This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Interpublic Group Of Companies Management Discusses Q2 2012 Results - Earnings Call Transcript

This morning we are joined by Michael Roth and Frank Mergenthaler. We will begin with prepared remarks to be followed by Q&A. We plan to conclude before market open at 9:30 a.m. Eastern.

During this call, we will refer to forward-looking statements about our company, which are subject to the uncertainties in the cautionary statement included in our earnings release and the slide presentation and further detailed in our 10-Q and other filings with the SEC.

At this point, it is my pleasure to turn things over to Michael Roth.

Michael I. Roth

Thank you, Jerry, and thank you for joining us for our review of our second quarter and first half 2012 results. As usual, I'll start out by covering the key highlights of our performance, Frank will then provide additional details on our results and I'll conclude with an update on our agencies and outlook to be followed by Q&A.

To begin with the highlights, we're pleased to report Q2 diluted earnings per share growth of 16%, along with operating margin expansion that supports our targets for the year. Our organic revenue growth in the second quarter was 0.8% and 1.7% for the first half of the year.

In the U.S., our organic revenue decrease in Q2 was 3.2%. The approximate 5% impact of last year's account losses more than offset sound U.S. performance. We had growth at several of our integrated agencies and across the CMG portfolio.

Our digital services continue to make strong contributions. That includes both the capabilities we built within our agencies and, of course, our digital specialty agencies.

Internationally, organic growth in the second quarter was 6%. In the Asia Pac and LatAm regions, double-digit growth was due to the strength of all our global networks: Media businesses, digital capabilities and our marketing services specialist.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs