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    Daniel Alley

    Vice President and Equity Research Analyst at Wells Fargo

    Daniel Alley is a Vice President and Equity Research Analyst at Wells Fargo Securities, specializing in coverage of the industrials sector with a focus on machinery, aerospace, and multi-industry companies. He has provided research and investment insights on companies such as Caterpillar, Deere & Company, and United Technologies, and his published analysis is referenced by institutional clients seeking in-depth sector knowledge. Since joining Wells Fargo in 2017, Alley has developed a strong research profile, having previously worked at J.P. Morgan in equity research after starting his career as a corporate finance associate. He is FINRA-registered with Series 7, 63, 86, and 87 licenses and is recognized for his analytical rigor and sector expertise.

    Daniel Alley's questions to INTERPUBLIC GROUP OF COMPANIES (IPG) leadership

    Daniel Alley's questions to INTERPUBLIC GROUP OF COMPANIES (IPG) leadership • Q1 2025

    Question

    Daniel Alley of Wells Fargo asked about the margin impact from restructuring, the amount of savings to be realized in the current fiscal year, and the specific areas that led to the increased total savings target.

    Answer

    CFO Ellen Johnson reiterated that in-year savings for 2025 are expected to be $250 million. The total expected restructuring charge was increased to $300-$350 million, with annualized run-rate savings of a similar amount accruing to the merged entity from 2026. Both she and CEO Philippe Krakowsky clarified that the upside came from finding more opportunities within previously identified areas like centralization and real estate, not from new initiatives.

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