FTI Consulting Reports Record Q3 Revenues, But Strategic Comms Lags

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By Tonya Garcia Comment

FTI Consulting, home to a number of consulting and business advisory groups including a strategic communications unit formerly known as FD, reported a 20 percent increase in revenue for Q3 ending September 30. Revenue totaled $413.8 million and organic growth was 11 percent.

The company said economic consulting and technology were among its biggest revenue drivers for the quarter, with Latin America and Asia showing strong results. However, the strategic communications area only showed three percent revenue growth to $51.8 million from $50.2 million for the same period last year.

“The segment benefitted from several key financial communications and restructuring projects, but it continued to be impacted by ongoing sluggish capital markets activity,” the earnings announcement said.

For the nine months ending September 30, revenue totaled about $1.18 billion. For more info about FTI’s earnings, click here.