The Interpublic Group of Companies, Inc. (NYSE:IPG) Q3 2023 Earnings Conference Call October 20, 2023 8:30 AM ET

Company Participants

Jerry Leshne - Senior Vice President, Investor Relations

Philippe Krakowsky - Chief Executive Officer

Ellen Johnson - Chief Financial Officer

Conference Call Participants

Adrien de Saint Hilaire - Bank of America

David Karnovsky - J.P. Morgan

Ben Swinburne - Morgan Stanley

Michael Nathanson - MoffettNathanson

Steven Cahall - Wells Fargo

Tim Nollen - Macquarie

Jason Bazinet - Citi

Julien Roch - Barclays

Operator

Good morning, and welcome to the Interpublic Group Third Quarter 2023 Conference Call. All parties are in a listen-only mode until the question-and-answer portion. [Operator Instructions]

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

Jerry Leshne

Good morning. Thank you for joining us. This morning we are joined by our CEO, Philippe Krakowsky, and by Ellen Johnson, our CFO.

We have posted our earnings release and our slide presentation on our website, interpublic.com. We will begin with prepared remarks to be followed by Q&A. We plan to conclude before market open at 9:30 Eastern Time.

During this call we will refer to forward-looking statements about our company. These are subject to the uncertainties and the cautionary statement that are included in our earnings release and the slide presentation. These are 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 Philippe Krakowsky.

Philippe Krakowsky

Thank you, Jerry. As usual, this morning I'll begin with a high-level view of the quarter, after which Ellen will provide additional details. I'll conclude with updates on our agencies to be followed by Q&A.

Before getting to the business of the call, however, it seems not only appropriate, but necessary to speak to our collective shock and grief in response to the terrorist attacks perpetrated in Israel and their aftermath. Thankfully, our colleagues in Israel are safely accounted for, but many are being called into service. We're also clearly in the midst of humanitarian crisis in the region. So our thoughts go out to all innocent lives that have been impacted by violence and those, who remain in harm's way. Given the scale of our operations in Israel, we'll also spend a bit more time later in the call discussing the implications on IPG's business.