FTI Consulting reported strategic communications revenue rose 7.5% to $46.6M in the third quarter 2014 on increased assignments in North America and Asia Pacific.
Overall, the Washington-based consulting operation saw Q3 revenues climb 8.8% to $451.2M with net income of $22.5M.
President and CEO Steven Gunby said strategic communications and economic consulting showed continued progress, while its technology (+21.8% to $62.4M) and forensic and litigation consulting (+7.7% to $121.7M) units saw very high demand from major clients.
FTI said EBITDA margins increased 14.2% to $6.6M in its communications operation on a mix of more profitable project work and reductions in overhead and headcount. FTI has 549 revenue-generating staffers in its strategic communications division.
Gunby said a decline in pass-through revenues in strategic communications led to the decrease in revenue from Q2 to Q3 ($53.3M to $46.6M).
During the quarter, it handled cupcake chain Crumbs' bankruptcy PR, aided Shire in its pursuit by Abbvie, and worked the $1.4B sale of Berlin Packaging, among other engagements.
Through the first three quarters of 2014, FTI's PR operation is up 2.6% to $143M.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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