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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.
Research by FTI Consulting indicates that CEOs with strong communication skills helped protect up to USD$260 billion in shareholder value during the early stages of the COVID-19 pandemic. The study found that 81% of the fastest-growing companies since 2015 had vocal CEOs. Notably, these 'stakeholder CEOs' outperformed peers by an average of 3.75%. The analysis covered CEOs from the top 100 companies based on share price growth from 2015 to 2019, highlighting the impact of effective communication on corporate performance during crises.
FTI Consulting (NYSE: FCN) will release its financial results for the second quarter of 2020 on July 30, 2020, before the New York market opens. A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time on the same day, hosted by senior management. The call will be available live online, and a replay will be accessible for 90 days. In the previous fiscal year, FTI Consulting generated $2.35 billion in revenues. The company operates globally with over 5,500 employees in 27 countries.
FTI Consulting (NYSE: FCN) has appointed Daniel P. Wikel as Senior Managing Director in its Turnaround & Restructuring practice. Based in Chicago, Wikel brings extensive experience in managing corporate turnarounds, restructurings, and capital advisory. He previously led the Corporate Advisory Services at Huron Consulting Group and has worked with various industries including logistics and consumer products. This appointment is seen as pivotal for FTI Consulting amid ongoing financial challenges for clients due to the pandemic, according to Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment.
FTI Consulting (NYSE: FCN) has appointed Andrew McCarthy as Senior Managing Director and Anna Bleazard as Managing Director in its Financial Crime Compliance practice in Singapore. This move aims to strengthen its offerings in Southeast Asia. McCarthy brings extensive experience in anti-money laundering and compliance, while Bleazard has a strong background in forensic accounting and fraud investigations. The firm generated $2.35 billion in revenues in fiscal year 2019, positioning it as a key player in the business advisory sector.
On July 6, 2020, FTI Consulting (NYSE: FCN) appointed Mathias Samson as Senior Managing Director leading its Public Affairs practice in Germany. Samson, an expert in economic, environmental, and energy policy, previously served as State Secretary in the Hessian Ministry of Economics. His role involves advising clients on navigating complex challenges and mitigating political risks. He aims to enhance stakeholder engagement strategies while collaborating with FTI’s global network. The firm generated $2.35 billion in revenue in 2019, emphasizing its strength in strategic communications and consulting services.
FTI Consulting (NYSE: FCN) has appointed Heiko Ziehms and Dr. Ekaterina Lohwasser as Senior Managing Directors to spearhead growth in the Economic Consulting segment in Germany. Ziehms brings over 20 years of experience in quantification of damages and forensic accounting, while Lohwasser has 18 years of expertise in the German market, specializing in valuation issues. Their appointments aim to enhance expert witness services amid increasing demand in international arbitration and litigation.
FTI Consulting (NYSE: FCN) has announced the appointment of Kevin Barrentine as Senior Managing Director within its Corporate Finance & Restructuring segment. Based in Atlanta, Barrentine brings over 30 years of experience in restructuring and performance improvement. He has extensive expertise in managing distressed businesses across various industries. His addition is part of FTI's ongoing investment in this practice amid significant client challenges. The firm previously appointed Matt Callaghan and Kieran Douglas to bolster its leadership in restructuring and insolvency.
FTI Consulting (NYSE: FCN) announced the appointment of four new directors within its Technology segment across EMEA, effective June 11, 2020. The new leaders, Jonathan Chan, Renato Fazzone, Richard Palmer, and Grainne Bryan, will enhance the firm's capabilities in e-discovery, data analysis, and legal consulting. Chan will focus on e-discovery projects, Fazzone will lead the Germany operations, Palmer specializes in AI analytics, and Bryan will establish a presence in Ireland. This initiative underlines FTI's commitment to providing expert solutions to clients navigating legal and regulatory challenges.
FTI Consulting, Inc. (NYSE: FCN) has appointed Rocco deGrasse as Senior Managing Director and Midwest Leader in its Global Risk and Investigations Practice. Based in Chicago, deGrasse brings over a decade of expertise in FCPA compliance and investigations. He previously served as Co-Chair at The Claro Group and spent 15 years at KPMG LLP, where he focused on fraud and misconduct investigations. The firm aims to expand its forensic practice in Chicago, leveraging deGrasse's extensive network and experience.
FTI Consulting announces the appointment of Matt Callaghan as Senior Managing Director in its Corporate Finance & Restructuring segment, focusing on the UK mid-market and insolvency. Callaghan, who has a 17-year background at PwC, adds significant expertise in restructuring and insolvency cases across multiple industries. His appointment is expected to enhance FTI's market-leading insolvency services and strengthen its position as a leading global restructuring firm, following recent accolades in the sector.
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