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Embattled MDC Partners, which is searching for a strategic partner and CEO, lost $18.2M during the third-quarter on flat revenues of $375M. It posted a $14.1M profit for the year ago period.
Organic Q3 revenue growth clocked in at 1.5 percent.
CFO David Doft sees better days ahead due to an expected $29M in cost-savings next year due to real estate consolidation and reduced headcount.
For the nine-month period, MDC posted a $48.3M loss compared to a $13M income in 2018. Revenues slipped 1.8 percent to $1.08B.
MDC’s stock is trading at $2.43. Shares ranged from to $2.28 to $11.90 during the past 52 weeks.
MDC owns KWT Global, Sloane & Co., Hunter PR and Luntz Global.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
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.
