secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000876883-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stagwell Q3 revenue up 15% YoY to $711M; adj. EPS $0.22; repurchase program raised by $125M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000028/0000876883-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000087688324000028/stgw-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000876883-24-000028

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