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Sep 30, 2024
Omnicom Q3 2024 Earnings Report
Omnicom reported strong Q3 2024 results driven by organic revenue growth and strategic investments.
Key Takeaways
Omnicom reported a strong third quarter in 2024, with revenue reaching $3.9 billion and organic growth of 6.5%. Net income was $385.9 million, and diluted earnings per share were $1.95. The company benefited from new business wins and strategic investments in talent and technology.
Revenue reached $3.9 billion with 6.5% organic growth.
Net income was reported at $385.9 million.
Diluted earnings per share (EPS) were $1.95, with non-GAAP adjusted EPS at $2.03.
Operating income amounted to $600.1 million with an EBITA of $622.3 million.
Omnicom
Omnicom
Forward Guidance
Omnicom anticipates finishing the year with strong momentum, driven by exceptional new business wins and exciting new client work.
Positive Outlook
- Strong organic revenue growth.
- Improved cash flow.
- Disciplined capital allocation.
- Exceptional new business wins.
- Exciting new work for clients.
Challenges Ahead
- Current global economic disruptions.
- Geopolitical events and international hostilities.
- High and sustained inflation in major markets.
- High interest rates.
- Labor and supply chain issues.