INTERPUBLIC


Associated tags: Momentum, MRM, IPG, UM, Octagon, FCB, The Interpublic Group of Companies, NYSE

Locations: MCCANN

Interpublic Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024

In the first quarter of 2024, operating income was $184.2 million compared to $188.3 million in 2023.

Key Points: 
  • In the first quarter of 2024, operating income was $184.2 million compared to $188.3 million in 2023.
  • First quarter 2024 margin of adjusted EBITA before restructuring charges was 9.4% on revenue before billable expenses.
  • In the first quarter of 2024, the income tax provision was $47.3 million on income before income taxes of $160.6 million.
  • Depreciation and amortization expense decreased by 2.0% during the first quarter of 2024 compared to the same period in 2023.

IPG’s Commonwealth//McCann Recognized as GM Supplier of Year

Retrieved on: 
Wednesday, April 17, 2024

In total, 86 suppliers were recognized this year, and this is the fifth time Commonwealth//McCann has won the distinguished award (2018, 2019, 2020, 2022, 2023).

Key Points: 
  • In total, 86 suppliers were recognized this year, and this is the fifth time Commonwealth//McCann has won the distinguished award (2018, 2019, 2020, 2022, 2023).
  • “We’re honored to partner with these top suppliers who have made notable contributions to our transformation.
  • Together, we’re pushing boundaries, pioneering new technologies and redefining what’s possible,” said Jeff Morrison, Vice President, Global Purchasing and Supply Chain.
  • By emphasizing these values, GPSC fosters a robust, diverse, collaborative partnership ecosystem that drives mutual success for GM and its suppliers.

Interpublic Schedules First Quarter 2024 Earnings Release

Retrieved on: 
Monday, April 8, 2024

New York, NY, April 08, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that it will release earnings for the first quarter ended March 31, 2024 on the morning of April 24, 2024.

Key Points: 
  • New York, NY, April 08, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that it will release earnings for the first quarter ended March 31, 2024 on the morning of April 24, 2024.
  • Following the release, the company will hold a conference call for investors at 8:30 a.m. Eastern Time on the same day to review results.
  • The conference call will be recorded and available for 30 days by calling (888) 325-4187 followed by the passcode 1008.
  • The call will also be archived and available in the investor relations section of the company’s website.

Kristen Cavallo Retires from Ad Industry

Retrieved on: 
Monday, March 18, 2024

Cavallo announced that her next move will include applying her deep and varied communications experience to political and societal causes.

Key Points: 
  • Cavallo announced that her next move will include applying her deep and varied communications experience to political and societal causes.
  • Prior to her role at MullenLowe, Cavallo spent six years as CEO of The Martin Agency.
  • After a 30-year career in the industry, Cavallo looks forward to applying her expertise to political and societal causes she cares about.
  • Kristen is also an intrepid global explorer who ties her personal experiences and world view to our work.

IPG Tops the 2024 Ad Age 'A-List'

Retrieved on: 
Monday, March 11, 2024

New York, NY, March 11, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that five of its agencies were honored at the Ad Age A-List & Creativity Awards — the trade publication's coveted ranking of agencies, companies and innovators and their efforts to move the advertising industry forward, with IPG companies winning more honors than any other agency group. Recognized as top-performers in the industry, IPG Health, IPG Mediabrands, The Martin Agency, UM and The Weber Shandwick Collective were honored for their innovative and market-moving work across the advertising, media, PR and healthcare sectors.

Key Points: 
  • Recognized as top-performers in the industry, IPG Health, IPG Mediabrands, The Martin Agency, UM and The Weber Shandwick Collective were honored for their innovative and market-moving work across the advertising, media, PR and healthcare sectors.
  • 5 position on Ad Age’s 2024 Agency A-List, marking its second consecutive year on the esteemed list.
  • Since the introduction of this category last year, IPG Health remains the sole healthcare network to receive this prestigious accolade.
  • Additionally, under the leadership of Eileen Kiernan, IPG Mediabrands stood out as Ad Age's 2024 U.S. Network of the Year.

IPG Publishes Ninth Annual ESG Report

Retrieved on: 
Wednesday, March 6, 2024

New York, NY, March 06, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced the release of its ninth annual ESG report. The report covers the company’s five strategic priorities: diversity, equity and inclusion, human capital, climate action, responsible media and content, and data ethics and privacy. This is IPG’s third report to combine various reporting frameworks into one comprehensive disclosure, including GRI Standards, SASB Standards, TCFD recommendations, UN Global Compact and UN Sustainable Development Goals. This is also the third year that IPG engaged an external third party to provide limited assurance on certain greenhouse gas (GHG) and employee diversity metrics.

Key Points: 
  • Report Utilizes Multiple Frameworks Including GRI, SASB and TCFD
    New York, NY, March 06, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced the release of its ninth annual ESG report.
  • The report covers the company’s five strategic priorities: diversity, equity and inclusion, human capital, climate action, responsible media and content, and data ethics and privacy.
  • You can view and download IPG’s 2023 ESG Report here , including the Report of Independent Accountants which covers certain metrics for the year ended or as of December 31, 2022.
  • Among the highlights in this year’s ESG Report, IPG notes achievement of its near-term science-based target to reduce Scopes 1 and 2 emissions by 50%, ahead of the company’s 2030 goal, and significant progress toward its goal to reduce Scope 3 emissions by 30%.

IPG Forges First-to-Market Partnership with Adobe to Revolutionize Content Creation for Brands and Marketers

Retrieved on: 
Thursday, February 29, 2024

New York, NY, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) announced a global partnership with Adobe to power content creation and activation across the company’s operations. IPG is the first company to integrate Adobe GenStudio – which enables brands to speed up content ideation, creation, production and activation through generative AI – into its own marketing technology platform.

Key Points: 
  • IPG is the first company to integrate Adobe GenStudio – which enables brands to speed up content ideation, creation, production and activation through generative AI – into its own marketing technology platform.
  • Adobe GenStudio powers the content supply chain within the IPG engine, harnessing the combined capabilities of Adobe Workfront, Adobe Experience Manager, Adobe Express, Adobe Firefly, Adobe’s family of creative generative AI models, and Frame.io.
  • Within the IPG engine, IPG deploys proprietary Acxiom data and identity products to create a more accurate picture of consumers and more authentic connections with brands.
  • The IPG engine also leverages investments that marketers are already making in marketing technology and media to integrate customer intelligence across the content engagement landscape.

Interpublic Group to Present at the 2024 Morgan Stanley Technology, Media & Telecom Conference

Retrieved on: 
Wednesday, February 28, 2024

New York, NY, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) senior management will present at the 2024 Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5th, 2024, at 6:35 pm Eastern time/3:35 pm Pacific Time, as scheduled.

Key Points: 
  • New York, NY, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) senior management will present at the 2024 Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5th, 2024, at 6:35 pm Eastern time/3:35 pm Pacific Time, as scheduled.
  • A link to the live webcast will be posted on the day of the conference on the Investor Relations section of Interpublic's website ( http://investors.interpublic.com ) where it will remain available for replay for 30 days.

Huge Names Chidi Achara New Chief Product Officer

Retrieved on: 
Thursday, February 22, 2024

In her first major action as CEO, Lisa De Bonis revealed that Chidi Achara will join Huge as Chief Product Officer, and Matt Weiss will be appointed Chief Brand Officer.

Key Points: 
  • In her first major action as CEO, Lisa De Bonis revealed that Chidi Achara will join Huge as Chief Product Officer, and Matt Weiss will be appointed Chief Brand Officer.
  • “With Chidi and Matt on our team, I believe we can now accelerate delivering unique and innovative solutions for our clients.”
    Achara brings a depth of product experience to Huge.
  • As Chief Product Officer, Achara’s mission is to scale collaboration across product innovation, design and engineering, and integrate AI technologies to accelerate growth for clients.
  • “Huge has built a business that’s proven to be as innovative as it is durable in an ever-changing market,” said Achara.

Interpublic Increases Common Stock Dividend for Twelfth Consecutive Year and Announces New Share Repurchase Program

Retrieved on: 
Thursday, February 8, 2024

The increase in the dividend from $0.31 to $0.33 per share represents a six percent increase to the Company’s quarterly dividend.

Key Points: 
  • The increase in the dividend from $0.31 to $0.33 per share represents a six percent increase to the Company’s quarterly dividend.
  • Additionally, the company's Board of Directors authorized a new program to repurchase, from time to time, up to $320 million of IPG common stock.
  • The authorization under the new program is in addition to any amounts remaining for repurchase under the program announced in 2023.
  • The share repurchase program has no expiration date.