Welcome to our dedicated page for FTI Consulting news (Ticker: FCN), a resource for investors and traders seeking the latest updates and insights on FTI Consulting stock.
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) has released findings from The General Counsel Report 2022, revealing that 97% of general counsel are involved in their organization’s technology ecosystem. This involvement has increased due to the growing responsibilities of general counsel and the impact of the pandemic, which accelerated technology initiatives in 43% of organizations. However, only 33% of respondents believe attorneys possess adequate technology skills, a decrease from previous years. The report emphasizes the need for technology competence and the potential of AI in enhancing legal efficiency.
FTI Consulting (NYSE: FCN) has appointed Jason Ho as Senior Managing Director and Asia Leader of the Capital Solutions unit, enhancing its Corporate Finance & Restructuring segment in Hong Kong. Ho brings a proven track record, having raised over US$300 billion through more than 500 transactions across Asia. Alongside Ho, the firm also welcomed Sean Qiao as Managing Director, further strengthening its China practice. This strategic move aims to improve FTI's service offerings in corporate restructuring, acquisitions, and capital market solutions.
FTI Consulting, Inc. (NYSE: FCN) will release its fourth quarter and full year financial results for the period ending December 31, 2021, before the market opens on February 24, 2022. A conference call to discuss these results will take place at 9:00 a.m. Eastern Time on the same day, hosted by senior management. Investors can listen to the call via the Company's investor relations website. A replay will be available for 90 days post-event.
FTI Consulting (NYSE: FCN) has finalized the acquisition of BOLD, a notable advisory firm in the Netherlands, enhancing its restructuring and digital advisory capabilities. Founded in 2013, BOLD specializes in guiding businesses through strategic changes. This acquisition integrates around 31 professionals from BOLD, including key managing directors, into FTI's Corporate Finance & Restructuring segment. The move aims to leverage BOLD's expertise alongside FTI's global resources, addressing significant operational and financial challenges for clients.
FTI Consulting (NYSE: FCN) has strengthened its Cybersecurity practice by appointing Todd Renner as Senior Managing Director. Renner, a former FBI agent with extensive experience in international cybersecurity investigations, will enhance the firm’s capabilities to protect clients from cyber threats. His background includes leading investigations against financially motivated cyber criminals and nation-state actors. With a focus on proactive planning and high-stakes incident management, FTI aims to bolster its response strategies for clients worldwide.
FTI Consulting (NYSE: FCN) has appointed Patrick Tucker as Senior Managing Director and Americas Head of the Strategic Communications segment's Mergers & Acquisitions and Activism practice. Based in New York, Tucker, formerly with Abernathy McGregor, brings extensive experience in high-stakes transactions and shareholder activism. His leadership is expected to enhance FTI's capabilities in managing complex communications for clients. The firm aims to address the evolving challenges of shareholder engagement and transaction scrutiny under Tucker's guidance.
FTI Consulting (NYSE: FCN) announced the appointment of four new professionals to enhance its financial services expertise. Janet Hale joins as Senior Managing Director, while Troy Kubes, Deborah Love, and David Stickney take roles as Managing and Executive Directors. Each brings extensive experience in consumer finance, regulatory compliance, and risk management. These additions aim to bolster FTI's capabilities in managing industry challenges, including regulatory pressures and technological changes. The firm aims to effectively support clients in navigating these complex environments.
FTI Consulting (NYSE: FCN) announced that 26 professionals from its Corporate Finance & Restructuring segment were recognized in the Who’s Who Legal: Restructuring & Insolvency 2022 list. With the highest number of honorees, FTI Consulting leads in acknowledging top restructuring and insolvency practitioners globally. Additionally, David Griffin, Joseph Hansell, and Andrew Morrison were named Global Elite Thought Leaders based on peer nominations. This recognition highlights FTI's expertise and leadership in providing advisory services in insolvency and corporate restructuring.
FAQ
What is the current stock price of FTI Consulting (FCN)?
What is the market cap of FTI Consulting (FCN)?
What services does FTI Consulting offer?
What industries does FTI Consulting serve?
Where is FTI Consulting headquartered?
How many employees does FTI Consulting have?
What recent developments have occurred at FTI Consulting?
What was FTI Consulting's revenue for the year 2023?
Which segment contributes the most to FTI Consulting's revenue?
How does FTI Consulting support private equity clients?
What cybersecurity services does FTI Consulting offer?
Where can I find more information about FTI Consulting?
