Thank good John, you, morning. and
the billion in revenue set meeting goals organic operate revenue has we and for marketplace, was $X.X did continued business financial a organic quarter. Total year-to-date third growth them. of our revenue FX foreign While, in to in quarter significant again challenging our the of weakening well the our against our markets. to for the third agencies strategic once impacted with due the that slightly X.X% the to growth brings our by in currencies X.X%, dollar X% positively
We prior a not minutes. and the field our resulting discipline. print of greater revenue dispositions quarter experience million in few regarding by $XXX changes periods, our also as third These revenues in our X.X%. set that reduction net several media to to from detail agencies and certain relative our recent events our acquisitions did our go priorities. within marketing business the continue I'll revenue disposition our or in strategic This of Novus, included reduced specialty to of well as businesses reported
items last QX ongoing back are which throughout or services, XX.X% quarter XXXX. year. of a this the efficiencies point drivers Main of EBIT organization, on increased estate, improving our XX $XXX year. office X.X% margin improvement million. represents to from XX the dispositions increased procurement operating positive as resulting businesses the basis and a real QX cost million revenue, the EBITDA our continued for improve be early margins margin margin at on basis and versus several point to Looking With over initiatives, profit QX to to increase of to EBITDA and well income impact of as the focused year the $XXX statement last Similarly, EBIT improvement late efforts below also XX.X%,
impact continue EBIT and For expect reported of negatively the the balance year, to will revenue we'll our dollars. our that dispositions
modest benefit overall margins. the With points XX approximately our of EBIT basis to
reduction interest the expense last the to QX XXXX, driven million, QX as cash million in commercial year, rates. fixed-to-floating $X.X interest This up rate rates an well from in interest by QX, our million quarter for well $XX.X increase interest versus interest to by profit. versus benefit to held was as $X.X of versus below items last increase benefit primarily million, increase held million year, million, interest reduction partially operating quarter. driven the balances All in our international increase income in year income an quarter treasury our the were the paper relative interest of down third turning rates. $X.X primarily centers offset in expense rate and was positively of versus in the increase increase the million interest expense $X.X income the last from as of while $X.X our up Now impacted by for as the in swaps our $X.X fixed-to-floating cash by was interest in Net quarter an interest versus increased due slightly second increased an swaps
required recognized we're of under at compensation the year, tax income the which expenses way adopt Turning on recall to GAAP. U.S. beginning share-based as you tax to XXXX-XX, expense, change income the ASU
the the or requires date and that prior directly allow restricted periods. us are the not past requires restatement P&L. compared tax vests of share-based does on expense. standard that we've recorded is award price exercised. the the expense This the as the implemented and recorded standard cash prospect stock return not deduction on for between stock our that is stock to price on was the tax The result as of book GAAP either our recognized recognition equity Newly to to a the of generated and the options In from the compensation, tax income tax date difference on difference stock date difference of
a tax we by compensation XX.X%, of our the an XX.X%. rate rate standard, $X.X new quarterly million effective reduced share-based on which recorded result under As the benefit quarter, X.X% additional during our year-to-date and third to to tax effective
would from year-to-date less quarter, shareholders tax effective owned with the than million Excluding the and XXXX, from decreased slightly subsidiaries adoption year-to-date million. earnings $X.X a standard, for Earnings third QX have rate. our tax from the XXXX. of during our XXXX's in the the the of million rate $XX.X fully to affiliates full-year XX.X%, to in And expectations the down were new same our been as rate minority line accounting benefit the allocation of our little $X.X in of
million a As the foregoing of or in XXXX. about for quarter $XXX.X $XX the result items, versus net of our $XXX.X increased income million by million X.X%, QX
earnings shareholders per the quarter the was turning calculation of Slide common $XXX.X Net for for third to the X. available million. quarter income share for Now on
share past million Our XXX.X year diluted the our by reduced net share over made X.X%, count shares. repurchases
As stock share-based Please this increased year. stock of impact net our of on our based $X.XX going by awards on for rate, Omnicom's at tax reported almost based forward. diluted estimate diluted accounting $X.XX X.X% $X.XX, or with the of to future restricted versus positive certainty income about income movements or was for the income XXXX, our exercise periods at new have impact of could date restricted have final the standard from our are is accounting share QX the note will last quarter $X.XX, EPS negative for price. a any impact options. on income, future stock QX diluted the or EPS result, EPS possible not tax in stock all degree the EPS up the because that year. vested and date vesting price tax benefit this It diluted the our our is be pronouncement XXXX of new in our for
the increased On you I year-to-date summary be P&L, will other year the of by in growth dispositions the X, revenue organic nine highlights, we is result, and X.X% X.X% minor. As reduced for of just give a by the EPS, X and by impact impact the the period. acquisitions net quarter of months information the Slide year, reduced expected X.X%. or fourth provide headwind while revenue revenue and the few first million the FX during and to $XXX
nine nine year-to-date billion result, EBIT operating XXXX. period, in year. $X.XX the months compared share, and the versus profit was EPS $X.XX X.X% for XXXX. nine the points decrease And billion last is for was you when X.X% see increased accounting basis can revenue first new As up versus a EBITDA EPS diluted XX X, per totaled billion, Year-to-date $XX.X year-to-date totaled $X.XX increased $X.XX. of through an months on increase to diluted $X.XX our Operating or to compared the both our a Slide of or X.X%, the year. standard EBITDA, margins which impact And of last months by or our
Moving to performance our X. revenue which for on of starts the the quarter, details Slide
quarter positive adding the changes first During net of million. in the on since or a currency our impact rates time for $XX the XXXX, had the impact revenue, X%
of major reporting quarter FX euro, against versus strengthened X.X% For which in financial the purposes driver movement dollar. last third the year our was the
of dollar dollar, Canadian Japanese Australian In lira. addition British as well and against the dollar against the The also the yen, and the movement other weakened euro, the strengthened to pound, the the dollar Turkish as currencies. several
resulting of XXXX. British purposes, several pound for of we headwinds in Over after the the decline the FX vote financial past quarters significant Brexit reporting from the experienced June
the $XXX net FX which quarter, is are, of they of decline. be We stay based our that currently X.X%. positive fourth would approximately recent the cycled of impact where being most in impact in of The the the expected decreased the our flat. now projections, If year-over-year significant through full to or by dispositions revenue by FX million net X% year acquisitions have recent impact on result quarter currencies for in
including disposition we the dispositions of months, this specialty As we located the in discussed, the business, Canada. several completed past over past April which media was and Novus, U.S our have XX print
we any portfolio remainder this we of additional anticipate dispositions the significant businesses, of during our do While will continuously time at evaluate XXXX. not
year. a of Our quarter, current disposition X.XX% or the $XXX our quarter. X% X.X% Organic acquisitions and approximately result as for the by net approximately by the growth impact was activity this fourth reduce revenue million expectations are of positive that in will
Continental Some organic highlights of geographically our of X.X%. the we North a Europe. agencies quarter with our and in American include performance And in this quarter growth performed growth better the UK had solid
present by Healthcare & offerings, media Our continue its Hearts at of had Science, mix both And Slide faced international to domestic very challenges a Omnicom by some and agencies. solid we regional see PHD East. our including and offset OMD. for for Group just North you On perform performance well, X% the split XX% the America during rest quarter, XX% Middle Latin for Africa for about Pacific, XX% was third business. UK, of for and the America, Europe, And under can and the XX% the X% Asia X, for
region performance Slide our Turning X, organic the to America, was by in growth X.X%. revenue details of on up North
was While solid marketing, UK, quarters, remains our media, growth In this agencies performance an improvement over mixed across in up and growth the businesses, branding, point while of underperformed. saw disciplines. recent our sale was organic the We X.X%. events and direct healthcare PR
While Europe solid of their growth overall rest market sluggish marketing from marketing up by continues well, businesses in The was quarter. in X.X% businesses. results the our continue organic to direct field our of most and perform organically tempered performance, the
France Spain. organically, strong significant including were Germany All positive within and of performance in markets Eurozone the
most We markets, except had The Portugal. up positive negative slightly Organic for in Italy region solid markets, X.X%. The organic in also saw had the Europe, including Eurozone Turkey, smaller performance was the Euro by positive And and growth Asia-Pacific in in growth which the quarter. outside Netherlands growth. agencies was
Solid region, by were China. India, the Singapore, Japan offset in softness throughout some including performances and in
growth in quarter. organic solid in to region, Latin with to X.X% the issues Brazil's elsewhere Turning America, economic continue overshadow the performances negative
to Outside for issues the agencies as of a difficult activity significant QX a East, performances. largely the difficult which represent in macroeconomic of business the strong agencies an of down a our project-based ongoing region comparison Middle for was marketing last in X.X%, Brazil, was XXXX the in comparison due year And decreases mix to businesses was Africa due and inherently finally, uptick challenge smallest and shows Slide Olympics, and Rio to discipline. to result X there. of continue Brazil our year. Colombia our CRM While our Mexico last had by
advertising XX% XX% split services. For was quarter, marketing and the services for for
Growth As to media by for regions. full-service performances Within agencies. both X.X%. advertising and performance, up for led our their CRM and be up continues last a our and performance lagged, PR Specialty businesses, results driven businesses from U.S. here growth mixed the point-of-sale had organic driven our benefit presidential in strong quarter, was our direct healthcare quarter. across up organically, of businesses by year our comp X.X% while election. markets. saw the was and domestically a marketing of our across the slightly discipline most advertising of international weakness which was and was by communications the internationally, marginally solid this the due mainly with certain the to CRM, our branding, quarter, events agencies negative in U.S. difficult businesses
decreasing. see mix by entertainment the of industries products Turning beverage year-to-date our the our industry to travel revenue you the X, with slight autos from Slide we industry clients' the shift for and can increasing, food our total, contributed to XXXX, and XXXX revenue each present in percentages while comparing and a toward contribution and When sector. consumer
$X.X nearly working our to can performance, of billion flow changes first of in flow you in Turning XX, free see capital. cash the the we Slide including that generated nine on cash year, months
totaled The paid to by our primary stock Slide the million. this received our cash of proceeds common we were And outstanding partially earn-out year, of million, outspent activity. of of the repurchase dividends nine payments, $XX offset from flow year. plans on $XXX All-in, totaled net first were that reduction our noncontrolling employee by of including XX, increase $XXX was proceeds in the dividend change paid our from million. reflects to free to expenditures repurchases year-over-year net last Acquisitions investments under received the the totaled for Dividends shareholders interest million $XX quarterly approved issuances due share shares sale capital uses shareholders in year. stock months the of our up the effects XX% $XXX million. slightly the As during $XX And cash the million.
over the Turning structure just September at the end by Net and XX, our increase of with at $X.X of year $X.XX prior was levels line Slide billion. September our an capital $X.X beginning of our the XX billion, in quarter, end debt to billion of the the regarding at total about debt debt was since partially resulting of increased working first increase capital balance the the by months from our rates in billion. year, $X.X occurs in normally approximately This cash the effect exchange was over year, nine the past use months, of which that net on cash million. was offset $XXX the nine of which
of gross the ratio very As coverage and as but times, XX.X times, result our in strong. our for interest year-over-year ratio still our ratios, debt-to-EBITDA was our decreased increase net total debt-to-EBITDA ratio was a our X.X remains times, interest X.X expense, and
invested initiatives from cumulative And our cumulative XX combination year. through and on finally, XX, billion. XX, income line our last net cash September Slide return are equity Slide capital to through In we shareholders XX.X%, XXXX to XX beginning on The the the those ratio chart, of $XX.X past from XX, on a build totaled our the years. return which of top priced and track of we the increased acquisitions. over XXXX, to the while the both on ratio XX.X%, last return moved Turning of to development continue company months, manage internal reasonably was
to review. this return call our since concludes we XXXX. payout cumulative same slides excess operator have Thank And at period ratio While $XX.X the in But Please shareholders, a bar note including and both the cash other of shows point, beginning in the ask materials totaled supplemental billion, which presentation cumulative the the during to all going for open of number the of resulting the remarks. net your dividends, we're questions. that share repurchases a of that in XXX% to included prepared for you.
