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Mar 31, 2024

Omnicom Q1 2024 Earnings Report

Reported revenue of $3.6 billion with organic growth of 4.0%, and diluted earnings per share of $1.59.

Key Takeaways

Omnicom reported solid organic revenue growth of 4.0% in Q1 2024, driven by strength in advertising & media and precision marketing. The company's ability to combine marketing and sales solutions led to excellent new business performance and confidence in the future.

Revenue reached $3.6 billion, with organic growth of 4.0%.

Diluted earnings per share (EPS) stood at $1.59, with Non-GAAP adjusted EPS at $1.67.

Operating income was $478.9 million, yielding a 13.2% margin.

EBITA reached $500.4 million, with a 13.8% margin.

Total Revenue
$3.63B
Previous year: $3.44B
+5.4%
EPS
$1.67
Previous year: $1.56
+7.1%
Operating Margin
13.2%
Effective Tax Rate
25.7%
Gross Profit
$564M
Previous year: $490M
+15.2%
Cash and Equivalents
$3.17B
Previous year: $3.26B
-2.7%
Free Cash Flow
-$642M
Previous year: -$545M
+17.7%
Total Assets
$27.3B
Previous year: $25.2B
+8.1%

Omnicom

Omnicom

Forward Guidance

The company did not provide specific forward guidance in this earnings report.