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 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.
FTI Consulting (NYSE: FCN) recently appointed Karen Briggs as Senior Managing Director and Head of Forensic and Litigation Consulting for the EMEA region. With over 30 years of experience, including leadership roles at KPMG, Briggs is expected to enhance FTI's capabilities in complex regulatory matters. This strategic hire aims to strengthen the firm's position in the forensic consulting market, amid fast-evolving challenges in technology and regulations. The firm boasts a strong reputation, having been ranked No. 1 for forensic accounting by Chambers and Partners.
Research by FTI Consulting indicates that CEOs with strong communication skills helped protect up to USD$260 billion in shareholder value during the early stages of the COVID-19 pandemic. The study found that 81% of the fastest-growing companies since 2015 had vocal CEOs. Notably, these 'stakeholder CEOs' outperformed peers by an average of 3.75%. The analysis covered CEOs from the top 100 companies based on share price growth from 2015 to 2019, highlighting the impact of effective communication on corporate performance during crises.
FTI Consulting (NYSE: FCN) will release its financial results for the second quarter of 2020 on July 30, 2020, before the New York market opens. A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time on the same day, hosted by senior management. The call will be available live online, and a replay will be accessible for 90 days. In the previous fiscal year, FTI Consulting generated $2.35 billion in revenues. The company operates globally with over 5,500 employees in 27 countries.
FTI Consulting (NYSE: FCN) has appointed Daniel P. Wikel as Senior Managing Director in its Turnaround & Restructuring practice. Based in Chicago, Wikel brings extensive experience in managing corporate turnarounds, restructurings, and capital advisory. He previously led the Corporate Advisory Services at Huron Consulting Group and has worked with various industries including logistics and consumer products. This appointment is seen as pivotal for FTI Consulting amid ongoing financial challenges for clients due to the pandemic, according to Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment.
FTI Consulting (NYSE: FCN) has appointed Andrew McCarthy as Senior Managing Director and Anna Bleazard as Managing Director in its Financial Crime Compliance practice in Singapore. This move aims to strengthen its offerings in Southeast Asia. McCarthy brings extensive experience in anti-money laundering and compliance, while Bleazard has a strong background in forensic accounting and fraud investigations. The firm generated $2.35 billion in revenues in fiscal year 2019, positioning it as a key player in the business advisory sector.