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Omnicom Earnings Preview: Strong Foundations, Slowing Momentum
Seeking Alpha· 2024-10-02 17:00
Omnicom Group Inc. (NYSE: OMC ) is a giant in the world of marketing, spanning over 100 countries, with a portfolio that's as sharp as the campaigns it creates. My analysis argues that while Omnicom's foundation is solid—bolstered by strong stock The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offerin ...
Omnicom Acquires LeapPoint, Creating Leading End-to-End Content Supply Chain Solution
Prnewswire· 2024-09-27 12:30
NEW YORK, Sept. 27, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) today announced its precision marketing division, Omnicom Precision Marketing Group (OPMG), acquired LeapPoint, a digital advisory firm focused on helping organizations improve the orchestration and performance of their entire marketing lifecycle. The move is part of OPMG's strategic efforts to offer the industry's most comprehensive end-to-end content solution, empowering marketers to accelerate workflows and deliver personalized experiences to t ...
FRESH OFF ITS Q3 AMAZON WIN, OMNICOM MEDIA GROUP TOPS COMVERGENCE H1 REPORT WITH $5.3 BILLION IN TOTAL NEW BUSINESS WINS
Prnewswire· 2024-09-24 10:00
OMG agencies PHD and OMD Leverage Agency as a Platform Model to Earn #1 and #2 Ranking Among Global Media Networks NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC) and parent company to the OMD, PHD and Hearts & Science global media agency networks, had the best total new business record (wins minus losses, including retentions) among global media management groups for the first half of 2024. View PDFOmnicom Media Group had the best H1 to ...
Omnicom Launches Omnicom Advertising Group (OAG) to Power the Next Generation of Creativity
Prnewswire· 2024-08-27 13:20
OAG aligns BBDO, DDB, TBWA and the Advertising Collective under one leadership Accelerates investments in innovative tools, technologies, and AI platforms TBWA CEO, Troy Ruhanen, is elevated to Global CEO, OAG NEW YORK, Aug. 27, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) today announced the formation of Omnicom Advertising Group (OAG), a new global organization aligning world-class creative networks BBDO, DDB, TBWA, as well as leading agencies within the Advertising Collective including Goodby Silverstein & P ...
FleishmanHillard's J.J. Carter Named President and CEO; John Saunders to Become Chairman
Prnewswire· 2024-08-20 14:45
Leadership Transition Will Take Effect on Oct. 1, 2024 NEW YORK, Aug. 20, 2024 /PRNewswire/ -- FleishmanHillard Inc., an Omnicom PR Group (OPRG) agency, today announced that its current Global Chief Operating Officer and President, Americas J.J. Carter will become President and Chief Executive Officer, effective Oct. 1, 2024. He succeeds John Saunders, who will take on the role of Chairman of FleishmanHillard. Carter, 49, was named the agency's global chief operating officer and Americas president in 2016. ...
Omnicom (OMC) Up 3.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-08-15 16:30
Core Viewpoint - Omnicom Group Inc. reported strong second-quarter 2024 results, with earnings and revenues exceeding estimates, indicating positive momentum leading up to the next earnings release [2][8]. Financial Performance - Earnings per share were $1.95, surpassing the consensus estimate by 3.7% and reflecting a year-over-year increase of 7.7% [2]. - Total revenues reached $3.9 billion, exceeding the consensus estimate by 1.1% and showing a year-over-year growth of 6.8% [2]. Revenue Drivers - Revenue growth was driven by a 5.2% increase from organic growth and a 2.6% rise in acquisition revenues, primarily from the Flywheel Digital acquisition in the Precision Marketing segment [3]. - Advertising & Media revenues increased by 7.8% year over year, while Precision Marketing revenues grew by 1.4%, and Experiential revenues improved by 17.6% [4]. - Public Relations revenues saw a marginal increase, Healthcare revenues rose by 2%, Branding & Retail Commerce revenues declined by 3.8%, and Execution and Support revenues increased by 1.2% [5]. Regional Performance - Year-over-year organic revenue growth was 6.3% in the United States, 6.9% in the U.K., 4.5% in Euro Markets & Other Europe, 24.5% in Latin America, while there was a decline in the Asia Pacific and an 8.3% drop in Other North America [6]. Margin Analysis - EBITA for the quarter was $531.8 million, down 6% year over year, with an EBITA margin of 13.8%, a decline of 190 basis points [7]. - Operating profit was $510.3 million, decreasing 7.4% year over year, with an operating margin of 13.2%, down 210 basis points [7]. Market Sentiment - There has been an upward trend in estimates revision over the past month, indicating positive investor sentiment [8]. - Omnicom has a poor Growth Score of F, but a better Momentum Score of C, and a value grade of B, placing it in the top 40% for this investment strategy [9]. - The overall VGM Score for the stock is C, suggesting a balanced interest across different investment strategies [9].
ANDREW ROBERTSON TO BECOME CHAIRMAN OF BBDO WORLDWIDE
Prnewswire· 2024-08-14 21:45
Nancy Reyes Appointed President and CEO NEW YORK, Aug. 14, 2024 /PRNewswire/ -- BBDO Worldwide announced today that Andrew Robertson, who has served as President and CEO since May 2004, will become Chairman on October 1st. Nancy Reyes will succeed him as President and CEO of BBDO Worldwide. Under his leadership, the network has been recognized as one of the most consistently creative and effective agencies in the world, garnering numerous industry accolades and setting a standard for creative excellence. BB ...
Omnicom PR Group Taps Matt Stafford as PR Group's President, International
Prnewswire· 2024-08-14 13:38
Stafford will Focus on Key Catalysts for Growth in APAC and EMEA NEW YORK, Aug. 14, 2024 /PRNewswire/ -- Omnicom PR Group (OPRG) today announced the appointment of communications industry veteran, Matt Stafford, to the position of OPRG President, International, effective November 18, 2024. Stafford will be based in Hong Kong and report to OPRG Chief Executive Officer Chris Foster. Stafford will initially be based in Hong Kong and will transition to the UK in 2025. In this OPRG Corporate Role, he will partne ...
VOLKSWAGEN CONFIRMS THE EXTENSION OF THEIR GLOBAL CREATIVE CONTRACT WITH OMNICOM & DDB
Prnewswire· 2024-08-06 17:10
NEW YORK, Aug. 6, 2024 /PRNewswire/ -- The Volkswagen brand has extended their global creative contract with Omnicom's DDB for another three years which has been Volkswagen's creative agency for over six decades. The partnership between Volkswagen and DDB has produced some of the greatest and most effective creative work in history, including DDB's famous "Think Small" and "Lemon" VW Beetle campaigns which launched in 1959. Volkswagen, DDB, and Omnicom continue to partner More recently, DDB and other key Om ...
FleishmanHillard Hires Shameek Bose as Partner and Global Lead, Responsible Business and Global Impact
Prnewswire· 2024-07-31 14:00
"FleishmanHillard is helping guide clients on their transformation journeys as they navigate the complexities of responsible growth, while minimizing risk and achieving both their sustainability goals and long-term value creation," said J.J. Carter, global COO and president, Americas. "Shameek has tremendous experience helping businesses scale while making a positive impact on our world. We're thrilled to be able to bring his talent to our clients." Bose joins FleishmanHillard from Accenture where he helped ...