FTI Consulting’s strategic communications group registered eight percent growth in Q4 revenues to $54.3M, powered by robust performances in Europe, Middle East and Africa. Operating income fell 24.9 percent to $4.8M.
Mark McCall, stratcomm chief, told O’Dwyer’s that London showed impressive gains in retainers, transactions and deal volume.
He said FTI cemented linkages between Frankfurt, Paris and Brussels to position for the post-Brexit world.
US business perked up following a slow first-half, a period when spending PA and government relations clients held back spending to take a measure of actions from the White House.
For the full-year, the stratcomm unit revenues inched ahead 0.7 percent to $192.5M, while operating profit slid 43.1 percent to $13.1M.
McCall, who took over from Ed Reilly in September, expects to build on Q4 revenue momentum to achieve solid gains in 2018. “We’re firing on all cylinders,” he said.
FTI Consulting registered a 5.8 percent rise in Q4 revenues to $467.7M. It earned $66.9M (which includes a $44.9M Tax Act benefit) vs. $7.1M a year ago.