ManpowerGroup Inc. (NYSE:MAN) Q2 2023 Earnings Conference Call July 20, 2023 8:30 AM ET

Company Participants

Jonas Prising - Chairman & Chief Executive Officer

Jack McGinnis - Chief Financial Officer

Conference Call Participants

Mark Marcon - Baird

George Tong - Goldman Sachs

Josh Chan - UBS

Jeff Silber - BMO Capital Markets

Tobey Sommer - Truist Securities

Kartik Mehta - Northcoast Research

Stephanie Moore - Jefferies

Stephanie Yee - JPMorgan

Operator

Welcome to ManpowerGroup's Second Quarter Earnings Results Conference Call. [Operator Instructions] 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 ManpowerGroup's Chairman and CEO, Jonas Prising. Sir, you may begin.

Jonas Prising

Welcome to the second quarter conference call for 2023. Our Chief Financial Officer, Jack McGinnis, is with me today. For your convenience, we have included our prepared remarks within the Investor Relations section of our website at manpowergroup.com.

I will start by going through some of the highlights of the quarter, then Jack will go through the second quarter results and guidance for the third quarter of 2023. I will then share some concluding thoughts before we start our Q&A session.

And Jack will now cover the Safe Harbor language.

Jack McGinnis

Good morning, everyone. This conference call includes forward-looking statements, including statements concerning economic and geopolitical uncertainty which are subject to known and unknown risks and uncertainties. These statements are based on management's current expectations or beliefs. Actual results might differ materially from those projected in the forward-looking statements. We assume no obligation to update or revise any forward-looking statements.

Slide 2 of our earnings release presentation further identifies forward-looking statements made in this call and factors that may cause our actual results to differ materially and information regarding reconciliation of non-GAAP measures.

Jonas Prising

Thanks, Jack. I'm just back from trips through Europe which included VivaTech, one of the world's largest technology and start-up events in Paris, where we were a key partner for the seventh year, showcasing our innovation and workforce expertise in our New Human Age lab.

The advancement of Generative AI and the impact on skills and jobs was a hot topic. Our panel roles and media interviews led me to reflect that we first discussed the impact of automation on jobs almost ten years ago at the World Economic Forum. And our data and experience tell us then as now that human capital augmented by tech is what will accelerate progress - companies that automate and digitize the most see the biggest productivity improvements and create the most jobs. And the biggest challenge won't be the elimination of jobs; it will be the need for new workforce skillsets at a speed and scale never seen before.