ManpowerGroup shares fall after CEO transition and earnings report

ManpowerGroup shares closed at $41.49 on Friday, down 5.2% from the previous close, following continued investor reaction to the company’s third-quarter 2026 financial results and leadership changes. The workforce solutions provider reported third-quarter revenue of $4.8 billion, up 4% as reported and 5% in constant currency, with adjusted earnings of $1.01 per share.

The company’s board elected President and Chief Strategy Officer Becky Frankiewicz as chief executive, effective January 1, 2027. She will succeed Jonas Prising, who has served as CEO since 2014 and will transition to the role of executive chair. Prising noted that the Manpower brand continued to gain market share in the United States, posting a ninth consecutive quarter of growth.

Chief Financial Officer Jack McGinnis guided fourth-quarter constant-currency revenue to a gain of 3% to 7%, with a midpoint estimate of 5%. The company expects adjusted earnings of $1.03 to $1.13 per share for the quarter, assuming a neutral currency environment and excluding restructuring and global transformation program costs.

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