Third quarter PR revenue at Omincom rose 4.4% to 347.6M over a year earlier, the holding company reported today. This organic growth is good news compared to essentially flat growth in the second quarter of this year.
Overall revenue for the quarter almost reached $3.8B, up 2.3% over the same period of 2015, fueled in part by an increase in revenue from organic growth of 3.2%.
The breakdown in the holding company's four disciplines is as follows:
• Advertising: +3.6%
• CRM: +1.6%
• PR: +4.4%
• Specialty Comms.: +6.2%
Operating income for the quarter rose $24.8M to $453.1M, up 5.8%.
Growth of regional markets:
• North America: +1.7%
• United Kingdom: +5.2%
• Euro Markets & Other Europe: +2.0%
• Asia Pacific: +8.0%
• Latin America: +11.9%
• Middle East & Africa: +15.6%
Diluted net income per common share for the nine months ended September 30, 2016 increased 25 cents, or 8.2%, to $3.31 per share compared to $3.06 per share for the nine months ended September 30, 2015.
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