 Steven Gunby |
FTI Consulting reports today that revenue growth in its strategic communications group soared 24.3 percent to $57.5M during the second quarter due to a hike in project and retainer-based businesses from financial and PA clients.
The unit’s adjusted EBITDA jumped to $11M from $4.9M from last year’s quarter.
During the half, the stratcomm business posted revenues of $110.3m (+22.7 percent) and EBITDA of $20.9M (+128.6 percent).
CEO Steven Gunby noted that FTI enjoyed a record first-half performance.
Revenues for 2Q jumped 15.1 percent to $512.1M. The firm's $43.6M net income compared to a $5.2M 2017 loss.
Inspired by FTI’s solid results, Gumby upped the full-year revenues guidance to the $1.910B to $1.960B range from the earlier $1.825B to $1.875B forecast.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
