The Interpublic Group Stock Price, News & Analysis

MRM, part of McCann Worldgroup, has appointed Jayna Kothary as its Global Chief Technology Officer. Previously serving as CTO for Global Clients at WPP, Kothary brings expertise in technology and data science, essential for MRM's expansion in e-commerce. Under her leadership, MRM aims to enhance its technology capabilities, leveraging innovative partnerships with Salesforce and Adobe. The agency has been recognized as a leader in Gartner's Magic Quadrant for four consecutive years and received accolades such as Agency Of The Year at the 2020 ANA B2 Awards.

United Minds, a Weber Shandwick consultancy, has launched (Re)Boot Camp, a tailored re-onboarding program aimed at helping organizations adapt to new workplace norms post-COVID-19. The program includes virtual events, training modules, and workplace walkthroughs, focusing on areas like health protocols, leadership re-skilling, and team dynamics. Recent survey data indicates high employee anxiety regarding job security and workplace safety. (Re)Boot Camp seeks to alleviate these concerns while preparing companies for strategic changes in their operations, highlighting the importance of employee confidence during the transition.

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.