The Interpublic Group of Companies, Inc. (IPG) CEO Philippe Krakowsky on Q2 2022 Results - Earnings Call Transcript

Start Time: 08:30 January 1, 0000 9:33 AM ET

The Interpublic Group of Companies, Inc. (NYSE:IPG)

Q2 2022 Earnings Conference Call

July 21, 2022, 08:30 AM ET

Company Participants

Philippe Krakowsky - CEO

Ellen Johnson - CFO

Jerry Leshne - SVP, IR

Conference Call Participants

Tim Nollen - Macquarie

Steven Cahall - Wells Fargo

David Karnovsky - JPMorgan

Michael Nathanson - MoffettNathanson

Ben Swinburne - Morgan Stanley

Jason Bazinet - Citi

Operator

Good morning, and welcome to the Interpublic Group Second Quarter 2022 Conference Call. All parties are in a listen-only mode until the question-and-answer portion. [Operator Instructions]. This conference is being recorded. If you have any objections, you may disconnect at this time.

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 being with 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 Web site, interpublic.com. We plan to begin our call with prepared remarks to be followed by Q&A. We plan to conclude before market open at 9.30 Eastern.

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

Philippe Krakowsky

Thank you, Jerry, and good morning. I hope you all keeping well. These days that's no small ask. Before turning to our results, it's important to acknowledge that as individuals we're living through and as organizations, we're operating in quite unusual and challenging times. In all our conversations with clients, the question of purpose is something that increasingly comes up.

That topic is also at the forefront of our thinking. And it's essential that we as IPG continue to be clear about our values because living into those values is something that our colleagues across the company take very seriously, which is particularly important when you consider that we're a talent-based business focused on ideas, creativity, and IP.