The Interpublic Group of Companies, Inc. (NYSE:IPG) Q2 2020 Earnings Conference Call - Final Transcript

Jul 29, 2020 • 08:30 am ET


The Interpublic Group of Companies, Inc. (NYSE:IPG) Q2 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, and welcome to the Interpublic Group Second Quarter 2020 Conference Call. [Operator Instructions]

I would now like to introduce Mr. Jerry Leshne, Senior Vice President of Investor Relations. Sir, you may begin.

Jerome Leshne

Good morning. We hope you are all well, thank you for joining us. This morning, we are joined by Michael Roth, our Chairman and CEO; by Ellen Johnson, our Chief Financial Officer; and by Philippe Krakowsky, our Chief Operating Officer.

As usual, we have posted our earnings release and our slide presentation on our website We will begin our call with prepared remarks to be followed by Q&A and plan to conclude before market opens at 9:30 Eastern.

During this call, we will refer to forward-looking statements about our Company. These are subject to the uncertainties in the cautionary statement that is included in our earnings release and our slide presentation, and further detailed in our 10-Q and other filings with the SEC. We will also refer to certain non-GAAP measures, we believe that these measures provide useful supplemental data that while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance.

At this point, it is my pleasure to turn things over to Michael Roth.

Michael Roth

Thank you, Jerry, and thank you for joining us this morning. I would like to start by saying that, I hope that you and your families have been safe and healthy during this pandemic, which has had such a severe impact on the entire global community. A main topic of our call, of course, is how the crisis has impacted our people, our clients and our business, and crucially, our focused and disciplined response to the profound challenges we are all facing.

I would like to first recognize and thank our people at IPG and our agencies around the world for their outstanding and a highly effective work in spite of the countless changes, concerns and pressures brought by COVID into everyday life. These were unforeseeable just a few short months ago. Our people have continued in their dedication to one another, to clients and to their communities, while making necessary changes in successfully adapting our business model. As we navigate the pandemic at IPG, the safety, health and well-being of our employees, clients and other key partners continues to be at the forefront of everything we do.

In recent months, we have also felt with renewed urgency, the pain of racial discrimination here in the United States and around the world. Society is facing the long-term effects of racial injustice, which demands long overdue action. At IPG, we know that we can make more of a difference. We have recommitted to listening, to learning and most importantly, to action in support of social and economic justice for Black Americans and for all people of color. We are a company that lives in the culture and has a voice in the culture. We understand that we have a responsibility and that