Advertisement
HomeCollectionsFti Consulting
IN THE NEWS

Fti Consulting

FEATURED ARTICLES
BUSINESS
April 2, 2010
Baltimore-based FTI Consulting Inc. said Thursday that it is expanding in Asia with the acquisition of a Hong Kong firm. Like FTI, Baker Tilly Hong Kong Business Recovery Ltd. specializes in forensic accounting, litigation support and corporate restructuring. FTI, which did not disclose what it is paying, said the firm will change its name to FTI Consulting (Asia) Ltd. - Jamie Smith Hopkins
ARTICLES BY DATE
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 9, 2012
FTI Consulting Inc.'s stock price hit a 12-month low Wednesday after the business services company fell short of financial analysts' expectations for first-quarter earnings. The company, which has its corporate headquarters in Baltimore, said it earned 43 cents per share in the three months ending in March. That was up slightly from 42 cents per share a year earlier but 18 cents a share short of what analysts had anticipated. The company attributed the gap to a range of factors, including "expenses and investments that should not recur in 2012.
Advertisement
BUSINESS
By Jamie Smith Hopkins | jamie.smith.hopkins@baltsun.com | March 26, 2010
FTI Consulting Inc., a Baltimore-based provider of forensic accounting, corporate restructuring and other business services, said its chief financial officer has resigned "to pursue other opportunities." Jorge Celaya left Thursday and was replaced by David G. Bannister, formerly the chief administrative officer, the company said in a Securities and Exchange Commission filing Friday. Celaya, who agreed to work as a consultant through May, will get a year's salary as severance plus $700,000.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | February 24, 2012
Baltimore-based FTI Consulting Inc. said it increased profits by more than 50 percent last year, driven in part by strong growth in its business consulting divisions in Latin America and Asia. The company reported net income of $103.9 million last year, up 57 percent from 2010 — even though revenue rose about 12 percent. FTI, which released the figures late Thursday and discussed them Friday, said that in addition to growth in many of its business practices, it got an income boost because it revalued downward the "contingent" payment it has to make on a recent acquisition.
BUSINESS
March 27, 2010
FTI Consulting Inc., a Baltimore-based provider of forensic accounting, corporate restructuring and other business services, said its chief financial officer has resigned "to pursue other opportunities." Jorge Celaya left Thursday and was replaced by David G. Bannister, formerly the chief administrative officer, the company said in a Securities and Exchange Commission filing Friday. Celaya, who agreed to work as a consultant through May, will receive a year's salary as severance plus $700,000.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 5, 2010
Baltimore-based FTI Consulting Inc. said Wednesday that its profits declined 55 percent in the first quarter compared with the comparable period a year ago, to $14.2 million. The company took a $30.2 million hit in special charges, three-quarters of that in cash, because it laid off 144 employees and consolidated offices "to eliminate redundancies resulting from acquisitions completed over the last two years," it said. FTI, provider of forensic accounting, restructuring and other business services, said revenues increased about half a percent to $350 million in the first quarter.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun reporter | April 1, 2008
Business advisory firm FTI Consulting Inc. is buying real estate and finance consulting firm the Schonbraun McCann Group for $125 million, a move FTI expects will make it a leading player among real estate consultants at a time when a global credit crisis is creating demand for such services, FTI said yesterday. FTI, based in Baltimore, said it plans to close on the deal today for $100 million in cash and about $25 million in restricted FTI stock. FTI said it expects to pay an additional amount if earnings exceed certain targets over the next five years.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | February 10, 2004
FTI Consulting Inc., which recently disclosed that top executives responsible for a fifth of the company's business had quit, yesterday reduced the outlook for this year's sales and profits. In a message to analysts and investors, the Annapolis company said it expects earnings per share will be $1.27 to $1.40 this year, down as much as 20 percent from the $1.59 to $1.72 previously forecast. Revenue will also be down significantly according to the company - $422 million to $452 million for 2004, instead of the $475 million to $510 million previously projected.
BUSINESS
March 29, 2008
Maryland : Acquisitions FTI Consulting buys Forensic Accounting Baltimore-based FTI Consulting Inc., the quickly growing business services company, said yesterday that it was adding to its accounting base by acquiring Forensic Accounting LLP in London. The acquisition is FTI's seventh this year. FTI did not disclose the amount that it paid for the 36-employee company but said it expected the deal would close next week. Forensic Accounting's partners have all agreed to become senior managing directors, FTI said.
NEWS
February 1, 2009
Libby and Fred Arnold, of Harwood, announce the marriage of their daughter, Brittany, to Jesse Cline, son of Nancy and George Elliott and Susan and Phil Cline. Cecilia Petro officiated at the October 25th, 2008 ceremony, which took place at the home of Brittany's parents. The reception took place at the Chesapeake Beach Resort in Chesapeake Beach. The newlyweds enjoyed a honeymoon in Hawaii. The bride was given in marriage by her parents. The Maid of Honor was long time friend Kristen Karkosh.
BUSINESS
Childs Walker, The Baltimore Sun | November 27, 2011
Shoppers packed stores and spent money in record numbers on Black Friday, early surveys show, a phenomenon that analysts call a hopeful sign for the U.S economy after months of up-and-down consumer spending. Black Friday sales were up 6.6 percent over last year and foot traffic in stores was up 5.1 percent, according to ShopperTrak, a Chicago-based research firm. The year-to-year spending increase was the greatest since 2007, the firm reported. "The numbers were pretty robust," said ShopperTrak founder Bill Martin.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | August 4, 2011
Baltimore-based FTI Consulting Inc. said profit was down 33 percent in the second quarter compared with a year earlier but would have risen if not for the effect of one-time charges from layoffs. FTI warned investors in July that the "special charges" would affect earnings initially, but officials said the reduction in executive management would lead to about $9 million in savings during the second half of the year. The business services firm, which has divisions across the world that help companies restructure, find financial fraud and deal with other corporate challenges, reported $16.9 million in profits during the three months ending in June, down from $25.1 million a year earlier.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 4, 2011
FTI Consulting's per-share profits in the first quarter rose 66 percent from a year earlier — when the Baltimore-based company took millions of dollars in charges related to layoffs — but the increase wasn't quite enough to meet analysts' earnings expectations. The company's stock dropped $1.94 a share Wednesday to close at $38.54. FTI, whose clients are businesses dealing with challenges ranging from mergers to fraud, reported earnings Wednesday of 48 cents per share in the three months ending March 31, up from 29 cents per share in the first quarter of last year.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 1, 2011
Baltimore-based FTI Consulting Inc. said Tuesday that it had acquired part of competitor LECG Corp. for an undisclosed amount. FTI, which provides business services ranging from forensic accounting to corporate restructuring, purchased LECG's international arbitration and airline competition practices. FTI said it was considering the possibility of acquiring several other divisions of the Pennsylvania-based LECG, which was pressed into a sale by an impending deadline to repay about $28 million in outstanding principal for a maturing loan.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | August 5, 2010
Some of FTI Consulting Inc.'s corporate services flourish in terrible times and others rev up when the economy is good, but this uncertain recovery is kicking the Baltimore firm down a notch. FTI said Thursday that its second-quarter profits fell 33 percent, to $25.1 million. The U.S. economy improved to the point that fewer companies need its corporate restructuring services, but not enough to accelerate demand for help with normal business activities such as mergers and acquisitions.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 5, 2010
Baltimore-based FTI Consulting Inc. said Wednesday that its profits declined 55 percent in the first quarter compared with the comparable period a year ago, to $14.2 million. The company took a $30.2 million hit in special charges, three-quarters of that in cash, because it laid off 144 employees and consolidated offices "to eliminate redundancies resulting from acquisitions completed over the last two years," it said. FTI, provider of forensic accounting, restructuring and other business services, said revenues increased about half a percent to $350 million in the first quarter.
BUSINESS
April 30, 2009
FTI Consulting shares show gain Shares of Baltimore's FTI Consulting rose nearly 9 percent Wednesday after a first-quarter earnings report that beat anaylsts' expectations. Earnings rose to $31.7 million for the quarter, or 60 cents per share, and there was a $1 million increase over the corresponding quarter last year. Revenue reached a record $347.8 million, a 13.3 percent increase over a year ago. The company, which offers forensic and litigation consulting as well as technology services, said business picked up in the first quarter in light of the financial crisis.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | July 8, 1998
FTI Consulting Inc., which announced late yesterday two takeover agreements and the completion of a third acquisition, also disclosed that its revenues, earnings and earnings per share will be well below analysts' expectations for the second quarter, which ended June 30.Annapolis-based FTI, which sells litigation- and claims-management services to big companies, will post profits of about 9 cents to 10 cents a share when it announces results in late July....
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 23, 2010
FTI Consulting's chief executive took a $5.6 million cut in his compensation last year, the Baltimore company said Friday. Jack B. Dunn IV was paid just under $3.9 million in salary, stock awards and other compensation in 2009, down from $9.5 million in 2008. His salary rose, but he received fewer shares of stock and no options. FTI, which offers forensic accounting, restructuring and other business services, saw its stock price rise 5.6 percent last year while its profits rose about 18 percent.
BUSINESS
April 2, 2010
Baltimore-based FTI Consulting Inc. said Thursday that it is expanding in Asia with the acquisition of a Hong Kong firm. Like FTI, Baker Tilly Hong Kong Business Recovery Ltd. specializes in forensic accounting, litigation support and corporate restructuring. FTI, which did not disclose what it is paying, said the firm will change its name to FTI Consulting (Asia) Ltd. - Jamie Smith Hopkins
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.