IPG(US:IPG)2025-02-12 19:46Financial Performance - Q4 2024 - Total revenue including billable expenses for the fourth quarter was $2.9 billion[4] - Organic change of net revenue for the fourth quarter was -1.8%[4] - U S organic net revenue decreased by -3.2%[4] - International organic growth was +0.3%[4] - Net income for the fourth quarter was $344.5 million, with adjusted EBITA of $591.2 million before restructuring charges and deal costs, representing a 24.3% margin on revenue before billable expense[4] - Adjusted diluted EPS for the fourth quarter was $1.11[4] Financial Performance - Full Year 2024 - Total revenue including billable expenses for the full year was $10.7 billion[4] - Organic growth of net revenue for the full year was +0.2%[4] - U S organic net revenue was unchanged at 0.0%[4, 34] - International organic growth was +0.6%[4] - Net income for the full year was $689.5 million, with adjusted EBITA of $1,521.4 million before restructuring charges and deal costs, representing a 16.6% margin on revenue before billable expenses[4] - Adjusted diluted EPS for the full year was $2.77[4] - The company repurchased 7.3 million shares, returning $230.1 million to shareholders[4] Strategic Initiatives - IPG and Omnicom have entered into a merger agreement, expected to close in the second half of 2025[27] - The merger is expected to generate $750 million in annual cost synergies, with the majority achievable within 24 months of closing[28]