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FTI Consulting, Inc. (NYSE: FCN) is a leading global business advisory firm committed to helping organizations manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., FTI Consulting operates with more than 8,000 professionals in 31 countries, delivering expert services across various domains.
The firm segments its operations into five critical areas:
- Corporate Finance and Restructuring: Specializes in business transformation, strategy, and restructuring services, providing solutions for optimal financial performance.
- Forensic and Litigation Consulting: Offers expertise in investigations, dispute resolution, and forensic accounting to support clients facing legal complexities.
- Economic Consulting: Delivers strategic consulting on economic issues, antitrust matters, and financial economics, aiding clients in navigating complex regulatory environments.
- Technology: Focuses on M&A-related services, litigation support, and leveraging digital tools to streamline business processes and enhance decision-making.
- Strategic Communications: Provides services in public affairs, corporate reputation management, and communication strategies to mitigate risks and strengthen client relations.
FTI Consulting serves a diverse clientele, including sectors like construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology. The majority of its revenue is generated within the United States, with the Corporate Finance segment being the largest contributor.
In recent developments, FTI Consulting has expanded its global aviation offering with the appointment of Frank Martin, enhancing their capability to navigate aviation sector challenges. The firm also focuses on digital transformation, highlighted by the appointment of Shubho Ghosh to bolster their Business Transformation practice, aiding clients in developing and implementing digital strategies for revenue growth and operational efficiency.
Financially, FTI Consulting reported a revenue increase to $3.49 billion for the year 2023, reflecting a 15.2% rise from the previous year, attributed to higher demand across all segments. The firm maintains a robust financial position with net income of $274.9 million and a steady cash flow, underpinned by strategic investments in talent and digital transformation initiatives.
FTI Consulting's commitment to delivering value extends to its private equity services, led by Jiva J. Jagtap, focusing on value creation and post-transaction strategies. The firm is also proactive in cybersecurity, addressing communication gaps between CISOs and the C-suite to enhance organizational resilience against evolving cyber threats.
For more information, visit www.fticonsulting.com or contact their investor relations team.
FTI Consulting forecasts U.S. online retail sales to hit $1.07 trillion in 2022, surpassing pre-pandemic predictions set for 2025. This marks an 11.7% increase from 2021, with a 31% improvement over earlier projections. Growth, driven by post-pandemic e-commerce adoption, is set to moderate due to inflationary pressures and a potential return to physical shopping. The online retail share will rise to 22.1% in 2022, with expectations to exceed $2 trillion by 2030. Overall, this indicates a compounded annual growth rate of nearly 8.5% for online sales into the next decade.
FTI Consulting, Inc. (NYSE: FCN) will release its second-quarter financial results for the period ending June 30, 2022, before the market opens on July 28, 2022. Following the announcement, a conference call will take place at 9:00 a.m. Eastern Time, led by senior management, to discuss the results. Investors can access the live simulcast via the company's investor relations website, where a replay will be available for 90 days. FTI Consulting generated $2.78 billion in revenues for the fiscal year 2021, providing critical business advisory services globally.
FTI Consulting (NYSE: FCN) announced the appointment of Martin Wong as Senior Managing Director in its Corporate Finance & Restructuring segment in Asia. Based in Singapore, Wong brings over 24 years of experience in corporate restructuring and insolvency, previously leading significant cases at KPMG. His expertise spans cross-border recovery, aiding underperforming firms to enhance financial outcomes. This strategic hiring reflects FTI's commitment to expanding its local capabilities, aligning with its ongoing growth in the Asia market.
FTI Consulting (NYSE: FCN) announced the appointment of Denis Reynolds as Senior Managing Director in its Financial Services practice within the Forensic and Litigation Consulting segment. With over 30 years of experience, Reynolds aims to enhance advisory services for financial institutions. He previously worked at KPMG Canada and KPMG UK, focusing on complex financial projects. His hiring follows other key appointments in April 2022, reinforcing FTI's commitment to tackling complex financial challenges for its clients.
FTI Consulting (NYSE: FCN) announced the appointment of Casey Kah as a Senior Managing Director in Shanghai, enhancing its Forensic & Risk Advisory Services practice. With over 20 years of experience in conducting independent investigations, Kah previously served at Ernst & Young, where he led significant investigations in various sectors. This strategic addition comes as FTI aims for growth in the Chinese market, with Kah expected to provide unique insights to clients and bolster compliance frameworks.
FTI Consulting (NYSE: FCN) has appointed Kyran McCarthy as Senior Managing Director in Hong Kong to expand its Asia Managed Services offering. This initiative responds to rising regulatory pressures as organizations look to outsource operational processes to boost efficiencies and reduce costs. McCarthy will focus on financial crime compliance and risk management. His past experience includes leading AML and sanctions advisory at a Big Four firm. FTI Consulting reported revenues of $2.78 billion for fiscal year 2021, highlighting its robust market presence.
FTI Consulting (NYSE: FCN) has launched its Corporate Finance & Restructuring segment in Milan, Italy, following successful expansions in the Netherlands and France this year. The firm appointed four senior professionals, enhancing its capabilities to tackle complex business challenges. This move aligns with FTI's growth strategy in the EMEA region. FTI generated $2.78 billion in revenues in fiscal year 2021 and aims to leverage its new team’s expertise in financial restructuring to boost operations in Italy.
FTI Consulting (NYSE: FCN) announced the appointment of Anne Winter as a Senior Managing Director in its Health Solutions practice, focusing on Medicaid managed care and the pharmaceutical industry. With over 25 years of experience, Ms. Winter joins from Health Management Associates and has held significant roles at organizations including CVS Health and Arizona's Medicaid program. Her expertise will enhance FTI's capabilities in navigating the complex Medicaid landscape, aiming to help clients expand their business and mitigate risks.
FTI Consulting (NYSE: FCN) has appointed Thierry Miremont as Senior Managing Director in Paris, enhancing its Corporate Finance & Restructuring segment in France. Miremont brings over 30 years of experience in complex transformations for international brands. This appointment follows FTI's expansion in EMEA, including the acquisition of BOLD in February 2022. Miremont will focus on strengthening Business Transformation and Restructuring practices, addressing rising client demand for operational improvement services amidst prevailing economic challenges.
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