Interpublic Group of Companies Inc (IPG) Q4 2019 Earnings Call Transcript

Interpublic Group of Companies Inc (IPG) Q4 2019 Earnings Call Transcript

Good morning and welcome to the Interpublic Group Fourth Quarter and Full Year 2019 Conference call.. I'll start our call by covering the highlights of our performance as well as our outlook for the new year.. We're very pleased to report strong performance for both the quarter and full year.. At the top of our financial highlights, net revenue organic growth was 2.9% in the fourth quarter, which builds on the challenging 7.1% comp in the fourth quarter of 2018.. Fourth quarter US organic growth was 2.1%, which is on top of the 6.3% US organic growth in the fourth quarter of the prior year.. It's also worth noting that our growth in the US this quarter includes, and is in spite of, the headwinds we have described in prior calls which dragged down [Phonetic] [0:14:44] US growth by 4.3% in the quarter.. International organic growth was 4.1%, which, on top of 8% growth a year ago, also represents continued strong performance.. Our growth was led by media, data services and tech.. Our adjusted EBITA margin was 14%, an increase of 50 basis points from a year ago, attaining the high end of our target range for the year.. Full