-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ru4Z6Xzz3+6snJ2Uo1IfHXXhJndxYM9/J7mySE6jpZR7St0JTCxoA1K5pV1AUYBR 1begCQLvBIdnF9MFXLioKg== 0000892712-00-000072.txt : 20000420 0000892712-00-000072.hdr.sgml : 20000420 ACCESSION NUMBER: 0000892712-00-000072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20000418 ITEM INFORMATION: FILED AS OF DATE: 20000419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANPOWER INC /WI/ CENTRAL INDEX KEY: 0000871763 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 391672779 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10686 FILM NUMBER: 604325 BUSINESS ADDRESS: STREET 1: 5301 N IRONWOOD RD CITY: MILWAUKEE STATE: WI ZIP: 53217 BUSINESS PHONE: 4149611000 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 18, 2000 MANPOWER INC. (Exact name of registrant as specified in its charter) Wisconsin 1-10686 39-1672779 (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Identification No.) 5301 North Ironwood Road Milwaukee, Wisconsin 53217 (Address of principal executive offices) Registrant's telephone number, including area code: (414) 961-1000 Item 5. Other Events. On April 18, 2000, Manpower Inc. is making available certain operating unit results for the three month periods ended March 31, 2000 and March 31, 1999 and certain restated operating unit results for each quarter in the years ended December 31, 1999 and December 31, 1998. The operating unit results for each of the quarters in the years ended December 31, 1999 and December 31, 1998 have been restated to reflect reclassification of certain countries between certain segments due to changes in management responsibility for those countries. Item 7. Exhibits. Exhibit No. Description 99.1 Operating Unit Results 99.2 Restated Operating Unit Results SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MANPOWER INC. Date: April 18, 2000 /s/ Michael J. Van Handel --------------------------- Michael J. Van Handel Senior Vice President - Chief Financial Officer, Treasurer and Secretary EXHIBIT INDEX Exhibit No. Description 99.1 Operating Unit Results 99.2 Restated Operating Unit Results EX-99.1 2 Manpower Inc. Operating Unit Results (In millions) 3 Months Ended March 31 ------------------ 2000 1999 ------------------ Revenues from services: United States (a) $ 563.9 $ 515.8 France 913.6 828.0 United Kingdom 365.0 272.8 Other Europe 459.5 361.0 Other Countries 266.3 197.6 -------- -------- $2,568.3 $2,175.2 ======== ======== Operating Unit Profit: United States $ 15.4 $ 13.3 France 20.8 13.4 United Kingdom 8.0 6.9 Other Europe 14.7 10.1 Other Countries 3.7 2.4 -------- -------- 62.6 46.1 Other corporate expenses 12.1 9.3 -------- -------- Operating profit 50.5 36.8 Interest and other expense (b) 10.8 4.8 -------- -------- Earnings before taxes $ 39.7 $ 32.0 ======== ======== Footnotes: (a) Total systemwide sales in the United States, which includes sales of Company-owned branches and franchises were $922.1 and $850.4 for the three months ended March 31, 2000 and 1999, respectively. (b) The components of interest and other expense (income) were: Interest expense $ 7.9 $ 3.9 Interest income (2.0) (2.2) Translation loss (gain) 1.1 1.0 Loss on sale of accounts receivable 3.2 2.3 Other 0.6 (0.2) -------- --------- $ 10.8 $ 4.8 ======== ========= EX-99.2 3 Manpower Inc. Restated Operating Unit Results (In Millions) First Second Third Fourth Year Ended December 31, 1999 Quarter Quarter Quarter Quarter Total Revenues from services: United States $ 515.8 $ 560.1 $ 583.5 $ 591.1 $2,250.5 France 828.0 893.3 1,045.2 1,008.6 3,775.1 United Kingdom 272.8 264.7 306.1 326.7 1,170.3 Other Europe 361.0 397.1 438.2 469.2 1,665.5 Other Countries 197.6 212.4 233.8 264.9 908.7 ------------------------------------------------ $2,175.2 $2,327.6 $2,606.8 $2,660.5 $9,770.1 ================================================ Operating Unit Profit: United States $ 13.3 $ 21.0 $ 22.5 $ 23.5 $ 80.3 France 13.4 21.3 33.6 32.6 100.9 United Kingdom 6.9 7.5 13.1 12.7 40.2 Other Europe 10.1 15.3 20.3 22.3 68.0 Other Countries 2.4 1.2 3.7 3.3 10.6 ------------------------------------------------ 46.1 66.3 93.2 94.4 300.0 Non-recurring expenses - 28.0 - - 28.0 Corporate expenses 7.7 9.2 8.6 9.0 34.5 Amortization of intangibles 1.6 1.7 1.8 1.8 6.9 ------------------------------------------------ Operating profit 36.8 27.4 82.8 83.6 230.6 Interest and other expense 4.8 5.0 7.1 7.9 24.8 ------------------------------------------------ Earnings before taxes $ 32.0 $ 22.4 $ 75.7 $ 75.7 $ 205.8 ================================================ First Second Third Fourth Year Ended December 31, 1998 Quarter Quarter Quarter Quarter Total Revenues from services: United States $ 499.1 $ 538.5 $ 558.5 $ 556.7 $2,152.8 France 721.4 900.7 1,030.5 986.9 3,639.5 United Kingdom 248.2 254.5 286.3 299.2 1,088.2 Other Europe 261.7 296.1 345.8 382.7 1,286.3 Other Countries 142.5 146.3 156.7 202.0 647.5 ------------------------------------------------ $1,872.9 $2,136.1 $2,377.8 $2,427.5 $8,814.3 ================================================ Operating Unit Profit: United States $ 15.3 $ 20.3 $ 20.8 $ 21.6 $ 78.0 France 12.1 18.2 24.2 22.5 77.0 United Kingdom 7.4 5.6 14.1 15.2 42.3 Other Europe 7.0 8.0 19.5 18.4 52.9 Other Countries 6.0 4.5 2.5 3.3 16.3 ------------------------------------------------ 47.8 56.6 81.1 81.0 266.5 Write-down of capitalized software - - - 92.1 92.1 Corporate expenses 9.8 10.5 9.0 9.3 38.6 Amortization of intangibles 1.2 1.2 1.4 1.6 5.4 ------------------------------------------------ Operating profit 36.8 44.9 70.7 (22.0) 130.4 Interest and other expense 3.2 4.3 4.2 4.9 16.6 ------------------------------------------------ Earnings before taxes $ 33.6 $ 40.6 $ 66.5 $ (26.9) $ 113.8 ================================================ -----END PRIVACY-ENHANCED MESSAGE-----