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 global leader in business advisory services, specializing in corporate finance, risk mitigation, and strategic communications. This news hub provides investors and professionals with timely updates on the company’s latest developments, including earnings reports, strategic partnerships, and operational milestones.
Discover comprehensive coverage of FCN’s activities across its core service areas: financial restructuring, cybersecurity initiatives, economic consulting projects, and reputation management strategies. Our curated news collection serves as your primary source for understanding how FCN addresses complex challenges in industries ranging from healthcare to technology.
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FTI Consulting (FCN) reported Q1 2023 revenues of $806.7 million, marking an 11.5% increase from $723.6 million in Q1 2022. When adjusted for foreign currency exchange impacts, revenues rose by 13.8%. The company's net income was $47.5 million, down from $59.3 million year-over-year, influenced by rising compensation costs, including an 11% increase in billable headcount, and higher operational expenses. The adjusted EBITDA was $78.4 million, representing 9.7% of revenues, a decrease from the previous year’s 12.5%.
FTI Consulting's cash and cash equivalents totaled $238.5 million at the end of March 2023, a decline from $491.7 million at the end of 2022. The company also repurchased 112,139 shares of common stock for approximately $17.8 million.
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