FTI Consulting reported that its strategic communications unit enjoyed a 5.1 percent growth spurt to $48.2M driven by a hike in retainer-based revenues. The segment’s EBITDA jumped 8.0 percent to $8.1M.
Overall, FTI posted a 2.5 percent quarterly revenue gain to $449M due to a bullish performance in the corporate financial and restructuring group.
Net income of $32.2M topped the $21.7M earnings of a year ago.
CEO Steven Gunby said in a statement that FTI’s performance reflects the leadership positions of its various practices coupled with “prudent cost management and the significant progress we have made growing and adding talent in the areas in which we have the right to win.”