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Last $67.61 USD
Change Today -0.13 / -0.19%
Volume 317.0K
OMC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:15 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

omnicom group (OMC) Key Developments

Omnicom Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Omnicom Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $3,805.3 million compared to $3,870.9 million a year ago. EBITA was $565.7 million compared to $574.2 million a year ago. Operating income was $538.6 million compared to $548.4 million a year ago. Income before income taxes was $504 million compared to $514.7 million a year ago. Net income available for common shares was $310 million or $1.26 per diluted share compared to $318.9 million or $1.23 per diluted share a year ago. Excluding the income tax benefit of approximately $11 million from the second quarter of 2014, net income for the second quarter of 2015 decreased marginally to $313.9 million compared to $314.0 million in the second quarter of 2014 and diluted net income per common share in the second quarter of 2015 increased 5.9% to $1.26 per share versus $1.19 per share in the second quarter of 2014. Net debt position at the end of the quarter was $3.2 billion. The increase in net debt of about $690 million over the past 12 months was driven primarily by the use of cash in excess of free cash flow of $254 million as well as the negative impact of FX translation on cash balance over the last 12 months of approximately $402 million using period-end spot rates. For the six months, the company reported revenue of $7,274.5 million compared to $7,373 million a year ago. EBITA was $970.8 million compared to $981.3 million a year ago. Operating income was $916.3 million compared to $931.1 million a year ago. Income before income taxes was $847.5 million compared to $858.4 million a year ago. Net income available for common shares was $516.3 million or $2.09 per diluted share compared to $520.3 million or $2.00 per diluted share a year ago. Excluding the income tax benefit of approximately $11 million from the first six months of 2014, net income for the first six months of 2015 increased 0.7% to $523.0 million compared to $519.5 million in the first six months of 2014 and diluted net income per common share for the first six months of 2015 increased 6.6% to $2.09 per share versus $1.96 per share for the first six months of 2014. In the first half of the year, the company generated $757 million of free cash flow, excluding changes in working capital. Capital expenditures were $107 million, up from last year due to an increase in leasehold improvements related to some recent real estate consolidations. And acquisitions, including earnout payments net of the proceeds received from the sale of investments, totaled $65 million.

Omnicom Group Mulls Acquisitions

Omnicom Group Inc. (NYSE:OMC) is seeking acquisitions. John Wren, President and Chief Executive Officer of Omnicom Group, said in Q2 2015 earnings call, “We continue to successfully manage and build the Company through a combination of strategic acquisitions, as well as focused internal development initiatives. We will hopefully increase the number of acquisitions we do."

Omnicom Group Inc. Declares Quarterly Dividend, Payable on October 8, 2015

The Board of Directors of Omnicom Group Inc. declared a quarterly dividend of 50 cents per outstanding share of the corporation's common stock. The dividend is payable on October 8, 2015 to the company's common shareholders of record at the close of business on September 22, 2015.

Omnicom Group Inc. to Report Q2, 2015 Results on Jul 21, 2015

Omnicom Group Inc. announced that they will report Q2, 2015 results at 8:30 AM, Eastern Daylight on Jul 21, 2015

Omnicom Group Inc., Q2 2015 Earnings Call, Jul 21, 2015

Omnicom Group Inc., Q2 2015 Earnings Call, Jul 21, 2015

 

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Industry Analysis

OMC

Industry Average

Valuation OMC Industry Range
Price/Earnings 15.6x
Price/Sales 1.1x
Price/Book 6.2x
Price/Cash Flow 15.0x
TEV/Sales 0.6x
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