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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 (NYSE: FCN) has appointed Michael Rachlin as Senior Managing Director within its Valuation & Financial Advisory Services practice. Based in New York, Rachlin specializes in life sciences, focusing on biopharmaceutical, medical technology, and cannabis sectors. His expertise includes leading transaction opportunities and evaluating strategic alternatives. Previously, he held a senior role at Deloitte, overseeing advisory services for the middle-market life sciences segment. This appointment reflects FTI’s commitment to enhancing its healthcare and life sciences capabilities.
FTI Consulting (NYSE: FCN) has successfully completed its acquisition of The Rhodes Group, a prominent construction consulting firm. This strategic move adds approximately 40 professionals, including senior directors, to FTI's Construction & Environmental Solutions team. The Rhodes Group, founded in 1999, specializes in construction advisory and forensic accounting services, enhancing FTI's capabilities in dispute resolution across various sectors. This acquisition aims to expand FTI Consulting's service offerings and provide existing clients with enhanced resources.
FTI Consulting reported First Quarter 2021 revenues of $686.3 million, a 13.5% increase from $604.6 million in the same quarter last year. EPS rose to $1.84, up 23.5% year-over-year. Adjusted EPS was $1.89, reflecting strong performance in Economic Consulting and Technology segments. Net income hit $64.5 million, driven by improved operating profits except in Corporate Finance & Restructuring. The company repurchased 421,725 shares at an average price of $109.37. Cash and cash equivalents stood at $233.4 million.
FTI Consulting has appointed Nick Athanasi as Senior Managing Director in Dubai to lead its Technology segment across the Middle East, Africa, and India. With over 30 years of experience in forensic technology and litigation, Athanasi aims to enhance services in e-discovery and security. This strategic move comes as organizations in these regions face increased regulatory scrutiny and economic challenges, highlighting FTI's commitment to providing innovative solutions. The firm recorded $2.46 billion in revenue for FY 2020, indicating strong market presence.
FTI Consulting (NYSE: FCN) announces the recognition of Senior Managing Directors Sophie Ross, Joshua Burch, and Brent McGoldrick as Global Leaders in Consulting by Consulting magazine. Ross is honored for Excellence in Innovation, Burch for Excellence in Execution, and McGoldrick for Excellence in Engagement. Their leadership has significantly contributed to the growth of FTI Consulting, which generated $2.46 billion in revenue in fiscal year 2020. This recognition highlights the firm's commitment to excellence across its various consulting sectors.
FTI Consulting (NYSE: FCN) announced that 30 professionals from its Corporate Finance, Forensic and Litigation Consulting, and Technology segments have been recognized in the Who’s Who Legal: Investigations 2021 list. Notably, 21 experts were honored in the Forensic Accountants category, and 9 in the Digital Forensic Experts category. Additionally, five professionals received Future Leaders recognition, indicating their significant impact in their fields. This accolade follows FTI Consulting's previous success as the Consulting Firm of the Year in five categories at the 2020 Who’s Who Legal Awards.
FTI Consulting (NYSE: FCN) has announced the appointment of Wynand Mullins as Senior Managing Director in its Forensic and Litigation Consulting segment in Sydney on April 11, 2021. With over 20 years of experience in forensic accounting and expert witness roles in Australia, New Zealand, and the UK, Mullins aims to enhance the Australian practice's growth. His expertise includes class actions and insurance claims, backing the segment's commitment to providing independent dispute advisory and forensic accounting services.
FTI Consulting (NYSE: FCN) will release its financial results for Q1 2021 on April 29, 2021, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. ET, featuring senior management discussing the results. The call can be accessed via the Company's investor relations website, with a replay available for 90 days. FTI Consulting, a global business advisory firm, generated $2.46 billion in revenue in 2020, employing over 6,300 professionals in 28 countries.
FTI Consulting (NYSE: FCN) expands its Corporate Finance & Restructuring segment in EMEA with the appointments of Joaquín Coronado in Madrid and Stephen Haw in Abu Dhabi. Coronado will enhance FTI's restructuring and business transformation offerings, focusing on private equity and corporate clients. Haw will provide strategic consulting services, addressing operational, regulatory, and market design challenges. This expansion aims to support clients in navigating economic recovery, especially in the context of restructurings and transformations post-pandemic.
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