- The Interpublic Group of Companies Inc (NYSE:IPG) reported fourth-quarter FY21 net revenue growth of 11.6% year-on-year, to $2.55 billion, beating the consensus of $2.51 billion.
- Total revenue, including billable expenses, summed $2.93 billion, against $2.55 billion last year.
- Organic net revenue growth was 11.7% versus last year. Organic net revenue increased 12.1% in the U.S. and 11% internationally.
- Operating income was $457.3 million against $223.4 million in Q4 FY20.
- Adjusted EPS of $0.82 beat the consensus of $0.81.
- Interpublic held cash and equivalents of $3.27 billion.
- Share Buyback & Dividend: The board reapproved a share buyback of up to $400 million. The board raised the quarterly dividend by 7.4% to $0.29.
- Price action: IPG shares are trading lower by 9.38% at $35.74 in the market on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Why Interpublic Group Shares Are Plunging Today
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks