First Quarter 2023 Earnings Conference Call
Adjusted Diluted Earnings Per Share
Operating Income and Adjusted EBITA before Restructuring Charges (2)
Total (Expenses) and Other Income (3)
Income Before Income Taxes
Provision for Income Taxes
Effective Tax Rate
Equity in Net Loss of Unconsolidated Affiliates
Net Income Attributable to Non-controlling Interests
DILUTED EPS COMPONENTS:
Net Income Available to IPG Common Stockholders
Weighted-Average Number of Common Shares Outstanding
Earnings per Share Available to IPG Common Stockholders (4)
$
$
$
As Reported
188.3
(22.3)
166.0
33.8
20.4 %
(0.1)
(6.1)
126.0
387.4
0.33
Amortization of
Acquired
Intangibles
$
$
Three Months Ended March 31, 2023
$
(20.9)
(20.9)
4.2
(16.7)
(1) Restructuring charges of $1.6 in the first quarter of 2023 represent adjustments to our restructuring actions taken in Q4 2022, as well as adjustments to the actions taken in 2020.
(2) Refer to non-GAAP reconciliation of Adjusted EBITA before Restructuring Charges on page 16.
(3) Consists of non-operating expenses including interest expense, interest income, and other expense, net.
(4) Earnings per share amounts calculated on an unrounded basis.
See full non-GAAP reconciliation of adjusted diluted earnings per share on page 15.
($ in Millions, pt per share amounts)
$
$
(0.04) $
Restructuring
Charges (1)
(1.6)
(1.6)
0.3
A
(1.3) $
(0.00) $
Net Losses on
Sales of
Businesses
(4.2)
(4.2)
1.3
Adjusted Results
(Non-GAAP)
$
(2.9) $
(0.01) $
Interpublic Group of Companies, Inc.
210.8
(18.1)
192.7
39.6
20.6 %
(0.1)
(6.1)
146.9
387.4
0.38
7
IFGView entire presentation