Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  InnerWorkings, Inc.    INWK

INNERWORKINGS, INC.

(INWK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

InnerWorkings : Announces Two Major Contract Expansions

share with twitter share with LinkedIn share with facebook
share via e-mail
09/06/2018 | 09:04am EDT

Total contract wins in 2018 to date rises to $105 million of annualized revenue at full run rate

InnerWorkings, Inc. (NASDAQ:INWK) a global leader in marketing execution, announced today that the company has received significant new work from two of its long-term clients. These new wins will add approximately $20 million of annualized revenue for the company at full run rate, bringing the total awarded to $105 million through the first eight months of 2018.

“We are particularly proud when our clients, who are among the best run companies in the world, ask us to meaningfully increase our support of their brands”, said Rich Stoddart, Chief Executive Officer for InnerWorkings. “There is no better testimonial to the positive impact we make as we execute their marketing campaigns. Our new bookings thus far in 2018 are ahead of our pace in the last two years, with half coming from existing clients expanding their relationship with InnerWorkings.”

One of the new expansions comes from one of the world’s largest producers in the beer, wine, and spirits vertical, a client that InnerWorkings has been supporting for more than 10 years. The legacy solutions primarily involve luxury packaging in Europe and point-of-sale materials throughout Latin America. The new contract announced today is for their largest market, the United States, as well as Canada, and covers a broad range of marketing materials, including point of sale, value-added packaging, and promotional items. At the heart of the solution is InnerWorkings’ proprietary VALO software platform, which will facilitate automated ordering windows allowing for the organized purchasing of branded materials in bulk for both this client and for their distributors. The result will be lower costs, greater transparency, and better adherence to brand standards. InnerWorkings has already deployed an on-site team and will begin realizing meaningful revenue under this new contract in the first quarter of 2019.

The other expansion announced today is with one of the world’s leading manufacturers of consumer goods, specializing in cleaning products. InnerWorkings has been supporting this client since 2014, managing promotional items and printed marketing collateral in the United States and Canada. The new contract expands the relationship to include permanent retail displays. InnerWorkings’ expertise in creative and structural design combined with overseas sourcing and logistics knowledge will help drive incremental sales for this client in the retail environment while lowering the cost of the displays.

“Our efforts to expand our existing clients with new geographies and additional categories of marketing spend are paying off for both InnerWorkings and for our clients”, said David Duysen, Vice President, Business Development for InnerWorkings. “Meaningful opportunities exist to further increase our work with both of these two clients beyond these latest wins, as well as with many other clients in our portfolio.”

For more information about InnerWorkings, visit www.inwk.com.

About InnerWorkings

InnerWorkings, Inc. (NASDAQ: INWK) is the leading global marketing execution firm serving Fortune 1000 brands across a wide range of industries. As a comprehensive outsourced enterprise solution, the Company leverages proprietary technology, an extensive supplier network and deep domain expertise to streamline the production of branded materials and retail experiences across geographies and formats. InnerWorkings is headquartered in Chicago, IL and employs 2,100 individuals to support global clients in the execution of multi-faceted brand campaigns in every major market around the world. Among the many industries InnerWorkings serves are: retail, financial services, hospitality, consumer packaged goods, not-for-profits, healthcare, food & beverage, broadcasting & cable, automotive, and transportation. For more information visit: www.inwk.com.


© Business Wire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INNERWORKINGS, INC.
03/27THE LAW OFFICES OF FRANK R. CRUZ : Continues Its Investigation on Behalf of Inne..
BU
03/26Law Offices of Howard G. Smith Continues Investigation of InnerWorkings, Inc...
BU
03/24GLANCY PRONGAY & MURRAY LLP : a Leading Securities Fraud Law Firm, Continues Inv..
BU
03/23INNERWORKINGS ALERT : Bragar Eagel & Squire, P.C. is Investigating InnerWorkings..
BU
03/18THE LAW OFFICES OF FRANK R. CRUZ : Announces Investigation on Behalf of InnerWor..
BU
03/18INVESTIGATION REMINDER : The Schall Law Firm Announces it is Investigating Claim..
BU
03/18GLANCY PRONGAY & MURRAY LLP : a Leading Securities Fraud Law Firm, Announces Inv..
BU
03/17Law Offices of Howard G. Smith Announces Investigation of InnerWorkings, Inc...
BU
03/17INVESTIGATION ALERT : The Schall Law Firm Announces it is Investigating Claims A..
BU
03/17INWK LOSS NOTICE : ROSEN, NATIONAL TRIAL LAWYERS, Announces Investigation of Sec..
BU
More news
Financials (USD)
Sales 2020 1 130 M
EBIT 2020 16,2 M
Net income 2020 -2,72 M
Debt 2020 -
Yield 2020 -
P/E ratio 2020 -24,6x
P/E ratio 2021 8,21x
Capi. / Sales2020 0,05x
Capi. / Sales2021 0,05x
Capitalization 59,8 M
Chart INNERWORKINGS, INC.
Duration : Period :
InnerWorkings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INNERWORKINGS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 4,50  $
Last Close Price 1,15  $
Spread / Highest target 422%
Spread / Average Target 291%
Spread / Lowest Target 161%
EPS Revisions
Managers
NameTitle
Richard S. Stoddart President, Chief Executive Officer & Director
Jack M. Greenberg Chairman
Donald W. Pearson Chief Financial Officer & Executive Vice President
Adan K. Pope Chief Technology Officer
Charles Kellogg Bobrinskoy Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
INNERWORKINGS, INC.-82.50%61
OMNICOM GROUP, INC.,-33.72%11 906
WPP GROUP-52.09%8 310
PUBLICIS GROUPE-26.98%6 801
THE INTERPUBLIC GROUP OF COMPANIES, INC.-34.98%6 279
CYBERAGENT, INC.3.16%4 907