earnings
confidence high
sentiment positive
materiality 0.70
Omnicom Q2 organic revenue up 3.4%, EPS $1.82 (+8.3% YoY), within guidance
OMNICOM GROUP INC.
2023-Q2 EPS reported
$2.92
revenue$7,053,200,000
- Revenue $3,609.9M (+1.2% as reported; organic +3.4%); Advertising & Media led with 5.1% organic growth.
- Diluted EPS $1.82 vs $1.68 YoY (+8.3%); non-GAAP adjusted EPS $1.81.
- Operating income margin 15.3% reported; non-GAAP adjusted 15.1% (within 15.0-15.4% guidance).
- Full-year organic growth guidance 3%-5% reaffirmed; $506M net share repurchases YTD.
- Repositioning costs of $72.3M (severance) offset by $78.8M gain on subsidiary disposition.