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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.
The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will hit $865 billion in 2021, marking a 13.5% increase from 2020. Nearly two-thirds of Amazon Prime Day shoppers plan to spend more this year, as the online market share is expected to reach 20.5%. A survey shows 62% of consumers intend to increase their spending during Prime Day, particularly on apparel. The shift towards online shopping is persistent, with 41% of respondents likely to shop online as frequently as during the pandemic, indicating a lasting transformation in consumer behavior.
FTI Consulting (NYSE: FCN) announced that 28 professionals from its Construction Solutions practice were recognized by Who’s Who Legal as Construction Expert Witnesses, leading in the Asia Pacific region and ranking second globally. Senior Managing Directors Garry Crossley, Christopher Larkin, and Graham McNeill were identified as Global Elite Thought Leaders for 2021. Additionally, Manoj Bahl and Ali Al-Ahmad made the Future Leaders list for under-45 experts. This acknowledgment underscores FTI Consulting's strong international advisory base in construction arbitration and litigation.
FTI Consulting (NYSE: FCN) has published its inaugural Human Capital Report 2021, outlining progress in five key areas: Culture, Stakeholder Engagement, Talent Development, Diversity, Inclusion & Belonging, and Corporate Citizenship and Sustainability. The report provides gender and ethnicity data for employees and highlights the firm's commitment to fostering an inclusive workplace. CEO Steven H. Gunby emphasized the importance of attracting and promoting talent to drive business growth, while CHRO Holly Paul acknowledged the collective efforts during challenging times.
FTI Consulting (NYSE: FCN) has appointed David Benn as Senior Managing Director and Leader of the Revenue Cycle Management offering within its Health Solutions practice. With over 25 years of experience, Benn will enhance FTI's capabilities in addressing healthcare organizations' revenue cycle challenges amid the shift towards value-based care. His expertise includes leading turnaround projects and implementing automation in revenue cycle management. The company's financial performance remains strong, with $2.46 billion in revenues for fiscal year 2020.
FTI Consulting (NYSE: FCN) announced that Morgan Magionos, a Managing Director, has been featured in Global Investigations Review’s 2021 Women in Investigations guide. This guide recognizes the top 100 female practitioners globally, emphasizing Magionos' expertise in forensic accounting, particularly in anti-corruption and anti-money laundering. Paul Ficca, Global Leader of the segment, commended her significant contributions to clients facing regulatory challenges. FTI Consulting reported $2.46 billion in revenues for fiscal year 2020, showcasing its global advisory capabilities.
FTI Consulting (NYSE: FCN) announced that Kathryn McCarthy, a Senior Managing Director in the Technology segment, has been recognized as one of Consulting magazine's Women Leaders in Technology for 2021, specifically in the Excellence in Innovation category. McCarthy's extensive experience includes managing over 50 second requests in e-discovery and optimizing workflows for major clients in regulated industries. She emphasized that the award reflects her team's commitment to excellence. The company reported revenue of $2.46 billion for FY 2020, showcasing its strong market position.
FTI Consulting has appointed Raj Nagarajan as Senior Managing Director in its Business Transformation practice, effective May 18, 2021. With over 20 years of experience, Nagarajan specializes in architecting transformations for clients in various industries including oil, gas, and consumer goods. Previously at Deloitte, he has led major enterprise programs for Fortune 500 companies across continents. His addition aims to enhance FTI’s capabilities in supporting C-suites and boards with complex business challenges. This hire reinforces FTI's commitment to its Business Transformation practice.
The Texas Blockchain Council announced that FTI Consulting's Technology segment has joined its membership. This partnership aligns with FTI's expertise in digital assets, cryptocurrency, and blockchain solutions, offering services such as due diligence and regulatory compliance. The Council aims to advocate for blockchain initiatives in Texas, while FTI's involvement will enhance business development within the local blockchain community. Steven S. McNew from FTI expressed optimism about the collaboration, emphasizing the transformative potential of blockchain technology in financial services.
FTI Consulting, Inc. (NYSE: FCN) announced the inclusion of Senior Managing Directors Paul Braithwaite, Brian Carl, Wendy Shapss, Romy Comiter, and Ian Marshall in the Who’s Who Legal: Insurance & Reinsurance 2021 list. Braithwaite and Marshall were recognized as Global Elite Thought Leaders, a distinction awarded to the top 2% of nominees. Braithwaite co-leads Global Insurance Services and has over 30 years of experience, while Marshall specializes in insurance technical investigations, holding over 35 years of expertise. FTI Consulting reported $2.46 billion in revenues for the fiscal year 2020.
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