MDC Partners (MDCA) Reports Q1 Loss of $0.21

MDC Partners (NASDAQ: MDCA) reported Q1 EPS of ($0.21), versus ($0.47) reported last year. Revenue for the quarter came in at $344.7 million, versus $309.04 million reported last year.

David Doft, Chief Financial Officer of MDC Partners, said, "The solid first quarter and our favorable business outlook positions us well to achieve our 2017 financial targets, including approximately 4% organic revenue growth and an improvement in Adjusted EBITDA margins of approximately 100 basis points on a full year basis. We expect the benefits of the profitability improvement initiatives we have been undertaking to become increasingly evident as we move through the year. Importantly, the completion of the previously-announced Convertible Preference Shares offering this past quarter, as well as the smoothed working capital trends we are seeing, strengthens our balance sheet and credit profile."

For earnings history and earnings-related data on MDC Partners (MDCA) click here.

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