earnings
confidence high
sentiment positive
materiality 0.70
Stagwell Q3 revenue up 15% YoY to $711M; adj. EPS $0.22; repurchase program raised by $125M
Stagwell Inc
- Q3 revenue $711M (+15% YoY), net revenue $580M (+8%), organic net revenue +8%.
- Q3 net income $3M ($0.03 EPS) vs $1M a year ago; adjusted EPS $0.22 vs $0.18.
- Q3 adjusted EBITDA $111M (+9% YoY), margin 19% on net revenue.
- Reaffirmed FY2024 guidance: organic net revenue growth 5-7%, adj. EBITDA $400-450M, FCF conversion ~50%.
- Board authorized $125M increase in stock repurchase program.