Interpublic Group of Cos. (IPG) Tops Q4 EPS by 1c

Interpublic Group of Cos. (NYSE: IPG) reported Q4 EPS of $1.02, $0.01 better than the analyst estimate of $1.01. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $2.52 billion.

• “We expect organic net revenue growth for 2023 of 2% to 4%, on top of our very strong multi-year performance, and to further expand our adjusted EBITA margin to 16.7% for the full year. Strategically, we’ll continue to build on IPG’s evolution to a higher value solutions provider. Our strong balance sheet and commitment to financial flexibility remain key priorities. The actions announced by our Board today, to increase our dividend and the additional authorization on the share repurchase program, speak to confidence in the strategic trajectory of our company. Our strong operating performance and financial foundation, coupled with the talent of our people and dedication to client success, will be fundamental to enhance value for all of our stakeholders.”

For earnings history and earnings-related data on Interpublic Group of Cos. (IPG) click here.

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