 |
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.
The Washington-based company was up two percent on an organic basis. Net income jumped 13.9 percent to $26.5M.
CEO Stewart Hall said the robust performance occurred during “some of the toughest macro conditions” that PPHC experienced since it was launched ten years ago.
He said the “unpredictability of politics” both in the US and overseas, combined with increased interest rates presented key challenges.
PPHC wrapped up 2023 with about 1,200 clients, up from 850 from the year earlier period.
That roster includes 137 Fortune 500 companies and trade groups representing 44 of the Fortune 100.
The number of clients spending more than $100K or greater in 2023 hit the 468 mark, a jump of 23 percent.
Key client wins include RTX Corp. (formerly Raytheon), Phillips 66, Dynavax Technologies and the Nuclear Innovation Alliance.
Hall believes PPHC is “extremely well positioned to capitalize on what continues to be a positive trajectory for our wider markets.”
PPHC, which trades on the London Stock Exchange, is the parent company of Seven Letter, Crossroads Strategies, O’Neill & Assocs., Alpine Group Partners, Forbes Tate Partners, KP Public Affairs, Concordant Advisory, and Multistate.
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.
Why financial planning always plays a crucial role in every PR firm’s success.
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.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
Have a comment? Send it to 
No comments have been submitted for this story yet.