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.
FTI Consulting (NYSE: FCN) announced that it and its subsidiary, Compass Lexecon, achieved recognition in the Who’s Who Legal: Consulting Experts guide for the fifth consecutive year. A total of 154 professionals from FTI Consulting were named, showcasing expertise in corporate finance, forensic consulting, and economic analysis across 18 countries. This achievement highlights the firm’s global reach and specialized skills in economic, forensic, and litigation services, enhancing its reputation in the consulting sector.
FTI Consulting (FCN) announced that it and its subsidiary Compass Lexecon achieved significant recognition with 154 professionals named in the Who’s Who Legal: Consulting Experts guide for 2020. This marks the fifth consecutive year of being industry leaders in economic, forensic, litigation, and transactional services. The recognized experts span 18 countries, showcasing FTI's global expertise across multiple segments including Corporate Finance, Forensic Consulting, and Economic Consulting.
FTI Consulting (FCN) announced the appointment of Todd Mello as Senior Managing Director and leader of its Valuation Services group within the Health Solutions practice. Mello, with 30 years of experience in valuation and transactions, has worked extensively with healthcare systems, pharmaceutical, and medical device companies. His expertise includes appraisals of business enterprises and fair market value determinations. The firm aims to enhance its capabilities amidst a growing demand for healthcare valuation services due to increased business combinations in the sector.
Compass Lexecon has expanded its operations by opening a new office in Copenhagen, Denmark, appointing Thomas Rønde as an Academic Affiliate. Rønde, a former Chief Economist at the Danish Competition and Consumer Authority, brings significant expertise in competition policy and regulation. The new office will support Compass Lexecon's growing Nordic team, enhancing its capabilities to provide economic analysis and advice in competition, litigation, and arbitration cases. The firm has previously achieved notable successes before the Nordic competition authorities and the European Commission.
FTI Consulting (NYSE: FCN) announced the launch of its Real Estate Business Transformation practice, aimed at assisting organizations in navigating the rapidly evolving real estate landscape. Senior Managing Director Josh Herrenkohl will lead this initiative, which integrates various services like Technology and Operating Services, Analytics, and Corporate Real Estate Strategy. The new offering aims to help clients adapt to disruptions in the real estate market while maximizing value from their investments. Herrenkohl has extensive experience in the field and previously led global real estate consulting at EY.
FTI Consulting (NYSE: FCN) expands FTI Capital Advisors by hiring Colin McCafferty as Senior Managing Director along with his team from McCafferty & Company. This strategic addition enhances the firm's expertise in telecommunications, media, and technology sectors. McCafferty brings valuable experience in financial advisory, M&A, and capital markets from past roles at Saban Capital Group and Goldman Sachs. FTI Consulting aims to strengthen its TMT offerings globally, following recent appointments and acquisitions in the sector.
FTI Consulting (NYSE: FCN) announced the appointment of Steve Morgan and Donald Good as Managing Directors in its Cybersecurity practice. Morgan joins from the UK government, where he managed security for the Prime Minister, while Good comes from Citibank, previously holding senior roles at the FBI. Their expertise aims to bolster FTI's capabilities in addressing cybersecurity threats, which remain a primary concern for organizations. Recent data indicates less than half of executives proactively manage cyber-attacks, underscoring the critical need for enhanced security measures.
FTI Consulting (NYSE: FCN) announced the appointment of Rick Arrowsmith as a Senior Managing Director in its Corporate Finance & Restructuring segment, enhancing its healthcare restructuring capabilities. Arrowsmith brings 25 years of experience in turnaround and restructuring advisory, focusing on healthcare sectors such as senior living and medical equipment. His previous roles include restructuring advisor for LVI Intermediate Holdings Inc. and working with distressed borrowers in the equipment sector. This appointment aims to provide comprehensive solutions for healthcare clients facing challenges from the COVID-19 pandemic and economic pressures.
FTI Consulting (NYSE: FCN) announced the launch of a dedicated global aviation practice, enhancing its capabilities for the airline and aviation sectors. This initiative involves the appointment of two Senior Managing Directors and four Managing Directors, who bring extensive experience from restructuring and investment banking. The firm aims to assist aviation clients in stabilizing their businesses amid ongoing industry challenges. This expansion reflects FTI's commitment to helping clients navigate complex scenarios and maximize enterprise value as they recover from the downturn.
FAQ
What is the current stock price of FTI Consulting (FCN)?
What is the market cap of FTI Consulting (FCN)?
What services does FTI Consulting offer?
What industries does FTI Consulting serve?
Where is FTI Consulting headquartered?
How many employees does FTI Consulting have?
What recent developments have occurred at FTI Consulting?
What was FTI Consulting's revenue for the year 2023?
Which segment contributes the most to FTI Consulting's revenue?
How does FTI Consulting support private equity clients?
What cybersecurity services does FTI Consulting offer?
Where can I find more information about FTI Consulting?
