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The quality of our people and our offerings is at its highest level in well over a decade: Michael Roth

15-February-2016
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The quality of our people and our offerings is at its highest level in well over a decade: Michael Roth

The Interpublic Group, one of the world's leading organizations of advertising agencies and marketing services companies, recently announced its Q4 FY15 results.

As per the results, the Fourth quarter 2015 revenue was $2.20 billion, compared to $2.21 billion in the fourth quarter of 2014, with an organic revenue increase of 5.2% compared to the prior-year period while operating income was $871.9 million, compared to $788.4 million in 2014.

Fourth quarter 2015 net income available to IPG common stockholders was $260.3 million, resulting in earnings of $0.65 per basic and $0.63 per diluted share. This compares to net income available to IPG common stockholders of $308.9 million, or $0.75 per basic and $0.73 per diluted share a year ago.

During the fourth quarter of 2015, salaries and related expenses were $1.24 billion, down 2.5% compared to the same period in 2014. In the fourth quarter of 2015, net interest expense of $18.3 million increased by $4.0 million compared to the same period in 2014. Other expense, net was $46.7 million for the full year 2015, and was $10.3 million for the fourth quarter of 2015, primarily due to losses recorded during the third and fourth quarters on sales of businesses.

During the fourth quarter of 2015, the company repurchased 5.1 million shares of its common stock at an aggregate cost of $112.8 million and an average price of $21.97 per share. For the full year 2015, the company repurchased 13.6 million shares of its common stock at an aggregate cost of $285.2 million and an average price of $20.97 per share.

“From every perspective, 2015 was a very successful year, with notable accomplishments in the marketplace and strong financial results. Across the group, the quality of our people and our offerings is at its highest level in well over a decade. The key drivers of our industry-leading organic revenue performance have been talent acquisition and development, particularly in creative and strategic roles, our ‘open architecture’ model of integrating services, as well as the deep digital expertise we have embedded into our agencies,” commented Michael Roth, Chairman and CEO of IPG.

In the fourth quarter of 2015, the company declared and paid a common stock cash dividend of $0.12 per share, for a total of $48.3 million. For the full year 2015, the company declared and paid common stock cash dividends of $0.48 per share, for a total of $195.5 million.

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