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INTERPUBLIC GROUP REPORTS RESULTS FOR THIRD QUARTER 1993

 NEW YORK, Oct. 26 /PRNewswire/ -- Philip H. Geier, Jr., chairman of the board and chief executive officer, reported today that The Interpublic Group of Companies, Inc. (NYSE: IPG), had net income of $14,690,000 for the third quarter of 1993, an increase of 18.1 percent from $12,440,000 during the same period in 1992. Earnings per share increased almost 18 percent to $.20 from $.17 in 1992.
 Net income before accounting changes for the nine months ended Sept. 30, 1993, increased 14.4 percent to $74,702,000, as compared to $65,316,000 during the same period in 1992. Earnings per share increased almost 14 percent to $1.00 from $.88 in 1992. After taking into effect accounting changes, earnings per share increased 80 percent to $.99 from $.55 in the comparable period of 1992.
 Gross income for the third quarter of 1993 decreased 5.7 percent to $411,027,000 from $435,776,000 for the third quarter of 1992. The third quarter 1993 gross income results were unfavorably affected by the relatively stronger U.S. dollar and by extraordinary spending by major clients on the 1992 Olympics. The strengthening of the U.S. dollar unfavorably impacted the gross income results by $35 million. Excluding these extraordinary effects, third quarter gross income increased by about $27.5 million or 6.3 percent. Gross income from U.S. operations increased 2.1 percent to $141,499,000 during the third quarter of 1993.
 Gross income for the nine month period ended Sept. 30, 1993, was $1,284,570,000, a 2.8 percent decline from the gross income for the comparable period in 1992. The nine month 1993 gross income results were also unfavorably affected because of the stronger U.S. dollar. This strengthening of the U.S. dollar unfavorably impacted the gross income results by over $93 million. Excluding this extraordinary effect as well as the spending on the 1992 Olympics, gross income for the nine months of 1993 would have been about $1,401,000,000, an increase of 6.0 percent as compared to the nine months of 1992.
 Interpublic's agency systems have achieved net new business during the first nine months of 1993 of approximately $601,081,000, which is approximately 11 percent ahead of the record gains of $542,209,000 achieved during 1992. This is an indication of continued solid growth in a tough global environment.
 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.
 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
 Nine Months and Third Quarter Report 1993 and 1992 (Unaudited)
 (Dollars in thousands except per share data)
 Nine months ended Sept. 30 1993 1992 Pct. Favorable
 (Unfavorable)
 Gross income:
 United States $ 421,957 $ 411,781 2.5
 International 862,613 910,053 (5.2)
 Total 1,284,570 1,321,834 (2.8)
 Costs and expenses 1,115,420 1,167,403 4.5
 Interest expense 21,398 24,486 12.6
 Income before provision
 for income taxes 147,752 129,945 13.7
 Provision for inc. taxes 67,968 61,629 (10.3)
 Net equity interests (A) (5,082) (3,000) (69.4)
 Income before effect of
 accounting changes (B) 74,702 65,316 14.4
 Effect of accounting changes:
 Income taxes (512) -- --
 Postretirement benefits -- (24,640) --
 Net income (B) $ 74,190 $ 40,676 82.4
 Per share data:
 Income before effect of
 accounting change $ 1.00 $ .88 13.6
 Effect of accounting changes (.01) (.33) 97.0
 Net income $ .99 $ .55 80.0
 Average number of shares 75,261,301 74,893,191
 Cash dividends per share $ .365 $ .335 9.0
 Third Quarter 1993 1992 Pct. Favorable
 (Unfavorable)
 Gross income:
 United States $ 141,499 $ 138,584 2.1
 International 269,528 297,192 (9.3)
 Total 411,027 435,776 (5.7)
 Costs and expenses 376,697 403,309 6.6
 Interest expense 4,584 8,399 45.4
 Income before provision
 for income taxes 29,746 24,068 23.6
 Provision for inc. taxes 13,058 10,862 (20.2)
 Net equity interests (A) (1,998) (766) (160.8)
 Net income (B) $ 14,690 $ 12,440 18.1
 Earnings per common and
 common equivalent share $ .20 $ .17 17.6
 Cash dividends per share $ .125 $ .115 8.7
 (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 1993 and 1992, respectively, of $10,073,370 and $2,418,695 for the nine months and $3,797,763 and $1,030,575 for the third quarter.
 -0- 10/26/93
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of Interpublic/
 (IPG)


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

GK -- NY020 -- 6765 10/26/93 09:25 EDT
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Date:Oct 26, 1993
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