Fti Consulting Inc Stock Price, News & Analysis

FTI Consulting, Inc. (NYSE: FCN) announced that Brenda J. Bacon, a Board member since 2006, has been named to Savoy magazine’s 2021 Most Influential Black Corporate Directors list. Bacon, who is the CEO of Brandywine Living, has significantly contributed to FTI Consulting's growth and governance. Steven H. Gunby, President and CEO, praised her leadership and impact. Bacon’s extensive background includes a cabinet-level position in New Jersey and co-chairing a healthcare transition during President Clinton’s administration. FTI Consulting generated $2.46 billion in revenues in 2020.

FTI Consulting reported Q3 2021 revenues of $702.2 million, a 13% increase from $622.2 million year-over-year. EPS rose 45% to $1.96, with adjusted EPS at $2.02, up 31%. The company raised its full-year revenue guidance to between $2.750 billion and $2.800 billion, and EPS guidance to $6.39 to $6.64. Net income reached $69.5 million vs $50.2 million, driven by increased revenues and FX gains, despite higher expenses. Cash and equivalents improved to $342.5 million. The company experienced higher demand across all business segments.

FTI Consulting has released a study examining post-bankruptcy strategies for companies. The survey, involving 50 business leaders, revealed that 72% find their capital structure burdensome, and only 12% addressed vital structural issues. Nearly half (44%) felt unable to focus on important business matters during bankruptcy, potentially hindering growth. The report highlights that 88% of Chapter 11 cases between January 2019 and May 2021 emerged successfully, yet many companies remain unprepared for future challenges, especially in technology (14%), cost (22%), and talent (26%).

FTI Consulting (NYSE: FCN) has appointed Steve Lutfy as Senior Managing Director in its Health Solutions practice. Lutfy brings over 40 years of experience in healthcare revenue cycle management, previously leading a large accounts receivable outsourcing center recognized five times as Best in KLAS. His strategic vision is expected to enhance FTI's client services in optimizing revenue cycle processes. The firm generated $2.46 billion in revenues during fiscal year 2020, and continues to expand its expertise in managing complex business challenges.

FTI Consulting appoints Al Park as Senior Managing Director in its Technology segment, enhancing its capabilities in data risk, compliance, and legal operations. Joining him are new Managing Directors Angela Eavy, Collin Miller, Lane Spears, and Lily Wen, all bringing extensive experience to bolster FTI's offerings. Park aims to address compliance challenges faced by organizations in a complex business environment. This expansion reflects FTI's commitment to managing evolving data-related risks and enhancing compliance for multinational clients.

FTI Consulting (NYSE: FCN) has appointed Anthony Primiano as Senior Managing Director in its Broker-Dealer Regulatory & Litigation group, enhancing its Financial Services practice. With nearly 30 years of experience in compliance and regulatory management, Primiano will focus on compliance advisory and risk management services for clients, particularly in wealth management. This strategic hire aligns with FTI's recent investments aimed at strengthening its capabilities in a complex regulatory environment.

FTI Consulting (NYSE: FCN) announced that Stella Mendes and Caroline Parker have been recognized in Consulting magazine’s 2021 Women Leaders in Consulting list. Mendes received honors in the Leadership category and leads the Financial Services practice, while Parker was acknowledged in the Client Service category and manages global communications programs. Chief Human Resources Officer Holly Paul praised their commitment to inspire future leaders in consulting. FTI Consulting generated $2.46 billion in revenue during the fiscal year 2020.