk: approximately 52-day average DSO, with rising demand potentially reducing operating cash flow
- Counter-cyclical career management services helped offset staffing downturn exposure
- Key risk: economic contraction could reduce demand and deleverage selling and administrative expenses
Risk Factors
- French competition authority investigation, opened in 2013, remains ongoing
- European exposure: two segments and approximately 65% of revenue, vulnerable to Brexit and potential additional exits
- Third-party hosting and technology vendors, including data centers and workforce platforms, create service-transition vulnerabilities
- Adecco Group and Randstad Holding N.V., well-resourced competitors, intensify pricing and market-share pressure
- $825.4 million total debt, including variable-rate borrowings, limits operating flexibility and increases interest-rate sensitivity
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