NEW YORK, April 24 /PRNewswire-FirstCall/ -- Omnicom Group Inc.
(NYSE: OMC) today announced that net income for the first quarter of 2007
increased 10.4% to $183.0 million from $165.7 million in the first quarter of
2006. Diluted earnings per share in the first quarter of 2007 increased 17.2%
to $1.09 per share from $0.93 per share in the first quarter of 2006.
Worldwide revenue increased 10.8% to $2,840.6 million from $2,562.9
million in the first quarter of 2006. Domestic revenue for the first quarter
of 2007 increased 7.7% to $1,543.9 million compared to $1,433.0 million in the
first quarter of 2006. International revenue increased 14.8% to $1,296.7
million compared to $1,129.9 million in the first quarter of 2006.
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 first quarter earnings
conference call, go to www.omnicomgroup.com/InvestorRelations.
Omnicom Group Inc.
(In Millions of Dollars, Except Per Share Data)
Three Months Ended March 31, 2007 2006(1)
Revenue $2,840.6 $2,562.9
Operating expenses 2,525.1 2,278.5
Operating profit 315.5 284.4
Net interest expense 18.3 15.1
Income before income taxes 297.2 269.3
Income taxes 100.5 90.9
Income after income taxes 196.7 178.4
Equity in earnings of affiliates 5.2 4.9
Minority interests (18.9) (17.6)
Net income $183.0 $165.7
Net income per common share
Basic $1.11 $0.94
Diluted $1.09 $0.93
Weighted average shares (in millions)
Basic 165.6 176.7
Diluted 167.8 177.8
Dividend declared per share $0.25 $0.25
(1) Included in operating profit and net income for the quarter
March 31, 2006 is a benefit of $3.6 million and $2.0 million
respectively, resulting from the cumulative effect of the adoption of
SFAS 123(R) and the requirement to provide an estimate for
forfeitures on all unvested stock-based compensation awards, as of
January 1, 2006.
Omnicom Group Inc.
Randall Weisenburger, +1-212-415-3393, for Omnicom Group Inc.
Katie Beaule [email protected]