Interpublic Group of Companies Inc.NYSE
Yesterday, 1:51 PM
- The Wall Street Journal reports the department is looking at unspecified advertising agencies over business that is alleged to have been improperly directed through a manipulated bidding process for commercials production, an estimated $5B business within the United States.
- Lower on the development – Omnicom Group (OMC -2.8%), Interpublic Group (IPG -3.6%), WPP (WPPGY -0.7%), Publicis Groupe (OTCQX:PUBGY -0.8%)
Tue, Nov. 29, 1:33 PM
Thu, Nov. 17, 8:03 PM
- Speaking at the Morgan Stanley TMT conference, Interpublic Group (NYSE:IPG) chief Michael Roth forecast a 12% operating margin for the full year.
- Shares rose 4.1% today, hanging just a few percent below their 52-week high from June.
- Roth noted there was still "opportunity in terms of margin expansion," and that the company is comfortable expanding margins in a 3% organic growth environment.
- The company expects to see some revenues deferred from its first half results showing up in the fourth quarter.
Fri, Oct. 21, 12:43 PM
- Interpublic Group (NYSE:IPG) is 2.5% lower coming out of Q3 earnings where it beat on top and bottom lines and upgraded its organic revenue growth targets for the year.
- Revenues grew nearly 3% to $1.92B; Organic revenue rose 4.3% (1.8% in U.S., 8.1% internationally). That tracks with revenue gains for the first nine months (up 3% to $5.58B; organic revenue increasing 4.8%).
- Operating income rose to $207.2M from a year-ago $191.9M. Operating margin was 10.8%, up from the prior year's 10.3%. Operating expenses rose 2.5%.
- "Going forward, the overall tone of business remains solid and, in light of the strength of our offerings and our organic revenue performance through nine months, we believe it's appropriate to raise our full-year organic growth target to a range of 4-5%," says CEO Michael Roth. "We also feel that we remain well-positioned to achieve 2016 operating margin expansion of 50 basis points or more."
- Press Release
Fri, Oct. 21, 9:05 AM
Thu, Oct. 20, 5:30 PM
Tue, Aug. 30, 7:02 AM
Thu, Jul. 21, 11:53 AM
- Interpublic Group (NYSE:IPG) has tumbled from near 52-week highs, -6.2%, after revenues fell short of analyst expectations in Q2 results thanks in large part to currency effects.
- Revenue grew 2.2% on a headline basis and 3.7% on an organic basis. Organic revenue grew 4.6% in the U.S. and 2.3% internationally.
- Profits including adjustments for below-the-line items met expectations. Operating income was $224.8M, up from a year-ago $215.8M. Operating margin was 11.7% (up 20 basis points).
- "Despite increased macro uncertainty, the tone of the business remains sound," says CEO Michael Roth. "We therefore continue to believe that we will deliver at the high end of our original 3% to 4% organic growth target for the full year, as well as expand operating margin by 50 basis points or better."
- Conference call link
- Press Release
Thu, Jul. 21, 7:26 AM
Wed, Jul. 20, 5:30 PM| Wed, Jul. 20, 5:30 PM | 13 Comments
Thu, Jun. 2, 1:47 PM
- Ad agencies are getting rebates from media companies based on spending a certain amount on behalf of marketing clients, an eight-month trade-group investigation is showing.
- That practice is widespread in the sample it looked at, the WSJ reports that the Association of National Advertisers found. The report is due for full release soon, and may cast doubts on ad industry transparency (and raise fears among marketers that agencies don't have their best interests at heart, a trust that has been fraying in recent years).
- Accepting rebates is common elsewhere, in Europe and China, but historically not part of the ad business in America, and agencies have said publicly they don't accept rebates.
- Leading ad agencies: WPPGY, OMC, OTCQX:PUBGY, IPG, OTCPK:HAVSF
Fri, Apr. 22, 11:20 AM
- Interpublic Group (NYSE:IPG) is up 1.1% today after revenue came in ahead of expectations in its Q1 report, with the help of the U.S. business.
- That's due in large part to currency effects from a strong dollar. Foreign exchange had a negative 3.1% impact on revenues overall; accounting for that and a 0.3% effect from net acquisitions, organic revenue grew 6.7%.
- Revenue by geo: United States, $1.09B (up 8.7%); International, $650.8M (down 3.2%).
- Operating expenses were up 3.2%; salaries and related expenses were $1.27B (up 4.6%).
- Conference call link
- Now read Elliott Management Still Pushing For A Sale At Interpublic »
Fri, Apr. 22, 7:11 AM
- Interpublic Group of Companies (NYSE:IPG): Q1 EPS of $0.00 in-line.
- Revenue of $1.74B (+3.6% Y/Y) beats by $30M.
Thu, Apr. 21, 5:30 PM
Mon, Feb. 22, 7:21 PM
- Among the parade of 13-Fs, Elliott Management has disclosed that it's trimmed its stake in Interpublic Group (NYSE:IPG) to an equivalent of 4.8%.
- That includes 3.8% of IPG's stock (with voting rights) and derivative deals that amount to a 1% interest, and it's down from a 6.7% in mid-2014.
- The move also comes at the end of a yearlong standstill deal between Elliott and IPG, which means Elliott could now try to take control of the board. (The deadline for nominating directors was yesterday.)
- But what looked like an activist push two years ago quieted after a board shakeup that added three new members to replace two existing directors, as well as the formation of a finance committee.
Fri, Feb. 12, 11:20 AM
- Interpublic Group (IPG -0.3%) posted organic revenue growth of 5.2% in a fourth quarter where it beat profit and revenue expectations along with returning cash to shareholders.
- Headline revenues declined 0.5% to $2.2B, though organic revenues rose 4.1% internationally and 6.2% in the U.S. Operating income for Q4 was $456.4M, up 5.4%, and operating margin was 20.8%, up from a prior-year 19.6%.
- "From every perspective, 2015 was a very successful year," said CEO/Chairman Michael Roth. "We continue to convert growth to profit at a high level, which led to operating margin improvement of 100 basis points in 2015."
- The company bumped its quarterly dividend up 25% and added $300M to its repurchase authorization.
- It's forecasting organic revenue growth of 3-4% for 2016 as well as an increase in operating margin of 50 basis points or better.