From our beginnings in a small warehouse, we have grown to one of the pre-eminent consulting firms in the world. FTI Consulting has been a trusted advisor during some of the most memorable events in our recent history including landmark celebrity legal cases, international crises and disputed presidential elections. Our founders were pioneers who created solutions at the intersection of law, communications and technology, and today our teams of world-leading experts in their fields provide critical thinking about wide-ranging and far-reaching business and economic issues.
In 2022, FTI Consulting delivered record revenues of $3.029 billion, which increased 9.1% compared with 2021. Adjusted Earnings per Share grew for the eighth consecutive year. Total headcount grew 12.6%, increasing to more than 7,600 employees globally in 2022. FTI Consulting was ranked 882nd on the Fortune 1000 list.
As part of the Company’s ongoing journey to achieve net-zero greenhouse gas emissions by 2030, FTI Consulting announced science-based targets in accordance with the Science Based Targets initiative, which include reducing Scope 1 emissions by 50% by 2030, reducing Scope 2 emissions by 50% per employee by 2030 and reducing Scope 3 emissions from business travel by 50% per employee by 2023. Additionally, the company released its second annual Corporate Sustainability Report, highlighting these commitments as well as progress made in support of key environmental, social and governance initiatives in the year 2021.
In February 2022, FTI Consulting closed its acquisition of BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands, which sits within the Corporate Finance & Restructuring segment and extended the Company’s restructuring, business transformation, digital and transactions teams to the Dutch market.
FTI Consulting was named to Forbes’ list of One of America’s Best Management Consulting Firms for the seventh consecutive year, and was named to Forbes’ lists of One of America’s Best Employers for Women and for New Graduates. The Company was also recognized as a Best Firm to Work For by Consulting magazine for the fifth consecutive year and named a Great Place to Work®-Certified Company in the U.S. and UK for the third consecutive year.
In 2021, record revenues of $2.776 billion increased 13% compared with 2020. Adjusted earnings per share grew for the seventh consecutive year. Total headcount increased 7.3% over 2021, increasing to more than 6,700 employees globally. FTI Consulting continued to move up the Fortune 1000 list, ranking 852nd.
As part of the Company’s environmental sustainability efforts, FTI Consulting announced a commitment to achieve net-zero greenhouse gas (“GHG”) emissions by 2030. The commitment was made as part of FTI Consulting’s inaugural Corporate Sustainability Report, which explains the Company’s approach to its environmental, social and governance (“ESG”) risks and opportunities, programs, policies, practices and goals.
The Company acquired The Rhodes Group, a leading construction consulting firm with offices in Pittsburgh and Houston. The addition of The Rhodes Group further enhanced the Company’s disputes and expert testimony offerings and sits within FTI Consulting’s Forensic & Litigation Consulting segment. In December 2021, FTI Consulting announced an agreement to acquire BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands. The acquisition, which closed in February 2022, extended FTI Consulting’s restructuring, business transformation, digital and transactions teams to the Dutch market and sits within the Company’s Corporate Finance & Restructuring segment.
In 2020, record revenues of $2.46 billion increased 4.6% compared to 2019. The Company’s Corporate Finance & Restructuring and Economic Consulting segments delivered record revenues and Adjusted EBITDA, and both the Europe, the Middle East and Africa and Asia Pacific regions delivered record revenues.
Adjusted earnings per share grew for the sixth consecutive year. Billable headcount increased 14.5% over 2019, with total employee headcount increasing to more than 6,300 globally.
FTI Consulting was selected to join the FTSE Russell 1000® Index and the Company continued to move up on the Fortune 1000 list, ranking 906th.
The Company acquired assets of Delta Partners, a leading telecom, media & technology (“TMT”) strategy consulting and investment banking firm with offices in Dubai, New York, Singapore, Barcelona, Johannesburg, San Francisco and Sydney. Delta Partners’ deep TMT industry expertise extended FTI Consulting’s Business Transformation and Transactions capabilities and FTI Capital Advisors offerings to a truly global scale.
FTI Consulting professionals contributed more than 4,100 volunteer hours and more than $2.1 million in pro bono services globally as part of its Corporate Citizenship program. They supported more than 1,500 charitable organizations and charitable donations matched by the Company more than doubled compared to 2019.
In 2019, record revenues of $2.35 billion increased 16% compared to 2018. Earnings per share grew for the seventh consecutive year, up 45% compared to 2018. Billable headcount increased 18% over 2018, with total employee headcount increasing to more than 5,500 globally.
FTI Consulting transitioned from the S&P SmallCap 600 to the S&P MidCap 400, reflecting its impressive growth trajectory. The Company’s stock price increased 66% from December 31, 2018 to December 31, 2019 and the Company moved up the Fortune 1000 list, ranking 978th.
The Company acquired Andersch AG, a leading German restructuring and advisory firm. Andersch’s expertise extended FTI Consulting’s restructuring and business transformation capabilities to the DACH region and enhanced FTI Consulting’s established strategic communications, economic consulting and construction solutions offerings in Germany.
The Company’s professionals contributed over 5,000 volunteer hours and more than $2 million in pro bono services globally as part of its Corporate Citizenship program.
In 2018, record revenues of $2.03 billion increased 12% year-over-year. The Company achieved record revenues in Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting and Strategic Communications, as well as in North America, EMEA and Asia Pacific.
Every business and region grew revenues and Adjusted EBITDA for the first time since 2007. Billable headcount increased 5%. GAAP and Adjusted EPS grew at record rates, up 43% and 72% year-over-year, respectively. The Company ended 2018 with the strongest balance sheet in its history, with USD$4.2 million in total debt, net of cash.
FTI Consulting and Compass Lexecon made an impact in the communities where the firm does business in 2018 by supporting over 600 unique charitable organizations through a combination of volunteer service, pro bono contributions and charitable donations.
Full year 2017 was the third year in a row the Company achieved sustained GAAP and Adjusted earnings per share gains. Full year 2017 revenue was driven by second half strength and outperformance in the Forensic & Litigation Consulting, Corporate Finance & Restructuring and Strategic Communications segments. In the second half of 2017, the Company had the largest increase in Adjusted EBITDA year-over-year in a decade.
In July 2017, the Company acquired the CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. This is the first acquisition made since President and Chief Executive Officer, Steven H. Gunby, joined the firm in January 2014.
FTI Consulting debuted on the Fortune 1000 list at #995.
In 2016, FTI Consulting delivered record revenues of $1.81 billion and double-digit GAAP and adjusted earnings per share gains for the second year in a row. The Company’s 2016 results were driven by record revenues in the Corporate Finance & Restructuring and Economic Consulting segments. The Europe, Middle East, and Africa region also delivered record revenues and increased headcount by 11% from 2015.
$1.4 billion equity market capitalization (total Shares outstanding times the closing share price as of December 31, 2015). Advisor to the world’s top 10 bank holding companies, clients of 92 of the world’s top 100 law firms and 48 of the Global 100 corporations are clients.
The Company’s organic growth strategy is showing success. Excluding the impact of foreign currency translation, the Company reported organic revenue growth of 10 percent cumulatively from 2013 to 2015, the best two-year organic growth rate the Company has achieved in more than half a decade.
During 2015, the Company rebuilt its pipeline of talent, improving our leverage ratios and growing net headcount, excluding divestitures, by seven percent. The overwhelming majority of the growth, 98 percent, came from below the Senior Managing Director level.
On a percentage basis, the Company reported the largest gain in Adjusted Earnings Per Share since 2009.
On January 20th, Steven H. Gunby became President and CEO of FTI Consulting, bringing more than 30 years of strategic, operational and performance improvement experience to the firm. Joining Gunby on the executive management team on August 25th were David Johnson, Chief Financial Officer, Holly Paul, Chief Human Resources Officer and Paul Linton, Chief Strategy and Transformation Officer.
On December 16, the Company’s Board of Directors named Steven H. Gunby President and Chief Executive Officer. Mr. Gunby brings more than 30 years of strategic, operational and performance improvement experience in global management consulting.
Growth continued with $1.65 billion in revenues and more than 4,200 employees in 26 countries. Twenty-eight percent of revenues were generated internationally. Also, the firm invested $51.0 million in six acquisitions that expanded its service offering, geographic footprint or industry expertise.
FTI Consulting has grown from 75 employees and $6 million in annual revenues in the United States in 1992 to become a global enterprise with more than 3,800 employees in 24 countries and $1.58 billion in revenues during 2012. More than 25 percent of FTI Consulting revenues come from outside the United States.
The firm acquires KordaMentha (Qld) (KMQ), establishing its Corporate Finance & Restructuring practice in Australia.
FTI Consulting acquires Think First, bolstering its Health Solutions practice.
FTI Consulting acquires various operations of LECG, adding approximately 200 professionals from Europe, Latin America and the United States.
The company now has offices in 24 countries on six continents and employs more than 3,800 people, including Nobel Laureate economists and government, corporate and financial players from around the world. Thirty percent reside outside the United States.
More than 20 percent of FTI Consulting revenues come from outside the United States. Revenues in Latin America grow by 24 percent, and total revenues in Asia and the Pacific more than double.
The firm acquires FS Asia Advisory Limited, significantly expanding the company's corporate finance, restructuring and turnaround capabilities in Asia.
Revenues exceed $1.4 billion. Market capitalization approaches $2 billion.
The firm acquires CXO, L.L.C., an interim management and turnaround services firm.
FTI Consulting helps track down the ill-gotten gains of Bernie Madoff and serves on many of the largest, highest profile corporate restructurings of the year, including Lehman Brothers, General Motors and CIT.
FTI Consulting acquires Attenex Corporation, a leading e-discovery software provider, and Strategic Discovery, Inc., a provider of litigation discovery and records management. The firm enhances its presence in the United Kingdom with the acquisition of London-based Forensic Accounting LLP, and significantly expands its Construction Solutions services in the United Kingdom, Dubai and Abu Dhabi with the acquisition of Brewer Consulting.
The firm extends its construction industry and government contracts solutions with the acquisition of Rubino & McGeehin Consulting Group. Lexecon and Competition Policy Associates (COMPASS), two of the premier economic consulting firms in the world, combine to form Compass Lexecon, a wholly owned subsidiary of FTI Consulting, Inc.
FTI Consulting enters the Latin American market with the acquisition of Holder International.
FTI Consulting achieves revenues of $1 billion — two years ahead of its five-year plan.
The company firm aids the investigation into the oil-for-food program bribery scandal tied to the Saddam Hussein regime.
The company acquires Financial Dynamics (FD), a large, global strategic communications firm, diversifying the company's consulting capabilities and providing it with a significant presence outside the United States. The firm acquires International Risk, Ltd, forming the Global Risk and Investigations team in Asia.
The firm acquires Brower Kriz & Stynchcomb, which provides dispute, litigation and investigations services for the construction industry. The firm's Technology practice plays a substantial role in the Major League Baseball steroids investigation and acquires G3 Ltd to expand its UK technology client base.
Acquisition of litigation technology firm Ringtail Solutions Group (Ringtail) adds operations in Australia, the United Kingdom and the United States. The company acquires Cambio Health Solutions, a Tennessee-based hospital turnaround firm. The acquisition represents a major step in plans to deepen domain expertise in strategic industries.
The firm acquires the intellectual property practice of Stone Turn. The firm develops its first five-year plan. The goal is to double revenues from approximately $427 million to $1 billion in five years. FTI Consulting now works for 97 of the top 100 U.S. law firms, nine of the country's 10 largest banks and 66 Fortune 100 clients.
The company acquires the economic consulting firm Lexecon and the Disputes Advisory Services business from KPMG.
The firm acquires Ten Eyck Associates, which specializes in Securities and Exchange Commission (SEC) investigations and litigation.
The company has grown to 1,000 professionals located in 24 major U.S. cities and London.
The company makes a major move into the corporate restructuring business with the acquisition of the business recovery services practice of PricewaterhouseCoopers.
The firm assists in the bankruptcy cases of Enron, WorldCom and Adelphia Communications.
FTI Consulting begins trading as a public company and is now on the New York Stock Exchange under the symbol FCN.
The firm provides trial graphics and courtroom presentation technology for the landmark Bush vs. Gore case to resolve the disputed presidential election results.
As an outgrowth of a multi-district pharmaceutical case, the company forms its Technology practice, specializing in e-discovery solutions and software.
Forensic Technologies International changes its name to FTI Consulting.
The firm expands its investigation and research capabilities with the acquisition of S.E.A., Inc., and enters the financial disputes business with the acquisition of Klick, Kent and Allen, Inc. The company also purchases Kahn Consulting, a turnaround, restructuring, bankruptcy and forensic accounting practice.
Forensic Technologies International acquires LWG, which provides consulting services to property and casualty insurance claim adjusters and attorneys. The acquisition also expands the company's presence into Canada.
Forensic Technologies International goes public in May of 1996. Trading under the ticker symbol FTIC, the firm raises $11.1 million on the NASDAQ, becoming one of the first public litigation-support services companies.
The company provides courtroom graphics and jury consultation for the O.J. Simpson trial.
Forensic Technologies International lands a product defect case in the construction industry that elevates the firms reputation as provider of complex technical investigations and litigation services.
The State of Illinois hires the firm to determine the cause of a central telephone office fire and make recommendations to prevent future disasters.
Forensic Technologies International is co-founded by Dan Luczak and Joseph Reynolds in a small warehouse in Annapolis, Md. Luczak and Reynolds are visionaries who revolutionize the presentation of technological courtroom evidence with computer models that help courtroom staff and jury members understand the technical merits of cases.