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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 shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
