NEW YORK, July 18, 2013 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per common share in the second quarter of 2013 increased 6.9% to $1.09 per share from $1.02 per share in the second quarter of 2012. Omnicom's net income for the second quarter of 2013 increased 2.4% to $289.5 million from $282.7 million in the second quarter of 2012.
Worldwide revenue increased 2.1% to $3,637.0 million from $3,561.0 million in the second quarter of 2012. Domestic revenue for the second quarter of 2013 increased 2.4% to $1,904.0 million compared to $1,859.6 million in the second quarter of 2012. International revenue increased 1.9% to $1,733.0 million compared to $1,701.4 million in the second quarter of 2012.
Omnicom's diluted net income per common share for the six months ended June 30, 2013 increased 6.3% to $1.85 per share from $1.74 per share in the same period in 2012. Omnicom's net income for the six months ended June 30, 2013 increased 1.5% to $494.7 million from $487.3 million in the same period in 2012.
Worldwide revenue for the six months ended June 30, 2013 increased 2.4% to $7,035.9 million from $6,868.2 million in the same period in 2012. Domestic revenue for the six months ended June 30, 2013 increased 3.3% to $3,695.6 million from $3,579.0 million in the same period in 2012. International revenue for the six months ended June 30, 2013 increased 1.6% to $3,340.3 million from $3,289.2 million in the same period in 2012.
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 second quarter earnings conference call, go to www.omnicomgroup.com/InvestorRelations.
Omnicom Group Inc.
(Unaudited) (Dollars in Millions, Except Per Share Data) |
|||
Three Months Ended June 30, |
2013 |
2012 |
|
Revenue |
$ 3,637.0 |
$ 3,561.0 |
|
Operating expenses, excluding amortization of intangibles |
3,088.7 |
3,030.6 |
|
Earnings before interest, taxes and |
548.3 |
530.4 |
|
Amortization of intangibles |
25.3 |
24.0 |
|
Operating income |
523.0 |
506.4 |
|
Net interest expense |
40.7 |
34.9 |
|
Income before income taxes |
482.3 |
471.5 |
|
Income tax expense |
163.6 |
161.9 |
|
Income from equity method investments |
2.9 |
4.6 |
|
Net Income |
321.6 |
314.2 |
|
Less: Net income attributed to noncontrolling interests |
32.1 |
31.5 |
|
Net Income - Omnicom Group Inc. |
289.5 |
282.7 |
|
Less: Net income allocated to participating securities |
7.8 |
6.4 |
|
Net income available for common shares |
$ 281.7 |
$ 276.3 |
|
Net income per common share - Omnicom Group Inc. |
|||
Basic |
$ 1.09 |
$ 1.03 |
|
Diluted |
$ 1.09 |
$ 1.02 |
|
Weighted average shares (in millions) |
|||
Basic |
257.7 |
269.0 |
|
Diluted |
259.2 |
271.8 |
|
Dividend declared per common share |
$ 0.40 |
$ 0.30 |
(a) Earnings before interest, taxes and amortization of intangibles ("EBITA") is a Non-GAAP measure. We |
Omnicom Group Inc.
(Unaudited) (Dollars in Millions, Except Per Share Data) |
|||
Six Months Ended June 30, |
2013 |
2012 |
|
Revenue |
$ 7,035.9 |
$ 6,868.2 |
|
Operating expenses, excluding amortization of intangibles |
6,090.5 |
5,951.4 |
|
Earnings before interest, taxes and |
945.4 |
916.8 |
|
Amortization of intangibles |
50.6 |
47.9 |
|
Operating income |
894.8 |
868.9 |
|
Net interest expense |
81.7 |
64.0 |
|
Income before income taxes |
813.1 |
804.9 |
|
Income tax expense |
272.7 |
271.2 |
|
Income from equity method investments |
6.1 |
6.5 |
|
Net Income |
546.5 |
540.2 |
|
Less: Net income attributed to noncontrolling interests |
51.8 |
52.9 |
|
Net Income - Omnicom Group Inc. |
494.7 |
487.3 |
|
Less: Net income allocated to participating securities |
13.4 |
10.9 |
|
Net income available for common shares |
$ 481.3 |
$ 476.4 |
|
Net income per common share - Omnicom Group Inc. |
|||
Basic |
$ 1.86 |
$ 1.76 |
|
Diluted |
$ 1.85 |
$ 1.74 |
|
Weighted average shares (in millions) |
|||
Basic |
259.4 |
271.2 |
|
Diluted |
260.7 |
273.9 |
|
Dividend declared per common share |
$ 0.80 |
$ 0.60 |
(a) Earnings before interest, taxes and amortization of intangibles ("EBITA") is a Non-GAAP measure. We use |
SOURCE Omnicom Group Inc.
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