Interpublic Group Q1 Earnings Surpass Street View

  • Interpublic Group Of Companies Inc IPG reported first-quarter FY22 total revenue growth of 13.8% year-on-year to $2.57 billion and net revenue growth of 9.8% to $2.23 billion, beating the consensus of $2.17 billion.
  • Selling, administrative, and engineering expenses were $19.3 million versus $28.2 million last year.
  • Operating income for the quarter rose 1.1% to $245.7 million. Adjusted EBITA before restructuring charges amounted to $273.6 million, with a margin of 12.3% on net revenue.
  • Adjusted EPS of $0.47 beat the analyst consensus of $0.40.
  • Total debt was $2.97 billion as of March 31, 2022. Cash and equivalents totaled $2.40 billion.
  • Outlook: Interpublic raised its FY22 organic revenue growth outlook to 6% from the previous 5%. IPG also reiterated its expectation for an adjusted EBITA margin of 16.6%.
  • Price Action: IPG shares are trading higher by 0.74% at $34.27 on the last check Thursday.

Posted In: BriefsEarningsNewsGuidance

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.