FTI sulting(FCN)

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FTI Consulting Strengthens Strategic Communications Segment in France with the Appointment of Géraldine Amiel as Senior Managing Director
Globenewswire· 2025-03-03 08:30
Core Insights - FTI Consulting has appointed Géraldine Amiel as a Senior Managing Director in its Strategic Communications segment, emphasizing its commitment to enhancing leadership in corporate, crisis, and litigation communications in the French market and EMEA region [1][3]. Company Overview - FTI Consulting, Inc. is a leading global expert firm specializing in crisis and transformation, with over 8,300 employees across 34 countries and territories as of December 31, 2024 [5]. - The company generated revenues of $3.69 billion during the fiscal year 2024 [5]. Appointment Details - Géraldine Amiel, based in Paris, is a strategic communications expert with a background in journalism, previously founding and leading the Paris bureau at FGS Global [2]. - Amiel has held senior positions at Bloomberg, Dow Jones, The Wall Street Journal, and served as the Paris correspondent for CNBC [2]. - In her new role, she will provide strategic counsel to clients facing complex financial and reputational challenges [3]. Leadership Commentary - Mark McCall, Global Head of Strategic Communications at FTI Consulting, highlighted Amiel's exceptional advisory skills and her extensive experience in managing complex financial and corporate matters [4]. - Guillaume Granier, Head of Strategic Communications in France, expressed enthusiasm for Amiel's addition to the team, noting her expertise in handling high-stakes reputational situations [4]. Strategic Focus - Amiel's appointment is seen as a step towards the ambitious development of FTI Consulting in France and the broader EMEA region, aiming to leverage her experience to benefit clients [4]. - Amiel acknowledged the challenging corporate environment in France, which presents both risks and opportunities for clients [4].
Compass Lexecon Enhances Capabilities with Appointment of Prominent Economist Ginger Jin
Newsfilter· 2025-02-28 12:30
WASHINGTON, Feb. 28, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced that Dr. Ginger Jin has affiliated with its subsidiary Compass Lexecon. Dr. Jin is an expert in industrial organization economics, serving as the Neil Moskowitz Professor of Economics at the University of Maryland, College Park. She has deep expertise in analyzing mergers and acquisitions against the backdrop of emerging technologies and the use of big data in antitrust and consumer protection. "With the emergence ...
FTI Consulting Expands Dispute Advisory Services Practice with Addition of Senior Managing Director
Globenewswire· 2025-02-27 12:30
WASHINGTON, Feb. 27, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Tsvetan Beloreshki as a Senior Managing Director in the Dispute Advisory Services practice within the Forensic and Litigation Consulting segment. Mr. Beloreshki, who is based in New York, is a financial economics and quantitative analysis expert with 25 years of experience in financial consulting. He has served as an expert witness on complex litigation matters involving financial economics, sec ...
Business Transformation Expert Joins FTI Consulting's Food & Agribusiness Practice as Senior Managing Director
Newsfilter· 2025-02-26 13:00
WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the expansion of its Food & Agribusiness practice with the appointment of Lauren Chupp as a Senior Managing Director within the Corporate Finance & Restructuring segment. Ms. Chupp, who is based in Atlanta, is an experienced advisor to the global food and agriculture industry with nearly two decades of experience in strategy, transactions and transformation services, helping clients navigate the rapidly changing fo ...
Business Transformation Expert Joins FTI Consulting’s Food & Agribusiness Practice as Senior Managing Director
Globenewswire· 2025-02-26 13:00
WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Food & Agribusiness practice with the appointment of Lauren Chupp as a Senior Managing Director within the Corporate Finance & Restructuring segment. Ms. Chupp, who is based in Atlanta, is an experienced advisor to the global food and agriculture industry with nearly two decades of experience in strategy, transactions and transformation services, helping clients navigate the rapidly changing f ...
Antitrust, Intellectual Property, Digital Platforms and International Business Expert Professor Daniel Spulber Affiliates with Compass Lexecon
Newsfilter· 2025-02-26 12:00
WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced that Dr. Daniel F. Spulber has affiliated with its subsidiary Compass Lexecon. Dr. Spulber is a leading expert in antitrust and merger policy, platforms and two-sided markets, intellectual property, technology and innovation, and industrial organization. He is currently the Elinor Hobbs Distinguished Professor of International Business and Professor of Strategy at the Kellogg School of Management, Northwestern Univ ...
Antitrust, Intellectual Property, Digital Platforms and International Business Expert Professor Daniel Spulber Affiliates with Compass Lexecon
Globenewswire· 2025-02-26 12:00
WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that Dr. Daniel F. Spulber has affiliated with its subsidiary Compass Lexecon. Dr. Spulber is a leading expert in antitrust and merger policy, platforms and two-sided markets, intellectual property, technology and innovation, and industrial organization. He is currently the Elinor Hobbs Distinguished Professor of International Business and Professor of Strategy at the Kellogg School of Management, Northwestern Uni ...
FTI Consulting Expands Forensic and Litigation Consulting Segment in Asia with Key Leadership Appointments
Newsfilter· 2025-02-25 23:00
Core Insights - FTI Consulting has appointed three senior managing directors to enhance its Forensic and Litigation Consulting segment in Asia and Latin America [1][3][6] Group 1: Appointments and Experience - Michael Cullen has been appointed as a Senior Managing Director and Leader of Asia and Latin America, bringing over 25 years of experience in cross-border disputes and crisis management [1][3] - Rosie Hawes has been appointed as a Senior Managing Director and Head of Asia Business Intelligence, with more than 20 years of experience in business intelligence and investigations [1][4] - Andrew Macintosh has also been appointed as a Senior Managing Director, contributing over 20 years of experience in intelligence and crisis management across the Asia Pacific region [1][5] Group 2: Expertise and Impact - The combined experience of the new appointees exceeds 60 years, significantly enhancing FTI Consulting's capabilities in delivering tailored forensic and litigation solutions [2][6] - The appointments are expected to reinforce FTI Consulting's position as a trusted advisor in the forensic and litigation consulting market, particularly in navigating risks and managing investigations [6][7] - The expertise of the new leaders will help clients effectively manage crises and seize opportunities in the dynamic and diverse Asian market [6]
FTI Consulting Survey: 70% of Remote and Hybrid Workers Would Leave Job Over Return-to-Office Rule
Newsfilter· 2025-02-25 12:30
Core Insights - A significant majority (70%) of U.S. workers in remote or hybrid roles are likely to seek alternative employment if required to return to the office full time at their current salary [1][4][6] - The survey indicates that a third of office workers are excited about returning to the office, citing increased productivity and collaboration as key factors [3][4] - The current work arrangement significantly influences employee attitudes towards return-to-office (RTO) mandates, with remote workers showing the highest likelihood of seeking alternative employment [6][7] Employee Sentiment on RTO - Among fully remote workers, 74% would seek alternative employment if forced to return to the office full time, while 62% of hybrid workers would do the same [6] - Only 12% of fully remote workers are unwilling to come into the office at all, with 38% expressing excitement about returning [6] - 88% of remote workers are open to working in the office for part of the week, with preferences varying on the number of days [6] Factors Influencing RTO Acceptance - The industry plays a crucial role in shaping employee attitudes towards RTO, with 94% of architecture/engineering workers excited about returning, compared to only 51% in tech and telecom [5][6] - Employees in financial services (70%), retail (69%), and healthcare (67%) appreciate the camaraderie associated with office work [6] - Mid-sized company employees (2,500-10,000 employees) are most likely (46%) to seek alternative employment if required to return to the office full time, while large company employees (over 10,000 employees) are least likely (34%) [7] Demographic Insights - Geographically, employees in the Northeast and South (45% each) are more likely to seek alternative employment compared to those in the West (29%) [10] - Younger generations, particularly millennials and Gen Z, show a higher likelihood (45% each) of seeking alternative employment compared to baby boomers (31%) [10] - Workers with children under 18 are more excited about returning to the office (41%) than those without children (31%) [10]
FTI sulting(FCN) - 2024 Q4 - Annual Results
2025-02-24 21:26
Revenue Performance - Full year 2024 revenues reached $3.699 billion, an increase of $209.4 million or 6.0% compared to $3.489 billion in the prior year[3] - Fourth quarter 2024 revenues were $894.9 million, down 3% from $924.7 million in the prior year quarter[6] - Total revenues for the year ended December 31, 2024, increased to $3,698,652, up from $3,489,242 in 2023, representing a growth of approximately 6%[37] - Total revenues for the year ended December 31, 2024, were $3,698,652, an increase of 6.0% from $3,489,242 in 2023[45] Net Income and Earnings - Full year 2024 net income was $280.1 million, up from $274.9 million in the prior year, driven by higher revenues and lower income taxes[3] - Net income for the three months ended December 31, 2024, was $49,710, compared to $81,633 in the same period of 2023, reflecting a decrease of about 39%[35] - Adjusted net income for the year ended December 31, 2024, was $286,461, compared to $274,892 in 2023, indicating an increase of approximately 4%[38] - Earnings per common share — diluted for the year ended December 31, 2024, was $7.81, compared to $7.71 in 2023, showing a growth of about 1%[37] Adjusted EBITDA - Adjusted EBITDA for full year 2024 was $403.7 million, or 10.9% of revenues, compared to $424.8 million, or 12.2% of revenues, in the prior year[3] - Adjusted EBITDA for the year ended December 31, 2024, was $403,685, representing a decrease of 5.0% from $424,799 in 2023[45] Special Charges - Fourth quarter 2024 EPS was $1.38, a decrease from $2.28 in the prior year quarter, impacted by an $8.2 million special charge[11] - Estimated combined special charges for the first quarter of 2025 and fourth quarter of 2024 are approximately $25 million, reflecting the termination of about 4% of the workforce[18] - Special charges for the year ended December 31, 2024, amounted to $8,230, compared to none in 2023[37] Cash and Cash Equivalents - Cash and cash equivalents at December 31, 2024, were $660.5 million, up from $328.7 million at December 31, 2023[8] - The company’s cash and cash equivalents increased to $660,493 in 2024 from $303,222 in 2023, representing a significant increase of about 118%[33] - Cash and cash equivalents at the end of the period increased to $660,493 for the year ended December 31, 2024, compared to $303,222 at the end of 2023[47] Assets and Liabilities - The company reported total assets of $3,596,830 as of December 31, 2024, an increase from $3,325,878 in 2023, marking a growth of approximately 8%[33] - Current liabilities increased to $931,759 in 2024 from $892,769 in 2023, reflecting an increase of about 4%[33] Segment Performance - The Corporate Finance & Restructuring segment saw a revenue decrease of $29.8 million, or 8.2%, to $335.7 million in the fourth quarter[12] - Forensic and Litigation Consulting segment revenues increased by $10.4 million, or 6.3%, to $175.9 million in the fourth quarter[14] - The Corporate Finance & Restructuring segment generated revenues of $1,391,206 for the year ended December 31, 2024, with an adjusted EBITDA of $244,356, yielding a margin of 17.6%[45] - The Economic Consulting segment reported revenues of $863,557 for the year ended December 31, 2024, with an adjusted EBITDA of $109,498, achieving a margin of 12.7%[45] - The Forensic and Litigation Consulting segment's adjusted EBITDA margin was 12.6% for the year ended December 31, 2024, with revenues of $690,211[45] Guidance - The company expects full year 2025 revenues to range between $3.660 billion and $3.810 billion[19] - The company provided guidance for estimated earnings per common share — diluted (GAAP) for the year ended December 31, 2025, ranging from $7.44 to $8.24[40] Operating Activities - Net cash provided by operating activities for the year ended December 31, 2024, was $395,097, significantly higher than $224,461 in 2023[47] Depreciation - The company reported a total depreciation of property and equipment of $43,910 for the year ended December 31, 2024, compared to $41,079 in 2023[47] Billable Rates - The average billable rate for the Corporate Finance & Restructuring segment was $527, with a billable headcount of 2,286 as of December 31, 2024[45]