The Interpublic Group Stock Price, News & Analysis

Interpublic reported a second quarter 2020 net revenue of $1.85 billion, a 12.8% decrease year-over-year, driven by a 9.9% organic net revenue decrease. The second quarter net loss was $45.6 million, with adjusted EBITA at $174.9 million, reflecting a 9.4% margin. First half results also showed a net revenue decline of 7.4%, with a loss per share of $0.11. Management has initiated a cost reduction program expected to lower expenses by $80-$90 million. Despite challenges, the company maintains a solid pipeline of business opportunities.

Interpublic Group (NYSE: IPG) will release its second-quarter earnings on July 29, 2020, for the period ended June 30, 2020. An investor conference call will follow at 8:30 a.m. Eastern Time. Participants can join the call by dialing (888) 769-8916 or (630) 395-0272 for international calls, with a participant passcode of 7683927. The call will also be available live on the company’s website and will be recorded for later access.

MRM, a marketing agency of McCann Worldgroup, was awarded Gold as Agency Of The Year (Midsize) at the 2020 ANA B2 Awards, recognizing excellence in B2B marketing. The award highlights MRM's effective marketing strategies, ROI for clients, and thought leadership. Recent client additions include Johnson & Johnson Vision Care and Verizon Business Group. MRM continues to be recognized in the industry, noted for its leadership in Gartner's Magic Quadrant and multiple honors from Adweek and Campaign magazines, confirming its significant impact in the B2B marketing space.

McCann Health Managed Markets has been awarded "Agency of The Year" at the 2020 Manny Awards by Med Ad News, marking a milestone as the first managed markets agency to receive this honor. The agency achieved a record 26% growth and has expanded its team with over 30 new hires. Notably, it won the Best Managed Markets Campaign for 'Access Adventure' for the third consecutive year. Key business wins with Janssen Immunology, Novartis, and AstraZeneca contributed to this growth, demonstrating the agency's increasing prominence within the healthcare communications sector.

The Ad Council and R/GA launched a new PSA from the Love Has No Labels campaign on June 17, 2020, focusing on racial equality and systemic racism faced by the Black community. The PSA contrasts the freedoms enjoyed by non-Black Americans with the injustices experienced by Black individuals, urging collective action towards ending racism. Supported by partners like Bank of America and Google, the campaign aims to inspire change through educational resources, social messaging, and public engagement, building on previous successful initiatives. The campaign has garnered over $110 million in donated media.

Interpublic Group (NYSE: IPG) has declared a quarterly dividend of $0.255 per share on its common stock. This dividend is payable on June 15, 2020, to shareholders on record by the close of business on June 1, 2020. This announcement reflects the company’s commitment to returning value to its investors.

Interpublic Group (NYSE: IPG) has joined a coalition of over 90 companies and NGOs to address diversity and inclusion issues related to COVID-19. This coalition, led by Ascend, aims to combat anti-Asian sentiment and support vulnerable groups affected by the pandemic. Their five-point action agenda includes promoting inclusion, raising awareness, denouncing bias, supporting communities, and providing donations. In May, IPG's Asian Heritage Group is hosting activities for AAPI month, including a virtual town hall to discuss rising discrimination.

Interpublic Group (NYSE: IPG) will present at the 48^th Annual J.P. Morgan Global Technology, Media & Communications Conference on May 14^th, 2020, at 10:10 am ET via teleconference. A live webcast will be available on their Investor Relations section, with a replay accessible for 30 days. Interpublic is a data-driven and creatively-focused company, representing prominent global brands like McCann, FCB, and Weber Shandwick. For more details, visit www.interpublic.com.

Interpublic Group (NYSE: IPG) announced that its 2020 Annual Meeting of Stockholders will be held virtually on May 21, 2020, at 9:30 A.M. Eastern Time, due to COVID-19 concerns. Stockholders of record as of March 30, 2020, can participate online by using their control number from proxy materials. The company urges stockholders to vote in advance, ensuring that those who have already submitted proxies do not need to take further action. Additional details are available on the company’s website.