The Interpublic Group of Companies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 07:00 am EST
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The Interpublic Group of Companies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 2,586.2 million compared to USD 2,550.5 million a year ago. Revenue was USD 3,023.3 million compared to USD 2,985.9 million a year ago. Net income was USD 463.2 million compared to USD 297.2 million a year ago. Basic earnings per share from continuing operations was USD 1.21 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 1.21 compared to USD 0.76 a year ago.
For the full year, the company reported sales was USD 9,400.6 million compared to USD 9,449.4 million a year ago. Revenue was USD 10,889.3 million compared to USD 10,927.8 million a year ago. Net income was USD 1,098.4 million compared to USD 938 million a year ago. Basic earnings per share from continuing operations was USD 2.86 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 2.85 compared to USD 2.37 a year ago.
The Interpublic Group of Companies, Inc. is a world leader in publicity and marketing services. The group designs and executes publicity campaigns and supplies consulting, media space purchasing, strategic planning, direct marketing, public relations, institutional communication, and other services. Net sales break down by activity network as follows:
- integrated agency network (85.8%): Draftfcb, Lowe, McCann, Campbell-Ewald, Hill Holliday, etc.;
- specialized agency network (14.2%): primarily Weber Shandwick, FutureBrand, DeVries, GolinHarris, Jack Morton and Octagon Worldwide.
Net sales break down geographically as follows: the United States (64.6%), the United Kingdom (8.2%), Europe (8.5%), Asia-Pacific (8.8%), Latin America (4%) and other (5.9%).
THE INTERPUBLIC GROUP OF COMPANIES, INC. 
