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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 has announced a new partnership with Reveal, a leader in AI-powered e-discovery, enhancing its analytics capabilities for litigation and regulatory matters. This collaboration will support faster insights into complex data, helping clients navigate legal challenges effectively. Reveal's features, such as sentiment and contextual analysis, will complement FTI’s existing technology stack, providing a comprehensive solution for early case assessments. FTI’s strategic move aims to leverage advanced AI to manage rising data complexities and improve discovery workflows.
FTI Consulting (NYSE: FCN) has updated its Technology segment with enhancements to its Connect and Universal Messaging Platform solutions. These platforms streamline access to insights and improve workflows in e-discovery and investigations, integrating cloud data sources like Microsoft 365 and Slack. Research indicates that enterprises will increasingly rely on cloud-based data for litigations, highlighting the need for advanced technology in handling diverse data sources. The updates aim to facilitate efficient information management and compliance in a rapidly evolving data landscape.
FTI Consulting (NYSE: FCN) has appointed Dan Hunter as Senior Managing Director and Americas Head of the Financial Services practice. Based in New York, Hunter possesses nearly two decades of banking experience, particularly in corporate affairs and crisis communications. He aims to enhance FTI's position in financial services by guiding clients through regulatory challenges and economic shifts. Previously, he held significant roles at Deutsche Bank and Barclays, where he managed communications during pivotal industry transitions.
FTI Consulting (NYSE: FCN) has appointed Melissa Wichman as Senior Managing Director in the Transactions practice, leading the Transactions Tax offering. With 30 years of experience, Wichman enhances FTI's capabilities to support clients through complex tax challenges during acquisitions and divestitures. Her background includes advising private equity and strategic buyers. This appointment is part of FTI's strategy to bolster its transaction expertise, following other key hires in recent months.
FTI Consulting (NYSE: FCN) has expanded its Risk & Investigations practice with the appointment of Michael Maloney as Senior Managing Director, Andrew Preston as Managing Director, and Tyler Famiglietti as Senior Consultant. Maloney, a former SEC Chief Accountant, brings extensive experience in forensic accounting and oversight of financial fraud matters. Preston has over 15 years of experience in accounting and fraud investigations. This expansion aims to strengthen FTI's capabilities in handling complex regulatory and litigation challenges, reinforcing its market position in forensic consulting.
FTI Consulting (NYSE: FCN) has appointed Thomas Hutin as Senior Managing Director in its Cybersecurity practice, enhancing its capabilities in France. Hutin brings over 25 years of experience in cybersecurity strategy across various industries. This strategic move comes amidst increasing global demand for cybersecurity solutions. His role will involve supporting clients through cybersecurity challenges, including audits and incident response. This appointment follows recent expansions in the cybersecurity team with former FBI members.
FTI Consulting (FCN) reported Q4 2021 revenues of $676.2 million, an 8% increase year-over-year, while Q4 EPS dropped 32% to $1.07. Full year 2021 revenues reached $2.776 billion, up 13%, with EPS of $6.65, a 17% rise. The growth was attributed to higher demand across all segments. Guidance for 2022 suggests revenues between $2.920 billion to $3.045 billion, with EPS ranging from $6.40 to $7.20. However, net income in Q4 decreased due to higher expenses.
FTI Consulting (NYSE: FCN) has rescheduled its earnings conference call for the fourth quarter and full year 2021 to 3:00 p.m. ET on February 24, 2022, due to a last-minute scheduling conflict. The call was initially set for 9:00 a.m. ET on the same day. The financial results will be released before the New York market opens on February 24, 2022. A live simulcast will be available on the Company’s investor relations website, along with a replay accessible for 90 days.
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