Public Policy Holding Co Inc on Wednesday backed its full-year guidance, after seeing both earnings and revenue improve in the first half.
Public Policy is a Washington, DC-based group of advisory firms, specialising in government affairs and public relations.
For the six months ended June 30, the firm reported pretax profit of $13.2 million, up 3.9% from $12.7 million a year prior.
Group revenue also improved, rising 8.2% to $71.1 million from $65.7 million.
Underlying earnings before interest, tax, depreciation and amortisation were up 3.0% to $17.4 million from $16.9 million the previous year. Ebitda margin fell 1.3 percentage points to 24.5% from 25.8%.
Fully diluted earnings per share were down 2.3%, however, to 10.81 cents from 11.06 cents.
The firm declared an interim dividend of 4.70 cents, up 2.2% from 4.60 cents the year before.
Looking ahead, Public Policy said that its performance in the first half has set the group up well for the remainder of the year.
It remains on track to meet full-year market expectations, and forecasts an underlying Ebitda margin for the second half ‘at or slightly above’ the first half.
‘We have an exciting and robust M&A pipeline, both in the US and internationally, and are confident in our ability to deploy more capital to further accelerate our growth trajectory. I look forward to updating shareholders on our continued progress in the months ahead,’ said Chief Executive Officer Stewart Hall.
Shares in Public Policy Holding were trading 0.8% lower at 130.00 pence each in London on Wednesday morning.
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