FTI Consulting’s strategic communications group reports a 20.7 percent jump in first-quarter revenues to $52.8M, driven by gains in retainer and project-based business.
Operating income jumped to $8.4M from $2.6M a year ago.
The upbeat performance of Mark McCall’s strategic communications unit helped power FTI to record first-quarter results as revenues rose 11.5 percent to $497.8M and net income advanced to $38.9M from $14M.
Steve Gunby, CEO, said the strong showing reflects “the enormous efforts our leaders and professionals have made in listening to clients and investing heavily to deliver on core client needs.”
FTI stock is up nearly eight percent to $55.02 on the earnings news and hit its 52-week high of $56.39.