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Sep 30, 2021
Interpublic Group Q3 2021 Earnings Report
Interpublic Group's third quarter performance was highlighted by strong revenue growth across all regions and operating segments, driven by broad-based contributions from agencies and client sectors. The company increased its financial objectives for the full year, expecting organic growth of approximately 11% and an adjusted EBITA margin of approximately 16.8%.
Key Takeaways
Interpublic Group reported a strong third quarter with a 15.7% increase in net revenue to $2.26 billion and 15.0% organic growth. Net income was $239.9 million, and adjusted EBITA before restructuring charges was $369.5 million, with a margin of 16.3%. Diluted EPS was $0.60 as reported, and $0.63 as adjusted.
Net revenue for the third quarter was $2.26 billion, a 15.7% increase year-over-year, with organic growth of 15.0%.
Net income reached $239.9 million, with an adjusted EBITA before restructuring charges of $369.5 million and a margin of 16.3%.
Third quarter diluted EPS was $0.60 as reported, and $0.63 as adjusted, compared to $0.53 a year ago.
The company upgraded its full-year 2021 financial performance expectation to approximately 11.0% organic growth and an adjusted EBITA margin of approximately 16.8%.
Forward Guidance
Based on expectations of a reasonably steady course of improvement in the public health situation and attendant global economic recovery, the company expects to deliver organic growth for the year of approximately 11% and achieve an adjusted EBITA margin of approximately 16.8%.
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