Company Overview - FTI Consulting Inc. is a global business advisory firm focused on helping organizations manage change, mitigate risk, and resolve disputes across various domains including financial, legal, operational, political, regulatory, reputational, and transactional matters [9] - The company has over 8,000 employees in 33 countries and territories, generating $3.49 billion in revenues during fiscal year 2023 [9] Appointment of Dr. Stefan Heissner - Dr. Stefan Heissner has been appointed as a Senior Managing Director in the Forensic and Litigation Consulting segment in Germany, effective July 1, 2024 [1] - He joins FTI Consulting from PwC, where he co-led the Risk and Regulatory Consulting practice in Germany and led Forensic Services in EMEA [2] - Dr. Heissner has a 15-year career with the German police force, including five years as a detective specializing in white-collar crime and corruption [7] Strategic Importance - The appointment of Dr. Heissner is seen as a strategic move to enhance FTI Consulting's capabilities in the DACH region (Germany, Switzerland, and Austria) amid increasing financial crime and regulatory complexities [4][5] - Renato Fazzone, a Senior Managing Director at FTI Consulting, emphasized the value of Dr. Heissner's expertise in helping clients identify and mitigate fraud, corruption, and misconduct [4] - Rory O'Brien, EMEA Head of the Forensic and Litigation Consulting segment, noted that the demand for forensic services will continue to grow, particularly among large businesses [5] Leadership and Expertise - Dr. Heissner will lead the Forensic Accounting & Fraud Investigations offering and will be part of the EMEA leadership team [7] - He holds two degrees and a Ph.D. in Economics and is a Certified Fraud Examiner [8]

WASHINGTON, May 29, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Michael Spadea as a Senior Managing Director and North America Leader of the Information Governance, Privacy and Security practice within the firm's Technology segment. Mr. Spadea, who is based in Seattle, helps clients obtain value from their data by building strong governance programs that mitigate digital risk while enabling growth. Mr. Spadea supports organizations across industries and geogr ...

WASHINGTON, May 16, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Kendall Pelander as a Senior Managing Director in the Healthcare Business Transformation practice within the firm's Corporate Finance & Restructuring segment. "The digital healthcare landscape is rapidly evolving and providers must adapt to be able to deliver high-quality care to patients. We at FTI Consulting have likewise adapted and broadened our focus, investing deeper into the multifaceted a ...

About FTI Consulting LONDON, May 15, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the appointment of Charlie Armitstead as a Senior Managing Director and UK Head of Capital Markets in the firm's Strategic Communications segment. Mr. Armitstead is a capital markets and financial communications specialist with over 25 years of experience. He joins from Teneo, where he previously led the Financial Communications practice and oversaw a strong period of growth. Prior to that, he was M ...

HONG KONG, May 06, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the appointment of Roy Huang as the Head of Asia & Caribbean, effective 3 May 2024. Based in Hong Kong, Mr. Huang will have executive responsibility for driving growth across the region through strengthening the firm's core service capabilities and bringing the firm's collective expertise to clients. Mr. Huang also will reinforce the Business Transformation practice in Asia, as well as relationships with private equi ...

WASHINGTON, May 01, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the appointment of economics and litigation expert Bryan Perry as a Senior Managing Director in the Center for Healthcare Economics and Policy within the firm's Economic Consulting segment. Mr. Perry has more than a decade of experience working in antitrust and healthcare markets, specializing in economic analysis for complex commercial litigation matters. In his role at FTI Consulting, Mr. Perry will conduct cuttin ...

Exhibit 99.1 EDITED TRANSCRIPT FCN.N - Q1 2024 FTI Consulting Inc Earnings Call EVENT DATE/TIME: APRIL 25, 2024 / 1:00PM GMT OVERVIEW: Company Summary APRIL 25, 2024 / 1:00PM, FCN.N - Q1 2024 FTI Consulting Inc Earnings Call CORPORATE PARTICIPANTS Ajay Sabherwal FTI Consulting, Inc. - CFO Mollie Hawkes FTI Consulting, Inc. - VP of IR & Communications Andrew Owen Nicholas William Blair & Company L.L.C., Research Division - Analyst James Edwin Yaro Goldman Sachs Group, Inc., Research Division - Research Analy ...

FTI Consulting, Inc. (FCN) reported impressive first-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The stock has gained 2% since the earnings release on Apr 25, in response to the better-than-expected results. Shares have gained 18.8% in the past year, outperforming the 16.3% rally of the industry it belongs to. Quarterly earnings per share of $2.23 surpassed the Zacks Consensus Estimate by 26.7% and increased 66.4% on a year-over-year basis. Total revenues of $ ...

WASHINGTON, April 29, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the appointment of Beji Varghese as a Senior Managing Director within the firm's Financial Services practice. His appointment strengthens FTI Consulting's consumer finance presence in Charlotte and the Southeast region. Mr. Varghese joins FTI Consulting with more than 25 years of consumer finance experience as both a consultant and industry executive. He has addressed the industry's most critical issues, including ...

Financial Performance - Revenues for Q1 2024 reached $928553 thousand, a 04% increase compared to Q4 2023 and a 151% increase compared to Q1 2023[14] - Net income for Q1 2024 was $79965 thousand, a 20% decrease compared to Q4 2023 but a significant 682% increase compared to Q1 2023[14] - Adjusted EBITDA for Q1 2024 was $111073 thousand, a 128% decrease compared to Q4 2023 but a 416% increase compared to Q1 2023[14] - Adjusted EBITDA Margin for Q1 2024 was 120%, compared to 138% in Q4 2023 and 97% in Q1 2023[14] Segment Results - Corporate Finance & Restructuring revenues for Q1 2024 were $366010 thousand, a 01% increase compared to Q4 2023 and a 160% increase compared to Q1 2023[14] - Forensic and Litigation Consulting revenues for Q1 2024 were $176074 thousand, a 64% increase compared to Q4 2023 and a 116% increase compared to Q1 2023[14] - Economic Consulting revenues for Q1 2024 were $204548 thousand, a -07% decrease compared to Q4 2023 but a 206% increase compared to Q1 2023[14] - Technology revenues for Q1 2024 were $100713 thousand, a -02% decrease compared to Q4 2023 but a 111% increase compared to Q1 2023[14] - Strategic Communications revenues for Q1 2024 were $81208 thousand, a -63% decrease compared to Q4 2023 but a 111% increase compared to Q1 2023[14] Cash Flow and Capital Allocation - Net cash used in operating activities for the three months ended March 31, 2024, was $(274818) thousand, compared to net cash provided by operating activities of $382986 thousand for the three months ended December 31, 2023, and net cash used in operating activities of $(254206) thousand for the three months ended March 31, 2023[10] - Free Cash Flow for Q1 2024 was $(279459) thousand, compared to $376708 thousand in Q4 2023 and $(272239) thousand in Q1 2023[10] Regional Performance - North America revenues for Q1 2024 were $616034 thousand, a 54% increase compared to Q4 2023 and a 171% increase compared to Q1 2023[28] - EMEA revenues for Q1 2024 were $252179 thousand, a -85% decrease compared to Q4 2023 but a 133% increase compared to Q1 2023[28]