FTI Strategic Communications Continues Growth In Q1

(MENAFN- PRovoke) WASHINGTON - FTI Consulting's strategic communications segment continued its recent growth in the first quarter, with revenues rising 18.4% year-over-year to $103 million.

Revenues increased from $87.0 million in the prior-year period, or 14.5% excluding the positive impact of foreign exchange. Growth was attributed primarily to higher demand for corporate reputation, public affairs and financial communications services.

Segment operating income rose to $20.8 million from $8.7 million a year earlier. Adjusted segment EBITDA was $21.9 million, or 21.3% of revenues, compared to $12.9 million, or 14.8%, in the prior-year quarter.

According to Mark McCall, the strategic communications segment's global leader, demand continues to center on high-stakes situations facing clients.

“We delivered a strong quarter, reflecting the continued demand for integrated expertise as clients navigate a crisis, transaction, or geopolitical disruption,” said McCall, global segment leader for strategic communications.“We are called on during critical moments, and we continue to invest in capabilities and talent that deliver results for clients.”

Companywide, FTI reported first-quarter revenues of $983.3 million, up 9.5% from $898.3 million in the prior-year quarter. Earnings per share rose to $1.90 from $1.74 a year earlier.

CEO Steven H. Gunby said the results reflect strong demand for the firm's expertise as clients navigate complex challenges.

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