Welcome to our dedicated page for FTI Consulting news (Ticker: FCN), a resource for investors and traders seeking the latest updates and insights on FTI Consulting stock.
FTI Consulting, Inc. reports developments across a global business-advisory platform organized around Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Company news includes quarterly results, segment performance and senior talent additions tied to restructuring, transactions, transformation, capital markets communications and regulated-industry advisory work.
Recurring updates also cover cybersecurity, data privacy, information governance, health and human services analytics, digital health and applied AI capabilities. Compass Lexecon affiliations add economics expertise for antitrust and other litigation-focused advisory work.
FTI Consulting (NYSE: FCN) has appointed Karl Payeur as Senior Managing Director and Head of Forensic and Litigation Consulting and Technology segments in France. With over 28 years of international experience, Payeur aims to enhance FTI's market position by delivering top-notch forensic, investigation, compliance, and technology services. His prior role involved leading the EMEA forensic practice for a Big Four firm. This strategic hire is expected to support FTI's expansion within the French market and strengthen its service offerings to multinational clients.
FTI Consulting releases its General Counsel Report 2022, revealing that about 60% of general counsel are increasingly worried about expanding legal risks, particularly in compliance, data privacy, and information security. Preparedness has noticeably declined in key areas, such as a drop in confidence regarding data privacy regulations from 4.02 to 3.27 on a scale of 1 to 5. Major concerns include environmental, social, and governance requirements, highlighting a challenging landscape for corporate legal teams moving into 2022.
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FTI Consulting (NYSE: FCN) has enhanced its Dispute Advisory Services team by appointing Greg Crouse as a Senior Managing Director. Based in Dallas, Crouse brings 30 years of technical expertise in various sectors, including financial services and healthcare. His experience in providing expert witness testimony and litigation strategy is expected to bolster the firm’s ability to handle complex disputes. FTI Consulting aims to assist clients in navigating intricate business challenges, boasting revenues of $2.46 billion in 2020.
FTI Consulting (NYSE: FCN) has announced that Kyung Kim, Senior Managing Director and Head of Cybersecurity for the Asia Pacific region, was recognized as one of Consulting magazine’s 2021 Top 25 Consultants in the Excellence in Manufacturing category. Based in Seoul, Kim has exemplified expertise in cybersecurity, crisis management, and national security, aiding clients against various cyber threats. His recognition underscores FTI Consulting's strong commitment to cybersecurity expertise in the region.
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FTI Consulting (NYSE: FCN) announced today that it, along with its subsidiary Compass Lexecon, achieved recognition in the 2021 Who’s Who Legal: Commercial Litigation guide. A total of 23 professionals from FTI were named, reflecting the firm’s expertise in areas such as valuations, compliance, and commercial disputes. These experts come from various segments, including Corporate Finance & Restructuring and Economic Consulting, and represent six different countries, underscoring FTI's global presence.
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%).