Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|------------------------------------------|-----------|-------|--------|--------|------------------------------ ...

Have you evaluated the performance of Interpublic Group's (IPG) international operations for the quarter ending September 2024? Given the extensive global presence of this marketing and advertising company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth jou ...

IPG Photonics (IPGP) is scheduled to release third-quarter 2024 results on Oct. 29.IPGP expects third-quarter 2024 non-GAAP earnings between break-even and 30 cents per share. Revenues are anticipated between $210 million and $240 million.The Zacks Consensus Estimate for third-quarter earnings is pegged at 19 cents per share, unchanged over the past 30 days, indicating an 83.62% year-over-year decline. The consensus estimate has been unchanged over the past 30 days.The Zacks Consensus Estimate for revenues ...

Revenue Performance - Total revenue including billable expenses was $2.63 billion in Q3 2024, compared to $2.68 billion in Q3 2023[1][3] - Revenue before billable expenses ("net revenue") was $2.24 billion in Q3 2024, a reported decrease of 2.9% from Q3 2023[1][3] - Total revenue for Q3 2024 decreased by 1.9% to $2,628.8 million compared to $2,678.5 million in Q3 2023[22] - Revenue before billable expenses for Q3 2024 was $2,242.7 million, a decrease from $2,309.0 million in Q3 2023[33] - Total revenue for the nine months ended September 30, 2024, decreased by 0.4% to $7,834.7 million compared to $7,866.0 million in the same period in 2023[24] - Revenue before billable expenses for the nine months ended September 30, 2024, was $6,752.7 million, down from $6,814.4 million in the same period in 2023[33] Profitability Metrics - Adjusted EBITA was $385.8 million in Q3 2024, with a margin of 17.2% on revenue before billable expenses[1][5] - Adjusted EBITA for Q3 2024 was $385.3 million, with an Adjusted EBITA margin of 17.2% on revenue before billable expenses[33] - Adjusted EBITA before restructuring charges for Q3 2024 was $385.8 million, slightly higher than $397.2 million in Q3 2023[33] - Adjusted EBITA for the nine months ended September 30, 2024, was $928.8 million, with a margin of 13.8% on revenue before billable expenses[33] - Adjusted EBITA before restructuring charges for the nine months ended September 30, 2024, was $930.2 million, slightly lower than $938.2 million in the same period in 2023[33] - Operating Income and Adjusted EBITA before Restructuring Charges reported at $875.8 million, with adjustments leading to an Adjusted EBITA of $938.2 million[38] Net Income and Earnings Per Share - Net income available to IPG common stockholders was $20.1 million in Q3 2024, resulting in earnings of $0.05 per diluted share[7] - Net income available to IPG common stockholders for Q3 2024 was $20.1 million, a significant drop from $243.7 million in Q3 2023[22] - Net income available to IPG common stockholders for Q3 2024 was $20.1 million, compared to $243.7 million in Q3 2023[33] - Net income available to IPG common stockholders for the nine months ended September 30, 2024, was $345.0 million, down from $635.2 million in the same period in 2023[24] - Net income available to IPG common stockholders for the nine months ended September 30, 2024, was $345.0 million, compared to $635.2 million in the same period in 2023[33] - Earnings per share (diluted) for Q3 2024 was $0.05, a significant decrease from $0.63 in Q3 2023[22] - Weighted-average number of common shares outstanding - diluted for Q3 2024 was 378.7 million, with diluted earnings per share of $1.66[31] - Earnings per Share Available to IPG Common Stockholders - Basic and Diluted were $1.65 and $1.64 respectively, adjusted to $1.82 and $1.81[39] Expenses and Costs - Staff cost ratio decreased to 65.3% in Q3 2024 from 66.3% in Q3 2023, with total salaries and related expenses at $1.46 billion[12] - Office and other direct expenses increased to 14.6% of revenue before billable expenses in Q3 2024, up from 13.8% in Q3 2023[13] - Salaries and related expenses for Q3 2024 increased by 4.4% to $1,464.0 million compared to $1,531.1 million in Q3 2023[22] - Selling, general, and administrative expenses for Q3 2024 increased by 23.1% to $20.8 million from $16.9 million in Q3 2023[22] - Total (Expenses) and Other Income amounted to $(91.7) million, adjusted to $(71.3) million[38] - Amortization of Acquired Intangibles was $(63.1) million[38] Impairment and Restructuring - Non-cash goodwill impairment expense of $232.1 million related to digital specialist agencies and the sale process for R/GA and Huge[1][2] - Impairment of goodwill for Q3 2024 was $232.1 million, compared to no impairment in Q3 2023[22] - Impairment of goodwill for Q3 2024 was $232.1 million, significantly impacting net income[33] Cash and Share Repurchases - Cash and cash equivalents totaled $1.53 billion at September 30, 2024, compared to $2.39 billion at December 31, 2023[17] - The Company repurchased 7.3 million shares of its common stock at an aggregate cost of $230.1 million during the first nine months of 2024[18] Other Financial Metrics - Organic revenue growth over the first nine months of 2024 was 1.0%[1][4] - Operating income for Q3 2024 declined by 64.7% to $132.9 million from $376.8 million in Q3 2023[22] - Operating income for the nine months ended September 30, 2024, decreased by 27.5% to $635.3 million from $875.8 million in the same period in 2023[24] - Income Before Income Taxes was $784.1 million, adjusted to $866.9 million[38] - Provision for Income Taxes was $135.9 million, adjusted to $152.3 million[38] - Equity in Net Loss of Unconsolidated Affiliates was $(1.7) million[38] - Net Income Attributable to Non-controlling Interests was $(11.3) million[38]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-6686 THEINTERPUBLIC GROUP OF COMPANIES, INC. (Exact name of registrant as specified in its charter) Delaware 13-1024020 (State or other jurisdiction of incorporation or o ...

The Interpublic Group of Companies, Inc. (IPG) has reported third-quarter 2024 results, with earnings meeting the Zacks Consensus Estimate but revenues missing the same.See Zacks Earnings Calendar to stay ahead of market-making news.IPG’s adjusted earnings (excluding 65 cents from non-recurring items) of 70 cents per share met the Zacks Consensus Estimate and was flat with the year-ago quarter. Revenues before billable expenses (net revenues) of $2.2 billion missed the consensus estimate by 2.3% and decline ...

The Interpublic Group of Companies, Inc. (NYSE:IPG) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Jerry Leshne - SVP, IR Philippe Krakowsky - CEO Ellen Johnson - CFO Conference Call Participants Adrien de Saint Hilaire - Bank of America David Karnovsky - J.P. Morgan Chase Tim Nollen - Macquarie Research Steven Cahall - Wells Fargo Michael Nathanson - MoffettNathanson Craig Huber - Huber Research Operator Good morning and welcome to the Interpublic Group Third Quarter 2024 ...

For the quarter ended September 2024, Interpublic Group (IPG) reported revenue of $2.24 billion, down 2.9% over the same period last year. EPS came in at $0.70, compared to $0.70 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.3 billion, representing a surprise of -2.34%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Interpublic Group (IPG) came out with quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this marketing and advertising company would post earnings of $0.61 per share when it actually produced earnings of $0.61, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Interpublic, ...

THIRD QUARTER 2024 EARNINGS CONFERENCE CALL Interpublic Group October 22, 2024 Overview — Third Quarter 2024 • Total revenue including billable expenses was $2.6 billion ◦ Organic change of revenue before billable expenses ("net revenue") was flat ◦ US and International organic net revenue were unchanged • R/GA and Huge classified as held-for-sale • Net income as reported was $20.1 million, which included non-cash goodwill impairment charge of $232.1 million related to Digital Specialist agencies • Adjusted ...