The Interpublic Group of Companies' (IPG) CEO Philippe Krakowsky on Q1 2022 Results - Earnings Call Transcript

The Interpublic Group of Companies, Inc. (NYSE:IPG) Q1 2022 Earnings Conference Call April 28, 2022 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

Jason Bazinet – Citi

David Karnovsky – JPMorgan

Tim Nollen – Macquarie

Dan Salmon – BMO Capital Markets

Michael Nathanson – MoffettNathanson

Operator

Good morning, and welcome to the Interpublic Group First Quarter 2022 Conference Call. [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. I hope you are all well. 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 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 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 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

Thanks, Jerry, and good morning. As you all know, for two years now, since the onset of the pandemic, we’ve begun these calls by sharing wishes for our collective health and safety. Yet in the early part of this year, the world dramatically changed again. And the invasion of Ukraine means that people on the ground there are anything but safe. So before getting on to the business of this call, it seems appropriate and actually even necessary to express our support for the Ukrainian people.

Across our company, IPG colleagues have been focused on doing their part to help during this crisis. Some of us closer to Ukraine have assisted with transportation near the border, others have helped with refugees resettlement and with access to housing and medical services. And several of our agencies in Eastern Europe have opened their doors to displace colleagues.