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.
News and disclosures about FTI Consulting, Inc. (NYSE: FCN) focus on its activities as a professional business advisory firm operating through five segments: Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. This page aggregates company-specific announcements, press releases and related coverage so readers can review how the firm is evolving across its advisory practices.
Recent news highlights FTI Consulting’s ongoing investment in senior talent and specialized capabilities. The firm has announced appointments of Senior Managing Directors in its Cybersecurity practice within the Forensic and Litigation Consulting segment, in its Healthcare Risk Management & Advisory practice, and across its Strategic Communications segment in areas such as transactions communications, shareholder activism, crisis and issues management, public affairs and stakeholder engagement. Additional updates cover senior hires in private equity and financial services transformation practices and in its EMEA Tax Advisory team.
Coverage also includes developments related to FTI Consulting’s subsidiary Compass Lexecon, which operates within the Economic Consulting segment and engages experts in machine learning, artificial intelligence, quantitative economics and digital platforms. These appointments reflect the firm’s focus on matters such as digital market competition, online advertising auctions, pricing, algorithmic fairness, privacy and the economics of digital assets.
Investors and followers of FCN can use this news feed to track how FTI Consulting expands its sector coverage in healthcare, financial services, energy, consumer, technology and other industries, as well as how it responds to client demand in areas like cyber risk, regulatory strategy, revenue cycle management, restructurings and high-stakes corporate events. Bookmark this page to review ongoing announcements, leadership changes, collaborations and other material developments affecting FTI Consulting’s advisory platform.
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.
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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.
FTI Consulting has received three honors at the 17th annual Stevie Awards for Women in Business, highlighting its commitment to diversity and leadership development. Sophie Ross, CEO of the Technology segment, won two Silver Stevie Awards for Woman of the Year and Female Executive of the Year. The FTI WIN program, aimed at empowering women, garnered a Bronze award for its achievements since its inception in 2013, promoting over 1,830 women, including 56 Senior Managing Directors. These awards reflect FTI's dedication to enhancing diversity and inclusion within the consulting industry.
FTI Consulting revised its 2020 U.S. online retail sales forecast to $748 billion, up from $598 billion in 2019, marking a 25% increase and the strongest growth since 2006. This surge is attributed to changes in consumer behavior due to COVID-19, with significant growth in online grocery and home-related purchases. The forecast predicts online retail sales will hit $1 trillion by 2023 and suggests a market share increase to 27% by 2025. However, annual growth rates are expected to decelerate to low double digits in the coming years.
FTI Consulting (NYSE: FCN) will announce its third-quarter financial results for the period ending September 30, 2020, before the New York market opens on October 29, 2020. A conference call to discuss these results is scheduled for the same day at 9:00 a.m. Eastern Time, featuring senior management. Access to the call will be available online, with a replay expected for 90 days.
The firm generated $2.35 billion in revenues in 2019, with a global workforce of over 5,800 employees across 27 countries.
FTI Consulting (NYSE: FCN) has announced that four of its professionals were recognized in Crain’s third annual list of Notable Women in Accounting and Consulting.
The professionals recognized include Naidira Alemova, Sheba Bellazain-Harris, Roxana Fariborz, and Yunsoo Kim, who collectively contribute over 85 years of experience in various fields of consulting.
FTI Consulting (NYSE: FCN) announced that it and its subsidiary, Compass Lexecon, achieved recognition in the Who’s Who Legal: Consulting Experts guide for the fifth consecutive year. A total of 154 professionals from FTI Consulting were named, showcasing expertise in corporate finance, forensic consulting, and economic analysis across 18 countries. This achievement highlights the firm’s global reach and specialized skills in economic, forensic, and litigation services, enhancing its reputation in the consulting sector.