NYSE$OMC

Omnicom Group Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Omnicom's financial performance declined due to negative effects of foreign exchange rates, disposition activity, and the emerging COVID-19 pandemic.

Omnicom Group's Q1 2020 results were impacted by foreign exchange rates, disposition activity, and the emerging COVID-19 pandemic, leading to a decrease in revenue and net income. Diluted net income per share increased slightly, while operating profit and EBITA also decreased. The company is taking proactive steps to strengthen its liquidity and financial position.

  • Diluted net income per share increased by 1.7% to $1.19 compared to Q1 2019.
  • Worldwide revenue decreased by 1.8% to $3,406.9 million due to foreign exchange rates, disposition activity, and the COVID-19 pandemic.
  • Organic growth increased by 0.3%, with Healthcare showing strong growth at 9.6%.
  • Operating profit decreased by 2.0% to $420.2 million, with an operating margin of 12.3%.

Headline financials

Total Revenue

$3.41B

Previous: $3.47B-1.8%
EPS (adj)

$1.19

Previous: $1.17+1.7%
Effective Income Tax Rate

26.0%

Previous: 26.8%-3.0%
Ebita Margin

12.9%

Previous: 13.0%-0.8%
Capital Expenditures

-$26.4M

Previous: -$27.2M+2.9%
Free Cash Flow

$232M

Previous: $236M-1.8%
Net Income

$258M

Previous: $263M-1.9%
Operating Income

$420M

Previous: $429M-2.0%
Gross Profit

$564M

Previous: $592M-4.7%
Cash & Equivalents

$2.69B

Previous: $3.45B-21.9%
Total Assets

$23.7B

Previous: $25.2B-6.1%
Stock-Based Comp

$18.7M

Previous: $16.8M+11.3%

Revenue & EPS history

Omnicom · Revenue · Quarterly

$3.41B

Q1 2020-1.8%vs Q1 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Omnicom · $1.22B total across 4 segments · Q4 2021

  • Public Relations
    $369M
  • Healthcare
    $330M
  • Precision Marketing
    $322M
  • Experiential
    $201M

Forward guidance

The COVID-19 pandemic is expected to continue negatively impacting Omnicom's revenue for the remainder of the year. The company is aligning cost structures and tailoring services to changing client demand and has taken proactive steps to strengthen its liquidity and financial position.

Tailwinds

  • The company has no long-term debt maturing until May 2022.

Headwinds

  • The COVID-19 pandemic has significantly impacted the global economy.
  • Public health efforts to mitigate the impact of the pandemic include government actions such as travel restrictions, limitations on public gatherings, shelter in place orders and mandatory closures.
  • These actions have negatively impacted many of our clients’ businesses and in turn clients have reduced or plan to reduce their demand for our services.
  • As a result, we experienced a reduction in our revenue beginning late in the first quarter of 2020, as compared to the same period in 2019, and is expected to continue for the remainder of the year.
  • Such reductions in revenue could adversely impact our ongoing results of operations and financial position and the effects could be material.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.3%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.5%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+16.4%

Q4 2021

Best reaction

-10.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-0.8%-5.5%
Q4 2025+10.8%+17.5%+7.0%
Q3 2025+3.1%+0.6%-4.9%
Q2 2025+1.2%+3.0%+2.4%
Q1 2025-7.3%-6.2%+0.2%
Q4 2024-2.3%-5.0%-2.2%
Q3 2024+2.2%+1.2%+1.7%
Q2 2024-2.4%-2.9%+2.6%
Q1 2024+2.1%+2.3%+6.7%
Q4 2023-2.8%-4.7%+4.4%
Q3 2023-0.9%-2.7%+1.2%
Q2 2023-10.6%-14.7%-19.9%
Q1 2023-3.7%-1.9%-1.6%
Q4 2022+2.0%+0.1%-3.4%
Q3 2022+1.3%+3.9%+12.9%
Q2 2022+7.0%+5.3%+11.8%
Q1 2022+7.4%+0.5%-4.7%
Q4 2021+16.4%+9.5%-0.6%
Q3 2021-2.2%-7.1%-11.4%
Q2 2021-3.5%-5.3%-6.9%
Q1 2021+1.6%+2.4%+4.2%
Q4 2020+0.8%+5.4%+13.9%
Q3 2020-10.1%-7.9%+25.2%
Q2 2020-5.2%-5.8%-3.6%
Q1 2020+12.9%+2.9%+1.5%
Q4 2019+2.4%+1.5%-26.6%
Q3 2019+0.5%+0.3%+4.5%
Q2 2019-3.2%-4.4%-8.2%
Q1 2019+9.0%+7.0%+2.8%
Q4 2018-0.5%+1.5%+2.4%
Q3 2018+8.9%+10.9%+10.4%
Q2 2018-9.6%-12.7%-11.2%
Q1 2018+1.0%-0.4%+0.4%
Q4 2017-4.9%-5.3%-10.6%
Q3 2017+2.1%-0.3%-8.8%
Q2 2017+2.5%-1.5%-4.9%
Q1 2017-3.0%-3.4%-4.4%
Q4 2016-2.8%-2.4%-2.7%
Q3 2016-3.0%-3.7%+5.4%
Q2 2016-2.6%-1.9%-0.8%
Q1 2016-2.2%
Q4 2015+5.4%
Q3 2015+0.8%
Q2 2015-0.5%
Q1 2015-0.0%
Q4 2014-0.2%
Q3 2014-0.5%
Q2 2014+1.3%
Q1 2014-3.8%
Q4 2013-1.8%
Q3 2013+1.0%
Q2 2013-2.1%
Q1 2013-2.1%
Q4 2012+2.4%
Q3 2012-4.9%
Q2 2012+2.3%
Q1 2012+0.5%
Q4 2011+1.3%
Q3 2011+1.8%
Q2 2011+1.0%
Q1 2011+0.6%
Q4 2010+3.7%
Q3 2010+1.3%
Q2 2010-1.3%
Q1 2009+0.3%
Q1 2010-2.6%
Q4 2007+0.5%
Q4 2009+0.5%
Q3 2009-1.3%
Q3 2008-1.3%
Q2 2009+3.2%
Q4 2008+3.2%
Q2 2008+3.2%

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