Omnicom reports Q1 EPS $1.56, consensus $1.39

Reports Q1 revenue $3.44B, consensus $3.38B. "Our business grew organic revenue by 5.2% in the first quarter, a solid start to the year," said John Wren, Chairman and CEO of Omnicom Group. "Despite many macroeconomic, technological and social factors facing our clients, Omnicom is guiding the world’s top companies and their brands to continued growth with highly-specialized marketing and communications services driven by leading analytics, creativity, data, and digital media solutions." Wren added, "We took operational steps this quarter and have further plans in place to mitigate the impact of potential macro headwinds on our profitability, while continuing to deliver attractive returns. As we look ahead in 2023, we expect organic growth, portfolio enhancement, financial discipline, and thoughtful capital allocation to continue to benefit our clients and our shareholders."