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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 releases its General Counsel Report 2022, revealing that about 60% of general counsel are increasingly worried about expanding legal risks, particularly in compliance, data privacy, and information security. Preparedness has noticeably declined in key areas, such as a drop in confidence regarding data privacy regulations from 4.02 to 3.27 on a scale of 1 to 5. Major concerns include environmental, social, and governance requirements, highlighting a challenging landscape for corporate legal teams moving into 2022.
FTI Consulting (NYSE: FCN) has enhanced its Dispute Advisory Services team by appointing Greg Crouse as a Senior Managing Director. Based in Dallas, Crouse brings 30 years of technical expertise in various sectors, including financial services and healthcare. His experience in providing expert witness testimony and litigation strategy is expected to bolster the firm’s ability to handle complex disputes. FTI Consulting aims to assist clients in navigating intricate business challenges, boasting revenues of $2.46 billion in 2020.
FTI Consulting (NYSE: FCN) has announced that Kyung Kim, Senior Managing Director and Head of Cybersecurity for the Asia Pacific region, was recognized as one of Consulting magazine’s 2021 Top 25 Consultants in the Excellence in Manufacturing category. Based in Seoul, Kim has exemplified expertise in cybersecurity, crisis management, and national security, aiding clients against various cyber threats. His recognition underscores FTI Consulting's strong commitment to cybersecurity expertise in the region.
FTI Consulting (NYSE: FCN) announced today that it, along with its subsidiary Compass Lexecon, achieved recognition in the 2021 Who’s Who Legal: Commercial Litigation guide. A total of 23 professionals from FTI were named, reflecting the firm’s expertise in areas such as valuations, compliance, and commercial disputes. These experts come from various segments, including Corporate Finance & Restructuring and Economic Consulting, and represent six different countries, underscoring FTI's global presence.
FTI Consulting, Inc. (NYSE: FCN) announced that Brenda J. Bacon, a Board member since 2006, has been named to Savoy magazine’s 2021 Most Influential Black Corporate Directors list. Bacon, who is the CEO of Brandywine Living, has significantly contributed to FTI Consulting's growth and governance. Steven H. Gunby, President and CEO, praised her leadership and impact. Bacon’s extensive background includes a cabinet-level position in New Jersey and co-chairing a healthcare transition during President Clinton’s administration. FTI Consulting generated $2.46 billion in revenues in 2020.
FTI Consulting reported Q3 2021 revenues of $702.2 million, a 13% increase from $622.2 million year-over-year. EPS rose 45% to $1.96, with adjusted EPS at $2.02, up 31%. The company raised its full-year revenue guidance to between $2.750 billion and $2.800 billion, and EPS guidance to $6.39 to $6.64. Net income reached $69.5 million vs $50.2 million, driven by increased revenues and FX gains, despite higher expenses. Cash and equivalents improved to $342.5 million. The company experienced higher demand across all business segments.
FTI Consulting has released a study examining post-bankruptcy strategies for companies. The survey, involving 50 business leaders, revealed that 72% find their capital structure burdensome, and only 12% addressed vital structural issues. Nearly half (44%) felt unable to focus on important business matters during bankruptcy, potentially hindering growth. The report highlights that 88% of Chapter 11 cases between January 2019 and May 2021 emerged successfully, yet many companies remain unprepared for future challenges, especially in technology (14%), cost (22%), and talent (26%).
FTI Consulting (NYSE: FCN) has appointed Steve Lutfy as Senior Managing Director in its Health Solutions practice. Lutfy brings over 40 years of experience in healthcare revenue cycle management, previously leading a large accounts receivable outsourcing center recognized five times as Best in KLAS. His strategic vision is expected to enhance FTI's client services in optimizing revenue cycle processes. The firm generated $2.46 billion in revenues during fiscal year 2020, and continues to expand its expertise in managing complex business challenges.
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