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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.
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."
