WASHINGTON (dpa-AFX) - Interpublic Group of Cos., Inc. (IPG) reported
Thursday that net income available to IPG common stockholders for the fourth
quarter surged to $463.2 million or $1.21 per share from $297.2 million or $0.76
per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.18 per share,
compared to $1.02 per share in the year-ago quarter.

Total revenue, which includes billable expenses, for the quarter grew 1.3
percent to $3.02 billion from $2.99 billion in the same quarter last year. Net
revenue was also up 1.4 percent from last year at $2.59 billion. Organic net
revenue growth was 1.7 percent.

On average, analysts polled by Thomson Reuters expected the company to report
earnings of $1.13 per share on revenues of $2.57 billion for the quarter.
Analysts' estimates typically exclude special items.

Looking ahead, CEO Philippe Krakowsky said, 'We expect organic net revenue
growth for 2024 in a range of 1% to 2%, and full-year adjusted EBITA margin of
16.6%.......'

The Company also announced that its Board of Directors has declared a 6 percent
higher common stock cash dividend of $0.33 per share, payable quarterly to
holders of record on an ongoing basis.

Further, the company's Board approved additional share repurchase authorization
of $320 million.

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