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Stagwell (STGW) - 2023 Q4 - Annual Report
2024-03-11 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13718 Stagwell Inc. (Exact name of registrant as specified in its charter) Delaware 86-1390679 (State or other ju ...
Stagwell (STGW) - 2023 Q4 - Earnings Call Transcript
2024-02-27 19:23
Stagwell Inc. (NASDAQ:STGW) Q4 2023 Earnings Conference Call February 27, 2024 8:30 AM ET Company Participants Ben Allanson - IR Mark Penn - Chairman and CEO Frank Lanuto - CFO Conference Call Participants Ben Allanson Good morning from Stagwell's Global Headquarters at One World Trade Center in New York City. And welcome to Stagwell Inc's Earnings Webcast for Q4 and Full Year 2023. My name is Ben Allanson, and I lead the Investor Relations function here at Stagwell. With me today are Mark Penn, Stagwell's ...
Stagwell (STGW) - 2023 Q4 - Annual Results
2024-02-27 12:22
FOR IMMEDIATE ISSUE STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2023 Expects 2024 Organic Net Revenue Growth of 5% to 7%; Adjusted EBITDA of $400 million to $450 million; Free Cash Flow Conversion of ~50% Net Revenue Growth of 31% from Stagwell Marketing Cloud Group in FY23 Growth of 13% in International Net Revenue in FY23, Led by 17% Growth in EMEA $65 million of net new business in Q4; LTM net new business exceeds $270 million FY Revenue of $2,527 milli ...
Stagwell (STGW) - 2023 Q1 - Earnings Call Presentation
2023-11-06 05:44
STAGWELL TRANSFORMING MARKETING FORWARD LOOKING STATEMENTS & OTHER INFORMATION This document contains forward-looking statements. within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company's representatives may also make forward-looking statements orally or in writing from time to time. Statements in this document that are not historical facts, including, statements a ...
Stagwell (STGW) - 2023 Q3 - Earnings Call Transcript
2023-11-06 05:28
Stagwell Inc. (NASDAQ:STGW) Q3 2023 Results Earnings Conference Call November 6, 2023 8:30 AM ET Company Participants Ben Allanson - Director, Investor Relations Mark Penn - Chairman and Chief Executive Officer Frank Lanuto - Chief Financial Officer Conference Call Participants Ben Allanson Good morning from Stagwell's offices in Miami, Florida. And welcome to Stagwell Inc's Earnings Webcast for Q3 2023. My name is Ben Allanson and I lead the Investor Relations function here at Stagwell. With me today are M ...
Stagwell (STGW) - 2023 Q3 - Quarterly Report
2023-11-02 16:07
Table of Contents 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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13718 Stagwell Inc. (Exact name of registrant as specified in its charter) Delaware 86 ...
Stagwell (STGW) - 2023 Q2 - Quarterly Report
2023-08-08 17:56
Table of Contents 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 June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13718 Stagwell Inc. (Exact name of registrant as specified in its charter) Delaware 86-1390 ...
Stagwell (STGW) - 2023 Q2 - Earnings Call Transcript
2023-08-08 16:20
Stagwell Inc. (NASDAQ:STGW) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Ben Allanson - Investor Relations Mark Penn - Chairman and Chief Executive Officer Frank Lanuto - Chief Financial Officer Conference Call Participants Ben Allanson Good morning from Stagwell's global headquarters at One World Trade Center in New York City and welcome to Stagwell Inc's Earnings Webcast for Q2 2023. My name is Ben Allanson and I lead the Investor Relations function here at Stagwell. Wit ...
Stagwell (STGW) - 2023 Q1 - Earnings Call Transcript
2023-05-14 07:08
Financial Data and Key Metrics Changes - The company reported Q1 revenue of $622 million, a decline of 3% year-over-year, while net revenue, excluding pass-through costs, decreased by 0.9% to $522 million [80] - Adjusted EBITDA for the quarter was $72 million, which was in line with internal expectations, but net income attributable to common shareholders fell to $443,000 from $12.7 million in the prior year [55][28] - Earnings per share were negative $0.01, while adjusted EPS was positive $0.13 for the quarter [55] Business Line Data and Key Metrics Changes - Digital Transformation organic net revenue declined by 9%, primarily due to a cyclical decline in the Advocacy business, with a 3% decline when excluding Advocacy [52] - Consumer Insights & Strategy saw a 1% growth in organic net revenue, following a strong 56% growth in the prior year [53] - Performance Media & Data experienced a 5% growth in organic net revenue, driven by strong performance from Ink and Assembly businesses [81] Market Data and Key Metrics Changes - The tech industry, which constitutes 18% of net revenue, grew only 3% in Q1, a significant slowdown compared to the 32% growth in 2022 [45] - The finance and banking sector, making up about 6% of the business, declined by 3% in the quarter, although exposure to recent banking issues was limited [74] Company Strategy and Development Direction - The company plans to invest up to $20 million in Cloud development this year, focusing on building media studio products and enhancing capabilities [48] - A strategic combination of digital, creative, and media is being emphasized through the Brand Performance Network to disrupt competitors [8] - The company is committed to deploying AI tools across all agencies to enhance efficiency and drive growth [9] Management's Comments on Operating Environment and Future Outlook - Management views the decline in Digital Transformation as a temporary blip, expecting significant growth as clients adapt to new technologies [59][87] - The company reaffirms its full-year guidance for organic net revenue growth of 7.5% to 10% and adjusted EBITDA of $450 million to $490 million [57] - There is optimism regarding new business wins and industry recognition, which are expected to drive growth in the latter half of the year [43] Other Important Information - The company announced a share repurchase of over 23 million shares, reducing the number of shares outstanding by 8% to about 267 million [2] - Deferred acquisition consideration obligations increased slightly to $166 million but decreased year-over-year by 26% [16] - The company expanded its revolving credit agreement, raising the credit limit to $640 million from $500 million, providing additional borrowing capacity [17] Q&A Session Summary Question: How will generative AI impact your business moving forward? - The company is exploring various applications of generative AI across its network, believing it will be a key differentiator [20] Question: What does your net new business look like since the last reported figure? - The company reported $53 million in Q1 and an additional $40 million in new business wins in April, indicating strong client growth [62] Question: Can you explain the Cloud-related investments in the quarter? - The company is focusing on creating experiences that clients enjoy and will monetize, with plans to break out Cloud finances in the next quarter [25] Question: Why didn't you provide more specific guidance for the March quarter? - Management noted the high comparison to Q1 of the previous year and emphasized a more normal structure for the year as tech companies recover [100] Question: Can you discuss the share repurchase approach? - The share repurchase will not change the overall share increase, and management's holdings remain unchanged [101] Question: What areas are you most optimistic and cautious about in the near term? - Digital Transformation showed a slowdown but is expected to grow as clients seek generative AI solutions [96]
Stagwell (STGW) - 2023 Q1 - Quarterly Report
2023-05-09 16:52
Table of Contents 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 March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-13718 Stagwell Inc. (Exact name of registrant as specified in its charter) Delaware 86-139 ...