Fti Consulting Inc Stock Price, News & Analysis

FTI Consulting (NYSE: FCN) released findings from its annual study on corporate legal departments, highlighting how the pandemic has intensified the roles of general counsel. Most respondents indicated they face significant challenges, including dispersed workforces and technology adoption. Key findings show 84% of general counsel are now responsible for employee well-being, while 32% use AI for legal functions. The study underscores the reliance on outside legal services due to expertise gaps, and the need for improved technological competence among legal teams.

FTI Consulting (NYSE: FCN) announced the recognition of William Perlstein, Senior Managing Director, with the American College of Bankruptcy's 2020 Distinguished Service Award. This award honors significant contributions to insolvency and bankruptcy practices. Perlstein is acknowledged for his extensive experience, previously leading notable firms and legal teams, particularly at BNY Mellon. Steven H. Gunby, President and CEO, praised Perlstein's commitment to client service. FTI Consulting specializes in business advisory, generating $2.35 billion in revenue for 2019.

FTI Consulting (NYSE: FCN) announced the appointment of Michele Booth and Sumeet Gupta as Senior Managing Directors in the Business Transformation practice. Booth, based in Chicago, brings over 15 years of consulting experience focused on customer experience and digital strategy. Gupta, based in Dallas, has 20 years of experience in digital product expertise and engineering leadership. Their expertise aims to enhance revenue growth and implement strategic digital transformation initiatives, addressing the growing demand for improved customer experiences.

FTI Consulting reported third-quarter 2020 revenues of $622.2 million, a 4.9% increase from $593.1 million year-on-year. However, EPS fell 15.1% to $1.35 due to a special charge of $7.1 million. Adjusted EPS was $1.54, down 5.5% from last year. The company revised its full-year guidance, expecting revenues between $2.42 billion and $2.47 billion, lower than the previous range. Key growth was seen in Corporate Finance & Restructuring, while segments like Forensic and Litigation Consulting faced declines.

FTI Consulting (NYSE: FCN) has been recognized as a leading firm in financial crisis management according to ALM Intelligence’s Pacesetter Research: Financial Crisis Management 2020 report. The firm was evaluated among 26 market leaders based on criteria including business model and client enablement. Notably, FTI Consulting operates a multidisciplinary team, integrating finance and risk specialists, which enhances its service delivery. CEO Steven H. Gunby expressed pride in this recognition, underscoring the firm’s commitment to addressing clients' critical issues during crises.

Vikas Papriwal has been appointed as the Senior Managing Director in FTI Consulting's Corporate Finance & Restructuring practice, leading operations in the Middle East from Dubai. With nearly 30 years of experience, he has advised on over 200 transactions across 15 countries, including significant debt restructurings in the UAE. Papriwal's expertise is expected to enhance FTI Consulting's global reach and strengthen its position as a leading independent restructuring firm. This appointment follows their recent acquisition of Delta Partners, bolstering their capabilities in financial advisory.

FTI Consulting, Inc. (NYSE: FCN) has appointed Omar Aguilar as a Senior Managing Director within its Corporate Finance & Restructuring segment, based in Houston. Aguilar will enhance the firm’s Business Transformation offerings, focusing on performance improvement in the Energy, Power & Products sectors.

His expertise in cost management and business transformation will support clients in navigating challenges amplified by the COVID-19 pandemic. Prior to joining FTI Consulting, Aguilar was a senior Partner at Deloitte Consulting, underscoring his extensive industry experience.