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INTERPUBLIC GROUP REPORTS RESULTS FOR THIRD QUARTER 1992

 INTERPUBLIC GROUP REPORTS RESULTS FOR THIRD QUARTER 1992
 NEW YORK, Oct. 27 /PRNewswire -- Philip H. Geier, Jr., chairman of


the board and chief executive officer, reported that The Interpublic Group of Companies, Inc. had net income of $12,440,000 for the third quarter of 1992, an increase of more than 25 percent from $9,904,000 during the same period in 1991. Earnings per share increased more than 21 percent to $.17 from $.14 in 1991. Gross income increased approximately 9 percent to $435,776,000 from $401,024,000 during the third quarter of 1991.
 Net income for the nine months ended Sept. 30, 1992, increased almost 21 percent to $65,316,000, as compared to $54,031,000 during the same period in 1991. Earnings per share increased more than 17 percent to $.88 from $.75 in 1991. Gross income increased more than 14 percent to $1,321,834,000 from $1,154,310,000 during the same period in 1991.
 The per share results for 1991 have been restated to reflect the two-for-one stock split in June of this year.
 Gross income from United States operations increased slightly in the third quarter and 11 percent in the first nine months as compared to 1991. Gross income from operations outside the United States increased 13 percent in the third quarter of 1992 and 16.2 percent for the first nine months of 1992 over the comparable period of 1991.
 Continuing cost containment efforts kept costs at appropriate levels. Mr. Geier noted that the company's financial condition continues to be excellent, with a strong balance sheet and a solid cash position.
 Interpublic's agency systems have achieved net new business during the first nine months of 1992 of approximately $542 million of billings, a 2 percent increase of $10 million over the net new business gain of $532 million achieved during the first nine months of 1991. This is an indication of continued solid growth in a tough global environment.
 The Interpublic Group of Companies, Inc. will adopt Statement of Financial Accounting Standards No. 106 (Statement 106) -- "Employers' Accounting for Postretirement Benefits Other than Pensions" in the fourth quarter of 1992, effective Jan. 1, 1992, and will record a one- time cumulative after-tax charge of approximately $22 million. This one-time charge represents approximately 3.7 percent of the company's equity, and is not considered material to its net worth. Statement 106 requires companies to record a liability for employees' accumulated postretirement benefit costs during the employees' period of service and applies to those employees hired prior to Jan. 1, 1988. Statement 106 is required to be adopted no later than 1993. The adoption of this standard is not expected to have a material adverse impact on future results of operations or cash flow.
 The Interpublic Group of Companies is comprised of McCann-Erickson Worldwide, Lintas:Worldwide, Dailey & Associates, The Lowe Group and other related companies.
 The shares of The Interpublic Group of Companies, Inc. are listed on the New York Stock Exchange.
 THE INTERPUBLIC GROUP OF COMPANIES, INC. AND ITS SUBSIDIARIES
 Consolidated Summary of Earnings
 (Unaudited -- Dollars in thousands, except per share data)
 Nine Months Ended Sept. 30 1992 1991 Pct.
 Favorable
 (Unfavorable)
 Gross income:
 United States $ 411,781 $ 371,398 10.9
 International 910,053 782,912 16.2
 Total 1,321,834 1,154,310 14.5
 Costs and expenses 1,167,403 1,021,373 (14.3)
 Interest expense 24,486 24,293 (0.8)
 Inc. bef. prov. for inc. taxes 129,945 108,644 19.6
 Prov. for income taxes 61,629 52,808 (16.7)
 Net equity interests (A) (3,000) (1,805) (66.2)
 Net income (B) 65,316 54,031 20.9
 Earns. per com. & com. equiv. shr. $.88 $.75 17.3
 Average number of shares 74,893,191 72,609,032
 Cash dividends per share $.335 $.305 9.8
 Third Quarter Ended Sept. 30 1992 1991 Pct.
 Favorable
 (Unfavorable)
 Gross income:
 United States $ 138,584 $ 138,303 .2
 International 297,191 262,721 13.1
 Total 435,776 401,024 8.7
 Costs and expenses 403,309 371,168 (8.7)
 Interest expense 8,399 8,815 4.7
 Inc. bef. prov. for inc. taxes 24,068 21,041 14.4
 Prov. for income taxes 10,862 9,876 (10.0)
 Net equity interests (A) (766) (1,261) 39.3
 Net income (B) 12,440 9,904 25.6
 Earns. per com. & com. equiv. shr. $.17 $.14 21.4
 Cash dividends per share $.115 $.105 9.5
 (A) Net equity interests is the net of equity in income of unconsolidated affiliates less income attributable to minority interests of consolidated subsidiaries.
 (B) Includes losses from exchange and translation of foreign currencies for 1992 and 1991, respectively, of $2,419,000 and $2,282,000 for the nine months and $153,000 and $16,000 for the third quarter.
 -0- 10/27/92
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of Interpublic Group of Companies/
 (IPG)


CO: Interpublic Group of Companies, Inc. ST: New York IN: ADV SU: ERN

PS-EE -- NY001 -- 5206 10/27/92 09:10 EST
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Date:Oct 27, 1992
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