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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) announced the appointment of Michele Booth and Sumeet Gupta as Senior Managing Directors in the Business Transformation practice. Booth, based in Chicago, brings over 15 years of consulting experience focused on customer experience and digital strategy. Gupta, based in Dallas, has 20 years of experience in digital product expertise and engineering leadership. Their expertise aims to enhance revenue growth and implement strategic digital transformation initiatives, addressing the growing demand for improved customer experiences.
FTI Consulting reported third-quarter 2020 revenues of $622.2 million, a 4.9% increase from $593.1 million year-on-year. However, EPS fell 15.1% to $1.35 due to a special charge of $7.1 million. Adjusted EPS was $1.54, down 5.5% from last year. The company revised its full-year guidance, expecting revenues between $2.42 billion and $2.47 billion, lower than the previous range. Key growth was seen in Corporate Finance & Restructuring, while segments like Forensic and Litigation Consulting faced declines.
FTI Consulting (NYSE: FCN) has been recognized as a leading firm in financial crisis management according to ALM Intelligence’s Pacesetter Research: Financial Crisis Management 2020 report. The firm was evaluated among 26 market leaders based on criteria including business model and client enablement. Notably, FTI Consulting operates a multidisciplinary team, integrating finance and risk specialists, which enhances its service delivery. CEO Steven H. Gunby expressed pride in this recognition, underscoring the firm’s commitment to addressing clients' critical issues during crises.
Vikas Papriwal has been appointed as the Senior Managing Director in FTI Consulting's Corporate Finance & Restructuring practice, leading operations in the Middle East from Dubai. With nearly 30 years of experience, he has advised on over 200 transactions across 15 countries, including significant debt restructurings in the UAE. Papriwal's expertise is expected to enhance FTI Consulting's global reach and strengthen its position as a leading independent restructuring firm. This appointment follows their recent acquisition of Delta Partners, bolstering their capabilities in financial advisory.
FTI Consulting, Inc. (NYSE: FCN) has appointed Omar Aguilar as a Senior Managing Director within its Corporate Finance & Restructuring segment, based in Houston. Aguilar will enhance the firm’s Business Transformation offerings, focusing on performance improvement in the Energy, Power & Products sectors.
His expertise in cost management and business transformation will support clients in navigating challenges amplified by the COVID-19 pandemic. Prior to joining FTI Consulting, Aguilar was a senior Partner at Deloitte Consulting, underscoring his extensive industry experience.
FTI Consulting has received three honors at the 17th annual Stevie Awards for Women in Business, highlighting its commitment to diversity and leadership development. Sophie Ross, CEO of the Technology segment, won two Silver Stevie Awards for Woman of the Year and Female Executive of the Year. The FTI WIN program, aimed at empowering women, garnered a Bronze award for its achievements since its inception in 2013, promoting over 1,830 women, including 56 Senior Managing Directors. These awards reflect FTI's dedication to enhancing diversity and inclusion within the consulting industry.
FTI Consulting revised its 2020 U.S. online retail sales forecast to $748 billion, up from $598 billion in 2019, marking a 25% increase and the strongest growth since 2006. This surge is attributed to changes in consumer behavior due to COVID-19, with significant growth in online grocery and home-related purchases. The forecast predicts online retail sales will hit $1 trillion by 2023 and suggests a market share increase to 27% by 2025. However, annual growth rates are expected to decelerate to low double digits in the coming years.
FTI Consulting (NYSE: FCN) will announce its third-quarter financial results for the period ending September 30, 2020, before the New York market opens on October 29, 2020. A conference call to discuss these results is scheduled for the same day at 9:00 a.m. Eastern Time, featuring senior management. Access to the call will be available online, with a replay expected for 90 days.
The firm generated $2.35 billion in revenues in 2019, with a global workforce of over 5,800 employees across 27 countries.
FTI Consulting (NYSE: FCN) has announced that four of its professionals were recognized in Crain’s third annual list of Notable Women in Accounting and Consulting.
The professionals recognized include Naidira Alemova, Sheba Bellazain-Harris, Roxana Fariborz, and Yunsoo Kim, who collectively contribute over 85 years of experience in various fields of consulting.
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