secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000876883-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stagwell reports FY23 net income $42M; guides FY24 adjusted EBITDA $400-450M
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- FY23 revenue $2,527M, net revenue $2,147M, net income $42M, adjusted EBITDA $360M.
- FY24 guidance: organic net revenue growth 5-7%, adjusted EBITDA $400-450M, adjusted EPS $0.75-0.88.
- Stagwell Marketing Cloud net revenue +31% YoY; international net revenue +13%, EMEA +17%.
- Q4 net new business $65M; LTM net new business exceeded $270M.
- Achieved $30M merger synergies ahead of schedule; sold ConcentricLife for significant gain reducing debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000003/0000876883-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000003/stgw-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000876883-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer