Omnicom Precision Marketing Group is a Leader in Independent Research Firm’s Creative Agency Assessment Posted on July 25, 2022July 27, 2022 by Amanda Granath The results follow another analyst report noting that Omnicom Media Group “leads in retail and commerce media” NEW YORK, July 25, 2022 – Omnicom Precision Marketing Group (OPMG) today announced it has been named a Leader in “The Forrester Wave™: Marketing Creative and Content Services, Q3 2022” by Forrester Research, Inc. Within the 17-criterion evaluation, OPMG was the top-ranked company in the Strategy category, receiving the highest scores possible in three criteria: execution roadmap, innovation roadmap, and workforce strategy and automation. The group also received the highest scores possible in three criteria in the Current Offering category, including creative intelligence, dynamic creative optimization technology, and awards and accolades. The evaluation noted that “OPMG modernizes content with creative intelligence and automation prowess.” It also stated, “The agency’s innovation comes from differentiated investments like a universal media/content taxonomy, AI-powered creative workflows, and expanded digital commerce partnerships.” OPMG Chief Executive Officer Luke Taylor said, “This recognition from Forrester is a strong affirmation that our investments in AI and machine learning technologies are driving significant effectiveness and efficiency gains across our customer base. It is particularly rewarding that OPMG was recognized for both the quality of its creative talent and the best-in-class deployment of dynamic content delivery techniques that drive better outcomes for our clients.” “OPMG stands apart from others in this evaluation for its creative intelligence, dynamic creative optimization (DCO) services, and caliber of creativity, underscored by significant recognition in industry awards,” said the report, authored by Jay Pattisall, Principal Analyst at Forrester. It also stated, “Clients looking to scale campaigns with audience intelligence and connect brand to performance should consider working with OPMG and its agencies.” This evaluation of marketing creative and content services is a new Forrester Wave™ and part of a portfolio of five Forrester Wave™ evaluations. Other evaluations within the portfolio focus on media, data strategy and activation, digital experience, and other marketing services. This Forrester Wave™ evaluation for marketing creative and content services follows the recent publication of “The Forrester Wave™: Global Media Management Services, Q3 2022”, where fellow Omnicom network Omnicom Media Group (OMG) was named a Leader and the top ranked company in the Current Offering category. OMG emerged with the highest scores possible in the following criteria: retail media, commerce media, intelligence and insights, operations, optimization, and innovation road map. ABOUT OMNICOM PRECISION MARKETING GROUPOmnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence, and connected experiences, OPMG provides services that include data-driven product / service design, AdTech / MarTech strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships. OPMG is a division of Omnicom Group Inc. (NYSE: OMC). ABOUT OMNICOM GROUP INC. Omnicom Group (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 70 countries.
Ketchum Taps Agency Veteran Jim Joseph as Firm’s First Global Chief Marketing and Integration Officer Posted on July 20, 2022July 20, 2022 by Amanda Granath NEW YORK, July 20, 2022 /PRNewswire/ — Leading communications consultancy Ketchum today announced the appointment of Jim Joseph to global chief marketing and integration officer, the first in the company’s history. Joseph will collaborate with teams worldwide, drawing on his extensive experience leading global client and agency brands to help shepherd and define the Ketchum brand as both trusted counselor to clients and prospective clients and destination of choice for current and future colleagues. In addition to leading global marketing and communications, Joseph will partner with his colleagues from across Omnicom Public Relations Group and the entire Omnicom network to unleash creative solutions for clients and to drive thought leadership for Ketchum. He joins the company from IPG Health, where he served as chief customer solutions officer. “Jim is a world-class leader and counselor, and an all-around exceptional human being,” said Mike Doyle, Ketchum president and CEO. “The deep experience he brings in client relationship building, agency leadership and expertise in so many of our consultancy’s growth categories is clear. And importantly, his values and commitment to people, relationships and inclusion are aligned with Ketchum’s.” Joseph has experience leading virtually every discipline within the marketing mix. Prior to his role at IPH Health, Joseph spent eight years at BCW, starting out at Cohn & Wolfe in a variety of global roles and then as a BCW global president, where he was instrumental in the successful merger of Burson Marsteller and Cohn & Wolfe. Joseph also has extensive experience leading smaller specialty agencies and began his career client-side with brand management stints at Church and Dwight, Co. (Arm & Hammer) and Johnson & Johnson. Chris Foster, CEO of Omnicom Public Relations Group, said of the appointment, “I’ve known Jim for years, and he is one of the best in the business. I’m looking forward to seeing him thrive at Ketchum and to working with him on programs across Omnicom Public Relations Group and Omnicom.” “Having been an integrated marketer from the very beginning of my career, I am inspired by both the legacy and future potential of Ketchum and quite simply, want to be a part of it and help to shape it,” commented Joseph. “The agency’s future matches my own goals, but it’s the Ketchum culture, spirit, and values that made me come running to the door.” Agency of the Year, Global Agency of the Year, Most Awarded Agency and Network of the Year, and Creative Agency of the Year are just a few of the accolades won under Joseph’s past agency leadership. In his “spare time,” Jim is training the next generation of marketing and public relations professionals in his role as adjunct professor at NYU’s School of Professional Studies and has been an avid blogger and author since 2009, receiving honors from the Nonfiction Authors Association, Axiom Book Awards and Reader Views for his most recent book, The Conscious Marketer: Inspiring a Deeper and More Conscious Brand Experience, which explores the need for brands to be aware of socio-political, public health, and cultural issues as consumer mindsets and behaviors evolve. About KetchumThe winner of 135 Cannes Lions, Ketchum is the most creatively awarded firm in our industry. We’re equal parts human-centered and business-focused, empathetic and intelligent. As a global communications consultancy, we combine the deep industry and specialty expertise of boutique firms with global reach to find unexpected connections that lead to lasting relationships and work that matters. For more information on Ketchum, a part of Omnicom Public Relations Group, visit www.ketchum.com. About Omnicom Public Relations GroupOmnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, language strategy, global health strategy and change management. As the largest group of communications professionals in the world, our employees provide expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group delivers for clients through a relentless focus on talent, continuous pursuit of innovation and a culture steeped in collaboration. Omnicom Public Relations Group is part of the Communications Consultancy Network, a division of Omnicom Group Inc. (NYSE: OMC). About Omnicom Group Inc.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 70 countries. Follow us on Twitter for the latest news. SOURCE Ketchum Inc
Omnicom Group Reports Second Quarter 2022 Results Posted on July 19, 2022July 22, 2022 by Amanda Granath Revenue of $3,567.2 million flat, with organic growth of 11.3% Operating profit of $541.6 million Operating profit margin of 15.2% Diluted earnings per share of $1.68 NEW YORK, July 19, 2022 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced results for the quarter ended June 30, 2022. “We performed well on every metric this quarter, led again by double-digit organic revenue growth,” said John Wren, Chairman and Chief Executive Officer of Omnicom Group Inc. “The changes we have made in our portfolio are delivering better results for our clients as we are uniquely qualified to help them digitally transform their business, navigate complexity, and expand in high-growth areas like retail media and e-commerce. As we enter the second half of the year, we are in a strong financial position, and our company is well-prepared to manage through economic headwinds.” $ in millions, except per share amounts Three Months EndedJune 30, 2022 2021 Adjustments 2021 Adjusted Revenue $ 3,567.2 $ 3,571.6 $ – $ 3,571.6 Operating Profit 1 541.6 568.4 (50.5) 517.9 Operating Profit Margin 1 15.2 % 15.9 % 14.5 % Interest expense 1 40.1 73.5 (26.6) 46.9 Net Income 3 348.4 348.2 (31.0) 317.2 Net Income per Share – Diluted 3 $ 1.68 $ 1.60 $ (0.14) $ 1.46 EBITA 1,4 $ 562.4 $ 589.6 $ (50.5) $ 539.1 EBITA Margin 1,4 15.8 % 16.5 % 15.1 % Notes: Non-GAAP Adjustments for the three months ended June 30, 2021: 1) Operating Profit, EBITA and related margins include a $50.5 million gain on the disposition of a subsidiary; 2) Interest expense includes a $26.6 million pre-tax charge on the early extinguishment of debt; 3) Net Income and Net Income per Share for Omnicom Group Inc. include a $19.5 million after-tax charge on the early extinguishment of debt and a $50.5 million gain on the disposition of a subsidiary; the tax impact on the gain of the sale of subsidiary was nominal; and 4) See Reconciliations of Non-GAAP Financial Measures on Pages 8–9. Second Quarter 2022 Results Revenues Worldwide revenue growth in the second quarter of 2022 compared to the second quarter of 2021 was led by an increase in revenue from organic growth of $403.8 million, or 11.3%. Acquisition revenue, net of disposition revenue, was a decrease of $239.8 million, or 6.7%, reflecting dispositions in the Advertising & Media discipline in the second quarter of 2021 and the disposition of our businesses in Russia in the first quarter of 2022. The impact of foreign currency translation was a decrease of $168.4 million, or 4.7%. Reported total revenue in the second quarter of 2022 decreased $4.4 million, or 0.1%. Organic growth in the second quarter of 2022 compared to the second quarter of 2021 increased across all of our fundamental disciplines, including: 8.2% for Advertising & Media, 15.8% for Public Relations, 21.0% for Precision Marketing, 9.2% for Healthcare, 9.3% for Execution & Support, 11.2% for Commerce & Brand Consulting, and 36.6% for Experiential. Organic growth in the second quarter of 2022 compared to the second quarter of 2021 increased across our regional markets as follows: 10.7% for the United States, 15.1% for the Euro Markets & Other Europe, 4.7% for Asia Pacific, 12.0% for the United Kingdom, 12.5% for Other North America, 14.0% for Latin America and 28.3% for the Middle East & Africa. Growth in Asia Pacific was negatively impacted by COVID-19 lockdowns in China. Expenses Operating expenses increased $22.4 million, or 0.7%, to $3,025.6 million compared to the second quarter of 2021, including a decrease of 4.8% from the impact of foreign currency translation. Operating expenses in the the second quarter of 2021 were favorably impacted by a $50.5 million gain on the disposition of a subsidiary. Salary and service costs, which tend to fluctuate with changes in revenue, are comprised of salary and related costs, and third party service costs. In total, salary and service costs decreased $37.1 million, or 1.4%. Salary and related costs increased $79.1 million, or 4.6%, due primarily to the increase in organic revenue, an increase in headcount, and an increase in travel and related costs. Third-party service costs decreased $116.2 million, or 13.2%, due primarily to dispositions in the Advertising & Media discipline in the United States and the disposition of our businesses in Russia, partially offset by costs related to our organic growth in revenue. Occupancy and other costs, which are less directly linked to changes in revenue than salary and service costs, decreased $0.9 million, or 0.3%, to $293.0 million, due to lower rent and other occupancy costs, partially offset by the continued return of our workforce to the office. SG&A expenses increased $7.7 million, or 7.5%, to $110.9 million due to higher marketing and professional fees. Operating Profit Operating profit decreased $26.8 million, or 4.7%, to $541.6 million compared to the second quarter of 2021, and our operating profit margin decreased to 15.2% from 15.9%. After adjusting for a $50.5 million gain on the disposition of a subsidiary in the second quarter of 2021, operating profit in the second quarter of 2022 of $541.6 million increased $23.7 million, or 4.6%, and the related margin improved to 15.2% from 14.5%. Interest Expense Net interest expense in the second quarter of 2022 decreased $33.4 million, or 45.4%, to $40.1 million compared to the second quarter of 2021. Interest expense on debt in the second quarter of 2022 decreased $27.5 million to $47.2 million, primarily as a result of the $26.6 million charge incurred in the second quarter of 2021 related to the early redemption of debt in May 2021. Net Interest expense in the second quarter of 2022 also decreased due to lower average debt balances, a lower weighted-average cost of debt, and higher interest income. Income Taxes Our effective tax rate of 26.5% in the second quarter of 2022 increased from 24.9% in the second quarter of 2021. The higher effective tax rate for 2022 was primarily the result of the nominal tax applied to the $50.5 million book gain on the disposition of subsidiary in the second quarter of 2021 resulting from the excess of tax over book basis. Net Income – Omnicom Group Inc. Net income – Omnicom Group Inc. for the second quarter of 2022 increased $0.2 million, or 0.1%, to $348.4 million compared to the second quarter of 2021. Net income – Omnicom Group Inc. for the second quarter of 2021 included a $50.5 million pre-tax and after-tax gain on the sale of a subsidiary, and interest expense related to the early redemption of debt of $26.6 million ($19.5 million after-tax). Diluted shares outstanding decreased to 206.9 million, or 4.7%, from 217.1 million. Diluted net income per share of $1.68 increased $0.08, or 5.0%, from $1.60 per share. EBITA EBITA in the second quarter of 2022 decreased $27.2 million, or 4.6%, to $562.4 million compared to the second quarter of 2021, and our EBITA margin decreased to 15.8% from 16.5%. After adjusting for a $50.5 million gain related to the disposition of a subsidiary in the second quarter of 2021, EBITA in the second quarter of 2022 of $562.4 million increased $23.3 million, or 4.3%, and the related margin improved to 15.8% from 15.1%. Risks and Uncertainties Global economic challenges, including the impact of the war in Ukraine, the COVID-19 pandemic, rising inflation and supply-chain disruptions could cause economic uncertainty and volatility. The impact of these issues on our business will vary by geographic market and discipline. We monitor economic conditions closely, as well as client revenue levels and other factors. In response to reductions in revenue, we can take actions to align our cost structure with changes in client demand and manage our working capital. However, there can be no assurance as to the effectiveness of our efforts to mitigate any impact of the current and future adverse economic conditions, reductions in client revenue, changes in client creditworthiness and other developments. Definitions – Components of Revenue ChangeWe use certain terms in describing the components of the change in revenue above. Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue. Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through the disposition date. The acquisition revenue and disposition revenue amounts are netted in the description above. Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth. Conference CallOmnicom will host a conference call to review its financial results on Tuesday, July 19, 2022 at 4:30 p.m. Eastern Time. Participants can listen to the conference call by calling 844-291-6362 (domestic) or 234-720-6995 (international), along with access code 1468163. The call will also be simulcast and archived on our investor relations website. Corporate ResponsibilityAt Omnicom, we are committed to promoting responsible practices and making positive contributions to society around the globe. Please explore our website (csr.omnicomgroup.com) for highlights of our progress across the four areas on which we focus: People, Community, Environment and Governance. About Omnicom Group Inc.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 70 countries. Non-GAAP Financial MeasuresWe use certain non-GAAP financial measures in describing our performance. We use EBITA (defined as earnings before interest, taxes and amortization of intangible assets) and EBITA Margin (defined as EBITA divided by revenue) as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets (primarily consisting of amortization of intangible assets arising from acquisitions). We believe EBITA and EBITA Margin are useful measures for investors to evaluate the performance of our business. We use Operating Profit Adjusted, Operating Profit Margin Adjusted, EBITA Adjusted, EBITA Margin Adjusted, Net Income – Omnicom Group Inc. Adjusted and Net Income per diluted share – Omnicom Group Inc. Adjusted as additional operating performance measures. We believe these measures are useful in evaluating the impact of certain items on operating performance and allows for comparability between reporting periods. 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. Forward-Looking StatementsCertain statements in this press release constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, from time to time, the Company or its representatives have made, or may make, forward-looking statements, orally or in writing. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial position, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include: the impact of the war in Ukraine, adverse economic conditions, the COVID-19 pandemic, severe and sustained inflation in countries that comprise our major markets, supply chain issues affecting the distribution of our clients’ products; international, national or local economic conditions that could adversely affect the Company or its clients; losses on media purchases and production costs incurred on behalf of clients; reductions in client spending, a slowdown in client payments and a deterioration or a disruption in the credit markets; the ability to attract new clients and retain existing clients in the manner anticipated; changes in client advertising, marketing and corporate communications requirements; failure to manage potential conflicts of interest between or among clients; unanticipated changes relating to competitive factors in the advertising, marketing and corporate communications industries; the ability to hire and retain key personnel; currency exchange rate fluctuations; reliance on information technology systems; changes in legislation or governmental regulations affecting the Company or its clients; risks associated with assumptions the Company makes in connection with its critical accounting estimates and legal proceedings; and the Company’s international operations, which are subject to the risks of currency repatriation restrictions, social or political conditions and regulatory environment. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2021. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended June 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2022 2021 Revenue $3,567.2 $3,571.6 Operating Expenses: Salary and service costs 2,566.0 2,603.1 Occupancy and other costs 293.0 293.9 Gain on disposition of subsidiary – (50.5) Costs of services 2,859.0 2,846.5 Selling, general and administrative expenses 110.9 103.2 Depreciation and amortization 55.7 53.5 3,025.6 3,003.2 Operating Profit 541.6 568.4 Interest Expense 51.2 80.3 Interest Income 11.1 6.8 Income Before Income Taxes and Income (Loss) From Equity Method Investments 501.5 494.9 Income Tax Expense 133.1 123.2 Income (Loss) From Equity Method Investments 1.6 (0.1) Net Income 370.0 371.6 Net Income Attributed To Non controlling Interests 21.6 23.4 Net Income – Omnicom Group Inc. $348.4 $348.2 Net Income Per Share – Omnicom Group Inc. Basic $1.70 $1.62 Diluted $1.68 $1.60 Weighted average shares (in millions) Basic 205.3 215.4 Diluted 206.9 217.1 Dividends Declared Per Common Share $0.70 $0.70 Omnicom Group Inc. Detail of Operating Expenses Three Months Ended June 30(Unaudited) (Dollars in Millions) 2022 2021 Operating Expenses: Salary and service costs Salary and related service costs $1,800.8 $1,721.7 Third-party service costs 765.2 881.4 Occupancy and other costs 293.0 293.9 Gain on disposition of subsidiary – (50.5) Costs of services 2,859.0 2,846.5 Selling, general and administrative expenses 110.9 103.2 Depreciation and amortization 55.7 53.5 Total Operating Expenses $3,025.6 $3,003.2 Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures Three Months Ended June 30 (Unaudited) (Dollars in Millions) 2022 2021 Net Income – Omnicom Group Inc. $348.4 $348.2 Net Income Attributed To Noncontrolling Interests 21.6 23.4 Net Income 370.0 371.6 Income (Loss) From Equity Method Investments 1.6 (0.1) Income Tax Expense 133.1 123.2 Income Before Income Taxes 501.5 494.9 Interest Income 11.1 6.8 Interest Expense 51.2 80.3 Operating Profit 541.6 568.4 Add back: Amortization of intangible assets 20.8 21.2 Earnings before interest, taxes and amortization of intangible assets (“EBITA”) 562.4 589.6 Gain on disposition of subsidiary (50.5) Non-GAAP EBITA – Adjusted $539.1 Revenue $3,567.2 $3,571.6 EBITA $562.4 $589.6 EBITA Margin % 15.8% 16.5% Non-GAAP EBITA – Adjusted $539.1 Non-GAAP EBITA – Adjusted Margin % 15.1% For definition of Adjustments, see footnote on page 1. The above table reconciles the U.S. GAAP financial measure of Net Income – Omnicom Group Inc. to EBITA (defined as earnings before interest, taxes and amortization of intangible assets) and EBITA Margin (defined as EBITA divided by revenue) for the periods presented. We use EBITA and EBITA Margin as additional operating performance measures, which exclude the non-cash amortization expense of intangible assets (primarily consisting of amortization of intangible assets arising from acquisitions). Accordingly, we believe EBITA and EBITA Margin are useful measures for investors to evaluate the performance of our business. The above table also reconciles the GAAP financial measure of Net Income – Omnicom Group Inc. to the non-GAAP financial measures of EBITA Adjusted and EBITA Margin Adjusted for the three months ended June 30, 2021. Management believes excluding the gain on disposition of subsidiary provides investors with a better picture of the performance of the business during the period presented. 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. Reconciliations of Non-GAAP Financial Measures Three Months Ended June 30, 2021 (Unaudited) (Dollars in Millions, Except Per Share Data) Non-GAAP Adjusted Operating Profit Net Income – Omnicom Group Inc. $348.2 Net Income Attributed To Noncontrolling Interests 23.4 Net Income 371.6 Income (Loss) From Equity Method Investments (0.1) Income Tax Expense 123.2 Income Before Income Taxes 494.9 Net Interest Expense 73.5 Operating Profit – Reported 568.4 Gain on disposition of subsidiary (50.5) Non-GAAP Operating Profit – Adjusted $517.9 Revenue $3,571.6 Operating Profit – Adjusted $517.9 Operating Profit – Adjusted Margin % 14.5% Non-GAAP Adjusted Net Interest Expense Net Income – Omnicom Group Inc. $348.2 Net Income Attributed To Noncontrolling Interests 23.4 Net Income – Reported 371.6 Income (Loss) From Equity Method Investments (0.1) Income Tax Expense – Reported 123.2 Income Before Income Taxes $494.9 Net Interest Expense – Reported 73.5 Early extinguishment of debt (26.6) Non-GAAP Income Tax Expense – Adjusted $46.9 Non-GAAP Adjusted Net Income – Omnicom Group Inc. Diluted Shares Net Income per Share – Diluted Net Income – Omnicom Group Inc. – Reported $348.2 217.1 $1.60 Gain on disposition of subsidiary (50.5) 217.1 (0.23) Early extinguishment of debt 26.6 217.1 0.12 Tax expense on early extinguishment of debt (7.1) 217.1 (0.03) Non-GAAP Net Income – Omnicom Group Inc. – Adjusted $317.2 217.1 $1.46 The above tables reconcile the GAAP financial measure of Net Income – Omnicom Group Inc. to the non-GAAP financial measures of Operating Profit Adjusted, Net Interest Expense Adjusted, Net Income – Omnicom Group Inc. Adjusted and Net Income per share – Diluted Adjusted for the period presented. Management believes excluding the gain on disposition of subsidiary and the charge on the early extinguishment of debt provides investors with a better picture of the performance of the business during the period presented. SOURCE Omnicom Group Inc.
Omnicom Group Schedules Second Quarter 2022 Earnings Release and Conference Call Posted on July 19, 2022July 19, 2022 by Amanda Granath NEW YORK, July 12, 2022 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) will publish its second quarter 2022 results on Tuesday, July 19, 2022 after the New York Stock Exchange closes. The company will also host a conference call to review the financial results on Tuesday, July 19, 2022 starting at 4:30 p.m. Eastern Time. Participants may listen to the conference call by dialing 844-291-6362 (domestic) or 234-720-6995 (international), along with access code 1468163. The conference call will be simulcast and archived on our website at investor.omnicomgroup.com. About Omnicom Group Inc.Omnicom Group (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 70 countries. View original content to download multimedia:https://www.prnewswire.com/news-releases/omnicom-group-schedules-second-quarter-2022-earnings-release-and-conference-call-301585271.html SOURCE Omnicom Group Inc.
Omnicom Group Inc. Declares Dividend Posted on July 15, 2022July 15, 2022 by Amanda Granath NEW YORK, July 14, 2022 /PRNewswire/ — The Board of Directors of Omnicom Group Inc. (NYSE: OMC) declared a quarterly dividend of 70 cents per outstanding share of the corporation’s common stock. The dividend is payable on October 12, 2022 to Omnicom Group common shareholders of record at the close of business on September 21, 2022. About Omnicom Group Inc. Omnicom Group (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 70 countries. View original content to download multimedia:https://www.prnewswire.com/news-releases/omnicom-group-inc-declares-dividend-301587200.html SOURCE Omnicom Group Inc.
In New Independent Research, Omnicom Media Group Receives Highest Possible Scores in Retail Media, Commerce Media, and Intelligence and Insights Criteria Posted on July 14, 2022July 14, 2022 by Amanda Granath OMG named a “Leader” among global media agency groups NEW YORK, July 14, 2022 /PRNewswire/ — In a new analysis of global media agency groups from leading research and advisory firm Forrester, Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE: OMC) received the highest possible scores in the retail media, commerce media, intelligence and insights, and optimization criteria; as well as in the operations and innovation roadmap criteria. The Forrester Wave™: Global Media Management Services analyzes the seven most significant global media management service providers against a 19-criterion evaluation across three categories: current offering, strategy, and market presence. Designed to help CMO professionals select the right provider for their needs, the report assesses the media groups under four designations: Leaders, Strong Performers, Contenders, and Challengers. With the highest possible scores in six criteria, and with the highest score in the current offering category, Omnicom Media Group was one of only two providers among the seven evaluated to earn designation as a “Leader” in the report. Describing OMG as “a good fit for advertisers that require bespoke, technology-literate, global media teams” the report also noted that “… the agency scales consumer empathy and understanding into quantifiable attention metrics against which advertisers can plan, buy, and measure. To achieve this vision, the company deploys its Omni audience planning portal to power better audience, client, and employee experiences.” The report also states that “OMG’s strength lies in initiatives to innovate its Omni portal, such as customized client workflow integrations, audience data integrations; marketing automation partnerships with Google; and efforts to unite media, e-commerce, and shopper tactics.” This finding is borne out by a steady drumbeat of first-mover product and partnership announcements from OMG in 2022, including a multi-year agreement with Affinity Solutions to integrate retailer purchase transactions into Omni; an enterprise-wide partnership with Firework, the world’s largest livestream commerce and shoppable video platform, to deliver livestream shopping solutions directly to Omnicom clients’ websites; the industry’s first programmatic marketplace for point-of-purchase screens; and the Supply Chain IQ Score, which gives media planners day-to-day visibility into SKU inventory data at the physical store, digital shelf, and inventory-in-transit levels, enabling media investment to be shifted away from low inventory products in real time. Most recently, OMG dominated the news cycle at last month’s Cannes Lions International Festival of Creativity, announcing a series of first mover strategic partnerships with retail media networks including Walmart Connect, Instacart, and Kroger Precision Marketing. “As the only agency group to have earned the highest possible score in all three of the criteria that we believe best represent the future of media investment and management – retail media, commerce media, and intelligence & insights – and as a group that also received the highest possible scores in two criteria that we think are critical differentiators in selecting an agency partner –operations and innovation road map – OMG is clearly a leader in today’s marketplace,” says OMG CEO Florian Adamski. “More importantly, as we continue to expand our capabilities and automate our infrastructure, and to build new products and partnerships, we are assuring that we and our clients will remain leaders – today, tomorrow and beyond.” Receiving Forrester’s designation as a “Leader” is the latest good news for OMG, which last month saw its largest agency, OMD Worldwide, take Media Network of the Year honors at the Cannes Lions festival; while PHD was awarded the $500 million Restaurant Brands International (RBI) business, which includes the Burger King, Popeyes and Tim Horton’s chains.About Omnicom Media Group Omnicom Media Group (OMG) is the media services division of Omnicom Group Inc. (NYSE: OMC), a leading global marketing and corporate communications company, providing services to more than 5,000 clients in more than 70 countries. Omnicom Media Group includes full- service media agencies OMD, PHD and Hearts & Science as well as the Annalect data and analytics division that develops and manages Omni, the open operating system that orchestrates better outcomes for clients across all Omnicom agencies. SOURCE OMD