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| Mark McCall |
FTI Consulting’s PR revenues declined 8.8 percent to $60.5M during the fourth quarter, while operating income jumped 20 percent to $10.2M.
Mark McCall, who heads the strategic communications unit, told O'Dwyer's he was really pleased with the financial results achieved during a challenging time, noting that his unit reported an “uptick” from the third-quarter results.
FTI’s core PR business performed well, sparked by gains in the healthcare and financial services sectors, according to McCall.
He attributed the sales decline to a fall-off in large-scale transactions and a drop in “pass-through” revenues (advertising, marketing dollars).
FTI continues to invest in the stratcom operation and is making key hires in areas such as crisis management and crisis PR.
For the full year, the stratcom practice registered a 5.9 percent dip in revenues to $228M. Operating income dropped 19.2 percent to $31.7M.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
