fti consulting inc (FCN) Key Developments
FTI Consulting, Inc. Appoints Henk Hop as Senior Managing Director
May 27 15
FTI Consulting, Inc. announced the further expansion of its European tax advisory team, with the addition of nine professionals, including one Senior
Managing Director and two Managing Directors, from Global VAT Compliance BV. Henk Hop, CEO of Global VAT Compliance, BV, will be joining FTI Consulting as a Senior Managing Director.
FTI Consulting, Inc. Appoints Matthew Blunt as Vice President of Global Talent Acquisition
May 19 15
FTI Consulting, Inc. announced the appointment of Matthew Blunt vice president of Global Talent Acquisition. He will be based out of the company's executive headquarters in Washington, D.C. Blunt has nearly 20 years of experience in talent acquisition and recruiting. Prior to joining FTI Consulting, Blunt held numerous recruiting roles at PricewaterhouseCoopers. Most recently, Blunt served as the U.S. Recruiting Leader in the Assurance practice of PwC, where he led the domestic and international strategy and execution of the Assurance practice's recruiting function. In his new role, Blunt will help lead the efforts to attract, engage, retain and develop leading professionals. Blunt will focus on talent assessment, process optimization and leading the regional and executive recruiting efforts across the firm.
FTI Consulting, Inc. Announces Expansion of its Economic Consulting Segment with the Establishment of a Presence in South Africa; John Lisle to Lead the Economic Consulting Team in South Africa
May 18 15
FTI Consulting, Inc. announced the expansion of its Economic Consulting segment in Europe, the Middle East and Africa with the establishment of a presence in South Africa. The Economic Consulting team in South Africa will focus on offering domestic and international dispute resolution services and advice in connection with economic regulation.
The Economic Consulting team in South Africa will be led by John Lisle, a Managing Director who specialises in the assessment of damages in complex commercial disputes, the application of financial and economic analysis related to regulated prices and in providing advice in the context of investigations by competition authorities. Mr. Lisle joined FTI Consulting in 2011 and relocated to South Africa in early 2015 in preparation for the launch of the firm's Economic Consulting service offering in the region. Mr. Lisle will divide his time between FTI Consulting's two offices in South Africa, which are located in Johannesburg and Cape Town.
FTI Consulting, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; provides Earnings Guidance for the Second Quarter of 2015
Apr 30 15
FTI Consulting, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $432,338,000 compared with $425,552,000 for the same period last year. Operating income was $47,848,000 compared with $40,117,000 for the same period last year. Income before income tax provision was $35,343,000 compared with loss of $28,465,000 for the same period last year. Net income was $23,686,000 or $0.57 per diluted share compared with $18,117,000 or $0.45 per diluted share for the same period last year. Adjusted EBITDA was $58,668,000 compared with $51,196,000 for the same period last year. Adjusted net income was $23,686,000 or $0.57 per diluted share compared with $16,767,000 or $0.41 per diluted share for the same period last year. Net cash used in operating activities was $51,333,000 compared to $110,795,000 for the same period last year. Purchases of property and equipment were $8,876,000 compared with $15,179,000 for the same period last year.
The company provided earnings guidance for the second quarter of 2015. The slow pace in North American non-M&A litigation will likely continue into in second quarter of 2015. As a result, the company will consider itself fortunate if it can deliver second quarter revenue in ECON as flat with the second quarter revenue of last year.
FTI Consulting, Inc. Appoints Lester Pereira as Managing Director in the Governance, Risk and Regulation Practice
Apr 22 15
Lester Pereira has been appointed managing director in the FTI Consulting, Inc.'s governance, risk and regulation practice. He joins from the FCA, where he was acting manager in the investment banks supervision team. He has also held roles in banking.