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Dec 31, 2019
Stagwell Q4 2019 Earnings Report
MDC Partners' Q4 2019 financial results were announced, revealing sequential revenue growth and improved profitability driven by strategic plan implementation and cost reduction efforts.
Key Takeaways
MDC Partners Inc. reported Q4 2019 financial results, showcasing sequential revenue growth of 11% and improved profitability due to cost reduction. The company's Adjusted EBITDA increased by 9.8% to $57.0 million, and net new business wins totaled $37.2 million.
MDC Partners delivered sequential revenue growth of 11% in Q4 2019.
Adjusted EBITDA for Q4 2019 increased by 9.8% to $57.0 million.
Net new business wins in Q4 2019 totaled $37.2 million.
The company ended the year with $107 million in cash and no revolver borrowings, reducing leverage to 4.5x.
Forward Guidance
2020 financial guidance is updated as follows:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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