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    FTI Consulting Inc (FCN)

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    FTI Consulting, Inc. (ticker: FCN) is a global business advisory firm that provides professional services to help clients address complex business challenges. The company specializes in offering strategic, operational, financial, and legal advisory services across various industries. Its offerings include consulting services in corporate finance, economic analysis, risk management, and digital solutions.

    1. Corporate Finance & Restructuring - Addresses strategic, operational, financial, transactional, and capital needs of clients, including business transformation, transactions, and restructuring services.
    2. Economic Consulting - Provides economic, financial, and econometric analysis for legal and regulatory matters, including antitrust, financial economics, and international arbitration.
    3. Forensic and Litigation Consulting - Offers risk management, investigations, and dispute advisory services, focusing on highly regulated industries and including areas such as disputes, data analytics, and risk investigations.
    4. Technology - Delivers e-discovery, information governance, and data analytics solutions to address legal, regulatory, and compliance needs.
    5. Strategic Communications - Develops and executes communication strategies to manage corporate reputation, financial communications, and public affairs during transformational events.
    NamePositionExternal RolesShort Bio

    Steven H. Gunby

    ExecutiveBoard

    President and Chief Executive Officer

    Chair of the Compensation Committee at Arrow Electronics, Inc.

    CEO since 2014; previously at Boston Consulting Group for 30+ years, holding senior leadership roles.

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    Ajay Sabherwal

    Executive

    Chief Financial Officer

    Director at Prairie Provident Resources Inc.

    CFO since 2016; previously EVP and CFO at FairPoint Communications, Inc.

    Brendan J. Keating

    Executive

    Chief Accounting Officer and Controller

    None

    Joined in 2011 as Assistant Controller; promoted to CAO and Controller in 2019.

    Curtis P. Lu

    Executive

    General Counsel

    None

    General Counsel since 2015; previously General Counsel at LightSquared, Inc., and litigation partner at Latham & Watkins LLP.

    Holly Paul

    Executive

    Chief Human Resources Officer

    None

    CHRO since 2014; previously SVP and CHRO at Vocus, Inc., and senior talent acquisition leader at PwC.

    Matthew Pachman

    Executive

    Chief Risk and Compliance Officer

    None

    Joined in 2012; previously built compliance programs at Altegrity Risk International, Freddie Mac, and MCI Communications Corp.

    Paul Linton

    Executive

    Chief Strategy and Transformation Officer

    None

    Joined in 2014; launched FTI Delta and led ESG initiatives, including net-zero GHG emissions by 2030.

    Brenda J. Bacon

    Board

    Director

    Trustee at Rowan University; Director at Argentum; Member of Hilton Grand Vacations Inc.'s Audit and Nominating Committees

    Director since 2006; co-founder and former CEO of Brandywine Senior Living LLC.

    Claudio Costamagna

    Board

    Director

    Chairman of CC e Soci S.r.l.; Director at Ferragamo Finanziaria S.p.A., Italiana Petroli S.p.A., and others

    Director since 2012; former Chairman of Goldman Sachs Investment Banking Division in EMEA.

    Elsy Boglioli

    Board

    Director

    Chair of TreeFrog Therapeutics; Board Member at GenSight Biologics, OSE Immunotherapeutics, and other private healthcare companies

    Director since 2023; founder and CEO of Bio-Up; extensive experience in healthcare technology and biopharma.

    Gerard E. Holthaus

    Board

    Chairman of the Board

    Lead Independent Director at WillScot Mobile Mini Holdings Corp.; Chairman at Loyola University Maryland, Saint Joseph Hospital, and The Baltimore Life Companies

    Director since 2004; Chairman since 2013; extensive leadership experience in governance and corporate strategy.

    Laureen E. Seeger

    Board

    Director

    Trustee at Central Park Conservancy; Chair of Governance Committee at University of Wisconsin Foundation

    Director since 2016; former Chief Legal Officer of American Express and General Counsel at McKesson Corporation.

    Mark S. Bartlett

    Board

    Director

    Chair of Audit Committees at T. Rowe Price Group, WillScot Mobile Mini Holdings Corp., and Zurn Elkay Water Solutions Corp.

    Director since 2015; extensive experience in audit and financial oversight.

    Nicholas C. Fanandakis

    Board

    Director

    Member of Audit Committees at Duke Energy Corp. and ITT Inc.

    Director since 2014; former CFO of DuPont; led major corporate transformations.

    Stephen C. Robinson

    Board

    Director

    Trustee at Cornell University, Lincoln Center for the Performing Arts, and The New York Community Trust

    Director since 2022; former U.S. District Judge and U.S. Attorney; retired partner at Skadden, Arps, Slate, Meagher & Flom LLP.

    1. With revenue growth at 3.7% this quarter, which is below your historical averages and expectations, what specific strategies are you implementing to accelerate growth and return to your aspirational levels in the near term?
    2. You mentioned delays in assignments and a slowdown in your strategy business due to large engagements concluding simultaneously; how are you addressing these issues to ensure a more consistent and reliable revenue stream in that segment?
    3. Despite higher SG&A expenses from investments in AI capabilities and increased non-billable headcount, adjusted EBITDA declined; how do you justify these expenses in light of the current revenue shortfall, and when do you anticipate seeing a return on these investments?
    4. Given the challenges in certain markets like Asia and a weaker global consulting backdrop, what measures are you taking to mitigate regional risks and adapt your strategy to maintain growth in these uncertain market conditions?
    5. With significant hiring initiatives, including over 320 new campus recruits and numerous senior hires, how are you balancing the increased personnel costs with the need to improve profitability, and how do you expect these hires to contribute to revenue growth in the upcoming quarters?
    Program DetailsProgram 1
    Approval DateJune 2, 2016
    End Date/DurationNo time limit
    Total Additional Amount$1.3 billion (most recent increase on December 1, 2022)
    Remaining Amount$460.7 million (as of September 30, 2024)
    DetailsThe program has no specific end date and may be suspended, discontinued, or replaced at any time by the Board of Directors without prior notice.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Corporate Finance & Restructuring (Q3 acquisition)

    2022

    $11.3 million in goodwill was recorded based on a purchase price allocation as the acquired business’s operations were integrated into the Corporate Finance segment.

    Corporate Finance & Restructuring (Q2 acquisition)

    2022

    The acquisition in Q2 resulted in $11.1 million in goodwill via a preliminary purchase price allocation, with the business operations integrated into the segment to support growth.

    Corporate Finance & Restructuring (Q1 acquisition)

    2022

    The Q1 acquisition generated $2.2 million in acquisition-related revenues and $12.9 million in goodwill from a preliminary purchase price allocation, with the acquired business’s performance fully included from the acquisition date.

    No recent press releases or 8-K filings found for FCN.