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.