Loading...
•
Mar 31, 2021
Stagwell Q1 2021 Earnings Report
Reported highest net income in nearly three years and highest first quarter Adjusted EBITDA in company history.
Key Takeaways
MDC Partners Inc. reported a decline in revenue by 6.2% to $307.6 million, but achieved its highest net income in nearly three years at $0.9 million, compared to a net loss of $2.4 million in the prior year period. Adjusted EBITDA increased by 31.3% to $51.9 million, marking the highest first quarter Adjusted EBITDA in company history.
GAAP revenue of $307.6 million, a decline of 6.2% year-over-year.
Net income attributable to MDC Partners Inc. common shareholders was $0.9 million, the highest in 11 quarters.
Adjusted EBITDA increased 31.3% to $51.9 million, the highest first quarter Adjusted EBITDA in company history.
The company maintains its outlook of 7 to 9% organic revenue growth for the year with Adjusted EBITDA of $190 million to $200 million.
Forward Guidance
MDC Partners anticipates organic revenue growth of 7% to 9% and Adjusted EBITDA between $190 million and $200 million for the full year 2021.
Positive Outlook
- Expects approximately 7 to 9% growth in organic revenue.
- No estimated impact from Foreign Exchange Impact, net at this time.
- Current expectations are that the impact of acquisitions, net of disposition activity, will have no material impact on revenue.
- The Company expects to complete fiscal year 2021 with approximately $190 million to $200 million of Adjusted EBITDA, approximately 7 to 13% above prior year.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...