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FTI Consulting, Inc. - FCN STOCK NEWS

Welcome to our dedicated page for FTI Consulting news (Ticker: FCN), a resource for investors and traders seeking the latest updates and insights on FTI Consulting stock.

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.

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FTI Consulting (NYSE: FCN) has been recognized for the 11th consecutive year at the top of the Who’s Who Legal Arbitration 2021: Expert Witnesses list. The prestigious ranking includes 61 expert witnesses from FTI's Economic Consulting and Forensic and Litigation Consulting segments. They notably had three times as many experts as the next closest firm. Additionally, several professionals were recognized as Global Elite Thought Leaders, highlighting their significant contributions to arbitration.

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FTI Consulting announced the appointment of Dave Katz as a Senior Managing Director in the Corporate Finance & Restructuring segment, enhancing its Senior Lender Advisory practice. Katz, based in Houston, brings over 20 years of experience in complex restructurings and transactions, particularly in the energy sector. His expertise includes restructuring, performance improvement, and capital markets execution. Katz previously served as Managing Director at JPMorgan Chase, focusing on North American risk coverage across various industries.

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FTI Consulting and the IAPP have released their Privacy Governance Report for 2020, surveying over 450 privacy professionals. The report highlights increased importance of privacy due to COVID-19, with 40% of respondents emphasizing its significance. Privacy budgets rose by 8% to a mean of $2 million for large companies, while compliance with data privacy laws remains a top concern. However, hiring freezes are prevalent, with 71% of organizations expecting no change in privacy staffing. The report indicates ongoing challenges from legislative changes, including GDPR and CCPA compliance.

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FTI Consulting (NYSE: FCN) has appointed seven new professionals to its Health Solutions practice, enhancing its service capabilities. Notable additions include Senior Managing Directors James Fisher, Julie Kliger, and Kevin McCadden, among others. Each brings extensive healthcare expertise and is expected to improve client engagement amidst ongoing industry challenges. FTI Consulting aims to strengthen its Health Solutions division, which aligns with its strategic goals, having generated $2.35 billion in revenues in 2019.

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FTI Consulting (NYSE: FCN) has enhanced its Data & Analytics practice by appointing Richard Chalk and Yuval Saban as Senior Managing Directors. Chalk, based in London, specializes in complex data analytics and compliance investigations, while Saban, located in New York, focuses on AI-centered business transformation solutions. Paul Ficca, Global Segment Leader, emphasized the importance of data analytics in managing complex corporate and legal matters. These strategic hires aim to bolster FTI Consulting's capabilities in forensics and litigation consulting.

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FTI Consulting's Board of Directors has authorized an additional $200 million for its stock repurchase program as of December 3, 2020. This follows the repurchase of approximately 10.2 million shares at an average price of $65.31, totaling around $669.5 million. Post this authorization, approximately $230.5 million remains available for repurchases. The program's timing and amounts will be determined by management based on market conditions. The company generated $2.35 billion in revenue for fiscal 2019.

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FTI Consulting (NYSE: FCN) announced that Michael Eisenband, Global Co-Leader of their Corporate Finance & Restructuring segment, will be inducted into the American College of Bankruptcy’s 32nd Class of Fellows. This accolade recognizes his extensive contributions to bankruptcy and insolvency. With over 30 years of experience in various sectors, Eisenband is noted for his leadership in restructuring advice for complex Chapter 11 cases. The firm emphasizes this recognition as a testament to his dedication to clients and the firm, reinforcing their expertise in the industry.

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FTI Consulting (NYSE: FCN) received the 2020 Special Contribution Award for its significant role in delivering personal protective equipment to New York City during the COVID-19 pandemic. Recognized at the Procurement Success Awards, the firm collaborated with the City Mayor's Office and suppliers in China to ensure quality and timely deliveries. FTI's efforts included enhancing inventory systems and logistics, ultimately supporting healthcare workers on the frontlines. The company continues to focus on risk management and operational challenges in a complex business landscape.

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FAQ

What is the current stock price of FTI Consulting (FCN)?

The current stock price of FTI Consulting (FCN) is $194.09 as of December 24, 2024.

What is the market cap of FTI Consulting (FCN)?

The market cap of FTI Consulting (FCN) is approximately 7.0B.

What services does FTI Consulting offer?

FTI Consulting provides services in corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology, and strategic communications.

What industries does FTI Consulting serve?

FTI Consulting serves a range of industries including construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology.

Where is FTI Consulting headquartered?

FTI Consulting is headquartered in Washington, D.C.

How many employees does FTI Consulting have?

FTI Consulting employs more than 8,000 professionals worldwide.

What recent developments have occurred at FTI Consulting?

Recent developments include the appointment of Frank Martin to expand their aviation services and Shubho Ghosh to enhance their digital transformation capabilities.

What was FTI Consulting's revenue for the year 2023?

FTI Consulting reported revenues of $3.49 billion for the year 2023.

Which segment contributes the most to FTI Consulting's revenue?

The Corporate Finance segment contributes the most to FTI Consulting's revenue.

How does FTI Consulting support private equity clients?

FTI Consulting provides value creation and post-transaction strategies through its Private Equity service offering, led by Jiva J. Jagtap.

What cybersecurity services does FTI Consulting offer?

FTI Consulting offers cybersecurity services through its Cybersecurity & Data Privacy Communications practice, addressing communication gaps and enhancing organizational resilience.

Where can I find more information about FTI Consulting?

More information can be found on their website, www.fticonsulting.com.

FTI Consulting, Inc.

NYSE:FCN

FCN Rankings

FCN Stock Data

6.98B
35.41M
1.46%
97.97%
0.69%
Consulting Services
Services-management Consulting Services
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United States of America
WASHINGTON