Interpublic's PR-heavy Constituency Management Group posted a 14.3% rise in third quarter revenue to $376.5M, including organic growth of 9.9%.
Overall, revenues at the marketing conglomerate increased 8.3% to $1.8B for the quarter as net income nearly doubled to $92.8M.
CEO Michael Roth is "pleased with the strong growth in revenue and profitability," which he said "reflects the competitiveness of our agencies and the high quality of our people and our offerings in all marketing disciplines around the world."
Interpublic's CMG unit includes firms like Weber Shandwick and Golin, in addition to Octagon, FutureBrand and Jack Morton, among others. Its advertising operation saw 6.8% grwoth to nearly $1.5B for the period with organic growth of 5.5%.
Weber Shandwick's Andy Polansky told O'Dwyer's that PR registered "double-digit" growth and once again "outperformed our holding company competition."
He credited a "resurgence in the technology group" and continued robust gains in consumer, corporate and healthcare. New York, Chicago and DC were especially robust.
IPG debt sits at $1.76B against $902.4M in cash/securities.
Across the board, US revenues rose 8.7% (7.9% organically) to top $1B for the quarter, while the UK soared 26.7% (12.2%) to $167.7M and Latin America pushed ahead 5.4% (8.2%) to $112.5M. Continental Europe fell 1.3% on an organic basis to $169.9M, while Asia-Pacific advanced 2.7% organically to $227.6M.
IPG has spent $148.1M through the first nine months of the year buying back shares.
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