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Posts Tagged ‘Lime PR’

MDC Partners Reports 33.4 Percent Revenue Increase, But Makes Adjustments

MDC Partners, home to Kwittken & Company, Allison & Partners, Lime PR, and other firms, reported a 33.4 percent increase in revenue for Q3; from $178.6 million in 2010 to $238.2 million for the same period in 2011.

Organic growth also took a leap, up 17.9 percent for the quarter.

However, in a statement, MDC CEO Miles Nadal said the company’s EBITDA guidance had shifted downward because of a “slowing of existing client work as well as some modest delays in new projects and campaigns.” (Here’s a definition of EBITDA.)

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Roll Call: True Religion, Dewey Square, R/GA, and More

Denim company True Religion Apparel has a new VP of brand strategy, marketing, and PR. Jordan Daly has joined the company, and will be managing brand positioning, campaigns, special events, and other areas of the marcomms effort on a global scale. Previously, Daly was the VP of PR in the Americas for Burberry.

Joe Eyer has been named director of The Dewey Square Group‘s new director of grassroots. Eyer has been with the firm for six years and was previously a principal in the group. The division also has two new principals. Tracey Lewis was the New Hampshire field director for Secretary of State Hillary Clinton during her 2008 presidential run and the general election director for President Obama’s New Hampshire campaign. And Jonathan Drobis, who has worked on a number of political campaigns, including President Obama’s and AG Jack Conway‘s campaign for Senate in Kentucky.

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MDC Partners Reports Tech, Digital Generated 51 Percent of Q1 Revenue

MDC Partners announced its earnings for the first quarter ending March 31, 2011, reporting revenue totaling $217.5 million, a 60 percent increase from $135.9 million in Q1 2010. The company also saw a 26.5 percent jump in organic revenue.  Net new business amounted to $8.2 million for the quarter. And technology and digital-related revenue totaled 51 percent of revenue for the quarter.

“While it’s still early in the year, with our differentiated model and a smart approach to investment and cost management, we are reiterating our 2011 fiscal year guidance,” said chairman and CEO Miles Nadal in a statement.

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MDC Full-Year Revenue Increases 28 Percent

MDC Partners, home to firms including Kwittken & Company, Lime PR, Allison & Partners, and Attention, announced a 42.7 percent year-over-year increase in Q4 revenue to $213.4 million. Organic revenue increased 14.1 percent, and revenue from technology and digital services increased to 50 percent for the quarter from 45 percent in Q3. All results are for the period ending December 31, 2010.

Net new business for the quarter was $29.1 million; the total for the year was $77.6 million.

For the year, the company announced $697.8 million in revenue, a 28 percent increase from $545.1 million in 2009. Guidance for 2010 had been between $640 million and $655 million. Organic revenue was up 7.1 percent.

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MDC Reports Revenue Gain But Income Loss

MDC Partners reported its earnings yesterday, announcing a year-over-year increase in revenue for the third quarter – $178.6 million for Q3 2010 versus $134.4 million for Q3 2009. Organic revenue increased 7.5 percent for the quarter.

For the nine months ending September 30, 2010, the company reported $484.4 million in revenue, a 22.5 percent increase over $395.6 million in 2009.

The company also reported net new business wins for third quarter 2010 totaling $14.7 million, with $47.5 million year-to-date.

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