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Omnicom Group diluted EPS increased 2.1%

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Staff writer ▼ | October 20, 2015
Omnicom Group announced that its diluted net income per common share for the third quarter increased two cents, or 2.1%, to $0.97 per share versus $0.95 per share for the third quarter of 2014.
Omnicom Group
Omnicom Group   $0.97 per share
Omnicom's worldwide revenue in the third quarter of 2015 decreased 1.1% to $3,706.6 million from $3,749.6 million in the third quarter of 2014.

The components of the change in revenue included an increase in revenue from organic growth of 6.1%, a marginal increase in revenue from acquisitions, net of dispositions and a decrease in revenue from the negative impact of foreign exchange rates of 7.2% when compared to the third quarter of 2014.

Across company's regional markets, organic revenue in the third quarter of 2015 increased 6.3% in North America, 9.1% in the United Kingdom, 4.5% in the Euro Markets and Other Europe, 8.6% in Asia Pacific and 0.4% in Africa/Middle East, while organic revenue decreased 6.9% in Latin America when compared to the same quarter of 2014.

The change in organic revenue in the third quarter of 2015 as compared to the third quarter of 2014 in company's four fundamental disciplines was as follows: advertising increased 9.9%, CRM increased 2.8% and specialty communications increased 5.4%, while public relations decreased 1.5%.

For the third quarter of 2015, Omnicom's earnings before interest, taxes and amortization of intangibles ("EBITA"), a non-GAAP financial measure, decreased $5.8 million, or 1.3%, to $454.7 million from $460.5 million in the third quarter of 2014. Company's EBITA margin of 12.3% for the third quarter of 2015 was unchanged when compared to the third quarter of 2014.

Operating income in the third quarter of 2015 decreased $5.3 million, or 1.2%, to $428.3 million from $433.6 million in the third quarter of 2014. Company's operating margin of 11.6% for the third quarter of 2015 was unchanged when compared to the third quarter of 2014.

For the third quarter of 2015, company's income tax rate was 32.8% compared to 33.4% in the third quarter of 2014.

Net income for the third quarter of 2015 decreased $4.5 million, or 1.8%, to $239.3 million from $243.8 million in the third quarter of 2014.


 

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