FTI Consulting's strategic communications revenue fell 6.8% in the fourth quarter of 2013 to $46.9M on weaker business in the EMEA and North America regions.
Across its business units, the West Palm Beach-based consulting group said Q4 revenues climbed 4.2% to $416M, while net loss narrowed to $10.6M from nearly $36M a year earlier.
The quarter was buoyed by economic consulting (+12.9% to $108.1M), forensic and litigation consulting (+18% to $114.7M) and technology (+12.6% to $53.6M) operations.
Corporate finance and restructuring fell 14.5% to $92.8M.
FTI said it ended the quarter with 590 revenue-generating staffers in its communications operation. For the year, that unit declined .8% to $186.2M. The company said reduced pass-through revenues and project revenues in EMEA and North America impacted the quarter on the PR front.
Amid a strategic review, FTI declined to provide guidance for the full year but forecast Q1 2014 revenue between $410M and $425M. The company expects strategic communications revenue to be down in "mid-single digit percentages" in Q1 due to continued challenging capital markets activity and pricing pressure.