MILWAUKEE, WI, USA, - Manpower Inc. today reported that earnings per diluted share for the three months ended June 30, 2005 increased 25% to 70 cents from 56 cents in the prior year period. Net income in the quarter increased to $62.5 million from $53.1 million a year earlier. 
Revenues for the second quarter totaled $4.1 billion, an increase of 12 percent from the year-earlier period. Results for the second quarter were positively affected by relatively stronger foreign currencies compared to the prior year period. On a constant currency basis, earnings per diluted share for the quarter were 68 cents on an 8 percent improvement in revenues. Jeffrey A. Joerres, Manpower Chairman and Chief Executive Officer, said,
Manpowerís team across the world aggressively executed our initiatives yielding strong results. Our focus on growth in specialty areas is enabling us to expand our offering and enhance profitability. Jefferson Wells, our finance and accounting group, continues to show solid growth in both Sarbanes-Oxley and non-Sarbanes work, which is a balance that we have been striving toward. We are experiencing steady trends in the commercial staffing area throughout most of the world. These trends, and the ability of our team to continue to operate more efficiently, add to our confidence for the balance of the year.
We are anticipating the third quarter of 2005 diluted earnings per share to be in the range of 81 to 85 cents. Based upon current exchange rates, any currency impact is not expected to be significant, Joerres stated. Earnings per diluted share for the six months ended June 30, 2005 were $1.03, an increase of 4% from 99 cents per diluted share in 2004. Net income was $94.7 million compared to $92.7 million the prior year. Revenues for the six-month period were $7.8 billion, an increase of 12 percent from the prior year. On a constant currency basis, earnings per diluted share for the six-month period were $1.00 on a 9 percent improvement in revenues.
Included in the prior year six-month period was a first quarter non-operating gain of $14.2 million ($10.2 million net of income taxes), or 11 cents per diluted share. In conjunction with its second quarter earnings release, Manpower will broadcast its conference call live over the Internet on July 19, 2005 at 8:00 a.m. CDT (9:00 a.m. EDT).
Interested parties are invited to listen to the webcast by logging on to link at foot of page
Supplemental financial information referenced in the conference call can be found at http://investor.manpower.com.
Manpower Reports 2nd Quarter and First Half 2005 Results
Manpower Inc. today reported that earnings per diluted share for the three months ended June 30, 2005 increased 25% to 70 cents from 56 cents in the prior year period
