Fti Consulting Inc Stock Price, News & Analysis

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.

FTI Consulting (NYSE: FCN) has appointed Anthony Gotzis as Senior Managing Director and Jacinthe Guindon as Managing Director in its Life Sciences sector. Together, they bring over 60 years of combined experience in the life sciences industry. Gotzis, based in Philadelphia, has nearly 30 years of experience implementing transformation initiatives for operational efficiencies. Guindon, from Toronto, has over 30 years of experience in clinical development across pharmaceuticals and medical devices.

Both leaders will enhance FTI's capabilities to address pressing challenges in the life sciences, focusing on R&D, compliance, and strategic management. FTI Consulting generated $3.03 billion in revenue in fiscal 2022 and continues to support clients in navigating complex business environments.

FTI Consulting has appointed Jasper Schrijver as Senior Managing Director to lead its European human capital offering within the Corporate Finance & Restructuring segment. The announcement, made on April 19, 2023, reflects the company’s commitment to enhancing its business transformation capabilities in the EMEA region. Schrijver, who brings over 15 years of experience in human capital management and transformation, will work with a team of three professionals, further strengthening the firm's expertise in aviation and labor-intensive industries.

The addition of Schrijver and his team highlights FTI Consulting's ongoing investments in specialized aviation consulting after acquiring FTI-BOLD in February 2022. The firm's revenue reached $3.03 billion in fiscal year 2022, showcasing its strong market position.

FTI Consulting (NYSE: FCN) announced a partnership with Smarsh to enhance its Technology segment offerings in digital communications compliance and risk management. This collaboration positions FTI Technology among a select group of providers capable of delivering integrated technology solutions, particularly in response to increasing client demands for improved compliance monitoring and governance.

A recent report indicated that 63% of business leaders are concerned about rising compliance risks, with 66% planning to invest in technology solutions. The partnership will support services such as communications archiving, e-discovery, and integration with emerging data sources like Slack and WhatsApp, ultimately helping clients manage risks and compliance challenges effectively.