Fti Consulting Inc Stock Price, News & Analysis

The 2021 Resilience Barometer report from FTI Consulting reveals that companies are facing increased scrutiny due to socio-economic impacts of COVID-19. Key findings include that 80% of executives believe their business model must change to remain competitive. Additionally, 97% are investing in crisis preparedness, with a focus on technology to mitigate risks. Companies report heightened concerns about their business conduct, sustainability practices, and relationships with government entities. Cybersecurity threats and talent shortages are also critical issues affecting operational resilience.

FTI Consulting (NYSE: FCN) announced that it and its subsidiary, Compass Lexecon, achieved significant recognition by having 152 professionals named to the Who’s Who Legal: Consulting Experts guide for the sixth consecutive year. The professionals span various sectors such as Corporate Finance & Restructuring, Economic Consulting, and Forensic and Litigation Consulting, representing 17 countries. The firm generated $2.46 billion in revenue during fiscal 2020, showcasing its global presence and expertise in managing complex business challenges.

FTI Consulting announced the appointment of Jason Sabot as Senior Managing Director and Stephen P. Glascoe as Managing Director in its Broker-Dealer Regulatory & Litigation group. Sabot brings extensive experience from FINRA and major financial institutions, while Glascoe has over 40 years in brokerage and investment banking, including significant roles at the SEC. Their expertise aims to enhance FTI's ability to assist clients with complex regulatory challenges. This investment reflects FTI's commitment to growing its Financial Services practice and supporting clients in navigating regulatory landscapes.

FTI Consulting (NYSE: FCN) has been awarded Global Turnaround Consulting Firm of the Year and Public Relations Firm of the Year by Global M&A Network. The firm excelled in 14 restructuring and merger & acquisition projects, showcasing its strength in the turnaround and restructuring space. Notable recognitions include E-Commerce Restructuring of the Year for the Saadia Group and several awards for Chapter 11 restructurings in various sectors. This recognition highlights FTI's commitment and expertise, reinforcing its competitive position in the market.

On August 2, 2021, FTI Consulting (NYSE: FCN) was recognized by Global Arbitration Review as a leading expert witness firm, ranking first overall, with its subsidiary Compass Lexecon coming in second. The analysis highlighted FTI's significant presence, reporting 223 experts attending hearings between August 2018 and August 2020. FTI also led in construction-related arbitrations with 88 cases, while Compass Lexecon topped in investor-state hearings with 39. The recognition indicates strong reputational authority in the arbitration sector.

FTI Consulting reported Q2 2021 revenues of $711.5 million, a 17.0% increase from $607.9 million in Q2 2020. Earnings per share (EPS) reached $1.77, up 39.4% year-over-year. Adjusted EPS was $1.74, reflecting a 31.8% rise. The company raised its full-year revenue guidance to between $2.700 billion and $2.800 billion. Positive contributions came from segments including Forensic and Litigation Consulting and Technology. However, Corporate Finance & Restructuring saw a 6.1% revenue decline due to lower demand.

FTI Consulting (NYSE: FCN) announced the appointment of Renée Law Bertuch as Senior Managing Director in its Strategic Communications segment in Australia. Based in Sydney, she brings over 20 years of experience in advising clients on investor relations and crisis management. Previously CEO at Cannings Strategic Communications, Law Bertuch led transactions worth over AU$5 billion. Her expertise is expected to enhance FTI's offerings in communications challenges, particularly in the Australian market, as highlighted by comments from key leadership.

FTI Consulting (NYSE: FCN) announced substantial growth in its Corporate Finance & Restructuring segment in Australia, with the recruitment of seven Senior Managing Directors in six months, notably five from Big Four consulting firms. These appointments, including John Batchelor's return from Hong Kong, enhance FTI's market-leading restructuring practice. Mark Dewar emphasized their goal of replicating global success in Australia. With increased talent, FTI aims to deliver superior advisory services for complex restructurings across multiple jurisdictions.