Omnicom Reports Second Quarter 2010 Results

NEW YORK, July 20, 2010 /PRNewswire via COMTEX/ --

Omnicom Group Inc. (NYSE: OMC) today announced that its net income for the second quarter of 2010 increased 4.2% to $243.3 million from $233.4 million in the second quarter of 2009. Omnicom's diluted net income per common share in the second quarter of 2010 increased 5.3% to $0.79 per share from $0.75 per share in the second quarter of 2009.

 

Worldwide revenue increased 5.9% to $3,041.2 million from $2,870.7 million in the second quarter of 2009. Domestic revenue for the second quarter of 2010 increased 7.4% to $1,636.9 million compared to $1,524.5 million in the second quarter of 2009. International revenue increased 4.3% to $1,404.3 million compared to $1,346.2 million in the second quarter of 2009.

Omnicom's net income for the six months ended June 30, 2010 increased 2.2% to $406.7 million from $397.9 million in the same period in 2009. Omnicom's diluted net income per common share for the six months ended June 30, 2010 increased 2.4% to $1.30 per share in 2010 from $1.27 per share in the same period in 2009.

Worldwide revenue for the six months ended June 30, 2010 increased 6.1% to $5,961.2 million from $5,617.3 million in the same period in 2009. Domestic revenue for the six months ended June 30, 2010 increased 5.7% to $3,229.7 million from $3,056.7 million in the same period in 2009. International revenue for the six months ended June 30, 2010 increased 6.7% to $2,731.5 million from $2,560.6 million in the same period in 2009.

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,             2010      2009
    ---------------------------             ----      ----

    Revenue                             $3,041.2  $2,870.7

    Operating expenses                   2,625.8   2,472.6
                                         -------   -------

    Operating income                       415.4     398.1

    Net interest expense                    23.7      21.9
                                            ----      ----

    Income before income taxes             391.7     376.2

    Income tax expense                     133.2     129.7

    Income from equity method
     investments                            10.3       7.3
                                            ----       ---

    Net Income                             268.8     253.8

    Less: Net income attributed to
     noncontrolling interests               25.5      20.4
                                            ----      ----

    Net Income  -  Omnicom Group Inc.     $243.3    $233.4
                                          ======    ======

    Net Income per common share  -
     Omnicom Group Inc.
      Basic                                $0.80     $0.75
      Diluted                              $0.79     $0.75

    Weighted average shares (in
     millions)
      Basic                                302.3     308.1
      Diluted                              307.0     308.6

    Dividend declared per common share     $0.20     $0.15


    Omnicom Group Inc.
    (Unaudited)
    (Dollars in Millions, Except Per Share Data)

    Six Months Ended June 30,                2010      2009
    -------------------------                ----      ----

    Revenue                              $5,961.2  $5,617.3

    Operating expenses                    5,254.8   4,936.8
                                          -------   -------

    Operating income                        706.4     680.5

    Net interest expense                     47.8      43.3
                                             ----      ----

    Income before income taxes              658.6     637.2

    Income tax expense                      223.9     218.4

    Income from equity method
     investments                             15.0      13.2
                                             ----      ----

    Net Income                              449.7     432.0

    Less: Net income attributed to
     noncontrolling interests                43.0      34.1
                                             ----      ----

    Net Income  -  Omnicom Group Inc.      $406.7    $397.9
                                           ======    ======

    Net Income per common share  -
     Omnicom Group Inc.
      Basic                                 $1.32     $1.28
      Diluted                               $1.30     $1.27

    Weighted average shares (in
     millions)
      Basic                                 304.3     307.8
      Diluted                               308.7     308.5

    Dividend declared per common share      $0.40     $0.30


SOURCE Omnicom Group Inc.

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