WASHINGTON, June 04, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Mark White as a Senior Managing Director in the Construction, Projects & Assets practice within the firm’s Forensic and Litigation Consulting segment. Mr. White, who is based in Houston, joins with more than 20 years of experience helping clients navigate digital transformations that deliver enterprise value throughout the asset lifecycle, including helping clients boost productivity and effecti ...

SYDNEY, June 02, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Mark Gossington as a Senior Managing Director in the Risk & Investigations practice within the firm’s Forensic and Litigation Consulting segment. Mr. Gossington, who is based in Sydney, brings more than 25 years of experience leading complex risk engagements and remediation programmes that have helped companies strengthen resilience under regulatory scrutiny, recover from misconduct issues and build ...

WASHINGTON, May 20, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s Technology segment has entered into a teaming agreement with BigID, a leader in data security, compliance, privacy and artificial intelligence-driven data management. The Information Governance, Privacy & Security practice within FTI Consulting’s Technology segment will collaborate with BigID to help clients enhance data management and improve compliance, data protection and risk management processe ...

Core Insights - FTI Consulting, Inc. announced the affiliation of Dr. B. Douglas Bernheim with its subsidiary Compass Lexecon, enhancing the firm's expertise in economics and consulting services [1][4]. Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 8,100 employees across 33 countries as of March 31, 2025 [6]. - The company reported revenues of $3.70 billion for the fiscal year 2024 [6]. Expert Profile - Dr. Bernheim is recognized for his expertise in industrial organization, mergers, behavioral economics, game theory, and financial economics [2]. - He has a notable history as an expert witness in significant antitrust and economic damages cases, providing testimony before various federal agencies and courts [2]. Strategic Growth - The addition of Dr. Bernheim is part of Compass Lexecon's recent growth strategy, which includes the appointment of Alexander White as Senior Vice President and 20 academic affiliates in the past six months [4]. - These strategic hires aim to bolster the firm's capabilities in areas such as Antitrust & Competition, Healthcare, Securities & Financial Markets, and Valuation [4]. Academic Contributions - Dr. Bernheim has published extensively in leading academic journals and authored four books, contributing significantly to the field of economics [3]. - His accolades include an honorary doctorate from the University of Zurich and the 2022 Exeter Prize for his research on paternalism [4]. Client Services - Compass Lexecon provides critical insights to law firms, corporate clients, and government entities in legal and regulatory matters, strategic decisions, and public policy debates across various industries [5].

WASHINGTON, May 15, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced findings from its annual Hospital Operations Outlook Survey of more than 200 senior executives across all types of hospitals. The survey found rising costs, patient wait times, workforce challenges and persistent cybersecurity threats are among the top issues highlighted by hospital leaders. These issues — bundled with an increasingly complex operating environment shaped by regulatory changes, such as potential Med ...

Group 1 - FTI Consulting announced the appointment of Julien Wallen as a Senior Managing Director in the Financial Services practice [1] - Mr. Wallen has 25 years of experience in asset management and consultancy, advising financial institutions on complex situations [2] - His role will involve leading balance sheet, portfolio, and risk advisory across Europe, the Middle East, and Africa (EMEA) [3] Group 2 - Mr. Wallen previously served as a Managing Director at BlackRock for over a decade, focusing on financial markets advisory and sustainability initiatives [5] - His appointment aligns with FTI Consulting's strategy to enhance its financial services capabilities, following the addition of several senior directors in the practice [6] - FTI Consulting generated $3.70 billion in revenues during fiscal year 2024, indicating strong financial performance [7]

LOS ANGELES, May 8, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of FTI Consulting, Inc. ("FTI" or "the Company") (NYSE: FCN) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. FTI reported its financial results for Q1 2025 on April 24, 2025. The Company reported ...

NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against FTI Consulting, Inc. (“FTI” or the “Company”) (NYSE:FCN). The investigation concerns whether FTI and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On April 24, 2025, FTI issued a press release reporting its financial results for the first quarter of 2025. Among other items, FT ...

Core Insights - FTI Consulting has appointed Scott Cockerham as Senior Managing Director in the Corporate Finance & Restructuring segment, focusing on the Power, Renewables & Energy Transition practice in Houston [1][2] Company Overview - FTI Consulting is a global expert firm specializing in crisis and transformation, with over 8,100 employees across 33 countries as of March 31, 2025 [4] - The company generated $3.70 billion in revenues during fiscal year 2024 [4] Leadership and Expertise - Scott Cockerham brings over 20 years of experience in business transformation, turnarounds, and restructurings, having held various leadership roles including CEO and CFO [2][3] - Cockerham's previous role was as Chief Financial Officer at Camin Cargo Control, and he co-led the restructuring energy team at a global consulting firm [3] Industry Context - The energy sector is facing unprecedented uncertainty due to macroeconomic trends and policy shifts, impacting business plans [3] - FTI Consulting aims to leverage Cockerham's expertise to assist clients in navigating challenges and creating value in the dynamic energy landscape [3][4]

Financial Performance - First quarter 2025 revenues were $898.3 million, a decrease of $30.3 million or 3.3% compared to $928.6 million in the prior year quarter[3]. - Net income for the first quarter 2025 was $61.8 million, down from $80.0 million in the prior year quarter, primarily due to lower revenues and a $25.3 million special charge[3]. - Adjusted EBITDA for the first quarter 2025 was $115.2 million, representing 12.8% of revenues, compared to $111.1 million or 12.0% of revenues in the prior year quarter[3]. - First quarter 2025 earnings per diluted share (EPS) were $1.74, down from $2.23 in the prior year quarter, with adjusted EPS of $2.29 compared to $2.23 in the prior year quarter[4]. - Operating income for Q1 2025 was $78,707 thousand, down 21.0% from $99,633 thousand in Q1 2024[31]. - Net income for Q1 2025 was $61,824 thousand, a decline of 22.7% compared to $79,965 thousand in Q1 2024[31]. - Adjusted net income for Q1 2025 was $81,320 thousand, remaining stable compared to $79,965 thousand in Q1 2024[32]. - Net income for Q1 2025 decreased to $61,824 from $79,965 in Q1 2024, representing a decline of approximately 22.7%[38]. Segment Performance - The Corporate Finance & Restructuring segment saw revenues decrease by $22.4 million or 6.1% to $343.6 million, with adjusted segment EBITDA of $55.9 million, or 16.3% of segment revenues[10]. - The Forensic and Litigation Consulting segment reported an 8.3% increase in revenues to $190.6 million, with adjusted segment EBITDA of $37.5 million, or 19.7% of segment revenues[11]. - The Economic Consulting segment experienced a revenue decline of $24.7 million or 12.1% to $179.9 million, with adjusted segment EBITDA of $14.4 million, or 8.0% of segment revenues[13]. - The Corporate Finance & Restructuring segment generated revenues of $343,645 thousand with an adjusted EBITDA margin of 16.3% in Q1 2025[35]. - The Forensic and Litigation Consulting segment reported revenues of $190,602 thousand with an adjusted EBITDA margin of 19.7% in Q1 2025[35]. Share Repurchase and Capital Management - The company repurchased 1,126,995 shares at an average price of $165.15 for a total cost of $186.1 million, with approximately $264.3 million remaining for future repurchases[7]. - The company announced a $400.0 million increase in share repurchase authorization, bringing the total authorization to $1.7 billion since the program's inception[9]. - The company repurchased common stock totaling $182,641 during the quarter, reflecting a new strategy in capital management[38]. Special Charges and Workforce Changes - A special charge of $25.3 million was recorded in the first quarter 2025, reflecting the termination of approximately 5% of the workforce, expected to yield annualized cost savings of about $85 million[16]. - The company incurred special charges of $25,295 thousand in Q1 2025, impacting net income and adjusted EPS[32]. Cash Flow and Balance Sheet - Net cash used in operating activities increased significantly to $(465,210) compared to $(274,818) in the prior year, indicating a rise of 69.1%[38]. - Cash and cash equivalents at the end of the period dropped to $151,121 from $243,960, a decrease of 38.1%[38]. - Total assets decreased to $3,347,702 thousand as of March 31, 2025, from $3,596,830 thousand as of December 31, 2024[29]. - Total liabilities decreased to $1,198,064 thousand as of March 31, 2025, from $1,338,540 thousand as of December 31, 2024[29]. - Total borrowings under the revolving line of credit amounted to $235,000, down from $280,000 in the previous year[38]. Other Financial Metrics - Depreciation of property and equipment was $10,145, slightly down from $10,424, showing a minor reduction of 2.7%[38]. - The provision for expected credit losses decreased to $7,214 from $11,420, a reduction of 36.5%[38]. - Accounts receivable, billed and unbilled, showed a negative change of $(74,890), compared to $(73,201) in the previous year[38]. - The effect of exchange rate changes on cash and cash equivalents resulted in a positive impact of $5,942, contrasting with a negative impact of $(3,635) last year[38]. - Net cash provided by (used in) investing activities was $(17,803), a significant decline from $20,606 in the prior year[38].