Fti Consulting Inc Stock Price, News & Analysis

FTI Consulting reported third quarter 2022 revenues of $775.9 million, marking a 10.5% year-over-year increase. Excluding foreign currency impacts, revenues rose by 14.8%. EPS also increased to $2.15, up 9.7% from $1.96 in the previous year.

The firm narrowed its full-year 2022 revenue guidance to between $2.965 billion and $3.025 billion and EPS to $6.40 to $6.80. Cash provided by operations declined to $128.3 million compared to $196.9 million in Q3 2021.

FTI Consulting (NYSE: FCN) announced an expansion of its legal department transformation solutions within the consulting sector. The enhancements focus on critical areas such as business strategy alignment, legal technology adoption, and spend management. As legal operations grow in importance, the firm aims to help corporate legal departments overcome challenges like outdated technologies and process improvements. A recent study revealed 44% of legal departments need to upgrade core technologies, with 60% citing business process enhancements as their leading challenge.

FTI Consulting (NYSE: FCN) is enhancing its Corporate Finance & Restructuring segment in EMEA with the addition of three Senior Managing Directors: Connie Chan, Emma Donnelly, and Raphaël Miolane. Chan brings over 20 years of transformation expertise, Miolane has extensive experience in the retail and food sectors, and Donnelly specializes in transfer pricing. These appointments aim to strengthen FTI's Business Transformation and Tax practices, reflecting ongoing investment in talent to meet client demands and market needs.

FTI Consulting, Inc. (NYSE: FCN) announced the resignation of Nicole S. Jones from the Board of Directors effective October 14, 2022. Ms. Jones stepped down due to scheduling conflicts arising from her role as Executive Vice President and General Counsel at Cigna Corporation. Her departure was not linked to any disagreements with the company or its management. Following her resignation, the Board's size decreased from ten to nine members. Ms. Jones served as a director since March 2022, and the company expressed gratitude for her contributions during her tenure.

FTI Consulting (NYSE: FCN) has appointed Susan Hartman as Senior Managing Director within its Risk and Investigations practice, part of the Forensic and Litigation Consulting segment. With over 20 years of experience in finance and accounting, Hartman will focus on financial forensic investigations. Her previous roles include partner at BVA Group and Director at AlixPartners. This appointment aims to enhance FTI's forensic accounting and investigative services, addressing the complexities in the regulatory and financial landscape.

FTI Consulting, Inc. (NYSE: FCN) will announce its third-quarter financial results for the period ending September 30, 2022, before the market opens on October 27, 2022. A conference call to discuss these results will occur on the same day at 9:00 a.m. ET, featuring senior management. Investors can access the live stream and a subsequent 90-day replay via the company's investor relations website. FTI Consulting reported $2.78 billion in revenue for the fiscal year 2021, indicating its significant presence in the global business advisory sector.

FTI Consulting, Inc. (NYSE: FCN) has enhanced its business transformation expertise by appointing Heiko Rauscher as Senior Managing Director in its Corporate Finance & Restructuring segment. With over 20 years of experience, Rauscher specializes in the automotive and industrial sectors and has successfully led complex transformation projects. His background includes significant roles in China, contributing to the transformation of major corporations. This addition aims to strengthen FTI's advisory capabilities amidst ongoing industry changes.