2024-04-16 20:21:10 ET
Omnicom Group Inc. (OMC)
Q1 2024 Earnings Conference Call
April 16, 2024, 04:30 PM ET
Company Participants
Gregory Lundberg - SVP, IR
John Wren - Chairman & CEO
Philip Angelastro - EVP & CFO
Paolo Yuvienco - EVP & Chief Technology Officer
Conference Call Participants
Cameron McVeigh - Morgan Stanley
Adam Berlin - UBS
David Karnovsky - JPMorgan
Tim Nollen - Macquarie
Steven Cahall - Wells Fargo Securities
Michael Nathanson - MoffettNathanson
Craig Huber - Huber Research Partners
Presentation
Operator
Good afternoon, and welcome to the Omnicom First Quarter 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.
At this time, I'd like to introduce you your host for today's conference, Senior Vice President of Investor Relations, Gregory Lundberg. Please go ahead.
Gregory Lundberg
Thank you for joining our first quarter 2024 earnings call. With me today are John Wren, Chairman and Chief Executive Officer, and Phil Angelastro, Executive Vice President and Chief Financial Officer. On our website, omnicomgroup.com, you'll find a press release and a presentation covering the information we'll review today. An archived webcast will be available when today's call concludes.
Before we start, I'd like to remind everyone to read the forward-looking statements and non-GAAP financial and other information that we've included at the end of our investor presentation. Certain of the statements made today may constitute forward-looking statements, and these statements are our present expectations. Relevant factors that could cause actual results to differ materially are listed in our earnings materials and in our SEC filings, including our 2023 Form 10-K.
During the course of today's call, we will also discuss certain non-GAAP measures. You can find the reconciliation of these to the nearest comparable GAAP measures in the presentation materials. We will begin the call with an overview of our business from John, then Phil will review our financial results for the quarter. And after our prepared remarks, we will open up the line for your questions.
And I'll now hand the call over to John.
John Wren
Thank you, Greg. Good afternoon, and thank you for joining us today on our first quarter 2024 results. I'm pleased to report that we're off to a solid start to the year. Organic growth in the first quarter was 4% with strong growth in our advertising and media, and precision marketing disciplines. EBITA margin, which excludes amortization of acquired and strategic platform intangibles, was 13.8% for the quarter, and operating margin was 13.2%....
Read the full article on Seeking Alpha
For further details see:
Omnicom Group Inc. (OMC) Q1 2024 Earnings Call Transcript