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Omnicom Reports Third Quarter 2012 Results

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NEW YORK, Oct. 16, 2012 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share in the third quarter of 2012 increased 2.8% to $0.74 per share from $0.72 per share in the third quarter of 2011.  Omnicom's net income for the third quarter of 2012 increased slightly to $203.9 million from $203.7 million in the third quarter of 2011. 

Worldwide revenue increased 0.8% to $3,406.6 million from $3,380.9 million in the third quarter of 2011.  Domestic revenue for the third quarter of 2012 increased 3.2% to $1,758.1 million compared to $1,703.2 million in the third quarter of 2011.  International revenue decreased 1.7% to $1,648.5 million compared to $1,677.7 million in the third quarter of 2011.

Omnicom's diluted net income per common share for the nine months ended September 30, 2012 increased 5.1% to $2.49 per share in 2012 from $2.37 per share in the same period in 2011. Omnicom's net income for the nine months ended September 30, 2012 increased 1.5% to $691.2 million from $680.7 million in the same period in 2011. 

Worldwide revenue for the nine months ended September 30, 2012 increased 2.5% to $10,274.8 million from $10,019.6 million in the same period in 2011.  Domestic revenue for the nine months ended September 30, 2012 increased 4.2% to $5,337.0 million from $5,120.0 million in the same period in 2011.  International revenue for the nine months ended September 30, 2012 increased 0.8% to $4,937.8 million from $4,899.6 million in the same period in 2011.

Omnicom Group Inc. (NYSE-OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company.  Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

For a live webcast and/or a replay of our third quarter earnings conference call, go to www.omnicomgroup.com/InvestorRelations.


Omnicom Group Inc.

 

(Unaudited)                                                                                                                           

(Dollars in Millions, Except Per Share Data)

 

Three Months Ended September 30,                     

2012

2011




Revenue                                                                       

$    3,406.6

$    3,380.9




Operating expenses, excluding amortization of intangibles    

2,992.0

2,983.8




Earnings before interest, taxes and



            amortization of intangibles (a)                           

414.6

397.1




Amortization of intangibles                                              

27.3

23.7




Operating income                                                               

387.3

373.4




Net interest expense                                                         

40.3

31.9




Income before income taxes                                                         

347.0

341.5




Income tax expense                                                                    

118.7

117.1




Income from equity method investments                             

5.3

4.5




Net Income                                                                                   

233.6

228.9




Less: Net income attributed to noncontrolling interests         

29.7

25.2




Net Income  -  Omnicom Group Inc.                                          

203.9

203.7




Less: Net income allocated to participating securities          

4.5

2.3




Net income available for common shares                           

$       199.4

$       201.4







Net income per common share  -  Omnicom Group Inc.



      Basic                                                                              

$    0.75

$    0.73

      Diluted                                                                            

$    0.74

$    0.72







Weighted average shares (in millions)



      Basic                                                                              

266.6

277.1

      Diluted                                                                             

268.5

281.4




Dividend declared per common share                                  

$    0.30

$    0.25

 

(a)  

Earnings before interest, taxes and amortization of intangibles ("EBITA") is a Non-GAAP measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of acquired intangible assets. We believe that EBITA is a useful measure to evaluate the performance of our businesses. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

 

Omnicom Group Inc.

 

(Unaudited)                                                                                                                           

(Dollars in Millions, Except Per Share Data)

 

Nine Months Ended September 30,                             

2012

2011




Revenue                                                                          

$  10,274.8

$  10,019.6


Operating expenses, excluding amortization of intangibles    

8,943.4

8,768.2




Earnings before interest, taxes and



            amortization of intangibles (a)                                       

1,331.4

1,251.4




Amortization of intangibles                                                  

75.2

67.7




Operating income                                                                    

1,256.2

1,183.7




Net interest expense                                                          

104.3

91.8




Income before income taxes                                                   

1,151.9

1,091.9




Income tax expense                                                                     

389.9

349.0




Income from equity method investments                           

11.9

10.3




Net Income                                                                              

773.9

753.2




Less: Net income attributed to noncontrolling interests         

82.7

72.5




Net Income  -  Omnicom Group Inc.                                     

691.2

680.7




Less: Net income allocated to participating securities              

15.4

7.3




Net income available for common shares                         

$ 675.8

$ 673.4







Net income per common share - Omnicom Group Inc.



      Basic                                                                           

$    2.51

$    2.41

      Diluted                                                                          

$    2.49

$    2.37







Weighted average shares (in millions)



      Basic                                                                               

269.6

279.8

      Diluted                                                                            

271.5

284.3




Dividend declared per common share                                    

$    0.90

$    0.75

 

(a)  

Earnings before interest, taxes and amortization of intangibles ("EBITA") is a Non-GAAP measure. We use EBITA as an additional operating performance measure, which excludes the non-cash amortization expense of acquired intangible assets. We believe that EBITA is a useful measure to evaluate the performance of our businesses. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies.

 

SOURCE Omnicom Group Inc.



RELATED LINKS
http://www.omnicomgroup.com

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