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Omnicom Group today reported a 27.4 percent drop in Q4 net income to $254.4M, following a $106.3M charge for enactment of the “Tax Cuts and Jobs Act.” Excluding the charge, net was up 3.0 percent.
Q4 Revenues slipped 1.5 percent to $4.2B. Organic growth advanced 1.6 percent, sparked by a robust 8.2 percent across Europe.
North American organic growth fell 0.8 percent, while the UK dipped 0.7 percent and Latin America slipped 0.3 percent.
OMC’s PR group (Ketchum, FleishmanHillard, Porter Novelli, Brodeur Partners, Kreab, Cone Communications) showed 1.1 percent growth during the quarter to $362.8M.
The PR units chalked up flat revenues of $1.4B for the full year.
OMC's stock is down eight percent to $76.16 on the earnings news.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
