ManpowerGroup plunges on weak Q4 forecast and Q3 revenue miss, names new CEO
MAN•ManpowerGroup shares fell more than 20% to $41.41 premarket after it forecast fourth-quarter adjusted EPS of $1.03 to $1.13 and reported third-quarter revenue of $4.84 billion, below estimates. The company named Becky Frankiewicz CEO, effective Jan. 1, 2027.
1. Forecast and results
ManpowerGroup forecast fourth-quarter EPS of $1.03 to $1.13, with the midpoint below the $1.10 estimate. Third-quarter revenue of $4.84 billion missed the $4.86 billion estimate, while adjusted profit per share of $1.01 was in line with estimates.
2. CEO succession
The company named current president and chief strategy officer Becky Frankiewicz CEO, effective Jan. 1, 2027. She will succeed Jonas Prising, who has been CEO since 2014 and will become executive chair.
