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FTI Consulting ( (FCN) ) has issued an announcement.
In the fourth quarter of 2024, FTI Consulting faced a series of financial challenges, leading to a workforce evaluation and the termination of approximately 4% of its employees, resulting in a special charge of $25 million over the fourth quarter of 2024 and the first quarter of 2025. Despite these setbacks, the company reported record revenues of $3.699 billion for the full year 2024, marking a 6% increase from the previous year, driven by growth across all business segments. However, fourth-quarter revenues decreased by 3% compared to the prior year, primarily due to lower demand in certain segments. The company remains confident in its growth trajectory, although it anticipates persistent headwinds into 2025.
More about FTI Consulting
FTI Consulting operates in the professional services industry, offering services such as corporate finance, restructuring, forensic and litigation consulting, economic consulting, and strategic communications. The company focuses on providing expert advice and solutions to businesses facing complex challenges across various markets.
YTD Price Performance: -14.14%
Average Trading Volume: 232,752
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.86B
Find detailed analytics on FCN stock on TipRanks’ Stock Analysis page.
