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INTERPUBLIC GROUP REPORTS RESULTS FOR SECOND QUARTER 1993

 NEW YORK, July 26 /PRNewswire/ -- Philip H. Geier, Jr., chairman of the board and chief executive officer, today reported that The Interpublic Group of Companies, Inc. (NYSE: IPG), had net income of $48,987,000 for the second quarter of 1993, an increase of more than 13 percent from $43,232,000 during the same period in 1992. Earnings per share also increased more than 12 percent to $.65 from $.58 in 1992. Gross income decreased slightly to $483,758,000 from $485,325,000 during the second quarter of 1992. Excluding the unfavorable effect of currency exchange of $41 million, second quarter gross income increased by over $39 million or 8.1 percent. Gross income from U.S. operations increased 9.7 percent to $154,023,000 during the second quarter of 1993.
 Net income before accounting changes for the six months ended June 30, 1993, increased 13.5 percent to $60,012,000, as compared to $52,877,000 during the same period in 1992. Earnings per share increased almost 13 percent to $.80 in 1993. After taking into effect accounting changes, earnings per share for the six-month period increased almost 108 percent to $.79 from $.38 in the comparable period of 1992.
 The per share results for 1992 have been restated to reflect the 2-for-1 stock split in June of 1992.
 Gross income for the six-month period ended June 30, 1993, was $873,543,000, a 1.4 percent decline from the gross income of the comparable period in 1992. The 1993 gross income results were unfavorably affected because of the stronger U.S. dollar during the six months of 1993. The strengthening of the U.S. dollar unfavorably impacted the gross income results by $58,182,000. Excluding this extraordinary effect, gross income for the six months of 1993 would have been $931,725,000, an increase of 5.2 percent as compared to the six months of 1992.
 Interpublic's agency systems have achieved net new business during the first six months of 1993 of approximately $450,578,000, which was slightly ahead of the record gains of $444,174,000 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
 Six Months and Second Quarter Report 1993 and 1992 (Unaudited)
 (Dollars in thousands except per share data)
 Pct.
 Six Months Ended June 30 Favorable
 1993 1992 (Unfavorable)
 Gross income:
 United States $280,458 $273,196 2.7
 International 593,085 612,874 (3.2)
 Total 873,543 886,070 (1.4)
 Costs and expenses 738,721 764,103 3.3
 Interest expense 16,815 16,088 (4.5)
 Income before provision
 for income taxes 118,007 105,879 11.5
 Provision for income taxes 54,910 50,768 (8.2)
 Net equity interests (A) (3,085) (2,234) (38.1)
 Income before effect of
 accounting changes (B) 60,012 52,877 13.5
 Effect of accounting changes:
 Income taxes (512) -- --
 Postretirement benefits -- (24,640) --
 Net income (B) $ 59,500 $ 28,237 110.7
 Per share data:
 Income before effect of
 accounting changes $ .80 $ .71 12.7
 Effect of accounting changes (.01) (.33) (97.0)
 Net income $ .79 $ .38 107.9
 Average number of shares 75,402,829 74,948,679 --
 Cash dividends per share $ .24 $ .22 9.1
 Pct.
 Second Quarter Favorable
 1993 1992 (Unfavorable)
 Gross income:
 United States $154,023 $140,378 9.7
 International 329,735 344,947 (4.4)
 Total 483,758 485,325 (0.3)
 Costs and expenses 377,990 392,289 3.6
 Interest expense 9,094 8,805 (3.3)
 Income before provision
 for income taxes 96,674 84,231 14.8
 Provision for income taxes 44,892 39,953 (12.4)
 Net equity interests (A) (2,795) (1,046) (167.2)
 Net income (B) $ 48,987 $ 43,232 13.3
 Earnings per common and
 common equivalent share $ .65 $ .58 12.1
 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 $6,275,607 and $1,388,000 for the six months and $2,918,607 and $1,349,000 for the second quarter.
 -0- 7/26/93
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of The Interpublic Group of Companies/
 (IPG)


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

GK-MG -- NY101 -- 5939 07/26/93 18:07 EDT
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Date:Jul 26, 1993
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