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Jun 30, 2021
Interpublic Group Q2 2021 Earnings Report
Interpublic Group's Q2 2021 earnings showcased resilience and a remarkable rebound, marking the largest second quarter in the company's history.
Key Takeaways
Interpublic Group reported strong Q2 2021 results, demonstrating resilience and a remarkable rebound from the pandemic's impact. The company's net organic revenue growth was 19.8%, with double-digit growth rates around the world. The adjusted EBITA margin on net revenue was 17.9%.
Net organic revenue growth in the second quarter was 19.8%.
Adjusted EBITA was $405.8 million and adjusted EBITA margin on net revenue was 17.9%.
Diluted earnings per share was $0.66 as reported and $0.70 as adjusted.
The company upgraded its full-year organic growth outlook to 9% to 10% and adjusted EBITA margin to approximately 16.0%.
Interpublic Group
Interpublic Group
Forward Guidance
The company expects to deliver organic growth for the full year of 9% to 10%, and achieve 2021 adjusted EBITA margin of approximately 16.0%.
Positive Outlook
- Continued progress on public health issues.
- Reasonably steady course of macro recovery.
- People continue to become vaccinated to protect themselves and their communities.
- The company is able to adequately mitigate the impact of dangerous new variants.
- The company is well-positioned to enhance value for all of its stakeholders.
Challenges Ahead
- COVID pandemic and the related risks to the macro environment are not yet behind us.
- Lagging vaccination rates in many parts of the world.
- Emergence of new variants may entail higher COVID risks.
- Potential deterioration on the public health front.
- Increase in travel costs in the fourth quarter, which could return to levels consistent with what we saw in the fourth quarter of 2019.