 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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