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FTI Consulting’s strategic communications unit posted a 20.8 percent growth in Q2 revenues to $102.7M powered by strength in its corporate reputations and financial communications offerings.
Operating income surged 64.9 percent to $17.5M.
That robust performance couldn't offset flat results at FTI. CEO Steven Gunby reported that overall revenues dipped 0.6 percent to $943.7M due to a 17 percent drop in economic consulting revenues to $191.7M, and a 27.9 percent plunge to $83.6M in the technology group.
FTI's net income for Q2 declined 14.5 percent to $71.7M
The stratcom unit helps management teams, boards and law firms deal with change and mitigate risks surrounding transformational and disruptive events, including transactions, investigations, disputes, crises, regulation and legislation.
For the first-half FTI’s PR unit reported a 14.2 percent hike in revenues to $189.7M. Operating income was up 18.7 percent to $26.2M.
The PR group had 892 professionals as of June 30. That was down 8.2 percent from the year ago level.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
