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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 the appointments of Scott Gibson and Marty Kuehne as Senior Managing Directors in its Aviation practice, enhancing its capabilities in strategy, growth, and talent development. Gibson brings over 35 years of airline strategy experience, while Kuehne, with nearly 40 years of expertise, will co-lead the Human Capital offering. These additions aim to optimize business operations and support the aviation industry's recovery post-COVID-19.
FTI Consulting (NYSE: FCN) announces a leadership transition in the EMEA region effective August 1, 2022. Kevin Hewitt, who has led as EMEA Chairman since 2017, will transition to EMEA Chair of Client Services, focusing on client relationships and talent acquisition. Lars Fæste will succeed him as EMEA Chairman, taking on executive responsibility for growth and new market entry. Fæste joins from Boston Consulting Group with 25 years of experience in management consulting. This transition aims to strengthen leadership and enhance service offerings in the EMEA region.
FTI Consulting (NYSE: FCN) has appointed Cyril Naudin as a Senior Managing Director in its Forensic and Litigation Consulting segment in France, effective May 3, 2022. With over 20 years of expertise in financial crime investigations and compliance, Naudin aims to enhance FTI's capabilities in forensic services across the EMEA region. His appointment follows the recent hiring of Karl Payeur as the leader of the French practice. FTI Consulting generated $2.78 billion in revenue during fiscal year 2021.
Intrinsic, LLC has launched a new Transaction Opinions practice, led by Managing Director Garrett Wilson, formerly of
FTI Consulting (NYSE: FCN) reported first quarter 2022 revenues of $723.6 million, a 5% increase from $686.3 million in Q1 2021. EPS was $1.66, down 10% from $1.84 year-over-year. Adjusted EBITDA fell to $90.5 million, representing 12.5% of revenues, compared to 14.5% in the prior year. The decline in net income to $59.3 million was attributed to higher SG&A and compensation expenses. The Corporate Finance & Restructuring segment saw a 12% rise in revenues, while Economic Consulting revenues dropped 1.9%.
FTI Consulting (NYSE: FCN) has expanded its Financial Crime Compliance practice with the addition of Senior Managing Director Jackie Yu and Managing Director Lilian Sin. Yu, based in Shanghai, will lead the practice in China, leveraging his extensive experience in AML and sanctions compliance. Sin, located in Hong Kong, will assist in navigating increasingly complex regulatory challenges in the region. Their appointments reflect FTI's commitment to enhancing client support in Asia amid evolving financial regulations.
FTI Consulting (NYSE: FCN) announced the appointment of Deepak Chaudhry as Senior Managing Director and National Digital Health Leader. With over 20 years of experience in technology and healthcare, Chaudhry will enhance the firm’s digital health services, focusing on digital transformation, emerging technology, and cybersecurity. Previously, he led BDO Digital's National Healthcare Technology practice and oversaw interoperability projects in Houston. FTI Consulting aims to help clients navigate complex digital challenges.
FTI Consulting (NYSE: FCN) has appointed Enrique Ubarri as Senior Managing Director in its Financial Services practice, focusing on anti-money laundering and consumer finance. With over 20 years of experience, Ubarri's expertise in regulatory compliance is expected to aid clients in navigating evolving regulatory landscapes. His appointment follows Troy Kubes's joining as Managing Director, enhancing the firm's leadership in financial advisory services. FTI Consulting generated $2.78 billion in revenues in 2021, indicating robust financial performance.
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