IPG Q1 net revenue up 0.3%; organic +1.3% as reported EPS $0.29, adjusted $0.36

INTERPUBLIC GROUP OF COMPANIES, INC.

2024-Q1 EPS reported $0.29 revenue$2,495,900,000

Net revenue $2.18B; organic growth +1.3% (US +2.1%, International -0.5%).
Adjusted EBITA before restructuring $205.5M, margin 9.4%.
Full-year organic growth target 1-2% maintained; significant client decision may hinder reaching top end.
Adjusted EBITA margin target of 16.6% reaffirmed for full-year 2024.
Paid $0.33/share dividend; repurchased 1.9M shares for $62.4M in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTERPUBLIC GROUP OF COMPANIES, INC. reported the first quarter of 2024 results: revenue $2.50 billion, net income $110.4 million, EPS $0.29 per basic and diluted share. Guidance reaffirmed.

Period: the first quarter of 2024
Revenue: $2.50 billion
Net income: $110.4 million
EPS: $0.29 per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- FOR IMMEDIATE RELEASE New York, NY (April 24, 2024) Interpublic Announces First Quarter 2024 Results FIRST QUARTER • Total revenue, including billable expenses, was $2.50 billion • Revenue before billable expenses (“net revenue”) was $2.18 billion, an increase of 0.3% from a year ago, with organic increase of 1.3% • Net income was $110.4 million as

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Source: SEC EDGAR

accession 0000051644-24-000019

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