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Stocks Y / Young and Rubicam, Inc.


Subject:  Q4 earnings $0.51 per diluted share. Date:  2/25/2000  7:41 AM
Author:  TMFSpirit Number:  10 of 12

Good morning,

Yesterday Young & Rubicam announced strong financial results for the three and twelve month periods ended December 31, 1999.

In the fourth quarter of 1999, Y&R reported revenues of $490.5 million, an increase of 14.9% over the corresponding period in 1998. Organic revenues, excluding the effects of acquisitions and foreign currency fluctuations, increased by 10.3% over the year ago quarter.

The Company reported fourth quarter net income of $34.4 million, excluding approximately $9 million of after-tax impact of additional consideration from Luminant, or $0.41 per diluted share, a 20.6% increase per diluted share over the year-ago period. Including this additional consideration the Company reported fourth quarter net income $42.9 million, or $0.51 per diluted share.

For the full year 1999, Y&R reported revenues of $1.72 billion, an increase of 12.8% over 1998. Organic revenues increased 10.4% over 1998. Y&R posted an EBIT margin for the fourth quarter of 13.3%, a 120 basis point improvement over the fourth quarter in 1998. The Company also reported an EBITDA margin of 17.3%, a 110 basis point improvement over the same period in 1998.

Click on the news link at the top of this page to read the full press release.

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