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$OMC 1Q15 10-Q: At March 31, 2015, total current assets were $9.9Bil vs. $11.19Bil at Dec. 31, 2014. At March 31, 2015, total current liabilities were $11.02Bil vs. $12.06Bil at Dec. 31, 2014. At March 31, 2015, Goodwill was $8.64Bil vs. $8.82Bil at Dec. 31, 2014.
Corporate communications company $OMC said Mark Mulhern has been named CEO of its subsidiary We are Unlimited, effective January 8, 2018. Mulhern succeeds Brian Nienhaus, who will be taking up a new role within OMC later. Mulhern, who currently holds a senior position at iCrossing, had earlier served BBDO as EVP and JWT as Business Director.
$OMC reported a rise in 3Q17 earnings driven by lower operating expenses. Net income rose to $263.6MM or $1.13 per share from $253.8MM or $1.06 per share last year. Revenue dropped to $3.72Bil from $3.79Bil, due to a decline in acquisition revenue.
$OMC BoD declared a quarterly cash dividend of $0.60 per common share, or $2.40 per share of common stock on an annual basis, representing a 9.1% increase when compared to the prior quarterly dividend. The dividend is payable on January 2018 of record as of December 2017.
$OMC said that its group agency OMD Worldwide named John Osborn as CEO of its US operations effective immediately and will be headquartered in New York. Osborn succeeds Monica Karo, who is moving up to a global role as Chief Client Officer of OMD Worldwide.
The DAS Group of Companies, a division of $OMC, announced the broadening of its Customer Relationship Management (CRM) and digital offering through its Omnicom Precision Marketing Group. Luke Taylor has been appointed to serve as CEO of the group, with immediate effect. Taylor will report to Dale Adams, Chairman and CEO, the DAS Group of Companies.
$OMC has selected $T to deploy a universal network solution that will deliver increased efficiencies and an added level of security for the company and its clients. $T will help $OMC agencies stay better connected, collaborating and delivering the latest innovations on behalf of their clients with the added benefit of cost savings.
Corporate communications firm $OMC has named Gracia Martore an independent director, effective immediately. The appointment of Martore, who retired as President and CEO of $TGNA recently, expands the BoD to 13 directors. Currently, she serves on the BoD of The Associated Press, FM Global, United Rentals and WestRock Company.
$OMC company TBWA said its subsidiary MFG has appointed Julia Porter Plowman as Managing Director. Most recently, Plowman served Wieden Kennedy Global Group as Account Director. Earlier, she worked as COO of non-profit entity World Pulse and as Managing Director of social innovation design startup Context Partners.
$OMC unit TBWA Worldwide has promoted Philip Brett to the post of COO. Ian Pearman, CEO of AMVBBDO, has been appointed the President of TBWA Asia, the post held by Brett before the promotion. Brett will remain in Singapore until autumn to ensure a smooth transition, before returning to London.
$OMC said that it disposed the print media business in early April, which focused mainly on the U.S. The rest of dispositions occurred both in the U.S. and outside the U.S. Going forward, $OMC expects dispositions to benefit overall organic growth and it doesn't anticipate a significant increase in the profile in the immediate term.
$OMC reported a rise in 1Q17 earnings driven by an increase in revenue from organic growth as well as higher revenue. Net income rose to $262.4MM or $1.02 per share from $236.3MM or $0.90 per share last year. Revenue grew to $3.59Bil from $3.5Bil. Excluding benefit from adoption of ASU 2016-19, EPS increased 7.8% to $0.97.
Marketing and communications holding company $OMC reported 5.6% rise in its 4Q16 earnings. The company's net income rose to $350.3MM from $331.6MM in 4Q15. EPS during the quarter rose 8.9% to $1.47 per share versus $1.35 per share during 4Q15. Worldwide revenue rose 2.1% YoY to $4.24Bil.