Fti Consulting Inc Stock Price, News & Analysis

FTI Consulting (FCN) announced the appointment of Todd Mello as Senior Managing Director and leader of its Valuation Services group within the Health Solutions practice. Mello, with 30 years of experience in valuation and transactions, has worked extensively with healthcare systems, pharmaceutical, and medical device companies. His expertise includes appraisals of business enterprises and fair market value determinations. The firm aims to enhance its capabilities amidst a growing demand for healthcare valuation services due to increased business combinations in the sector.

Compass Lexecon has expanded its operations by opening a new office in Copenhagen, Denmark, appointing Thomas Rønde as an Academic Affiliate. Rønde, a former Chief Economist at the Danish Competition and Consumer Authority, brings significant expertise in competition policy and regulation. The new office will support Compass Lexecon's growing Nordic team, enhancing its capabilities to provide economic analysis and advice in competition, litigation, and arbitration cases. The firm has previously achieved notable successes before the Nordic competition authorities and the European Commission.

FTI Consulting (NYSE: FCN) announced the launch of its Real Estate Business Transformation practice, aimed at assisting organizations in navigating the rapidly evolving real estate landscape. Senior Managing Director Josh Herrenkohl will lead this initiative, which integrates various services like Technology and Operating Services, Analytics, and Corporate Real Estate Strategy. The new offering aims to help clients adapt to disruptions in the real estate market while maximizing value from their investments. Herrenkohl has extensive experience in the field and previously led global real estate consulting at EY.

FTI Consulting (NYSE: FCN) expands FTI Capital Advisors by hiring Colin McCafferty as Senior Managing Director along with his team from McCafferty & Company. This strategic addition enhances the firm's expertise in telecommunications, media, and technology sectors. McCafferty brings valuable experience in financial advisory, M&A, and capital markets from past roles at Saban Capital Group and Goldman Sachs. FTI Consulting aims to strengthen its TMT offerings globally, following recent appointments and acquisitions in the sector.

FTI Consulting (NYSE: FCN) announced the appointment of Steve Morgan and Donald Good as Managing Directors in its Cybersecurity practice. Morgan joins from the UK government, where he managed security for the Prime Minister, while Good comes from Citibank, previously holding senior roles at the FBI. Their expertise aims to bolster FTI's capabilities in addressing cybersecurity threats, which remain a primary concern for organizations. Recent data indicates less than half of executives proactively manage cyber-attacks, underscoring the critical need for enhanced security measures.

FTI Consulting (NYSE: FCN) announced the appointment of Rick Arrowsmith as a Senior Managing Director in its Corporate Finance & Restructuring segment, enhancing its healthcare restructuring capabilities. Arrowsmith brings 25 years of experience in turnaround and restructuring advisory, focusing on healthcare sectors such as senior living and medical equipment. His previous roles include restructuring advisor for LVI Intermediate Holdings Inc. and working with distressed borrowers in the equipment sector. This appointment aims to provide comprehensive solutions for healthcare clients facing challenges from the COVID-19 pandemic and economic pressures.

FTI Consulting (NYSE: FCN) announced the launch of a dedicated global aviation practice, enhancing its capabilities for the airline and aviation sectors. This initiative involves the appointment of two Senior Managing Directors and four Managing Directors, who bring extensive experience from restructuring and investment banking. The firm aims to assist aviation clients in stabilizing their businesses amid ongoing industry challenges. This expansion reflects FTI's commitment to helping clients navigate complex scenarios and maximize enterprise value as they recover from the downturn.

FTI Consulting reported Q2 2020 revenues of $607.9 million, a 0.3% increase from $606.1 million in Q2 2019. However, EPS dropped 24.9% to $1.27 compared to $1.69 a year earlier. Adjusted EPS also fell 23.7% to $1.32.

The company announced a $200 million increase in its share repurchase program. Despite higher revenues in the Corporate Finance & Restructuring segment, other areas such as Forensic and Litigation Consulting saw significant revenue declines. Full-year revenue guidance remains between $2.450 billion and $2.550 billion.