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WASHINGTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Luis Roman as a Senior Managing Director in the Construction, Projects & Assets practice within the firm’s Forensic and Litigation Consulting segment.

Mr. Roman brings more than 30 years of experience in construction and project management, including more than 25 years in construction forensics. He strengthens FTI Consulting's construction disputes capabilities, helping owners, contractors, law firms and developers resolve high-stakes claims involving schedule delays, cost overruns, productivity losses, contract disputes and damages quantification.

Mr. Roman has advised clients on projects spanning the power, energy, oil and gas, transportation, industrial, commercial and residential sectors globally. He has provided testimony and expert opinions in numerous domestic and international proceedings, including matters before the Permanent Court of Arbitration, the International Chamber of Commerce, Brazil-Canada Chamber of Commerce, Camara de Arbitraje de Santiago, American Arbitration Association and other leading arbitration forums.

In his role at FTI Consulting, Mr. Roman will support clients with construction forensics, claims and disputes, schedule analysis, delay causation, productivity assessments, cost estimating, damages quantification and expert testimony.

“Large capital projects continue to face schedule, cost and productivity pressures that can create complex disputes for owners, contractors and other stakeholders,” said Garrett Fultz, Global Leader of the Construction, Projects & Assets practice at FTI Consulting. “Luis’ experience across construction forensics, international arbitration and major infrastructure and energy projects will help clients evaluate project issues with discipline and develop fact-based approaches to dispute resolution.”

Mr. Roman is a Certified Cost Professional and Planning and Scheduling Professional. He has received international recognition for his work, including on the Lexology Index Arbitration Expert Witnesses list and in the Lexology Index Brazil report. Prior to joining FTI Consulting, he was a Managing Director at HECT Consulting and spent more than 20 years at Navigant Consulting in the Global Construction practice.

Commenting on his appointment, Mr. Roman said, “We are seeing significant investment in major capital projects across Latin America, particularly in the mining and energy sectors. With that investment comes increasingly complex projects and greater exposure to schedule delays, cost escalation, productivity challenges and contractual disputes. I look forward to bringing my experience in the region to FTI Consulting and leveraging the firm’s global expertise to help clients navigate these challenges and develop clear, fact-based approaches when disputes arise.”

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of June 30, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Sam Ford
+1.617.480.7402
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Jupiter Topco LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,387 shares of the business services provider’s stock, valued at approximately $1,996,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCN. SJS Investment Consulting Inc. increased its position in FTI Consulting by 5.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,358 shares of the business services provider’s stock valued at $240,000 after buying an additional 68 shares in the last quarter. Ethic Inc. boosted its holdings in FTI Consulting by 4.7% in the fourth quarter. Ethic Inc. now owns 1,938 shares of the business services provider’s stock worth $331,000 after acquiring an additional 87 shares in the last quarter. Petros Family Wealth LLC grew its stake in shares of FTI Consulting by 5.6% during the first quarter. Petros Family Wealth LLC now owns 1,727 shares of the business services provider’s stock worth $305,000 after acquiring an additional 92 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in shares of FTI Consulting by 0.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 10,074 shares of the business services provider’s stock worth $1,721,000 after acquiring an additional 92 shares during the last quarter. Finally, Sepio Capital LP increased its holdings in shares of FTI Consulting by 3.2% during the fourth quarter. Sepio Capital LP now owns 3,172 shares of the business services provider’s stock valued at $542,000 after acquiring an additional 99 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance Shares of FCN opened at $152.91 on Friday. The stock has a 50-day moving average of $155.47 and a two-hundred day moving average of $161.38. FTI Consulting, Inc. has a one year low of $137.65 and a one year high of $189.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market cap of $4.22 billion, a P/E ratio of 18.49 and a beta of -0.05.

FTI Consulting (NYSE:FCN – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The firm had revenue of $993.46 million for the quarter, compared to analysts’ expectations of $992.75 million. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, research analysts predict that FTI Consulting, Inc. will post 9.25 EPS for the current year. FTI Consulting declared that its Board of Directors has authorized a stock buyback program on Friday, June 5th that allows the company to repurchase $370.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades FCN has been the subject of several research analyst reports. The Goldman Sachs Group set a $169.00 price objective on shares of FTI Consulting in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.50.

Read Our Latest Report on FTI Consulting

FTI Consulting Profile (Free Report)

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

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Stock to Watch: FTI Consulting (FCN - Free Report) Based in Washington, D.C., and founded in 1982, FTI Consulting, Inc. is a global business advisory firm aimed at helping organizations manage change, mitigate risk and resolve financial, legal, operational, political and regulatory, reputational and transactional disputes. As of June 30, 2026, the company had 8,124 employees, with its workforce located across 32 countries and territories. FTI has highly qualified professionals who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms. Its client list includes a large percentage of Fortune 500 companies and FTSE 100 companies, as well as the majority of the largest 25 banks and the top 100 law firms in the world.

FCN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. FCN has a Growth Style Score of B, forecasting year-over-year earnings growth of 4.8% for the current fiscal year.

For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $9.25 per share. FCN boasts an average earnings surprise of +14.1%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FCN should be on investors' short list.

Key Takeaways FTI Consulting spent $390.9 million repurchasing 2.59 million shares in the second quarter of 2026.FCN's diluted share count fell to 29 million, helping adjusted EPS rise 1.4% despite lower net income.FCN's net debt climbed to $856.3 million, while second-quarter interest expense more than doubled. FTI Consulting, Inc. (FCN - Free Report) spent $390.9 million repurchasing 2.59 million shares in the second quarter of 2026, extending a capital-return program that has materially reduced its share count.

The trade-off is becoming more important. Lower shares outstanding supported per-share earnings, but net debt climbed sharply as repurchases absorbed substantial capital.

FCN's Q2 Buyback Was MaterialThe second-quarter purchase followed $126.8 million of repurchases in the first quarter and $858.7 million during 2025. Management said the latest purchases reflected its assessment of long-term value and available balance-sheet capacity while continuing to fund talent investments.

The scale stands out among consulting peers. Huron Consulting Group Inc. (HURN - Free Report) repurchased $53.1 million of stock in the second quarter, bringing its first-half 2026 repurchases to $208.6 million.

FTI Consulting's Share Count Fell SharplyFCN's weighted-average diluted shares fell to 29.0 million in the second quarter from 33.6 million a year earlier. The reduction helped offset weaker absolute profitability on a per-share basis.

Adjusted earnings rose 1.4% year over year to $2.16 per share even as net income declined 19.4% to $57.8 million. Fewer outstanding shares and a lower effective tax rate helped protect per-share results.

FCN's Debt Load Rose With RepurchasesNet debt reached $856.3 million at June 30, 2026, up from $317.2 million a year earlier. Total debt stood at about $1.02 billion, versus $470 million at June 30, 2025.

The higher borrowing burden makes future capital allocation more consequential. Second-quarter interest expense increased to $11.6 million from $5.3 million a year earlier, adding another cost to consider as FCN balances repurchases with operating investments.

FTI Consulting Still Has Liquidity CapacityLiquidity remains substantial. Current assets totaled $1.59 billion at quarter-end compared with current liabilities of $782.4 million, while second-quarter operating cash flow increased to $152.3 million from $55.7 million a year earlier.

FTI Consulting also increased its revolving credit line from $900 million to as much as $1.5 billion. The existing $300 million incremental term loan remained outstanding under the amended credit agreement.

FCN Has More Buyback Capacity AheadThe board added $370 million to the repurchase authorization in June 2026, leaving about $344 million available at quarter-end. Further purchases could keep reducing the share count, but the pace will matter given the higher debt balance.

CRA International Inc. (CRAI - Free Report) offers a different capital-return mix. CRA returned $31.4 million to shareholders in its fiscal second quarter, including $27.8 million of share repurchases and $3.6 million of dividend payments, while FCN does not pay a dividend.

FCN's Style Signals Keep the Trade-Off BalancedThe buyback has delivered a clear per-share benefit, but the accompanying rise in leverage keeps the capital-allocation equation balanced. Continued repurchases can reduce shares outstanding, while higher debt and interest expense remain offsets.

FCN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

FTI Consulting’s VGM Score of A and Value Score of A, along with a Growth Score of B and Momentum Score of B, indicate favorable style characteristics, but the #3 Rank supports a measured stance rather than treating the buyback alone as a decisive near-term signal.

Ducon Infratechnologies Ltd. (“Ducon”) (NSE: DUCON)., a technology-driven leader in industrial Air Pollution Control and Bulk Material Handling Systems, tod

Key Takeaways FTI Consulting's adjusted EPS beat estimates as revenues rose 5.3% year over year.Higher direct and SG&A costs cut adjusted EBITDA 6.4% and narrowed the margin to 10.5%.Technology revenues climbed 18.4% y/y, while 2026 revenue guidance stayed at $3.94-$4.10 billion. FTI Consulting, Inc. (FCN - Free Report) reported second-quarter 2026 results with adjusted earnings of $2.16 per share, topping the Zacks Consensus Estimate of $2.09 by 3.4%. Earnings increased 1.4% year over year, aided by a lower tax rate and fewer outstanding shares, while revenues rose 5.3% year over year.

Lower pass-through revenues partly offset growth in Corporate Finance, Technology and Forensic and Litigation Consulting. Billable headcount increased 3.2%.

However, the results did not impress the market as the stock has declined 4.1% since the earnings release on July 30.

FCN shares have depreciated 6.4% over the past year compared with the industry’s 30.2% decline. The Zacks S&P 500 composite has risen 22.9% over the same time frame.

FCN's Profitability Faces Cost PressureNet income declined 19.4% year over year to $57.8 million. GAAP earnings were $1.99 per share, down 6.6%, and included $0.17 in extraordinary litigation-related expenses.

Adjusted EBITDA fell 6.4% to $104.5 million as higher direct costs and selling, general and administrative expenses more than offset revenue growth. The adjusted EBITDA margin contracted 130 basis points to 10.5%.

Direct costs reflected continued investments in senior talent and supporting teams across Corporate Finance, Forensic and Litigation Consulting and Strategic Communications. Selling, General & Administrative (SG&A) expenses increased to $230.7 million from $202.2 million due to higher compensation, travel and entertainment, and legal costs.

FTI Consulting's Corporate Finance Revenues RiseCorporate Finance revenues increased 8.5% year over year to $411.4 million. Higher realized bill rates across transactions, transformation, and turnaround and restructuring services, along with increased transformation demand and higher success fees, supported growth.

Transformation revenues advanced 26%, while transactions revenues increased 10%. Turnaround and restructuring revenues declined 2%, reflecting a softer market, although management said the company continued to gain share in large and complex restructuring matters.

Adjusted segment EBITDA rose 5.3% to $86 million. However, the margin declined to 20.9% from 21.5% as higher compensation, including the impact of a 7.8% rise in billable headcount and increased SG&A expenses, partly offset revenue gains.

FCN's Technology Segment Delivers Strong GrowthTechnology revenues increased 18.4% to $99 million, driven by stronger demand for merger-related second-request services. This was partly offset by lower demand for investigations services.

Adjusted segment EBITDA jumped 71.3% to $9.1 million, while the margin expanded to 9.1% from 6.3%. Higher revenues more than offset increased compensation, including higher as-needed consultant costs, and SG&A expenses.

Forensic and Litigation Consulting revenues grew 4.1% to $194.3 million. Higher realized bill rates and demand for risk and investigations services offset weaker demand for dispute advisory services. Adjusted segment EBITDA edged up 0.5% to $31.4 million.

FTI Consulting's Economic Business Improves SequentiallyEconomic Consulting revenues declined 1.5% year over year to $188.8 million. Lower demand for non-merger & acquisitions (M&A)-related antitrust and international arbitration services was partly offset by stronger M&A-related antitrust demand and higher realized bill rates in financial economics.

The segment improved sharply compared with the first quarter, with revenues rising 7.5% sequentially. Adjusted segment EBITDA improved to $8.8 million from a loss of $5.9 million, reflecting higher revenues and lower compensation expenses.

Strategic Communications revenues decreased 2.6% to $100 million due to a $7.4 million decline in pass-through revenues. Excluding pass-through revenues, sales increased 5.4%, driven primarily by higher demand for corporate reputation services.

FCN Generates Strong Quarterly Cash FlowNet cash provided by operating activities increased to $152.3 million from $55.7 million a year earlier. Free cash flow totaled $141 million, compared with $38.3 million in the prior-year quarter.

FTI Consulting repurchased 2.6 million shares at an average price of $150.84, spending $390.9 million. The company had approximately $344 million remaining under its repurchase authorization at quarter-end.

Cash and cash equivalents were $163.7 million as of June 30, 2026, compared with $198.3 million at the end of the preceding quarter. Total debt reached $1.02 billion, primarily reflecting capital deployed for share repurchases.

FTI Consulting Reaffirms Revenue GuidanceThe company reaffirmed its 2026 revenue guidance of $3.94-$4.10 billion, with the midpoint of $4.02 billion being higher than the Zacks Consensus Estimate of $3.98 billion. It lowered GAAP earnings guidance to $8.70-$9.30 per share from $8.90-$9.60, reflecting extraordinary litigation-related expenses.

Adjusted earnings are projected between $9.10 and $9.70 per share, with the midpoint of $9.40 per share being higher than the Zacks Consensus Estimate of $9.25 per share. Management expects Economic Consulting to generate year-over-year revenues and adjusted segment EBITDA growth during the second half.

The effective tax rate is expected to be between 21% and 23%, down from the previous 22-24% range. SG&A expenses are projected to be roughly $70 million higher than in 2025, compared with the earlier expectation of a $60 million increase.

Currently, FTI Consulting carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Earnings SnapshotsTrane Technologies plc (TT - Free Report) reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year.

Clean Harbors, Inc. (CLH - Free Report) posted better-than-expected second-quarter 2026 results. CLH’s adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate by 17.5% and rose 36.4% year over year. Total revenues of $1.74 billion surpassed the consensus estimate by 6.8% and increased 12% from the year-ago quarter.

FTI Consulting NYSE: FCN reported record second-quarter revenue for 2026, but adjusted EBITDA declined from a year earlier as higher direct costs and selling, general and administrative expenses outweighed top-line growth. The company maintained its full-year revenue outlook while lowering its GAAP earnings-per-share guidance, citing litigation-related costs and first-half profitability pressures.

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Second-quarter revenue increased 5.3% year over year, while revenue excluding pass-through expenses rose 6.5%, Chief Financial Officer Angela Nam said. Growth was led by the Corporate Finance & Restructuring, Technology and Forensic and Litigation Consulting segments. Adjusted EBITDA was $104.5 million, or 10.5% of revenue, compared with $111.6 million, or 11.8% of revenue, in the prior-year period.

GAAP EPS was $1.99 and adjusted EPS was $2.16. The difference reflected $6.6 million in extraordinary litigation-related expenses, which reduced GAAP EPS by $0.17, Nam said.

SG&A Costs and Litigation Weighed on Profitability SG&A expense rose to $230.7 million from $202.2 million a year earlier. Nam attributed the increase to higher compensation, travel and entertainment expenses, and legal costs. Compensation included one-time items that the company does not expect to recur, while travel costs reflected an all-senior managing director meeting held in April that was not held in the prior year.

The company also incurred increased litigation expenses related to a lawsuit against a former employee that was originally filed in 2023. Nam said a court decision in May allowing a third amended complaint expanded the case to include additional defendants, including a competing firm, as well as new claims.

FTI expects third-quarter SG&A to be about $12 million lower than second-quarter levels. For the full year, it now expects SG&A to be about $70 million higher than in 2025, compared with its earlier expectation of a $60 million increase, largely because of higher legal costs.

International Timing Issues and Middle East Uncertainty Chief Executive Officer and Chairman Steven Gunby said revenue was below the company’s expectations in some international markets, particularly in the United Kingdom and the Middle East, even as overseas operations continued to grow.

Gunby characterized the U.K. shortfall as a short-term timing issue involving engagements ending and delays in new major matters starting. He said the seasonal vacation period in Europe can make it difficult for a business to rebound quickly during the summer.

The Middle East outlook was less certain because of geopolitical disruption. Gunby said the company has a “terrific team” in the region and believes the business is operating below its capacity, but he said it is difficult to forecast when conditions may improve.

“We are being very cautious about saying we don’t see a turn anytime near term,” Gunby said in response to an analyst question.

Despite those pressures, management maintained its full-year revenue guidance of $3.94 billion to $4.1 billion. The company lowered its GAAP EPS outlook to a range of $8.70 to $9.30 from a prior range of $8.90 to $9.60. Adjusted EPS is expected to be between $9.10 and $9.70.

Segment Performance Included Corporate Finance Growth and Economic Consulting Improvement Corporate Finance & Restructuring revenue increased 8.5% year over year, driven by higher realized bill rates and higher success fees. The transformation practice grew 26%, supported by cost-reduction, supply-chain and operational-efficiency mandates. Transactions revenue grew 10%.

Turnaround and restructuring revenue declined 2% year over year in the quarter, though Nam said global restructuring revenue increased 8% in the first half. The company cited work on restructuring matters including Dish Network, Spirit Airlines, First Brands and Marelli in the U.S.; Prax Lindsey Oil Refinery in the U.K.; Raízen in Brazil; and Chinese property developers in Asia.

Management said the overall restructuring market remains uneven, but the company continues to win large and complex assignments. Gunby said macroeconomic conditions appear favorable for restructuring activity over time, though he declined to forecast the timing of a broader recovery.

Economic Consulting exceeded management’s expectations, with revenue increasing $13.2 million sequentially and adjusted segment EBITDA rising $14.7 million from the first quarter. The improvement reflected strength at Compass Lexecon in both North America and Europe, including M&A-related antitrust work and financial economics engagements. Management expects the segment to produce year-over-year growth in revenue and adjusted segment EBITDA during the second half, though it does not anticipate another comparable sequential step-up.

Technology revenue increased 18.4% year over year, driven by demand for M&A-related second-request services. Strategic Communications revenue, excluding pass-through expenses, rose 5.4%, led by corporate reputation services and event-driven offerings including crisis, cyber, M&A and activism work.

AI Demand, Hiring and Capital Allocation Gunby and Nam said artificial intelligence is contributing to demand across the firm’s businesses. FTI is advising clients on AI-related matters involving litigation, regulation, intellectual property, misinformation, antitrust, cybersecurity and operational risk. Gunby cited an engagement in which the firm reviewed 45,000 images, videos and mobile-data items over a short period to support a client’s litigation strategy.

The company continued to invest in senior talent, with billable headcount up 3.2% year over year and SMD and managing director headcount up 5%. FTI announced 45 SMD and affiliate hires year to date and expects to welcome more than 270 graduates in the third quarter.

Operating cash flow totaled $152.3 million, compared with $55.7 million in the second quarter of 2025, primarily reflecting higher collections, lower forgivable loan issuances and lower income-tax payments. During the quarter, FTI repurchased 2.6 million shares for $390.9 million, at an average price of $150.84 per share. About $344 million remained under the company’s repurchase authorization as of June 30.

Nam said the company remains opportunistic on buybacks while prioritizing funding operations and organic growth investments, pursuing M&A opportunities when available, and retaining the option to reduce debt. FTI also increased its revolving credit facility to $1.5 billion from $900 million and extended its maturity by five years.

About FTI Consulting (NYSE:FCN)FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company's primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Record Second Quarter 2026 Revenues of $993.5 Million, Up 5.3% Compared to $943.7 Million in Prior Year QuarterSecond Quarter 2026 EPS of $1.99 and Adjusted EPS of $2.16, Compared to EPS and Adjusted EPS of $2.13 in Prior Year QuarterCompany Reaffirms Revenue Guidance, Updates EPS Guidance Range to Between $8.70 and $9.30 and Introduces Adjusted EPS Guidance Range of Between $9.10 and $9.70 WASHINGTON, July 30, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today released financial results for the second quarter ended June 30, 2026.

Second quarter 2026 record revenues of $993.5 million increased $49.8 million, or 5.3%, compared to revenues of $943.7 million in the prior year quarter. The increase was primarily driven by revenue growth in the Corporate Finance, Technology and Forensic and Litigation Consulting segments, which was partially offset by a $9.2 million decline in pass-through revenues. Net income of $57.8 million compared to $71.7 million in the prior year quarter. The decrease in net income was primarily due to higher direct costs, selling, general and administrative (“SG&A”) expenses and interest expense, which was partially offset by the increase in revenues and a lower income tax provision. Adjusted EBITDA of $104.5 million, or 10.5% of revenues, compared to $111.6 million, or 11.8% of revenues, in the prior year quarter. Second quarter 2026 Adjusted EBITDA excludes $6.6 million of Extraordinary Litigation-Related Expenses.1 Second quarter 2026 EPS of $1.99 compared to $2.13 in the prior year quarter. Second quarter 2026 EPS included the aforementioned Extraordinary Litigation-Related Expenses, which reduced EPS by $0.17. Second quarter Adjusted EPS of $2.16 compared to $2.13 in the prior year quarter.

Steven H. Gunby, CEO and Chairman of FTI Consulting, commented, “Our performance this quarter demonstrates, once again, the underlying power of this institution and the resilience created by our sustained, multiyear investments in great talent. As clients face ever more complicated and disrupted environments, the depth and breadth of our capabilities across our global platform are increasingly relevant. Though the event-driven nature of our business means we will always have zigs and zags someplace around the world, we continue to feel confident and excited about our multiyear trajectory.”

Cash Position and Capital Allocation

Net cash provided by operating activities of $152.3 million for the quarter ended June 30, 2026 compared to $55.7 million for the quarter ended June 30, 2025. The year-over-year increase in net cash provided by operating activities was primarily due to higher cash collections and a decrease in forgivable loan issuances and income tax payments, which was partially offset by an increase in operating expense and compensation payments.

On June 3, 2026, FTI Consulting’s Board of Directors authorized the additional amount of $370.0 million to repurchase its outstanding shares of common stock under its stock repurchase program. During the quarter ended June 30, 2026, the Company repurchased 2,591,133 shares of its common stock at an average price per share of $150.84 for a total cost of $390.9 million. As of June 30, 2026, approximately $344.0 million remained available for common stock repurchases under the Company’s stock repurchase program.

Cash and cash equivalents of $163.7 million at June 30, 2026 compared to $152.8 million at June 30, 2025 and $198.3 million at March 31, 2026. Total debt, net of cash, of $856.3 million at June 30, 2026 compared to $317.2 million at June 30, 2025 and $556.7 million at March 31, 2026. The sequential increase in total debt, net of cash, was primarily due to share repurchases.

Second Quarter 2026 Segment Results

Corporate Finance
Revenues in the Corporate Finance segment increased $32.2 million, or 8.5%, to $411.4 million in the quarter compared to $379.2 million in the prior year quarter. The increase in revenues was primarily due to higher realized bill rates for transactions, transformation and turnaround & restructuring services, an increase in demand for transformation services, and higher success fees, which was partially offset by lower demand for turnaround & restructuring services. Segment operating income of $82.5 million compared to $78.1 million in the prior year quarter. Adjusted Segment EBITDA of $86.0 million, or 20.9% of segment revenues, compared to $81.7 million, or 21.5% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was partially offset by an increase in compensation, which includes the impact of a 7.8% increase in billable headcount, and higher SG&A expenses.

Forensic and Litigation Consulting
Revenues in the Forensic and Litigation Consulting segment increased $7.7 million, or 4.1%, to $194.3 million in the quarter compared to $186.5 million in the prior year quarter. The increase in revenues was primarily due to higher realized bill rates and demand for risk & investigations services, which was partially offset by lower demand for dispute advisory services. Segment operating income of $29.2 million compared to $29.1 million in the prior year quarter. Adjusted Segment EBITDA of $31.4 million, or 16.1% of segment revenues, compared to $31.2 million, or 16.7% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was nearly offset by an increase in compensation, which includes the impact of a 3.0% increase in billable headcount, and higher SG&A expenses.

Economic Consulting
Revenues in the Economic Consulting segment decreased $2.8 million, or 1.5%, to $188.8 million in the quarter compared to $191.7 million in the prior year quarter. The decrease in revenues was primarily due to lower demand for non-merger and acquisition (“M&A”)-related antitrust and international arbitration services, which was partially offset by higher demand for M&A-related antitrust services and higher realized bill rates for financial economics services. Segment operating income of $7.4 million compared to $12.8 million in the prior year quarter. Adjusted Segment EBITDA of $8.8 million, or 4.7% of segment revenues, compared to $14.2 million, or 7.4% of segment revenues, in the prior year quarter. The decrease in Adjusted Segment EBITDA was primarily due to lower revenues and higher compensation.

Technology
Revenues in the Technology segment increased $15.4 million, or 18.4%, to $99.0 million in the quarter compared to $83.6 million in the prior year quarter. The increase in revenues was primarily due to higher demand for M&A-related “second request” services, which was partially offset by lower demand for investigations services. Segment operating income of $4.8 million compared to $1.6 million in the prior year quarter. Adjusted Segment EBITDA of $9.1 million, or 9.1% of segment revenues, compared to $5.3 million, or 6.3% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was partially offset by an increase in compensation, which includes higher as-needed consultant costs, and higher SG&A expenses.

Strategic Communications
Revenues in the Strategic Communications segment decreased $2.7 million, or 2.6%, to $100.0 million in the quarter compared to $102.7 million in the prior year quarter. The decrease in revenues was primarily due to a $7.4 million decline in pass-through revenues. Excluding pass-through revenues, revenues increased $4.7 million, or 5.4%, primarily due to higher demand for corporate reputation services. Segment operating income of $17.4 million compared to $17.5 million in the prior year quarter. Adjusted Segment EBITDA of $18.5 million, or 18.5% of segment revenues, compared to $18.5 million, or 18.0% of segment revenues, in the prior year quarter.

2026 Guidance
The Company is reaffirming its full year 2026 revenue guidance range of between $3.940 billion and $4.100 billion. The Company now estimates EPS for full year 2026 will range between $8.70 and $9.30, which compares to the prior range of between $8.90 and $9.60. The Company estimates Adjusted EPS will range between $9.10 and $9.70. The variance between EPS and Adjusted EPS guidance for full year 2026 includes an estimated $0.40 of Extraordinary Litigation-Related Expenses.

Second Quarter 2026 Conference Call
FTI Consulting will host a conference call for analysts and investors to discuss second quarter 2026 financial results at 9:00 a.m. Eastern Time on Thursday, July 30, 2026. The call can be accessed live and will be available for replay over the internet for 90 days by logging onto the Company’s investor relations website here.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of June 30, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

Non-GAAP Financial Measures
In the accompanying analysis of financial information, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Certain of these financial measures are considered not in conformity with GAAP ("non-GAAP financial measures") under the United States Securities and Exchange Commission ("SEC") rules. Specifically, we have referred to the following non-GAAP financial measures:

Adjusted Segment EBITDAAdjusted EBITDAAdjusted EBITDA MarginAdjusted Net IncomeAdjusted Earnings per Diluted Share We have included the definition of Segment Operating Income, which is a GAAP financial measure, below in order to more fully define the components of certain non-GAAP financial measures in the accompanying analysis of financial information. We define Segment Operating Income as a segment’s share of consolidated operating income. We use Segment Operating Income for the purpose of calculating Adjusted Segment EBITDA, which is a non-GAAP financial measure. We define Adjusted Segment EBITDA as Segment Operating Income before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We use Adjusted Segment EBITDA as a basis to internally evaluate the financial performance of our segments because we believe it reflects core operating performance and provides an indicator of the segment’s ability to generate cash.

We define Adjusted EBITDA, which is a non-GAAP financial measure, as consolidated net income before income tax provision, other non-operating income (expense), depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges, goodwill impairment charges, gain or loss on sale of a business, losses on early extinguishment of debt and Extraordinary Litigation-Related Expenses (as defined below). We define Adjusted EBITDA Margin, which is a non-GAAP financial measure, as Adjusted EBITDA as a percentage of total revenues. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results and GAAP financial measures, provide management and investors with a more complete understanding of our operating results, including underlying trends. Many of our competitors use alternative measures of operating performance. Non-GAAP financial measures are used by investors, financial analysts, rating agencies and others to value and compare the financial performance of companies in our industry. Therefore, we also believe that our non-GAAP financial measures, considered along with corresponding GAAP financial measures, provide management and investors with useful supplemental information.

We define Adjusted Net Income and Adjusted Earnings per Diluted Share ("Adjusted EPS"), which are non-GAAP financial measures, as net income and EPS, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special charges, goodwill impairment charges, the gain or loss on sale of a business, losses on early extinguishment of debt and Extraordinary Litigation-Related Expenses (as defined below). We use Adjusted Net Income for the purpose of calculating Adjusted EPS. Management uses Adjusted EPS to assess total Company operating performance on a consistent basis. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results and GAAP financial measures, provide management and investors with useful supplemental information on our business operating results, including underlying trends.

“Extraordinary Litigation-Related Expenses” represent expenses related to the Company’s litigation in the case captioned FTI Consulting, Inc. et al., v. Jonathan M. Orszag et al., 8:23-cv-03200-BAH-AAQ (D.Md.) (together with ancillary proceedings, “FTI vs. Orszag, et al”). In May 2026, the United States District Court for the District of Maryland (the “Court”) allowed the Company to file a third amended complaint to an existing proceeding against Jonathan Orszag, adding Econic Partners LLC, a competitor of the Company, and Dr. Mark Israel, a former Company employee, as defendants. The third amended complaint also added additional claims, including for theft of Company trade secrets and conspiracy to unlawfully compete. This litigation was originally filed in November 2023 against Mr. Orszag, a former Company employee, to enforce the terms of his employment agreement. As a result of the Court’s allowance of the third amended complaint, in the Company’s judgment, beginning in the second quarter of 2026, FTI vs Orszag, et al became non-recurring and outside of the ordinary course of business based on the following considerations: (i) the magnitude of the proceedings, (ii) the complexity of the proceedings, (iii) the counterparties involved and (iv) the Company’s overall litigation strategy. No non-GAAP financial measures for prior periods presented have been adjusted for litigation expenses related to FTI vs. Orszag, et al because the proceedings did not become extraordinary until the second quarter of 2026.

Non-GAAP financial measures are not defined in the same manner by all companies and may not be comparable with other similarly titled measures of other companies. Non-GAAP financial measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Consolidated Statements of Comprehensive Income. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this press release.

Safe Harbor Statement

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact, including among other things, statements about future events, anticipated growth, industry prospects, business trends, our future results of operations and financial position, business strategy and plans, future revenues or performance, financing needs, and objectives of management for future operations, are forward-looking statements. Forward-looking statements often contain words such as “may,” “might,” “will,” “should,” “could,” “would,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “commits,” “aspires,” “forecasts,” “future,” “goal,” “seeks” and variations of such words or similar expressions. There are a number of risks, uncertainties and other factors that could cause our actual results or outcomes, and the timing of our results or outcomes, to differ materially from the forward-looking statements expressed or implied by this press release. Although we believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, we can provide no assurance that these expectations and assumptions will prove to be correct. Forward-looking statements relate to future events, results and outcomes and are inherently uncertain. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements. Important factors that could cause our actual results or outcomes, and the timing of our results and outcomes, to differ materially from the forward-looking statements we make in this press release include those set forth under the heading “Risk Factors” in Part I, Item 1A in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026 as well as in other information that we file with the SEC from time to time. All forward-looking statements are presented as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included herein. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement for any reason.

Investor & Media Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

FINANCIAL TABLES FOLLOW

 FTI CONSULTING, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
   June 30, December 31,   2026   2025   (Unaudited)  Assets    Current assets    Cash and cash equivalents $163,747  $265,091 Accounts receivable, net  1,158,395   1,037,678 Current portion of notes receivable  93,867   87,861 Prepaid expenses and other current assets  170,660   126,997    Total current assets  1,586,669   1,517,627 Property and equipment, net  163,781   169,333 Operating lease assets  190,444   201,492 Goodwill  1,239,753   1,242,777 Intangible assets, net  12,376   13,547 Notes receivable, net  241,628   250,667 Other assets  100,074   95,085    Total assets $3,534,725  $3,490,528 Liabilities and Stockholders’ Equity    Current liabilities    Accounts payable, accrued expenses and other $219,316  $206,247 Accrued compensation  505,269   712,335 Billings in excess of services provided  57,802   56,607    Total current liabilities  782,387   975,189 Long-term debt, net  1,019,320   365,000 Noncurrent operating lease liabilities  208,661   224,510 Deferred income taxes  98,913   99,611 Other liabilities  91,494   92,487    Total liabilities  2,200,775   1,756,797 Stockholders’ equity    Preferred stock, $0.01 par value; shares authorized — 5,000; none
outstanding  —   — Common stock, $0.01 par value; shares authorized — 75,000; shares
issued and outstanding — 27,711 (2026) and 30,864 (2025)  277   309 Additional paid-in capital  —   354 Retained earnings  1,473,529   1,862,672 Accumulated other comprehensive loss  (139,856)  (129,604)   Total stockholders’ equity  1,333,950   1,733,731       Total liabilities and stockholders’ equity $3,534,725  $3,490,528           FTI CONSULTING, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands, except per share data)
   Three Months Ended
June 30,
   2026   2025  (Unaudited)Revenues$993,464  $943,662 Operating expenses   Direct cost of revenues 677,191   641,141 Selling, general and administrative expenses 230,713   202,204 Amortization of intangible assets 539   1,053   908,443   844,398 Operating income 85,021   99,264 Other income (expense)   Interest income and other (401)  (2,068)Interest expense (11,630)  (5,257)  (12,031)  (7,325)Income before income tax provision 72,990   91,939 Income tax provision 15,180   20,241 Net income$57,810  $71,698 Earnings per common share ― basic$2.01  $2.16 Weighted average common shares outstanding ― basic 28,739   33,261 Earnings per common share ― diluted$1.99  $2.13 Weighted average common shares outstanding ― diluted 29,038   33,591 Other comprehensive income (loss), net of tax   Foreign currency translation adjustments, net of tax expense of $0$(199) $33,773 Total other comprehensive income (loss), net of tax (199)  33,773 Comprehensive income$57,611  $105,471          FTI CONSULTING, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands, except per share data)
   Six Months Ended
June 30,
   2026   2025  (Unaudited)Revenues$1,976,809  $1,841,944 Operating expenses   Direct cost of revenues 1,353,709   1,250,069 Selling, general and administrative expenses 453,011   386,539 Special charges —   25,295 Amortization of intangible assets 1,151   2,070   1,807,871   1,663,973 Operating income 168,938   177,971 Other income (expense)   Interest income and other 673   774 Interest expense (18,075)  (6,225)  (17,402)  (5,451)Income before income tax provision 151,536   172,520 Income tax provision 36,095   38,998 Net income$115,441  $133,522 Earnings per common share ― basic$3.93  $3.91 Weighted average common shares outstanding ― basic 29,358   34,152 Earnings per common share ― diluted$3.89  $3.87 Weighted average common shares outstanding ― diluted 29,680   34,541 Other comprehensive income (loss), net of tax   Foreign currency translation adjustments, net of tax expense of $0$(10,252) $48,347 Total other comprehensive income (loss), net of tax (10,252)  48,347 Comprehensive income$105,189  $181,869          FTI CONSULTING, INC.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME AND EPS TO ADJUSTED EPS
(in thousands, except per share data)
       Three Months Ended
June 30,
 Six Months Ended
June 30,      2026   2025  2026   2025   (Unaudited) (Unaudited)Net income $57,810  $71,698 $115,441  $133,522 Add back:        Special charges  —   —  —   25,295 Tax impact of special charges  —   —  —   (5,799)Extraordinary Litigation-Related Expenses(1)  6,623   —  6,623   — Tax impact of Extraordinary Litigation-Related
Expenses(1)  (1,694)  —  (1,694)  — Adjusted Net Income $62,739  $71,698 $120,370  $153,018 EPS $1.99  $2.13 $3.89  $3.87 Add back:        Special charges  —   —  —   0.73 Tax impact of special charges  —   —  —   (0.17)Extraordinary Litigation-Related Expenses(1)  0.23   —  0.23   — Tax impact of Extraordinary Litigation-Related
Expenses(1)  (0.06)  —  (0.06)  — Adjusted EPS $2.16  $2.13 $4.06  $4.43 Weighted average number of common shares
outstanding ― diluted  29,038   33,591  29,680   34,541 _______________               (1) Refer to “Non-GAAP Financial Measures” in this Press Release for the definition of “Extraordinary Litigation-Related Expenses.”
  FTI CONSULTING, INC.
RECONCILIATION OF EPS GUIDANCE TO ADJUSTED EPS GUIDANCE
   Year Ended December 31, 2026  Low HighGuidance on estimated earnings per common share—diluted (GAAP)(1) $8.70  $9.30 Extraordinary Litigation-Related Expenses(2)  0.54   0.54 Tax impact of Extraordinary Litigation-Related Expenses(2)  (0.14)  (0.14)Guidance on estimated adjusted earnings per common share (non-GAAP)(1) $9.10  $9.70 _______________        (1) The forward-looking guidance on estimated 2026 EPS and Adjusted EPS does not reflect other gains and losses (all of which would be excluded from Adjusted EPS) related to the future impact of remeasurement of acquisition-related contingent consideration, special charges, goodwill impairment charges, the gain or loss on sale of a business or losses on early extinguishment of debt, as these items are dependent on future events that are uncertain and difficult to predict.
(2) Refer to “Non-GAAP Financial Measures” in this Press Release for the definition of “Extraordinary Litigation-Related Expenses.”
  FTI CONSULTING, INC.
RECONCILIATION OF NET INCOME AND OPERATING INCOME TO ADJUSTED SEGMENT EBITDA AND ADJUSTED EBITDA
(in thousands)               Three Months Ended June 30, 2026
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $57,810 Interest income and other              401 Interest expense              11,630 Income tax provision              15,180 Operating income $82,475 $29,215 $7,444 $4,813 $17,390 $(56,316) $85,021 Depreciation of property and equipment  3,208  1,949  1,360  4,237  1,038  487   12,279 Amortization of intangible assets  280  190  —  —  69  —   539 Extraordinary Litigation-Related
Expenses(1)  —  —  —  —  —  6,623   6,623 Adjusted EBITDA $85,963 $31,354 $8,804 $9,050 $18,497 $(49,206) $104,462                Six Months EndedJune 30, 2026
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $115,441 Interest income and other              (673)Interest expense              18,075 Income tax provision              36,095 Operating income $167,705 $52,300 $113 $12,516 $38,228 $(101,924) $168,938 Depreciation of property and equipment  6,313  3,899  2,809  8,367  2,022  1,158   24,568 Amortization of intangible assets  595  419  —  —  137  —   1,151 Extraordinary Litigation-Related
Expenses(1)  —  —  —  —  —  6,623   6,623 Adjusted EBITDA $174,613 $56,618 $2,922 $20,883 $40,387 $(94,143) $201,280  _______________(1) Refer to “Non-GAAP Financial Measures” in this Press Release for the definition of “Extraordinary Litigation-Related Expenses.”
  FTI CONSULTING, INC.
RECONCILIATION OF NET INCOME AND OPERATING INCOME TO ADJUSTED SEGMENT EBITDA AND ADJUSTED EBITDA
(in thousands)               Three Months Ended June 30, 2025
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $71,698 Interest income and other              2,068 Interest expense              5,257 Income tax provision              20,241 Operating income $78,128 $29,071 $12,807 $1,560 $17,474 $(39,776) $99,264 Depreciation of property and equipment  2,768  1,889  1,376  3,724  938  628   11,323 Amortization of intangible assets  756  228  —  —  69  —   1,053 Adjusted EBITDA $81,652 $31,188 $14,183 $5,284 $18,481 $(39,148) $111,640                Six Months EndedJune 30, 2025
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $133,522 Interest income and other              (774)Interest expense              6,225 Income tax provision              38,998 Operating income $119,078 $59,177 $24,896 $8,154 $26,199 $(59,533) $177,971 Depreciation of property and equipment  5,350  3,602  2,735  6,794  1,779  1,208   21,468 Amortization of intangible assets  1,475  457  —  —  138  —   2,070 Special charges  11,696  5,475  983  1,928  3,268  1,945   25,295 Adjusted EBITDA $137,599 $68,711 $28,614 $16,876 $31,384 $(56,380) $226,804                          FTI CONSULTING, INC.
OPERATING RESULTS BY BUSINESS SEGMENT             Segment
Revenues Adjusted
EBITDA Adjusted EBITDA
Margin Utilization Average
Billable
Rate Billable
Headcount (in thousands)       (at period end)Three Months Ended June 30, 2026
(Unaudited)           Corporate Finance$411,399 $85,963  20.9% 59% $553 2,358Forensic and Litigation Consulting 194,254  31,354  16.1% 54% $465 1,527Economic Consulting 188,812  8,804  4.7% 61% $633 970Technology(1) 99,017  9,050  9.1% N/M N/M 641Strategic Communications(1) 99,982  18,497  18.5% N/M N/M 913 $993,464 $153,668  15.5%     6,409Unallocated Corporate   (49,206)        Adjusted EBITDA  $104,462  10.5%                  Six Months EndedJune 30, 2026
(Unaudited)           Corporate Finance$820,901 $174,613  21.3% 60% $549 2,358Forensic and Litigation Consulting 387,132  56,618  14.6% 56% $458 1,527Economic Consulting 364,460  2,922  0.8% 61% $605 970Technology(1) 201,340  20,883  10.4% N/M N/M 641Strategic Communications(1) 202,976  40,387  19.9% N/M N/M 913 $1,976,809 $295,423  14.9%     6,409Unallocated Corporate   (94,143)        Adjusted EBITDA  $201,280  10.2%                  Three Months Ended June 30, 2025
(Unaudited)           Corporate Finance$379,239 $81,652  21.5% 61% $532 2,188Forensic and Litigation Consulting 186,517  31,188  16.7% 57% $439 1,482Economic Consulting 191,657  14,183  7.4% 64% $593 991Technology(1) 83,599  5,284  6.3% N/M N/M 655Strategic Communications(1) 102,650  18,481  18.0% N/M N/M 892 $943,662 $150,788  16.0%     6,208Unallocated Corporate   (39,148)        Adjusted EBITDA  $111,640  11.8%                  Six Months EndedJune 30, 2025
(Unaudited)           Corporate Finance$722,884 $137,599  19.0% 59% $513 2,188Forensic and Litigation Consulting 377,119  68,711  18.2% 58% $434 1,482Economic Consulting 371,518  28,614  7.7% 63% $566 991Technology(1) 180,755  16,876  9.3% N/M N/M 655Strategic Communications(1) 189,668  31,384  16.5% N/M N/M 892 $1,841,944 $283,184  15.4%     6,208Unallocated Corporate   (56,380)        Adjusted EBITDA  $226,804  12.3%       _______________           N/M   Not meaningful(1) The majority of the Technology and Strategic Communications segments' revenues are not generated based on billable hours. Accordingly, utilization and average billable rate metrics are not presented as they are not meaningful as a segment-wide metric.   FTI CONSULTING, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
  Six Months Ended
June 30,
   2026   2025  (Unaudited)Operating activities   Net income$115,441  $133,522 Adjustments to reconcile net income to net cash used in operating activities:   Depreciation of property and equipment 24,568   21,468 Amortization of intangible assets 1,151   2,070 Amortization of notes receivable 46,039   30,445 Amortization of tax equity investment 16,881   — Provision for expected credit losses 14,111   11,909 Share-based compensation 22,051   19,671 Deferred income taxes 4,976   17,506 Other 1,677   159 Changes in operating assets and liabilities, net of effects from acquisitions:   Accounts receivable, billed and unbilled (141,633)  (91,734)Notes receivable, net of repayments (44,010)  (234,081)Prepaid expenses and other assets (6,579)  (13,224)Accounts payable, accrued expenses and other (2,488)  (11,623)Income taxes (14,256)  (84,105)Accrued compensation (197,047)  (204,284)Billings in excess of services provided 1,389   (7,216)   Net cash used in operating activities (157,729)  (409,517)Investing activities   Purchases of property and equipment and other (21,885)  (35,228)Payment for tax equity investment (42,101)  —    Net cash used in investing activities (63,986)  (35,228)Financing activities   Borrowings under revolving line of credit 1,085,000   745,000 Repayments under revolving line of credit (730,000)  (275,000)Proceeds from issuance of term loan 300,000   — Payments of debt issuance costs (5,401)  — Purchase and retirement of common stock, including excise tax (520,037)  (536,678)Share-based compensation tax withholdings (8,103)  (16,880)Deposits and other 3,053   (636)   Net cash provided by (used in) financing activities 124,512   (84,194)Effect of exchange rate changes on cash and cash equivalents (4,141)  21,277 Net decrease in cash and cash equivalents (101,344)  (507,662)Cash and cash equivalents, beginning of period 265,091   660,493 Cash and cash equivalents, end of period$163,747  $152,831          1 Refer to “Non-GAAP Financial Measures” in this Press Release for the definition of “Extraordinary Litigation-Related Expenses.”

Posted by Defense World Staff on Jul 26th, 2026

Bank of New York Mellon Corp increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,668 shares of the business services provider’s stock after acquiring an additional 4,603 shares during the period. Bank of New York Mellon Corp owned about 0.70% of FTI Consulting worth $37,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Calamos Wealth Management LLC bought a new position in FTI Consulting in the 1st quarter valued at $310,000. Calamos Advisors LLC acquired a new position in FTI Consulting in the first quarter worth $310,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of FTI Consulting during the first quarter worth $415,000. State of Michigan Retirement System grew its holdings in shares of FTI Consulting by 2.8% during the first quarter. State of Michigan Retirement System now owns 7,304 shares of the business services provider’s stock worth $1,291,000 after purchasing an additional 200 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of FTI Consulting by 3.7% in the first quarter. Principal Financial Group Inc. now owns 67,552 shares of the business services provider’s stock valued at $11,941,000 after buying an additional 2,419 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity In other news, insider Paul Alderman Linton purchased 2,400 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $144.04 per share, with a total value of $345,696.00. Following the completion of the purchase, the insider directly owned 92,824 shares of the company’s stock, valued at $13,370,368.96. The trade was a 2.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven Henry Gunby purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $144.17 per share, for a total transaction of $1,441,700.00. Following the acquisition, the chief executive officer owned 326,984 shares of the company’s stock, valued at $47,141,283.28. The trade was a 3.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 14,400 shares of company stock valued at $2,076,576 over the last 90 days. 1.80% of the stock is owned by company insiders.

FTI Consulting Stock Up 1.5% NYSE:FCN opened at $159.86 on Friday. The stock’s fifty day moving average price is $154.42 and its two-hundred day moving average price is $165.77. FTI Consulting, Inc. has a 52-week low of $137.65 and a 52-week high of $189.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.30 and a current ratio of 2.30. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 19.01 and a beta of -0.04.

FTI Consulting (NYSE:FCN – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.21). The firm had revenue of $983.35 million during the quarter, compared to the consensus estimate of $971.17 million. FTI Consulting had a net margin of 6.88% and a return on equity of 15.14%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. FTI Consulting has set its FY 2026 guidance at 8.900-9.600 EPS. On average, analysts anticipate that FTI Consulting, Inc. will post 9.1 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a stock repurchase plan on Friday, June 5th that allows the company to repurchase $370.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades A number of research analysts recently issued reports on FCN shares. The Goldman Sachs Group set a $169.00 price target on FTI Consulting in a report on Tuesday, May 19th. Wall Street Zen lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings cut shares of FTI Consulting from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Finally, Truist Financial raised their price objective on shares of FTI Consulting from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, FTI Consulting presently has an average rating of “Hold” and an average target price of $174.50.

Get Our Latest Analysis on FTI Consulting

FTI Consulting Profile (Free Report)

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

See Also Five stocks we like better than FTI Consulting Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN – Free Report).

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SYDNEY, July 15, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dylan Ryan as a Senior Managing Director in the Risk & Investigations practice within the firm’s Forensic and Litigation Consulting segment, further strengthening the firm’s financial crime capabilities in AI-driven risk transformation, governance, assurance, regulatory response and advisory.

Mr. Ryan, who is based in Sydney, is a financial crime risk specialist with more than 23 years of experience advising organisations across banking, funds management, superannuation, insurance, media and telecommunications. He brings deep expertise in anti-money laundering/counter-terrorism financing (“AML/CTF”), sanctions, fraud and scam risk, and anti-bribery and anti-corruption (“ABAC”), alongside extensive leadership experience across advisory, compliance and operational teams.

In his role at FTI Consulting, Mr. Ryan will support clients with financial crime matters, strengthening frameworks, responding to regulatory expectations and managing complex risk environments.

“Dylan brings highly complementary expertise at a time when financial institutions and corporates are facing increasing regulatory scrutiny, technological disruption and a constantly evolving criminal threat environment,” said Mark Dewar, Australia Practice Leader at FTI Consulting. “His combined experience across a diverse range of industries, and his expertise in financial crime risk transformation and management, strengthens our ability to help global clients navigate today’s complex, high-stakes challenges.”

Mr. Ryan most recently served as Head of Financial Crime Risk at ANZ Bank, overseeing financial crime risk management across the Retail Bank, Business & Private Bank, and the Institutional Bank.

Commenting on his appointment, Mr. Ryan said, “I am excited to join FTI Consulting and begin this next chapter of my career. The firm’s reputation for helping clients navigate complex business, regulatory and risk challenges makes it an outstanding global platform to support organisations facing an increasingly dynamic financial crime landscape.”

Warren Dunn, Head of Financial Services Risk Advisory in Australia, said, “Dylan’s appointment reflects our continued investment in helping clients navigate an increasingly complex financial crime and regulatory environment. His deep experience advising financial institutions on financial crime risk will further strengthen our capabilities and support clients as they respond to evolving regulatory expectations and emerging threats.”

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
Level 22, Gateway
1 Macquarie Place
Sydney, NSW 2000
Australia
Tel: +61 2 8247 8000

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Rebecca Hine
+61 402 235 829
[email protected]

Key Takeaways FTI Consulting's Q1'26 revenues rose 9.5%, reaffirming the guidance of $3.94-$4.10B.FCN ended Q1'26 with $198M in cash, no current debt and a 2.3 current ratio.FTI Consulting repurchased shares worth $126.8M in Q1'26, while cash flow and rising costs remain risks. FTI Consulting, Inc. (FCN - Free Report) shares have slipped 1.2% in the past year. While the shares have experienced a slight dip, the industry has plummeted 42.3%. The Zacks S&P 500 Composite has rallied 26.3% over the same period.

The Zacks Consensus Estimate for 2026 revenues is pegged at $4 billion. The figure is expected to increase 6.2% year over year. For 2027, the consensus estimate is pinned at $4.3 billion, suggesting a 7.3% rise from the preceding year’s actual.

For EPS, the consensus mark for 2026 is pegged at $9.1, indicating a 3.1% year-over-year rally. The Zacks Consensus Estimate for 2027 EPS is set at $11.29. The figure is expected to grow 24.1% from the preceding year’s actual.

Factors That Augur Well for FCN’s SuccessDiversification & International Operations Aid Top Line: FCN’s diversification mitigates the impacts of macroeconomic headwinds, crises, events and changes in a particular practice, industry, or country. In 2025, the company generated 37% of its revenues from international operations. The recent performance paints a growth picture, wherein FCN generated $983.3 million in revenues in the first quarter of 2026, up 9.5% year over year. Management is optimistic and banking on the growth trajectory, reaffirming its 2026 revenue guidance of $3.94-$4.10 billion.

Robust Liquidity Position: The company ended 2025 with a current ratio of 1.56, a figure that bodes well with investors as it highlights FCN’s ability to pay off short-term obligations with ease. The company held this performance as it recorded a current ratio of 2.3 during the first quarter of 2026, outpacing the industry average of 1.15. FCN’s liquidity relies on its strong balance sheet position that ended the first quarter of 2026 with a cash chest of $198 million against no current debt.

                                                                  Image Source: Zacks Investment Research

Shareholder-Friendly Actions: In 2023, 2024 and 2025, the company repurchased shares worth $21 million, $10.2 million and $858.7 million, respectively. This initiative instills investor confidence. We expect investors to have been flattered by FCN repurchasing 787,098 shares during the first quarter of 2026 for $126.8 million. The company’s bottom line moved up to $1.9 from the year-ago quarter’s $1.74 despite lower net income, highlighting the success of its buyback strategy that supported per-share value.

Risks Faced by FTI ConsultingCash Flow Contraction: FCN experienced substantial turbulence in cash flow flexibility during 2025. The company ended 2025 with an operating cash flow of $152.1 million, down from the preceding year’s $395.1 million due to higher forgivable loan issuances, compensation and income tax payments. This drag in the operational cash flow led to a decline in the free cash flow to $93.6 million in 2025 from the preceding year’s $360.2 million.

On a similar note, the company reported a severe cash depletion during 2025, as evidenced by a 59.9% year-over-year drag in cash and cash equivalents.

Bottom-Line Shoulders Cost Pressure: During 2025, FCN experienced a 14.5% year-over-year jump in operating expenses, demonstrating an acceleration from a 7.7% year-over-year increase in 2024. This substantial rise has been primarily caused by $54.7 million year-over-year growth in direct costs of revenues and special charges of $25.3 million in 2025, exceeding growth of three times from the preceding year. This rising cost structure left an imprint on the company’s profitability, as net income declined by $9.2 million or 3.3%, year over year in 2025.

Nil Dividend: FCN has never declared a dividend and currently does not have any plan to pay out cash dividends on common stock. Therefore, the only way for investors to gain is price appreciation, which is not a guaranteed phenomenon. Hence, investors seeking income are expected to refrain from investing in this stock.

FCN’s Zacks Rank & Stocks to ConsiderThe company has a Zacks Rank #3 (Hold) at present.

Some better-ranked stocks from the broader Zacks Business Services sector are Coherent Corp. (COHR - Free Report) and Conduent (CNDT - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Coherent Corp has a long-term earnings growth expectation of 46.8%. Coherent Corp delivered a trailing four-quarter earnings surprise of 6.2%, on average.

Conduent has a long-term earnings growth expectation of 8%. Conduent delivered a trailing four-quarter earnings surprise of 4%, on average.

Juliet Callaghan Brings More Than 25 Years of Communications Advisory and In-House Telecoms Experience as AI, Policy Change and Market Disruption Reshape the TMT Sector

LONDON, July 08, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juliet Callaghan as a Senior Managing Director and UK Head of Technology, Media and Telecommunications (“TMT”) within the firm’s Strategic Communications segment.

Ms. Callaghan, who is based in London, returns to FTI Consulting with more than 25 years of experience advising companies and senior leaders on corporate reputation, financial communications and stakeholder engagement. She combines consulting expertise with in-house industry experience, having spent the past seven years leading corporate communications at Three UK, where she worked closely with the executive leadership team through a period of significant transformation, regulatory scrutiny and strategic change.

In her role at FTI Consulting, Ms. Callaghan will lead the firm’s UK TMT practice and advise boards, C-suite leaders and corporate affairs teams on reputation, transactions and other critical business issues. Drawing on her experience advising both publicly listed companies and private businesses, Ms. Callaghan will support clients in engaging effectively with investors, employees, regulators, policymakers and the media.

“Juliet is a highly respected advisor with an exceptional track record across the technology, media and telecommunications sectors, and it is great to have her back,” said Charles Palmer, Global Head of TMT in FTI Consulting’s Strategic Communications segment. “Her experience spans financial communications, corporate affairs and executive counsel, giving her a deep understanding of the challenges facing leadership teams today. Combined with her time in-house at one of the UK’s largest telecommunications companies, that perspective will be hugely valuable to our clients in the UK and internationally.”

Prior to rejoining FTI Consulting, Ms. Callaghan served as Director of Corporate Communications at Three UK, where she led the company’s external, internal and corporate responsibility communications programmes. Before this, she was Head of Technology, Media and Telecommunications at Powerscourt, advising listed and private companies on financial communications, transactions and corporate positioning. Earlier in her career, she spent a decade at FTI Consulting advising TMT clients on corporate communications, transactions and restructurings.

Commenting on her appointment, Ms. Callaghan said, “I am delighted to return to FTI Consulting. The firm has outstanding people, an unrivalled reputation and is genuinely leading the way in how AI is transforming the communications profession through its expertise in data science, advanced analytics and investment in AI infrastructure. The TMT sector has never been more complex, and I cannot think of a better platform from which to advise clients navigating it.”

Charles Armitstead, UK Head of Strategic Communications at FTI Consulting, added, “We are delighted to welcome Juliet back to FTI Consulting. Her return reflects both the strength of our TMT practice and the momentum across our Strategic Communications business. Juliet’s sector expertise and first-hand experience inside a major organisation will further strengthen our ability to support clients as they navigate change, growth and increasingly complex stakeholder environments.”

Ms. Callaghan’s appointment follows a series of recent senior hires across FTI Consulting’s Strategic Communications business in London, including Benedict Brogan, Duncan Mavin, Mike Davies, Liz Lynch and Rob Stone.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com. 

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact:                                         
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Manisha Chowdhury
+44 7908018988
[email protected]

SYDNEY, June 29, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dean Felton as a Senior Managing Director in the Transformation – Mining practice within the firm’s Corporate Finance segment in Australia.

Mr. Felton, who is based in Perth, joins FTI Consulting with more than 30 years of experience advising blue-chip and emerging-resource companies across the global mining and resources sector. He brings a strong track record of building high-performing advisory practices and helping mining organisations to solve complex strategic and operational challenges.

In his role at FTI Consulting, Mr. Felton will focus on helping mining clients improve capital discipline, accelerate performance improvement and harness technology-enabled solutions to drive sustainable value in an increasingly complex operating environment.

“Mining remains fundamental to global development, but the industry is under significant pressure to deliver stronger returns while navigating market volatility, cost inflation and technological change,” said Andrew Bantock, Global Mining Advisory Leader at FTI Consulting. “Dean brings deep industry insight and a proven ability to connect strategy, operations and technology. His appointment strengthens our ability to support mining clients as they transform their businesses and position themselves for the future.”

Mr. Felton’s experience spans corporate strategy, planning and development, major project feasibility and delivery, business integration, operational excellence and sustainability. More recently, his work has focused on digital strategy, including data, cloud and automation initiatives, the design and implementation of integrated operations centres, strategic reviews of commodity markets, and the application of capital intensity and value optimisation tools for large, diversified miners.

Prior to joining FTI Consulting, Mr. Felton was an advisor to senior leaders of a major global mining organisation. Before this, he was the Australian Metals and Mining lead at Accenture, where he supported major global and mid-tier mining companies on transformation, capital investment and performance improvement initiatives.

Commenting on his appointment, Mr. Felton said, “Mining leaders are under intense pressure to deliver stronger returns from existing assets while managing cost, productivity and operational risk. FTI Consulting’s approach of building a team with deep industry experience, focusing through the client’s lens on practical, executable transformation, strongly aligns with my experience helping miners turn strategy into tangible results. I’m excited to join the team and work with clients to drive improved performance and investment outcomes across their operations.”

The appointment of Mr. Felton builds on the growth of FTI Consulting’s Transformation – Mining practice in Australia following the recent additions of Carrie Grimes, James Chapman, Steve Dyson and Franz Wentzel. 

About FTI Consulting’s Transformation – Mining Practice
FTI Consulting's Transformation – Mining team delivers expert guidance with measurable impact. As mining specialists with deep knowledge of mine value drivers, the team brings an owner’s perspective and hands-on approach at critical moments that define mining business performance. Working in close partnership with clients, the team rapidly identifies underlying issues and opportunities, developing integrated strategies and solutions that drive productivity and maximise asset value. These solutions span integrated planning, operating model design, operational efficiency, capital allocation, asset management, merger integration, transaction support, valuation, risk management, and related disciplines that are critical to unlocking mining business value.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
Level 22, Gateway
1 Macquarie Place
Sydney, NSW 2000
Australia
Tel: +61 2 8247 8000

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Rebecca Hine
+61 402 235 829
[email protected]

On June 22, 2026, FTI Consulting Inc FCN shares fell 3.1%, bringing the current price to $141.00. This decline is part of a broader trend, with the stock down 17.5% year-to-date and 11.2% over the past year. The shares have traded between a 52-week high of $189.30 and a low of $137.65.

GF Value™ verdict: Current price of $141.00 is 41.9% below the GF Value™ estimate of $242.54, indicating significant undervaluation.GF Score™ of 84/100 indicates a strong overall performance and potential for higher long-term returns.Notable insider activity shows that insiders have purchased $2.1 million in stock over the last three months, suggesting confidence in the company's future. Is FCN Overvalued or Undervalued? With a current trading price of $141.00 and a GF Value™ of $242.54, FTI Consulting Inc is considered significantly undervalued, with a margin of safety of 41.9%. This presents a notable investment opportunity for those looking to capitalize on undervalued stocks. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

The undervaluation indicated by the GF Value™ suggests that the market may not fully recognize FCN's earnings potential relative to its intrinsic value. However, investors should remain aware of potential risks, including market volatility and changes in the industry landscape that could affect future performance.

How Does FCN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.8x 24.3x Forward P/E 15.2x N/A Currently, FCN's P/E (TTM) of 16.8x is 31% below its 5-year median P/E of 24.3x, indicating that the stock is trading significantly below its historical valuation levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the idea that the stock is undervalued based on both intrinsic assessments and historical performance.

What Does FCN's GF Score™ Tell Us? Metric Rating GF Score™ 84 Financial Strength 7/10 Profitability 9/10 Growth 9/10 Valuation 4/10 Momentum 3/10 The GF Score™ of 84/100 highlights FTI Consulting's strong performance across several key metrics, particularly in Profitability (9/10) and Growth (9/10). However, the weaker Valuation (4/10) and Momentum (3/10) scores suggest that while the company has solid fundamentals, it is currently experiencing challenges in market performance and valuation perception. The combination of these scores indicates a robust company that is facing short-term market pressures.

What Are Insiders Doing with FCN Stock? Recent insider activity shows that insiders have bought $2.1 million worth of FTI Consulting stock in the last three months, with no recorded selling. This pattern suggests a strong level of confidence among insiders regarding the company's future performance and potential for recovery. Such buying can often be a bullish signal, indicating that those closest to the company believe its stock is undervalued.

Overall, the lack of selling and the substantial insider purchases reflect a positive outlook from those with the most knowledge of the company's operations.

What This Means for Investors Based on the GF Value™ assessment, FTI Consulting Inc FCN is currently undervalued. The significant gap between the current price and GF Value™ presents an opportunity for long-term investors to consider FCN as a potential investment.

For the complete analysis, visit the FTI Consulting Inc FCN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is FCN's GF Score™?

FCN's GF Score™ is 84/100, indicating strong overall performance and potential for higher long-term returns.

Is FCN overvalued or undervalued?

FCN is currently undervalued according to the GF Value™, with a significant margin of safety indicating potential upside for investors.

What is FCN's P/E ratio?

FCN's P/E (TTM) is 16.8x, which is significantly below its 5-year median P/E of 24.3x, confirming its undervalued status.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: FTI Consulting (FCN - Free Report) Based in Baltimore, Maryland, and founded in 1982, FTI Consulting is a global business advisory firm aimed at helping organizations manage change, mitigate risk and resolve financial, legal, operational, political and regulatory, reputational, and transactional disputes. The company provides specialized consulting services across 34 countries with a total headcount of more than 8,374 employees. FTI has a team of highly qualified professionals who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms. Its client list comprises a large percentage of the Fortune 500 companies, the FTSE 100 companies, as well as the majority of the largest 25 banks and the top 100 law firms in the world.

FCN is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. FCN has a Growth Style Score of A, forecasting year-over-year earnings growth of 5.3% for the current fiscal year.

For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.20 to $9.30 per share. FCN boasts an average earnings surprise of +26.2%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FCN should be on investors' short list.

Posted by Defense World Staff on Apr 29th, 2026

Exencial Wealth Advisors LLC increased its holdings in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 56.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,472 shares of the business services provider’s stock after purchasing an additional 4,152 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in FTI Consulting were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Torray Investment Partners LLC grew its stake in shares of FTI Consulting by 33.0% in the fourth quarter. Torray Investment Partners LLC now owns 12,451 shares of the business services provider’s stock worth $2,127,000 after purchasing an additional 3,090 shares during the last quarter. Teacher Retirement System of Texas boosted its position in FTI Consulting by 4.6% during the 4th quarter. Teacher Retirement System of Texas now owns 34,497 shares of the business services provider’s stock valued at $5,893,000 after acquiring an additional 1,531 shares in the last quarter. Accretive Wealth Partners LLC bought a new stake in FTI Consulting during the 4th quarter valued at approximately $1,148,000. M&T Bank Corp boosted its position in FTI Consulting by 10,081.4% during the 4th quarter. M&T Bank Corp now owns 321,731 shares of the business services provider’s stock valued at $54,961,000 after acquiring an additional 318,571 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in FTI Consulting by 31.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,419 shares of the business services provider’s stock valued at $1,101,000 after acquiring an additional 1,531 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance FTI Consulting stock opened at $183.15 on Wednesday. The stock’s 50 day simple moving average is $172.49 and its two-hundred day simple moving average is $170.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 22.20 and a beta of -0.01. FTI Consulting, Inc. has a fifty-two week low of $149.31 and a fifty-two week high of $189.30.

FTI Consulting (NYSE:FCN – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.39. The business had revenue of $990.75 million for the quarter, compared to analysts’ expectations of $918.49 million. FTI Consulting had a return on equity of 15.42% and a net margin of 7.15%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. FTI Consulting has set its FY 2026 guidance at 8.900-9.600 EPS. As a group, analysts expect that FTI Consulting, Inc. will post 9.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTI Consulting in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $165.00.

Read Our Latest Analysis on FTI Consulting

FTI Consulting Company Profile (Free Report)

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.

Read More Five stocks we like better than FTI Consulting Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN – Free Report).

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FTI Consulting (FCN - Free Report) came out with quarterly earnings of $1.9 per share, missing the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $2.29 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -9.95%. A quarter ago, it was expected that this business advisory firm would post earnings of $1.39 per share when it actually produced earnings of $1.78, delivering a surprise of +28.06%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

FTI Consulting, which belongs to the Zacks Consulting Services industry, posted revenues of $983.35 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $898.28 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

FTI Consulting shares have added about 5% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for FTI Consulting?While FTI Consulting has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for FTI Consulting was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.32 on $1 billion in revenues for the coming quarter and $9.30 on $4.01 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consulting Services is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Huron Consulting (HURN - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.

This consulting company is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of -6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Huron Consulting's revenues are expected to be $434.63 million, up 9.8% from the year-ago quarter.

AMSTERDAM, May 05, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Business Transformation practice with the appointment of Anand Raghuraman as a Senior Managing Director within the firm’s Corporate Finance segment.

Mr. Raghuraman, who is based in Amsterdam, has more than 25 years of experience in consultancy and the retail and consumer products industry. He has led and advised on commercial strategies, operational improvement initiatives and complex enterprise-wide profit improvement programmes for businesses and private equity (“PE”) firms globally, including Europe, North and South America, Asia and Australia.

In his role at FTI Consulting, Mr. Raghuraman will work closely with PE firms and their portfolio companies to help retail and consumer-facing businesses improve their operations and deliver transformations that support long-term goals. He also will collaborate with colleagues on pre-deal diligence and post-deal optimisation work and serve as interim Chief Transformation Officer for client engagements.

Prior to his appointment, Mr. Raghuraman served as a Senior Advisor to FTI Consulting’s Business Transformation practice in Amsterdam. Before this, he was a Partner at Roland Berger, where he co-founded the firm’s Americas Consumer Goods & Retail practice. In addition, Mr. Raghuraman has previously held senior positions at Riveron, EY, the Boston Consulting Group and Kurt Salmon. Working in industry, he served as the Senior Vice President of Strategy at U.S.-based retailer Ross Stores and has been a senior advisor to several retail and consumer technology startups.

“Having worked with Anand, I have been impressed by his commercial instincts, leadership and commitment to helping clients achieve their bottom line,” said Jasper Schrijver, Co-Leader of the Corporate Finance segment in Benelux at FTI Consulting. “In our key markets around the world, we continue to strengthen our industry-focused transformation capabilities and the support that we offer our PE clients. Anand’s expertise in the consumer retail and fashion industries, combined with his PE experience, will play a key role in enhancing our Benelux offering. We are delighted to welcome him as a senior member of the team.”

Commenting on his appointment, Mr. Raghuraman said, “At FTI Consulting, we have brilliant people with diverse skills that are highly valued by businesses dealing with challenges and pursuing new opportunities. I’m excited to play my part, supporting clients in the retail and consumer products sector here in Amsterdam and across Europe.”

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Helen Obi
+44 20 7632 5071
[email protected]

MILAN, May 11, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Emanuele Grasso as a Senior Managing Director and Leader of the firm’s Corporate Finance segment in Italy.

Based in Milan, Mr. Grasso returns to Italy after nearly a decade in New York, bringing more than 30 years of experience advising private equity firms, insurers, asset managers, payment services providers and other global financial services institutions on complex corporate transactions. During his time in New York, he advised leading international clients on several high-profile cross-border deals, further strengthening his global perspective. His expertise is particularly focused on financial due diligence, M&A and all aspects of special purpose acquisition company transactions. Mr. Grasso has worked on deals in more than 20 countries worldwide, including Italy, the UK, Germany, France and the United States.

In his role at FTI Consulting, Mr. Grasso will lead the growth of the firm’s corporate finance capabilities in Italy, focusing on transactions and transformation. He also will play a key role in driving the expansion of dedicated financial services teams across the Europe, the Middle East and Africa (“EMEA”) region, and will contribute to cross-border projects.

“Emanuele has built high-performing teams and brings decades of experience advising financial services clients on transactions around the world,” said Jean-Werner de T’Serclaes, EMEA Co-Chair and Leader of EMEA Financial Services at FTI Consulting. “He joins us at a great time, as we are investing in our capabilities in Italy and our financial services offering globally. In areas like transactions, we are adding more depth to assist clients with critical commercial decisions and help them get complex deals over the line with speed and confidence. Emanuele’s technical and leadership skills will be a valuable asset as we continue to expand our EMEA-wide offering.”

Prior to joining FTI Consulting, Mr. Grasso was a Partner on the Transaction Services team at PwC in New York. Before that, he was based in Milan, where he helped PwC expand its European financial services transactional team and built a successful sports unit focused on football finance.

Diederick van de Plas, EMEA Co-Chair and EMEA Head of the Corporate Finance segment at FTI Consulting, added, “Our focus is on strengthening our presence in Italy and across EMEA. Hiring exceptional talent like Emanuele reflects that. His arrival is an important step as we expand our work with clients in Italy and broaden our support across financial services transactions and corporate finance activity across our markets. We are very pleased to have him join our team.”

Commenting on his appointment, Mr. Grasso said, “Returning to my hometown to join FTI Consulting is an exciting move for me. We are entrepreneurial and have the global reach and multidisciplinary integration that global clients today demand. I look forward to contributing to the growth of our capabilities, both here in Italy and across Europe, building teams of experts that can consistently deliver at the highest standard for our clients.”

About FTI Consulting 
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact:                                
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:                                
Helen Obi
+44 20 7632 5071
[email protected]

LONDON, May 18, 2026 (GLOBE NEWSWIRE) -- Compass Lexecon, a subsidiary of FTI Consulting, Inc. (NYSE: FCN), today announced the appointment of Nicola Mazzarotto as an Executive Vice President in London.

WASHINGTON, May 19, 2026 (GLOBE NEWSWIRE) -- Compass Lexecon, a subsidiary of FTI Consulting, Inc. (NYSE: FCN), today announced that Anja Lambrecht, a Professor of Marketing at London Business School, and Matthew Notowidigdo, the David McDaniel Keller Professor of Economics at the University of Chicago Booth School of Business, have affiliated with the firm.

On May 14, 2026, Fiduciary Management disclosed a new position in FTI Consulting (FCN 2.47%), acquiring 823,713 shares—an estimated $140.52 million trade based on quarterly average pricing.

What happenedAccording to a May 14, 2026, SEC filing, Fiduciary Management Inc initiated a new stake in FTI Consulting by acquiring 823,713 shares during the first quarter. The estimated transaction value is $140.52 million, calculated using the mean unadjusted closing price for the quarter. The quarter-end position was valued at $145.61 million, a figure that reflects both the new shares and price movement in the period.

Top holdings after the filing:NYSE:ARMK: $429.23 million (5.3% of AUM)NASDAQ:BKNG: $395.40 million (4.9% of AUM)NYSE:SCHW: $325.69 million (4.0% of AUM)As of May 13, 2026, shares of FTI Consulting were priced at $144.83, down about 10% over the past year, underperforming the S&P 500 by roughly 38 percentage points.Company overviewMetricValueRevenue (TTM)$3.87 billionNet income (TTM)$266.68 millionPrice (as of market close May 13, 2026)$144.83One-year price change(10%)Company snapshotFTI Consulting provides business advisory, restructuring, forensic and litigation consulting, economic consulting, technology, and strategic communications services across multiple industries.The firm generates revenue primarily through consulting fees for specialized expertise in managing change, mitigating risk, and resolving complex disputes for corporate clients.It serves a global client base including corporations, law firms, government agencies, and industry sectors such as financial services, healthcare, energy, and technology.The company operates across five specialized segments, enabling it to deliver tailored solutions for clients facing transformation, regulatory, or litigation-driven needs.

What this transaction means for investorsThis purchase looks like a classic contrarian bet on a high-quality business that has fallen out of favor with the market. FTI Consulting shares have lagged badly over the past year, but the company's underlying results suggest demand for its expertise remains strong.

Revenue climbed 9.5% year over year to $983.3 million in the first quarter, driven by particularly strong growth in Corporate Finance and Strategic Communications, two areas that tend to benefit when companies face disruption, restructuring, regulatory scrutiny, or major strategic decisions. Meanwhile, CEO Steven Gunby pointed to the "complicated and disrupted world we face today" as a driver of demand for the firm's experts: Corporate Finance revenue jumped 19%, while Strategic Communications revenue rose 18%. The company also reaffirmed its full-year revenue guidance of $3.94 billion to $4.10 billion and EPS guidance of $8.90 to $9.60.

One thing worth watching is profitability. While revenue grew, adjusted EBITDA margin fell to 9.8% from 12.8% a year earlier as compensation and SG&A expenses increased. That said, it seems like this new position suggests Fiduciary Management may see the recent share price weakness as an opportunity rather than a warning sign.

Charles Schwab is an advertising partner of Motley Fool Money. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Booking Holdings and FTI Consulting. The Motley Fool recommends Charles Schwab and recommends the following options: short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.

WASHINGTON, June 04, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today released its 2026 Private Equity Value Creation Index, a global survey of more than 550 senior private equity leaders, which found that artificial intelligence (“AI”) is accelerating the speed of value creation, while mergers and acquisitions (“M&A”) has emerged as the industry’s top value driver despite taking longer to deliver results.

“Private equity leaders can no longer rely on a single lever for value creation. The data shows that AI is delivering faster outcomes, but it’s most effective when embedded into core operational and commercial initiatives,” said Scott Bingham, Global Co-Leader of Transactions at FTI Consulting. “At the same time, M&A has re-emerged as the leading value driver, rewarding firms that treat integration and execution as a core capability.”

Overall, private equity firms are delivering results more quickly, with 63% of respondents achieving measurable impact within 12 months, up from 41% last year. This shift is attributed to the need to generate value faster which is leading to earlier execution during diligence and the increased use of standardized playbooks and technology.

AI: Time-to-Value Doubles as Firms Move from Experimentation to Execution
The survey found a significant increase in the speed of AI-driven results, with 66% of respondents reporting AI-related benefits within 12 months, up from 34% last year. This improvement reflects a shift toward applying AI to a narrower set of established use cases tied to core value creation levers.

Despite faster results, implementation remains uneven. Only 31% of firms report efficient or mostly efficient AI implementation, while the majority describe outcomes as mixed or difficult.

M&A: From Lowest Priority to #1 Value Lever
M&A recorded the most notable shift in this year’s survey, rising from the lowest-ranked lever in 2025 to the top priority for private equity firms in 2026. With organic growth harder to come by, strategic acquisitions have become a primary growth engine. In fact, 51% of respondents report exceeding their M&A business case, one of the top-ranked levers to do so. Respondents who ranked M&A as the top value generator also increased from 7% to 24% year over year.

Yet, M&A remains the slowest value creation lever, with only 25% of firms achieving results within 12 months. Execution also remains a constraint, with just 35% of firms describing M&A implementation as efficient or very efficient, the lowest among all levers.

High Performers Show Consistent Outperformance Across AI and M&A
This year, the report identified a high performer segment representing approximately 40% of respondents. These firms are defined as those that reported exceeding expected returns over the past 12 months. Across both AI and M&A, high performers report stronger outcomes than their peers.

“The firms outperforming in today's environment are those taking an increasingly active, structured approach to value creation”, said Diederick van der Plas, EMEA Co-Chairman and Head of EMEA Corporate Finance. “The results show that high performers deploy growth levers at nearly twice the rate of their peers, alongside AI-enabled execution and disciplined M&A."

Key findings include:

46% of high performers rate their M&A implementation as smooth, compared with 29% of other firms, reflecting stronger execution from deal thesis through integration.This execution advantage is associated with better M&A outcomes, underscoring that performance is driven by post-close delivery rather than deal volume.In AI, high performers are not adopting at materially higher rates, but they are more effective in generating results, with 19% of high performers reporting exceeding their AI business case, compared to 5% of others.The data suggests high performers apply AI more deliberately, embedding it into core value creation levers rather than treating it as a standalone initiative. Read the full report here.

About the 2026 Private Equity Value Creation Index
The 2026 Private Equity Value Creation Index is based on a global survey of 555 senior private equity leaders across 14 countries, between January 19 and February 17, 2026. Respondents assessed nine commercial and operational value creation levers and two enablers, including artificial intelligence, across dimensions such as frequency of use, implementation, time-to-value, performance against business case and 2026 priorities.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Nick Emmons
+1.617.510.1676
[email protected]

WASHINGTON, June 08, 2026 (GLOBE NEWSWIRE) -- Compass Lexecon, a subsidiary of FTI Consulting, Inc. (NYSE: FCN), today announced that Dennis Zhang, a Professor of Operations and Marketing at Washington University in St. Louis's Olin Business School, has affiliated with the firm.