Group 1 - Interpublic Group (IPG) will present at the Barclays Communications and Content Symposium on February 25, 2025, at 9:50 am Eastern Time [1] - A live webcast of the presentation will be available on Interpublic's Investor Relations website and will remain accessible for 30 days [1] Group 2 - Interpublic is a values-based, data-fueled, and creatively-driven provider of marketing solutions with total revenue of $10.7 billion in 2024 [2] - The company is home to several well-known global brands, including Acxiom, McCann, and Weber Shandwick [2]

Financial Performance - Total revenue for Q4 2024 was $2.86 billion, a decrease of 5.9% compared to Q4 2023, while full year revenue was $10.69 billion, down 1.8% year-over-year[10]. - Net income for Q4 2024 was $344.5 million, resulting in diluted earnings per share of $0.92, while full year net income was $689.5 million, with diluted earnings per share of $1.83[10][13]. - Total revenue for 2024 was $10.7 billion, a decrease of 5.5% compared to 2023[34]. - Operating income decreased by 18.8% to $1,203.2 million in 2024 from $1,482.6 million in 2023[46]. - Net income attributable to IPG common stockholders was $689.5 million, down from $1,098.4 million in the previous year, representing a decline of 37.1%[46]. - Basic earnings per share decreased to $1.84 in 2024 from $2.86 in 2023, a decline of 35.7%[46]. - Adjusted EBITA for Q4 2024 was $591.2 million, with a margin of 24.3% on net revenue, and for the full year, adjusted EBITA was $1.52 billion, maintaining a margin of 16.6%[5][13]. - Adjusted EBITA for the twelve months ended December 31, 2024, was $1,517.1 million, a decrease of 3.2% from $1,566.6 million in 2023[53]. Expenses and Costs - The staff cost ratio decreased to 58.7% in Q4 2024 from 59.4% in Q4 2023, with total salaries and related expenses decreasing by 6.9%[17]. - Total operating expenses for Q4 2024 were $2.2891 billion, a decrease of 5.3% from $2.4165 billion in Q4 2023[45]. - Total operating expenses for 2024 were $9,488.5 million, an increase of 0.9% from $9,406.7 million in 2023[46]. - The company experienced a 6.0% increase in cost of services, totaling $2.188 billion in Q4 2024[45]. Taxation - The effective tax rate for the full year 2024 was 31.8%, compared to 20.7% for the same period in 2023, influenced by prior year tax settlements[27]. - The effective tax rate for 2024 was 31.8%, compared to 25.2% in 2023, indicating an increase in tax burden[50]. - The company reported a provision for income taxes of $125.7 million in Q4 2024, down from $155.3 million in Q4 2023[45]. Shareholder Returns - The company declared a cash dividend of $0.330 per share in Q4 2024, totaling $122.8 million for the quarter and $496.5 million for the full year[30]. - The company declared dividends of $1.320 per common share in 2024, up from $1.240 in 2023, reflecting a 6.5% increase[46]. - The company repurchased 7.3 million shares at an aggregate cost of $230.1 million during the full year 2024[29]. Business Transformation and Forecast - A business transformation program is expected to generate approximately $250 million in savings for calendar 2025, net of reinvestment[4][6]. - The company forecasts an organic revenue decrease of 1% to 2% for the full year 2025 due to client losses and media trading environment changes[3]. Goodwill and Impairment - Goodwill impairment of $232.1 million was recorded in 2024, impacting the overall financial results[22]. - Impairment of goodwill was recorded at $232.1 million in 2024, compared to $0.0 million in 2023, indicating a significant unfavorable variance[46]. Cash and Debt - Cash and cash equivalents at the end of 2024 totaled $2.19 billion, down from $2.39 billion at the end of 2023, while total debt decreased to $2.96 billion[28]. Mergers and Acquisitions - The company entered into a merger agreement with Omnicom Group Inc. on December 8, 2024[37].

FOURTH QUARTER & FULL YEAR 2024 EARNINGS CONFERENCE CALL | | | | Three Months Ended December 31, | | | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | Revenue Before Billable Expenses | $ | 2,434.9 | $ | 2,586.2 | | Billable Expenses | | 422.1 | | 437.1 | | Total Revenue | | 2,857.0 | | 3,023.3 | | Salaries and Related Expenses | | 1,430.4 | | 1,536.9 | | Office and Other Direct Expenses | | 335.5 | | 352.9 | | Billable Expenses | | 422.1 | | 437.1 | | Cost of Services | | 2,188.0 | | 2,326.9 | | Sell ...

The Interpublic Group of Companies, Inc. (NYSE:IPG) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants Jerry Leshne - Senior Vice President of Investor Relations Philippe Krakowsky - Chief Executive Officer Ellen Johnson - Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Michael Nathanson - MoffettNathanson Julien Roch - Barclays Jason Bazinet - Citi Cameron McVeigh - Morgan Stanley Craig Huber - Huber Research Partners Operator Good morning, an ...

The Interpublic Group of Companies, Inc. (IPG) has reported lower-than-expected fourth-quarter 2024 results.See Zacks Earnings Calendar to stay ahead of market-making news.IPG’s adjusted earnings of $1.11 per share missed the Zacks Consensus Estimate by 3.5% and decreased 5.9% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2.4 billion missed the consensus estimate by 2.9% and declined 19.5% year over year. Total revenues of $2.9 billion fell 5.3% year over year and outpaced ...

Interpublic Group (IPG) came out with quarterly earnings of $1.11 per share, missing the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.48%. A quarter ago, it was expected that this marketing and advertising company would post earnings of $0.70 per share when it actually produced earnings of $0.70, delivering no surprise.Over the last four quar ...

Core Insights - IPG Photonics reported earnings of 18 cents per share for Q4 2024, missing the Zacks Consensus Estimate by 10% and showing a significant year-over-year decline of 79.8% from 89 cents per share in the same quarter last year [1] - Revenue for the quarter was $234.3 million, down 21.6% year-over-year, but exceeded the consensus estimate by 3.3% [2] - The decline in revenue was primarily due to lower sales in materials processing and medical applications, although this was partially offset by growth in advanced applications [2] Revenue Breakdown - Emerging growth product revenues accounted for 48% of total revenues, increasing 3% sequentially due to higher sales in advanced applications [3] - Materials processing, which constitutes 85% of total revenues, fell 23.4% year-over-year, mainly due to decreased sales in welding and cutting applications [4] - Revenues from other applications decreased by 6% year-over-year, driven by lower medical application revenues, but were partially offset by increased sales in advanced applications [4] Regional Performance - Sales in North America dropped by 31%, while China saw a 22% decline; in contrast, Europe experienced a 22% increase and Japan reported a 15% year-over-year growth [4] Financial Metrics - The gross margin for IPG Photonics was 38.6%, an increase of 40 basis points from the prior year, attributed to reduced product costs and lower tariffs and shipping costs [5] - As of December 31, 2024, the company had $0.93 billion in cash and cash equivalents, down from $1.02 billion as of September 30, 2024 [6] - Cash flow from operations for Q4 2024 was $74 million, up from $66 million in the previous quarter [6] Future Guidance - For Q1 2025, IPG Photonics expects sales to be between $210 million and $240 million, with earnings projected between 5 cents and 35 cents per share [7] Market Position - IPG Photonics currently holds a Zacks Rank of 5 (Strong Sell), indicating a challenging market position compared to better-ranked stocks in the sector [8]

New York, NY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that the company’s Board of Directors has declared a quarterly dividend on IPG common stock of $0.33 per share, payable on March 17, 2025, to holders of record at the close of business on March 3, 2025. Additionally, the company's Board of Directors authorized a new program to repurchase, from time to time, up to $155 million of IPG common stock. The authorization under the new program is in addition to any amounts ...

New York, NY, Feb. 12, 2025 (GLOBE NEWSWIRE) -- FOURTH QUARTER Total revenue, including billable expenses, was $2.9 billion Revenue before billable expenses ("net revenue") was $2.4 billion, with organic decrease of -1.8% Reported net income was $344.5 million Adjusted EBITA before restructuring charges and deal costs was $591.2 million with margin of 24.3% on revenue before billable expenses Diluted earnings per share of $0.92 as reported and $1.11 as adjusted FULL YEAR Total revenue, including billable e ...

IPG Photonics (IPGP) has reported earnings of 18 cents per share in the fourth quarter of 2024, lagging the Zacks Consensus Estimate by 10.0%. The company had registered earnings of 89 cents per share in the year-ago quarter, a steep year-over-year decline of 79.8%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $234.3 million declined 21.6% on a year-over-year basis but beat the consensus mark by 3.3%. Foreign exchange fluctuations negatively impacted revenue growth by ap ...