Business
2023 Lobbying Disclosure Act revenue rankings
2023 Lobbying Disclosure Act revenue rankings.
About this update from Public Policy Holding Co., Inc.
[{"type":"text","content":"\n\n\n \n\n\n\n\nREACH\n\n\n24 January 2024\n\n\n\n\n \nPublic Policy Holding Company, Inc.\n \n(\"PPHC\", the \"Group\" or the \"Company\")\n \n2023 Lobbying Disclosure Act revenue rankings\n \nPublic Policy Holding Company, Inc., the government relations and public affairs group of companies providing a comprehensive range of advisory services, has been recognised as the top federal lobbying agency in the US in 2023, with its federal lobbying firms collectively reporting $68.3m of disclosed revenue.\n \nThe sustained strong performance by PPHC represents a continuation of its run at the top of the LDA rankings, which it also topped in 2022 and for each quarter of 2023. PPHC's $68.3m in disclosed revenue is an increase of 3.6% over its performance in 2022, when it reported $65.9m in disclosed revenue.\n\nThe growth achieved in 2023 shows the resilience of PPHC and its firms throughout varied conditions for Lobbying services, given it was achieved in a year that included challenges resulting from the delayed formation of the majority leadership in the House of Representatives in the early part of the year.\n \nWhile contributing to Group-wide growth, PPHC's three contributing federal advocacy firms - Forbes Tate, Crossroads Strategies and Alpine Group - each reported growth within the rankings and maintained their individual positions inside the top 20.\n \nForbes Tate, #11th on the rankings, delivered $25m (vs. $24.4m in 2022) at growth of 2.5%; Crossroad Strategies, #12th on the rankings, delivered $24.8m (vs. $23.6m in 2022) at growth of 5.1%, representing the strongest performance of the three PPHC firms; and Alpine Group, #17th on the rankings, delivered $18.5m (vs. $17.9m in 2022), at growth of 3.4%.\n \nPPHC's firms went from strength to strength in 2023, not only retaining the #1 spot in all four quarters but also showing consistently strong performances in each quarter; they collectively reported federal lobbying revenue of $16.7m (Q1), $17.1m (Q2), $17.3m (Q3) and $17.2m (Q4).\n \nLDA revenue is not reflective of each of the three operating companies' revenue performance for 2023 and therefore does not represent their total contribution to overall Group revenue. The performance does however show the inherent quality of PPHC's operating companies, which continually deliv...