Core Points - FTI Consulting's CFO, Ajay Sabherwal, will leave the company on September 12, 2025, to pursue a position outside the consulting industry [1] - Paul Linton, the Chief Strategy and Transformation Officer, will serve as the interim CFO while a search for a permanent replacement is conducted [1] - CEO Steven H. Gunby expressed gratitude for Sabherwal's contributions over the past nine years [2] - FTI Consulting has over 7,900 employees in 32 countries and generated $3.70 billion in revenues during fiscal year 2024 [3]

Core Viewpoint - FTI Consulting, Inc. is expanding its Forensic and Litigation Consulting segment in Asia with the appointment of Martin Tupila as Senior Managing Director, enhancing its capabilities in addressing complex financial investigations and regulatory compliance [1][4]. Group 1: Appointment and Experience - Martin Tupila has over 20 years of experience in forensic accounting, financial investigations, and compliance advisory across Asia, Europe, and Australia [2]. - Prior to joining FTI Consulting, Mr. Tupila led the ASEAN claims and disputes practice at a global accounting firm and headed the greater China forensic practice at a leading advisory firm [4]. Group 2: Role and Responsibilities - In his new role, Mr. Tupila will work with clients on issues related to accounting improprieties, conflicts of interest, and regulatory circumvention [3]. - He will collaborate with a team of forensic accountants, financial experts, and data analysts to analyze complex data and support legal teams [3]. Group 3: Strategic Importance - The appointment of Mr. Tupila reinforces FTI Consulting's commitment to growing its forensic capabilities in Asia and enhances the firm's regional expertise [4]. - This addition follows the recent appointments of Senior Managing Directors Rosie Hawes and Andrew Macintosh, further strengthening the firm's multidisciplinary expertise in forensic accounting and investigations [5]. Group 4: Company Overview - FTI Consulting, Inc. is a leading global expert firm with over 7,900 employees in 32 countries, generating $3.70 billion in revenues during fiscal year 2024 [6].

Core Insights - FTI Consulting has appointed Pat McLay as Senior Managing Director and Australia Leader of the Accounting Advisory practice within its Forensic and Litigation Consulting segment [1][4] Company Overview - FTI Consulting is a global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries as of June 30, 2025 [6] - The company generated $3.70 billion in revenues during fiscal year 2024 [6] Leadership Appointment - Pat McLay brings over 30 years of experience in accounting, external audit, consulting, transaction, and internal audit services, having worked with clients in various sectors including public companies, private equity, healthcare, and government [2][4] - In his new role, McLay will lead the Accounting Advisory practice in Australia, focusing on major change events such as mergers, acquisitions, capital transactions, and audits [3][4] Expertise and Services - McLay's expertise is expected to enhance FTI Consulting's accounting-related services, providing valuable technical accounting advice to CFOs and finance teams [4] - He emphasizes the firm's broad capabilities in Australia, including valuations, investigations, data analytics, and cybersecurity services, which allow for integrated support during client transformations [5]

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]

Core Insights - FTI Consulting has appointed Sabine Bennett as a Senior Managing Director in the Australian Healthcare & Human Services practice, effective July 28, 2025 [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, sustainability, digital transformation, and productivity, having launched in January 2025 [3] Company Overview - FTI Consulting is a global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries as of June 30, 2025 [5] - The company generated $3.70 billion in revenues during the fiscal year 2024 [5] Leadership and Expertise - Nathan Schlesinger, leader of the Healthcare & Human Services practice in Australia, highlighted Ms. Bennett's track record in creating seamless digital experiences and her ability to drive strategy to execution [3] - Ms. Bennett expressed enthusiasm for scaling the practice to support Australian organizations in their digital and AI ambitions [4] - Prior to joining FTI Consulting, Ms. Bennett held a leadership position at a Big Four firm and worked at NTT DATA Business Solutions [4]

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]

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 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 payers and providers in navigating complex business environments, advising senior executives on brand equity, stakeholder management, and risk mitigation [3][5] Strategic Goals - Dr. Goodman aims to help clients develop differentiated growth strategies through integrated solutions in communications, crisis management, risk, investigations, and business transformation [4] - Her hiring 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]

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]