Fti Consulting Inc Stock Price, News & Analysis

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.

FTI Consulting (NYSE: FCN) has been recognized as a leader in the expert witness field by Global Arbitration Review. The firm's Compass Lexecon subsidiary ranked first in energy-related cases and third overall, boasting 32 and 28 hearings, respectively. FTI Consulting achieved recognition for having 29 expert witnesses acknowledged by Who’s Who Legal and conducted over 90 construction hearings, the highest among peers. The rankings were based on a new data collection method that evaluated the volume, value, and influence of firms in arbitration.

FTI Consulting (NYSE: FCN) has appointed seven new professionals to its Cybersecurity practice in London and Seoul, underlining its commitment to tackling complex cyber threats. Key appointments include Senior Managing Director Patrick MacGloin and Managing Director Paul Reilly, among others. This investment responds to findings from the FTI Consulting Resilience Barometer 2020, highlighting that less than half of executives proactively manage cyber-attacks. The firm aims to enhance its capabilities to assist clients in safeguarding their assets and responding to incidents effectively.

FTI Consulting (NYSE: FCN) has announced the affiliation of Professor Anindya Ghose with its subsidiary, Compass Lexecon, based in New York. Ghose, a leading expert in high tech and quantitative marketing, brings extensive experience in consumer behavior, digital platforms, and analytics. He has consulted for major firms like Apple and Google and has provided expert testimony in significant antitrust and competition cases. His role at Compass Lexecon is expected to enhance the firm's capabilities in addressing complex business challenges.

FTI Consulting (NYSE: FCN) was recognized in Chambers Litigation Support 2020 with 11 firmwide and three individual rankings, marking it as the top firm in various categories including Economic Analysts – Global-wide. Key recognitions include:

• Business Intelligence & Investigations – Asia-Pacific Region
• E-Discovery – UK-wide
• Forensic Accountants – UK-wide

Individual accolades went to Almira Cemmell, Andrew Durant, and Greg Hallahan for their expertise in respective categories.