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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 reported Q2 2021 revenues of $711.5 million, a 17.0% increase from $607.9 million in Q2 2020. Earnings per share (EPS) reached $1.77, up 39.4% year-over-year. Adjusted EPS was $1.74, reflecting a 31.8% rise. The company raised its full-year revenue guidance to between $2.700 billion and $2.800 billion. Positive contributions came from segments including Forensic and Litigation Consulting and Technology. However, Corporate Finance & Restructuring saw a 6.1% revenue decline due to lower demand.
FTI Consulting (NYSE: FCN) announced the appointment of Renée Law Bertuch as Senior Managing Director in its Strategic Communications segment in Australia. Based in Sydney, she brings over 20 years of experience in advising clients on investor relations and crisis management. Previously CEO at Cannings Strategic Communications, Law Bertuch led transactions worth over AU$5 billion. Her expertise is expected to enhance FTI's offerings in communications challenges, particularly in the Australian market, as highlighted by comments from key leadership.
FTI Consulting (NYSE: FCN) announced substantial growth in its Corporate Finance & Restructuring segment in Australia, with the recruitment of seven Senior Managing Directors in six months, notably five from Big Four consulting firms. These appointments, including John Batchelor's return from Hong Kong, enhance FTI's market-leading restructuring practice. Mark Dewar emphasized their goal of replicating global success in Australia. With increased talent, FTI aims to deliver superior advisory services for complex restructurings across multiple jurisdictions.
FTI Consulting appointed Guillermo Garau as Senior Managing Director to lead its Transactions practice in Latin America and Florida. Based in Miami, Garau brings over 15 years of M&A experience, having participated in more than 250 transactions worth up to several billion dollars. His leadership aims to enhance FTI's offerings in active M&A markets, addressing growing private investment opportunities in infrastructure and technology in Latin America. This strategic appointment reflects the firm's commitment to providing comprehensive support across the deal lifecycle.
FTI Consulting (NYSE: FCN) has been recognized as a top firm in the Chambers Litigation Support 2021 and Chambers Crisis and Risk Management 2021 guides, garnering the most rankings among competitors. The company achieved 11 firmwide and four individual rankings, with seven categories ranked in Band 1, including Business Intelligence & Investigations and Economic Analysts. Additionally, FTI's subsidiary, Compass Lexecon, excelled in the global Economic Analysts category. This recognition underscores FTI's leadership in professional services worldwide.
FTI Consulting (NYSE: FCN) will announce its Q2 2021 financial results on July 29, 2021, before the NY market opens. Senior management will host a conference call at 9:00 a.m. ET on the same day to discuss these results. The call will be accessible via the company's investor relations website and a replay will be available for 90 days. In 2020, FTI Consulting reported revenues of $2.46 billion, with over 6,400 employees across 29 countries, specializing in business advisory services.
FTI Consulting announced the appointment of Antonio Gesteira as Senior Managing Director in Brazil's Technology segment, focusing on enhancing e-discovery and digital forensics solutions. With over 20 years of experience, Gesteira aims to address the increasing demand for investigations expertise among Brazilian corporations and law firms amid evolving legal landscapes. This move follows the recent hiring of Gustavo Galizzi in the Forensic and Litigation segment, indicating a strategic expansion to improve service offerings in Brazil.
FTI Consulting (NYSE: FCN) has appointed Rachel Layburn as Senior Managing Director in Singapore, enhancing its Risk & Investigations practice. With over 20 years of experience in forensic investigations and regulatory compliance in China and Singapore, Layburn will focus on complex investigations and compliance programs. The firm aims to leverage her expertise to support clients amid evolving legal landscapes. Layburn has previously held significant roles at WPP Group and KPMG China, showcasing her capacity to manage compliance initiatives and internal investigations.
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