The professional services firm expands its repurchase authorization as it nears $2.1B spent on buybacks since 2016.
FTI Consulting has approved an additional $370M for share repurchases under its existing program. The move increases the total authorization available for buying back outstanding common stock.
Since the program’s inception in June 2016, the company has repurchased approximately 19.1M shares at an average price of $107.94 per share. The total cost of buybacks to date stands at roughly $2.1B.
The authorization does not obligate FTI Consulting to repurchase any specific number of shares, and the timing remains at the company’s discretion.