ManpowerGroup (MAN) risk factors, FY2024 10-K

Other

1. 01FORWARD-LOOKING STATEMENTS

Regulatory and Legal Risks

1. 02Other factors that may be disclosed below or from time to time in our SEC filings or otherwise
2. 03Our results of operations have been and may in the future be materially adversely affected by volatile, negative, or uncertain economic conditions, including the risk of recession
3. 04We may lack the speed, agility, and resiliency to effectively operate our business and respond to the needs of our clients
4. 05The worldwide employment services industry is highly competitive with limited barriers to entry in many markets, which could limit our ability to maintain or increase our market share or profitability
5. 06We have outsourced aspects of our business, which could result in disruption, increased costs, and reputational risk
6. 07Risks and uncertainties related to the development and use of AI could harm our business operations, reduce demand for our services, and raise legal or regulatory challenges
7. 08A loss or reduction in revenues from large client accounts could have a material adverse effect on our business
8. 09If we lose our key personnel, then our business may suffer
9. 10Intense competition may limit our ability to attract, train and retain the qualified personnel necessary for us to meet our clients’ staffing needs
10. 11Our global operations subject us to certain risks beyond our control
11. 12Our ability to attract and retain business and employees may depend on our reputation in the marketplace
12. 13Changes in sentiment toward the staffing industry could affect the marketplace for our services
13. 14We have only a limited ability to protect our thought leadership and other intellectual property, which is important to our success
14. 32Our performance on contracts may be materially adversely affected if we or third parties fail to deliver on commitments
15. 33Government regulations may result in prohibition or restriction of certain types of employment services or the imposition of additional licensing or tax requirements that may reduce our future earnings
16. 34increase taxes, such as sales or value-added taxes
17. 35Failure to comply with antibribery and corruption laws could materially adversely affect our business
18. 36We may be exposed to legal claims, including employment-related claims that could materially adversely affect our business, financial condition and results of operations
19. 37Our business exposes us to competition law risk
20. 38Wisconsin law and our articles of incorporation and bylaws contain provisions that could make the takeover of our company more difficult
21. 39requiring advance notice for shareholder proposals and director nominees

Strategic Risks

1. 15We may be unable to effectively implement our business strategy, and there can be no assurance that we will achieve our objectives
2. 16Our results of operations and ability to grow could be materially negatively affected if we cannot successfully keep pace with technological changes in the development and implementation of our services and solutions
3. 17Our business could be impacted in several ways by our corporate sustainability initiatives, including our goals for sustainability, diversity, and inclusion
4. 18Positions we take, or do not take, on politically sensitive social issues or other sustainability matters may be unpopular with certain existing or potential clients and employees, which may impact our ability to attract and retain those clients and employees
5. 19Our acquisition strategy may be unsuccessful and may introduce unexpected costs
6. 20acquisition transactions, and the integration of acquired entities, may result in a diversion of our management’s attention from other business concerns
7. 21From time to time, we undertake dispositions via sales, franchises, joint ventures or other exit activities, and we may face risks related to such transactions

Financial and Market Risks

1. 22Foreign currency fluctuations may have a material adverse effect on our operating results
2. 23Our liquidity could be adversely impacted by economic conditions affecting our clients
3. 24Our results of operations and share price could be materially adversely affected if we are unable to maintain effective internal controls
4. 25Our debt levels could materially adversely affect our operating flexibility and put us at a competitive disadvantage
5. 26Our failure to comply with restrictive covenants under our revolving credit facilities and other debt instruments could trigger prepayment obligations
6. 27The lenders under our and our subsidiaries’ credit facilities may be unwilling or unable to extend credit to us on acceptable terms or at all
7. 28The performance of our subsidiaries and their ability to distribute cash to our parent company may vary, negatively affecting our ability to service our debt at the parent company level or in other subsidiaries
8. 29Our inability to secure guarantees or letters of credit on acceptable terms may substantially increase our cost of doing business in various countries
9. 30We could be subject to changes in tax rates, adoption of new United States or international tax legislation or tax audits that could result in additional income tax liabilities
10. 31The price of our common stock may fluctuate significantly, which may result in losses for investors