FRANKFURT, Germany, Jan. 23, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the continued expansion of its global Aviation practice with the appointment of Frank Martin as a Senior Managing Director within the Corporate Finance & Restructuring segment. "Frank brings deep knowledge of the aviation sector and a valuable set of skills in maintenance and technical operations, which will be highly valuable to clients across a variety of projects," said Marc Bilbao, a Senior Managing Dir ...

WASHINGTON, Jan. 22, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the findings of its 2024 Leveraged Loan Market Survey, which offers insight into bank and non-bank lenders' perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in the year ahead. This year's survey found cautious optimism prevails among lenders after a challenging year, with 45% of respondents believing that the probability of a U.S. recession is minor compared ...

WASHINGTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Chief financial officers are expecting growth over the next 12 months despite inflation remaining the top challenge, according to findings from a new survey conducted by the Office of the CFO Solutions practice at FTI Consulting Inc. (NYSE:FCN), in collaboration with CFO Dive. Nearly three-quarters (74%) of those surveyed predict double-digit growth in 2024, with 33% predicting growth over 30%. The survey polled the views of more than 375 senior finance executiv ...

All numbers in $000s, except for per share data and percentages | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------|-------|----------------------------------------|-------|-----------------------------------------|-------|------------------------|-------|------------|-------|-----------------------------|--------------------------|--------------|---------| | | | Corporate Finance & \nRestructuring | | Forensic and Litigation \nConsultin ...

FTI Consulting, Inc. (NYSE:FCN) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Mollie Hawkes - VP, IR and Communications Steve Gunby - President and CEO Ajay Sabherwal - CFO Conference Call Participants James Yaro - Goldman Sachs Tobey Sommer - Truist Andrew Nicholas - William Blair Operator Welcome to the FTI Consulting Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note that this event is b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14875 FTI CONSULTING, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 52-1261113 (State or Other Jurisdiction of ...

Financial Data and Key Metrics Changes - The company reported a 14.5% revenue growth for the quarter, with record revenues of $864.6 million, up from $755 million in the prior-year quarter [33][34] - Net income increased by 21.3% to $62.4 million, compared to $51.4 million in the prior-year quarter [34] - Adjusted EBITDA rose by 31.6% to $100.2 million, representing 11.6% of revenues, compared to 10.1% in the prior-year quarter [35][33] - Earnings per share (EPS) increased to $1.75 from $1.43 in the prior-year quarter [34] Business Line Data and Key Metrics Changes - Corporate Finance & Restructuring revenues increased by 8.4% to $300.4 million, driven by higher demand for restructuring services, which grew by 32% year-over-year [70][71] - The FLC segment saw revenues of $182.2 million, a 10.9% increase, primarily due to higher demand for investigations and data analytics services [39] - Economic Consulting revenues increased by 23% to $201.8 million, attributed to higher realized bill rates and increased demand for antitrust services [40] - Technology segment revenues grew by 25.3% to $97.4 million, driven by demand for investigations and litigation services [75] Market Data and Key Metrics Changes - The company experienced a 6.7% total attrition rate in the first half of 2023, down from 9.9% in the same period of 2022, indicating improved talent retention [79] - Billable headcount increased by 11.3% year-over-year, with 634 new professionals added [36] - Non-billable headcount also rose by 11.8%, reflecting the company's commitment to talent acquisition despite economic uncertainties [36] Company Strategy and Development Direction - The company aims to balance short-term performance with long-term growth, emphasizing the importance of attracting and retaining top talent [5][31] - Management is focused on investing in high-demand areas, even if it negatively impacts short-term earnings, to ensure future growth [46][31] - The company is committed to maintaining a strong balance sheet, allowing for potential share buybacks and acquisitions when opportunities arise [47] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by inflation and increased costs, which have pressured margins despite revenue growth [58][79] - The company is lowering its full-year guidance due to weaker-than-expected performance in the first half, but remains optimistic about long-term growth prospects [55][63] - Management highlighted the importance of adapting to changing market conditions and maintaining a focus on client needs [88][112] Other Important Information - SG&A expenses increased to $186.4 million, representing 21.6% of revenues, primarily due to higher compensation and outside services expenses [68] - Free cash flow was an outflow of $22 million in the quarter, with total debt net of cash increasing to $137.2 million [77] Q&A Session Summary Question: Will there be G&A leverage in '23? - Management indicated that they expect G&A leverage in the second half of the year, with lower G&A compared to the first half [128] Question: How does inflation impact cost and bill rates? - Management acknowledged a mismatch between rising costs and bill rates, but noted that they are not seeing significant pressure from realization issues [103][104] Question: What is the outlook for restructuring growth? - Management expects slower restructuring growth in the second half, with moderate growth in transactions [106] Question: How will the upcoming U.S. presidential election affect business? - Management expressed uncertainty about the election's impact but emphasized their focus on attracting talent and meeting client needs regardless of external factors [116] Question: What are the dynamics in the antitrust space? - Management highlighted their strong position in antitrust consulting and anticipated increased demand due to regulatory changes [111][112]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14875 FTI CONSULTING, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 52-1261113 (State or Other Jurisdiction of Incor ...

Financial Data and Key Metrics Changes - First quarter 2023 revenues reached $806.7 million, an increase of $83.1 million or 11.5% year-over-year, with a 13.8% increase when excluding the estimated negative impact of foreign exchange [12][78] - Earnings per share (EPS) were $1.34, down from $1.66 in the prior year quarter [12] - Adjusted EBITDA for the first quarter 2023 was $78.4 million, a decrease of 13.3% compared to $90.5 million in the prior year quarter [68] Business Line Data and Key Metrics Changes - Corporate Finance & Restructuring revenues were $300 million, up 18.4% year-over-year, driven by higher demand for restructuring and business transformation services [86] - Economic Consulting revenues increased by 2.2% to $169.6 million, primarily due to higher demand for M&A-related antitrust services [87] - Forensic and Litigation Consulting (FLC) revenues rose 12.7% to $173.4 million, attributed to increased demand for data and analytics, investigations, and health solutions services [69] Market Data and Key Metrics Changes - Restructuring revenues grew 38% year-over-year, reflecting strong demand across various verticals including retail and healthcare [34] - Business transformation and transactions grew 5.5% year-over-year, although transactions specifically were down 8% [22] Company Strategy and Development Direction - The company is focused on long-term growth while being mindful of utilization rates, with a strong balance sheet allowing for organic growth, share buybacks, and acquisitions [17] - Management emphasized the importance of attracting and developing talent to support business growth, particularly in key markets like the Middle East and Europe [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong revenue growth despite short-term volatility and challenges, including FX impacts and revenue deferrals [61][82] - The outlook for restructuring activity remains positive, with expectations for a pickup in M&A activity later in the year [37][92] Other Important Information - The company repurchased $17.8 million worth of shares during the quarter, with approximately $460.7 million remaining for future buybacks [89] - Total debt net of cash increased to $122.7 million as of March 31, 2023, compared to $60.1 million a year earlier [89] Q&A Session Summary Question: What is the outlook for restructuring activity? - Management noted a sequential increase in restructuring revenues, indicating strength in both the U.S. and overseas markets [92] Question: Were there any significant timing items affecting revenue? - Management acknowledged revenue deferrals and other factors like FX and bad debt that can impact quarterly results [93] Question: How does the company view the hiring opportunities in the current market? - Management highlighted robust hiring, particularly outside the U.S., driven by the company's improved reputation and ability to attract top talent [97]

For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14875 FTI CONSULTING, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 52-1261113 (State or Other Jurisdiction of Incorporation or Organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...