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 (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.
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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.