 Michael Roth |
Interpublic today reported 3.4 percent growth in Q4 revenues to $2.3B and flat net income of $317M.
Organic revenues advanced 3.3 percent with 3.7 percent growth in the US and 2.9 percent overseas.
CEO Michael Roth said the financial performance was a “testament to the talent and dedication of our people around the world and the work we do to help clients win the marketplace.”
IPG’s constituency management group, which includes Weber Shandwick, DeVries Global, Current Marketing and Golin, rebounded to grow 2.7 percent to $409M during the quarter. For the full-year, it was down 2.8 percent to $1.5B.
Weber Shandwick CEO Andy Polansky said the PR component of CMG was “slightly down” on both an organic and reported basis from “single-digit growth” of a year ago.
Current Marketing was a “stand-out performer," while DeVries posted “solid growth,” according to Polansky.
Weber Shandwick and Golin are well-positioned for growth this year. “We’re getting positive vibes as clients are becoming more positive about the outlook for 2018," said Polansky.
IPG bolstered its dividend 17 percent to 21 cents per-share and reauthorized the repurchase of an additional $300M in stock, moves that Roth said reflected the firm’s “continuing operating success” and confidence in the future.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
