FTI Consulting, Inc. - FCN STOCK NEWS

FTI Consulting has appointed Miriam Wrobel as Senior Managing Director in San Francisco to strengthen its Power & Renewables practice. With extensive experience in renewable energy finance and strategy, Wrobel will enhance the firm's advisory services for clients involved in energy transformation. This appointment aligns with the anticipated increase in renewable energy deal flow in 2021, supported by the Biden administration's investment plans. FTI Consulting generated $2.46 billion in revenue during fiscal year 2020, showcasing its robust market presence.

FTI Consulting (NYSE: FCN) appointed Jason Shafrin, Ph.D., as Senior Managing Director in its Center for Healthcare Economics and Policy. Dr. Shafrin, based in Los Angeles, has over 15 years of experience in health economics, focusing on policy and regulatory issues. His role enhances FTI's capabilities in advanced analytics and economic modeling, particularly for healthcare and life sciences sectors. The firm aims to address complex health economics challenges as the healthcare industry undergoes significant transformation.

FTI Consulting reported fourth quarter 2020 revenues of $626.6 million, marking a 4.0% increase year-over-year. The EPS of $1.57 rose 106.6% compared to the previous year. Full year revenues reached $2.461 billion, a 4.6% increase, while EPS declined slightly to $5.67. The revenue growth was primarily driven by the Corporate Finance & Restructuring segment. The company announced guidance for 2021, expecting revenues between $2.575 billion and $2.700 billion, with EPS projected between $5.60 and $6.30.

FTI Consulting announces the appointment of Bryan Zumwalt as Senior Managing Director and Head of Government Affairs. Zumwalt, with extensive experience on Capitol Hill and in trade associations, will guide clients through complex regulatory landscapes. He joins from the Consumer Brands Association and previously worked at the American Chemistry Council. His leadership aims to strengthen FTI’s ability to assist clients managing legislative risks. Zumwalt's background includes significant advocacy campaign successes and legal expertise.

According to FTI Consulting's Resilience Barometer COVID-19 Report, over 75% of companies need to change their business models due to the pandemic. The survey of over 2,000 large firms in G-20 nations reveals that 90% emphasize planning for unknown risks, with 60% facing challenges in debt servicing. Companies report an average revenue decline of 10% and headcount drop of 12%. 78% of respondents believe reevaluating their business models is essential, with 30% needing restructuring or refinancing as a result of COVID-19’s impacts.

FTI Consulting (NYSE: FCN) appointed Nick Adams as Senior Managing Director and Johnny Chao as Associate Director in its Construction Solutions practice in Hong Kong. Both bring substantial experience from Aspect Asia, enhancing the firm’s construction expertise. Adams, with over 35 years in the field, specializes in contractual claims and expert advice, while Chao has over 30 years of experience in major projects across several countries. Their appointments come at a time of increasing demand for construction solutions, strengthening FTI's competitive position in the Asia Pacific region.

FTI Consulting has expanded its partnership with Relativity to introduce RelativityOne in Canada, enhancing its cloud-based e-discovery offerings. This strategic move comes in response to the growing demands for e-discovery solutions amidst increasing regulatory scrutiny, particularly from the Canadian Competition Bureau. Experts anticipate a rise in the volume, cost, and complexity of e-discovery related to merger investigations. The expansion aims to equip clients with advanced analytics and a secure platform to handle complex legal challenges.

Compass Lexecon, a subsidiary of FTI Consulting (NYSE: FCN), has opened a new office in Milan, Italy, strengthening its presence in Europe. With a team of 280 professionals across EMEA, including 29 economists in Italy, Compass Lexecon has extensive experience in competition policy and regulatory matters. The Milan office aims to provide dedicated support to Italian law firms and corporations, leveraging the firm's regional expertise. The team will be led by Lorenzo Coppi and Martina Caldana, supported by academic affiliates from Bocconi and Bergamo University.

FTI Consulting and Real Estate Fund Intelligence released a study on the effects of COVID-19 on commercial real estate investment trends. Results indicate a mixed recovery outlook, with 75% predicting a quick V-shaped recovery for the industrial sector, while urban office assets are expected to follow a U-shaped recovery pattern (49%). The retail and hospitality sectors anticipate slower rebounds, with 70% foreseeing an L-shaped recovery for shopping malls. In 2021, 44% of institutional investors expect higher transaction volumes, driven by potential vaccines and market volatility.