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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 (NYSE: FCN) announced key appointments in its Financial Services practice, enhancing its Forensic and Litigation Consulting segment. Sepideh Rowland joins as Senior Managing Director, focusing on financial crime compliance programs, leveraging over 25 years of legal and compliance experience. Gabriel Hidalgo becomes Managing Director, specializing in BSA/AML and sanctions compliance for financial institutions. These strategic hires aim to strengthen FTI's capability to meet evolving regulatory requirements and support clients in navigating complex compliance landscapes.
FTI Consulting (NYSE: FCN) appointed Tracy Wilkison as Senior Managing Director in its Cybersecurity practice, effective September 12, 2022. Wilkison, formerly U.S. Attorney for the Central District of California, brings over 20 years of experience in prosecuting cyber crimes, including the 2014 Sony Pictures hack. Her expertise aims to enhance FTI's capabilities in addressing complex cyber risks and compliance issues. This appointment reflects FTI's strategic expansion in cybersecurity, following several key hires in 2022.
FTI Consulting reported second quarter 2022 revenues of $755.0 million, a 6.1% increase from $711.5 million in the prior year. However, net income fell to $51.4 million, down from $62.8 million, reflecting higher expenses and a 19% drop in EPS to $1.43. Adjusted EBITDA also decreased, showing a margin contraction. The company reaffirmed its 2022 revenue guidance between $2.920 billion and $3.045 billion, along with EPS guidance between $6.40 and $7.20.
FTI Consulting (NYSE: FCN) has unveiled a new suite of Advertising Technology (AdTech) privacy solutions aimed at addressing challenges posed by digital advertising and data privacy regulations. With digital advertising revenue exceeding $189 billion in 2021 and expected to grow, the new services will help clients manage compliance and mitigate risks. FTI Technology emphasizes the importance of aligning marketing strategies with data privacy best practices in the evolving AdTech landscape. Their services include AdTech Risk Assessment, governance model development, and consent management.
FTI Consulting, Inc. (NYSE: FCN) has announced the addition of five professionals to its global Aviation practice. This team, formerly from Strategy X Partners, enhances the firm's human capital and business strategy services. Key figures Gil Jones and Ben Kraszyk lead the team, bringing expertise in labor strategy, operational improvement, and restructuring. Their appointments follow an earlier addition of seasoned professionals and aim to address pressing labor needs in the aviation sector.
FTI Consulting, Inc. (NYSE: FCN) has appointed Monish Paul as Senior Managing Director in its Economic Consulting segment in Australia, reinforcing its commitment to the region. With over 25 years of experience and roles at IBM and Deloitte, Paul aims to enhance service offerings in Western Australia. His expertise spans government policy, infrastructure, and finance. Robert Southern, a senior director at FTI, highlighted that Paul’s leadership will strengthen their national team. FTI Consulting reported revenues of $2.78 billion in fiscal 2021, indicating its strong market position.
FTI Consulting (NYSE: FCN) announced the appointment of José Cortina as Senior Managing Director and Leader of the Risk and Investigations practice in Mexico. Cortina, based in Mexico City, has significant experience advising on compliance, internal investigations, and regulatory matters, focusing on risks like fraud and corruption. His leadership aims to strengthen FTI’s presence in Latin America. The company reported $2.78 billion in revenues for fiscal year 2021, highlighting its global advisory capabilities.
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.
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