 Mark McCall |
FTI Consulting's strategic communications group posted a 6.7 percent jump in Q4 revenues to $58M as global segment leader Mark McCall wrapped up a "fantastic year."
Operating income rose to $10M from $4.9M a year ago.
McCall told O'Dwyer's the upbeat performance represented a "continual build of the business" over the past four years.
The stratcomm unit achieved across-the-board growth driven by the rise in business from mergers/acquisitions, crisis management and shareholder activism.
Revenues increased in both retainer and project-based work.
McCall also noted that secular trends (nationalism, tariffs and sanctions) boosted FTI.
There are opportunities to advise clients about "how to think about their brands" in the rapidly changing and complex financial environment, according to the PR chief.
McCall expects continued growth in 2019, especially in FTI's hub operations in New York, Washington, London and Brussels.
For 2018, FTI's stratcomm unit chalked up $223.3M in revenues, up 16.1 percent from 2017. Operating income soared to $37.3M from $13.2M.
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Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
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Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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