 |
| Michael Roth |
Interpublic Group today reported a 5.4 percent rise to $2.5B in Q2 revenues and a 6.0 percent jump in operating income to $264.2M.
Organic growth (excluding results from the 2018 $2.3B Acxiom acquisition) advanced 3.0 percent.
CEO Michael Roth said IPG's "industry-leading organic growth is a tribute to the competitiveness of our offerings and strength of our talent."
IPG's media, global creative networks, PR and digital offerings sparked the Q2 performance, according to Roth, especially in the healthcare, financial services, consumer goods and retail sectors.
The McCann, FCB and MullenLowe integrated agency network group registered a robust 10.8 growth in Q2 revenues to $1.8B while organic growth advanced 3.2 percent.
The Weber Shandwick, DeVries Global, Rogers & Cowan, Jack Morton, Octagon, Current Global and Golin constituency management group lagged the ad network unit. CMG's revenues inched ahead by 0.3 percent to 320M in the quarter and rose 1.9 percent on an organic basis.
Andy Polansky, who was upped from Weber Shandwick CEO to CMG head on July 17, noted that Weber enjoyed a mid-single digital growth organically during the first half and had 19 units showing double-digit gains.
He said a major priority is to provide clients "best-in-class" capabilities through more collaboration among PR units such as Golin and Weber with PMK BNC (entertainment), Jack Morton (experiential marketing) and Octagon (events).
Roth expects IPG to achieve its three percent organic growth goal for the year and to deliver "significant shareholder value creation."
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."
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
