NYSE$IPG
Interpublic Group of Companies Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
IPG reported a solid start to 2024, with Q1 performance consistent with targets, despite challenges in digital specialty agencies and the tech & telecom sector.
Interpublic Group's Q1 2024 results showed organic revenue growth of 1.3%, driven by strong performance in Europe, LatAm, and the U.S. Adjusted EBITA margin was 9.4%. The company expects full-year organic growth of 1% to 2% and an adjusted EBITA margin of 16.6%.
- Organic revenue before billable expenses grew by 1.3%, with strong growth in Europe, LatAm, and the U.S.
- Adjusted EBITA margin was 9.4%, in line with expectations for the smallest seasonal quarter.
- Diluted earnings per share was $0.29 as reported and $0.36 as adjusted.
- The company repurchased 1.9 million shares, returning $62 million to shareholders.
Headline financials
Revenue & EPS history
Interpublic Group · Revenue · Quarterly
$2.5B
Forward guidance
The company expects to achieve full-year organic growth of 1% to 2% and adjusted EBITA margin of 16.6%.
Tailwinds
- Expects full-year organic growth of 1% to 2%.
- Anticipates adjusted EBITA margin of 16.6% for the full year.
- Plans to stay committed to capital returns through dividends and share repurchases.
- Aims to augment offerings and asset mix with M&A, focusing on commerce and scaled digital transformation capabilities.
- Teams remain highly focused on delivering higher-order business solutions to clients.
Headwinds
- A recent decision by a significant ongoing client will likely make achieving the top end of the organic growth target more challenging.
- Under-performance of digital specialty agencies continues to be a drag on growth.
- Tech & telecom client sector remains a challenge, though same-client decreases have largely stabilized.
- Q1 results were impacted by elevated severance expense.
- International markets decreased 50 basis points organically, with mixed performance by region.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-0.8%
Avg return
30 days after
55%
37 / 67 earnings
Positive
+13.6%
Q4 2010
Best reaction
-18.9%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | -2.0% | -2.7% | — | |
| Q2 2025 | +6.9% | +8.5% | +10.4% | |
| Q1 2025 | +4.5% | +4.3% | +0.2% | |
| Q4 2024 | -1.4% | -0.4% | -2.7% | |
| Q3 2024 | -5.0% | -5.4% | -7.7% | |
| Q2 2024 | +1.1% | +5.0% | +8.3% | |
| Q1 2024 | +0.5% | +1.4% | +1.3% | |
| Q4 2023 | -4.5% | -1.6% | +0.0% | |
| Q3 2023 | -1.2% | -2.9% | +6.3% | |
| Q2 2023 | -14.0% | -13.5% | -14.8% | |
| Q1 2023 | -2.2% | -2.5% | +3.2% | |
| Q4 2022 | -2.7% | -1.5% | -11.5% | |
| Q3 2022 | +3.6% | +7.2% | +17.6% | |
| Q2 2022 | -1.5% | -4.1% | +0.8% | |
| Q1 2022 | -4.1% | -2.3% | -7.0% | |
| Q4 2021 | -11.4% | -8.0% | -16.4% | |
| Q3 2021 | -2.8% | — | — | |
| Q2 2021 | +9.1% | — | — | |
| Q1 2021 | +7.4% | — | — | |
| Q4 2020 | -6.9% | — | — | |
| Q3 2020 | +6.4% | — | — | |
| Q2 2020 | +0.0% | — | — | |
| Q1 2020 | +4.8% | — | — | |
| Q4 2019 | +7.8% | — | — | |
| Q3 2019 | +2.9% | — | — | |
| Q2 2019 | -0.0% | — | — | |
| Q1 2019 | +5.5% | — | — | |
| Q4 2018 | +6.3% | — | — | |
| Q3 2018 | +8.7% | — | — | |
| Q2 2018 | +1.9% | — | — | |
| Q1 2018 | -3.7% | — | — | |
| Q4 2017 | +12.8% | — | — | |
| Q3 2017 | -5.5% | — | — | |
| Q2 2017 | -16.2% | — | — | |
| Q1 2017 | -2.1% | — | — | |
| Q4 2016 | +6.3% | — | — | |
| Q3 2016 | +1.6% | — | — | |
| Q2 2016 | -4.5% | — | — | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | +3.7% | — | — | |
| Q2 2015 | +4.9% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +5.6% | — | — | |
| Q3 2014 | +4.0% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | +3.3% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | +5.0% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2012 | -4.3% | — | — | |
| Q2 2012 | -7.9% | — | — | |
| Q1 2012 | +5.6% | — | — | |
| Q4 2011 | +8.2% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q2 2011 | -18.9% | — | — | |
| Q1 2010 | -5.4% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q4 2010 | +13.6% | — | — | |
| Q4 2008 | +13.6% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q2 2010 | +10.8% | — | — | |
| Q4 2009 | +10.8% | — | — | |
| Q2 2009 | +10.8% | — | — |
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