SYDNEY, July 30, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Pat McLay as a Senior Managing Director and Australia Leader of the Accounting Advisory practice within the firm's Forensic and Litigation Consulting segment. FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 7,900 employees located in 32 countries and territories as of June 30, 2025. In certain jurisdictions, FTI Consulting's ser ...

Core Insights - FTI Consulting has appointed Sabine Bennett as a Senior Managing Director in the Australian Healthcare & Human Services practice [1] - Ms. Bennett brings over 16 years of experience in technology-enabled transformation programs for health, aged care, and life sciences clients [2] - The Healthcare & Human Services practice focuses on sector reform, digital transformation, and productivity, having launched in January 2025 [3] Company Overview - FTI Consulting is a global expert firm with over 7,900 employees across 32 countries as of June 30, 2025 [5] - The company generated $3.70 billion in revenues during fiscal year 2024 [5] Industry Focus - The practice aims to support clients in creating digital solutions that enhance patient and clinician experiences [2][3] - Ms. Bennett emphasizes the ambition of Australian organizations in Digital and AI, highlighting the challenges in execution [4]

SYDNEY, July 28, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Sabine Bennett as a Senior Managing Director in the Australian Healthcare & Human Services practice. Ms. Bennett, who is based in Sydney, has more than 16 years of experience delivering large, complex, technology-enabled transformation programs for health, aged care and life sciences clients. In her role at FTI Consulting, she will bring her deep sector expertise to help clients strategise, design a ...

Core Insights - FTI Consulting has appointed Elizabeth (Liz) Goodman as a Senior Managing Director in the Healthcare and Life Sciences practice within its Strategic Communications segment [1][4] Company Overview - FTI Consulting, Inc. is a leading global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries and territories as of June 30, 2025 [6] - The company generated $3.70 billion in revenues during the fiscal year 2024 [6] Appointment Details - Dr. Goodman brings over 30 years of experience in healthcare, health insurance, and health law and policy, focusing on Medicare, Medicaid, and long-term services [2] - In her new role, Dr. Goodman will assist healthcare and life sciences payers and providers in navigating complex business environments, advising C-suite executives on brand equity, stakeholder management, and risk mitigation [3][5] - Her previous roles include Chief Legal and Public Affairs Officer at Commonwealth Care Alliance and Executive Vice President of Government Affairs and Innovation at America's Health Insurance Plans [4] Strategic Goals - Dr. Goodman aims to address regulatory shifts, evolving care models, and changing expectations in the healthcare sector, collaborating with FTI Consulting's experts to develop strategies for business-critical challenges [5] - The hiring of Dr. Goodman is part of the ongoing expansion of the Healthcare and Life Sciences practice at FTI Consulting, following several recent appointments in public affairs and corporate reputation [5]

WASHINGTON, July 28, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Elizabeth (Liz) Goodman as a Senior Managing Director in the Healthcare and Life Sciences practice within the firm’s Strategic Communications segment. Dr. Goodman, who is based in Washington, D.C., joins FTI Consulting with more than 30 years of experience in healthcare, health insurance and health law and policy at the state and federal levels, including a focus on Medicare, Medicaid and long-t ...

Core Insights - FTI Consulting reported Q2 2025 earnings that exceeded Wall Street expectations despite a mild decline in revenue and earnings per share compared to the previous year [1][2] - The company generated GAAP revenue of $943.7 million, surpassing estimates by $21.7 million, and GAAP earnings per share of $2.13, exceeding the $2.10 estimate [1][2] - The performance varied significantly across different business segments, with some experiencing growth while others faced challenges due to macroeconomic factors [1] Financial Performance - Q2 2025 GAAP revenue was $943.7 million, a decrease of 0.6% year-over-year from $949.2 million in Q2 2024 [2] - GAAP earnings per share fell by 9.0% from $2.34 in Q2 2024 to $2.13 in Q2 2025 [2] - Adjusted EBITDA decreased by 3.7% to $111.6 million from $115.9 million in the prior year [2] - Net income dropped 14.5% to $71.7 million from $83.9 million in Q2 2024 [2] - Operating margin was 10.5%, down from 11.0% in the previous year [2] Business Segments Overview - Corporate Finance & Restructuring segment reported $379.2 million in GAAP revenue, up 9.0% year-over-year, driven by increased demand for restructuring services [5] - Forensic and Litigation Consulting generated $186.5 million in GAAP revenue, a 10.0% increase, benefiting from higher bill rates [6] - Economic Consulting saw a significant decline in GAAP revenue to $191.7 million, down 17.0% due to reduced deal volume [7] - Technology unit's revenue fell 27.9% to $83.6 million, impacted by lower demand for merger-related projects [8] - Strategic Communications achieved strong growth with revenue up 20.8% to $102.7 million, driven by increased demand for reputation management services [10] Cash Flow and Balance Sheet - Cash generated from operations decreased to $55.7 million from $135.2 million in Q2 2024, primarily due to higher forgivable loan issuances and increased compensation payments [11] - Net debt rose to $317.2 million from a net cash position of $166.4 million a year earlier [11] - Total liabilities increased to $1.59 billion, reflecting higher long-term debt and commitments to retain talent [12] Future Guidance - Management updated FY2025 revenue guidance to a range of $3.66 billion to $3.76 billion, indicating flat growth compared to FY2024 [13] - Full-year GAAP earnings per share is projected between $7.24 and $7.84, with adjusted EPS forecasted between $7.80 and $8.40 [13] - The company highlighted potential declines in adjusted EPS for the first time in a decade due to ongoing weakness in certain segments [13]

Second quarter 2025 revenues of $943.7 million decreased $5.5 million, or 0.6%, compared to revenues of $949.2 million in the prior year quarter. Excluding the estimated positive impact from foreign currency ("FX") translation, revenues decreased $17.6 million, or 1.8%, compared to the prior year quarter. The decrease in revenues was due to lower revenues in the Economic Consulting and Technology segments, which was partially offset by higher revenues in the Corporate Finance & Restructuring, Forensic and L ...

Core Insights - FTI Consulting, Inc. (FCN) reported strong second-quarter 2025 results with earnings and revenues exceeding the Zacks Consensus Estimate, but the stock price remained flat post-earnings release [1][7] - Adjusted EPS was $2.13, beating estimates by 14% but down 9% year over year; total revenues were $943.7 million, surpassing estimates by 3.6% but declining 0.6% year over year [1][7] Segment Performance - Technology revenues decreased by 27.9% year over year to $83.6 million, primarily due to lower demand for M&A-related "second request" services [3] - Economic Consulting revenues fell 17% year over year to $191.7 million, driven by reduced demand for M&A-related antitrust services, partially offset by higher realized bill rates [3] - Corporate Finance & Restructuring revenues increased by 9% year over year to $379.2 million, attributed to higher demand for restructuring services and increased bill rates [4] - Strategic Communications revenues rose by 20.8% year over year to $102.7 million, mainly due to an increase in pass-through revenues and demand for corporate reputation services [5] - Forensic and Litigation Consulting revenues grew by 10% year over year to $186.5 million, supported by higher realized bill rates for risk and investigations services [8] Financial Metrics - Adjusted EBITDA was $111.6 million, down 3.7% year over year, with an adjusted EBITDA margin declining by 410 basis points to 8.7% [9] - The company ended the quarter with cash and cash equivalents of $152.8 million, down from $226.4 million in the prior quarter, and generated $55.7 million from operating activities [10] Guidance - FCN projects full-year 2025 revenues between $3.66 billion and $3.76 billion, with EPS expected to range from $7.24 to $7.84 [11] - The company anticipates additional capital expenditures of $29 million to $36 million for the remainder of 2025 [12]

Core Insights - FTI Consulting reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $1.87 per share, but down from $2.34 per share a year ago, resulting in an earnings surprise of +13.90% [1] - The company generated revenues of $943.66 million for the quarter, surpassing the Zacks Consensus Estimate by 3.57%, although this is a decrease from $949.16 million in the same quarter last year [2] - FTI Consulting's stock has underperformed, losing approximately 12.3% year-to-date compared to the S&P 500's gain of 8.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.96, with expected revenues of $926.39 million, while the estimate for the current fiscal year is $7.96 on revenues of $3.66 billion [7] - The estimate revisions trend for FTI Consulting was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Consulting Services industry, to which FTI Consulting belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Exponent, is expected to report a quarterly earnings decline of -15.8% with revenues projected to decrease by 2% year-over-year [9][10]

Financial Data and Key Metrics Changes - The company reported revenues of $943.7 million for Q2 2025, a slight decrease from $949.2 million in the prior year quarter, but a sequential increase of $45.4 million or 5.1% from Q1 2025 [32] - Adjusted EBITDA for Q2 2025 was $111.6 million or 11.8% of revenue, compared to $115.9 million or 12.2% of revenues in the prior year quarter [34] - Earnings per share (EPS) decreased to $2.13 from $2.34 in the prior year quarter, but increased sequentially from $1.74 in Q1 2025 [33] Business Line Data and Key Metrics Changes - Corporate Finance and Restructuring achieved record revenues of $379.2 million, a 9% increase year-over-year, with adjusted segment EBITDA of $81.7 million or 21.5% of segment revenue [36] - Forensic and Litigation Consulting (FLC) revenues increased by 10% to $186.5 million, with adjusted segment EBITDA rising to $31.2 million or 16.7% of segment revenues [38] - Economic Consulting revenues decreased by 17% to $191.7 million, with adjusted segment EBITDA dropping to $14.2 million or 7.4% of segment revenues [41] - Technology segment revenues fell by 27.9% to $83.6 million, with adjusted segment EBITDA decreasing to $5.3 million or 6.3% of segment revenues [43] Market Data and Key Metrics Changes - The company noted a slowdown in demand for M&A related services, particularly impacting the technology segment due to regulatory changes [50] - The economic consulting segment faced challenges from lower demand for antitrust services, particularly in EMEA [50] Company Strategy and Development Direction - The company is focused on investing in talent and capabilities across its diverse business segments, despite facing headwinds in certain areas [52] - Management emphasized the resilience of the company's diverse portfolio, which allows for growth even when specific segments face challenges [52] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2025 has been a challenging year, with several negative factors impacting performance, yet the company has delivered solid results [5][8] - The outlook for the second half of the year includes expectations for gradual improvement in demand for M&A related services and continued strength in corporate finance and restructuring [50] Other Important Information - The company repurchased approximately 3.3 million shares in the first half of 2025, with $309.3 million remaining under its stock repurchase authorization [47] - The effective tax rate for Q2 2025 was 22%, compared to 18.2% in the prior year quarter [34] Q&A Session Summary Question: Can you elaborate on the divergence between economic consulting and technology segments? - The strength in economic consulting was primarily due to non-M&A related activity, while technology faced challenges from paused or canceled second requests [58] Question: What is the timeline for assessing the commercial capability of newly hired professionals? - It is expected that a better sense of their commercial capability will emerge in about a year [62] Question: What is driving the growth in the restructuring environment? - The growth is attributed to the best restructuring professionals globally and factors such as tariff impacts and liability management exercises [66] Question: Will the pace of hiring senior professionals continue through the end of the year? - The company has hired more senior professionals in the first half of the year than ever before and will continue to hire when great talent is available [73] Question: How do you assess the overall impact of US regulatory changes? - The overall impact is seen as more headwinds than tailwinds, particularly affecting the FLC and technology businesses [78]