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| Mark McCall |
FTI Consulting posted a 3.8 percent dip in Q2 strategic communications revenues to $56.8M, while operating income slipped 3.7 percent to $8.8M.
First-half revenues fell 1.2 percent to $115.3M and operating income declined 15.5 percent to $16.3M.
Mark McCall, stratcom group leader, said FTI's performance stacked up against a record-setting year-ago period and was made during the "extraordinarily challenging" business environment.
He told O'Dwyer's the stratcom unit has been realigning its business to provide clients the services that they need (restructuring, transactions, crisis, activism, ESG, and public affairs) especially during the pandemic.
The overall challenge is "finding ways to operate" during these uncertain times so FTI will be well-positioned for more robust growth in 2021 and 2022.
McCall said the stratcom division continues to invest in people as its headcount rose 13.2 percent to 761 employees from the 2019 period.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
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Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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