John. Thanks,
is our current the said, John environment. macroeconomic As despite of business challenges the solid,
up we call quarter and detail. for go Before our let's third more results answers, questions through open the in
increased Reported Starting X.X% by with X.X% margin increased was $XXX.X X. and related the the XX.X%. to the summary Reported million. second and by X.X%. revenue was Slide income organic quarter statement growth operating income for on
of interest the Due QX, XXXX. the million to an compared expect quarter, was lower Net net part income third we investments. that expense to prior experience million will cash a similar the in interest of short-term increase. $XX.X $X.X on year, quarter compared for and increase expense interest to
rate tax This was income estimate compensation. than the in reported is tax from vesting resulting lower to Our reduction XX%. due a our July of share-based XX% expense from
tax repurchases. QX per will resulting outstanding up by For we income by X.X%, net in XX%. the Reported lower income driven earnings quarter, shares net our share fourth and rate both and increased X% diluted higher by estimate be from share was
Slide X. Let's turn on to revenue
the X.X%. increasing impact the The currency reported foreign was translation growth organic X.X%. reversed course in third by from mentioned, in revenue quarter As third quarter,
currency of disposition impact impact approximately If rates our negative primarily of they are stay benefit of and we QX for translation reduction X.X%, estimate businesses. the a be for the acquisition will year. X.X% currently, where research approximately QX and revenue X.X% The of the foreign of reflecting in a was sale
revenue XX a that for in disposition the result basis expect and the increase reported expect reduction recent points We and quarter the fourth year. acquisition of will in next acquisitions an
level agencies year-end X.X% be will still fourth for in discussed, John with growth our capturing the X%. of work marketing outlook factors that successfully the the incremental uncertainty and As Which about stretch spend a quarter. unchanged of at expect remains year our project some target in organic we
growth organic review Slide Now let's turn to to discipline. our X revenue by
X.X% advertising the year, strongest During continued quarter, strength globally. and our growth, by in its media driven posted business this media
and we QX XX.X% clients Precision 'XX, quarter. that to that comparison a the challenging their solid of last telecom certain discussed the performance Marketing experienced growth technology grew X.X%, in given backdrop of the and
Brandon offset the grew reductions East. and led negative and growth the in at by U.S. Commerce the agencies. by marketing Middle which X.X%, X.X%, Europe shopper Asia, driven U.K., and declined by our Experiential
comps Execution and and against X.X% down business. in support growth X.X%, relations to delivered our we reflecting due QX primarily the of declines XX.X% Public was declined XXXX. in merchandising difficult
Approximately half project reduction cycle. the of the was of due connected the the to quarter. relates to election slowing in balance spend less And XXXX to revenue the
the reduction cycle We expect related benefit a in a QX of election similar the QX from compared to in XXXX. in to revenue headwind
health X.X%, good grew several momentum Finally, care clients. large with at
a saw as our grew well offset which and of XX.X% the to caused experiential. in East Middle QX growth cyclicality Slide Africa, as by by Canada in in in X. We decline XXXX Turning across and part the decline a regions, larger by
automotive. by year-to-date reduction, revenue had And higher technology, food beverage the X. although categories, compared expected, weight lower third as telecom. quarter X a sector relative and at on larger the and to a and year, last industry in of our Looking in in smaller, Slide relative we of weights
repositioning down of actions let's Salary-related you global progress as good service employee revenue percentage driven to through by year-over-year, our on were a in where Slide see changes Now mix. X, can our our year-over-year. and expenses turn costs
the include we with These service our part on in Third-party third-party them. connection costs principal clients. offering services providing act we as growth to service to in of our in our integral revenues. They're supplier an and clients, our generate when profit increased costs costs
increase that our costs profit. directly a and costs an due at bill increased Third-party out-of-pocket to incidental travel client-related in declines costs incidental no at
real quarter and levels in increase in-office helped the in by were offset higher of reductions costs in our Occupancy portfolio operating rent of work Productions estate partially first expenses expense by other from XXXX. were an and globally.
the primarily fees recently due acquisitions were to professional completed. SG&A up bit, a expenses to higher we related
QX was on in quarter up related and in a margin from down third reported the X.X% XXXX. to the XX.X% slightly X. Turning Operating Slide expected as was income basis, XX.X%, of
between adjusted For here XX.X% basis, the remain X, operating year-to-date year, expected X-month Slide in the XX.X%. XX.X% as margin and to with comfortable was full margin income a range On of presented XXXX. compared non-GAAP operating on we XX%
in EBITDA XXXX. down compared year-to-date of Our basis, to non-GAAP XX.X% was quarter XX.X%, adjusted our was margin X-month in the in EBITDA QX from slightly our XX.X% also third XXXX. XX.X% On margin and
by flow the of define $X.X cash of year. XX cash net as operating the year. XXXX working of capital. months was performance cash quarter from for last billion, our Slide in free provided first excluding the We is X.X% Free third flow cash changes X increase flow activities an for
to changes capital usually expect to be close to as for flat the continue is. it in We year working
of $XX noncontrolling $XXX uses shareholders. interest used million to And million dividends we dividends to cash, to for shareholders. our another cash Regarding of common pay
expenditures million, capital to similar Our last $XX year. were
from proceeds $XXX the in year-to-date. first of Most activity of stock Total our of repurchase took year. plans million acquisition were net place the this million payments half $XXX was stock and
credit, exchange third than book translations. of the Slide the outstanding was other XX quarter is $X.X There no liquidity our outstanding a At debt billion. the were end maturities. during the and our foreign balances of quarter XXXX, of of debt summary changes in value
U.S. backstops short-term billion billion investments and paper $X.X program equivalents $X.X cash our Our remains and commercial revolving facility, undrawn, $X billion. were credit which our
of XXXX. November until Our next not debt maturity is
despite our Slide of organic environment These returns to clears. presents growth performance pleased year-to-date the invested financial be XX future. XX, XXXX. XX% closing, ended excellent health for an continue return the business. indicator macro and well months for metrics of of X our important positioned return we XX growth the X%. a was environment, September when was historical Omnicom our capital caution on results are in and on with very and conservative our structure on metrics XX%. In capital our strong believe the macro we're and challenging We the equity
answers. for the Thank open please Operator, lines you. and questions up
