Interpublic Group of Companies, which owns a handful of global PR agencies, including Golin and Weber Shandwick, on Wednesday reported third quarter earnings.
The marketing and advertising holding company said that third quarter revenue was $1.87 billion, compared to $1.84 billion in the third quarter of 2014.
This was comprised of an organic increase of 7.1 percent in the U.S. and 7.1% internationally. Operating income in the third quarter was $191.9 million, compared to $171.3 million in 2014.
Revenue for the first nine months of 2015 was $5.4 billion, an increase of 1.6% compared with the first nine months of 2014.
“We’re focused on the needs of clients, rather than silos,” said Michael Roth, Chairman-CEO of Interpublic, during a conference call. “We’re looking at the client first, and if we don’t have the resources in-house we will outsource. It shows we’re putting clients first. We have to be in a world where collaboration works.”
The company's Constiutency Management Group, which includes PR agencies, saw organic growth of 3.7 percent in the third quarter. Organic growth was 2.5 percent at CMG for the first nine months of the year.
Andy Polanksy, CEO of Weber Shandwick, said there was double-digit organic growth specifically for the PR firms housed in Interpublic's CMG unit. “We continue to build our creative and digital capabilities," he said. In addition to Weber Shandwick and Golin, the CMG unit includes PR shop DeVries Global and several PR specialty firms.
Regarding Weber Shandwick, Polansky said the New York-based agency has generated double-digit organic growth for seven of the last eight business quarters, adding that the agency had particularly strong performances from its healthcare, corporate reputation, consumer marketing and public affairs practices.
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