TechnipFMC(FTI) ZACKS·2025-02-21 16:11Core Insights - FTI Consulting, Inc. (FCN) reported disappointing fourth-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate [1][2] Financial Performance - Adjusted earnings per share were $1.56, missing the consensus estimate by 6.6% and down 31.6% year-over-year [2] - Revenues totaled $895 million, lagging the consensus estimate by 1.6% and decreasing 3.2% year-over-year [2] Segmental Performance - Technology revenues decreased 10.2% year-over-year to $90.6 million, primarily due to lower demand for M&A-related "second request" services [3] - Economic Consulting revenues remained flat at $206.1 million year-over-year, with higher M&A-related antitrust revenues offset by lower international arbitration and non-M&A-related antitrust revenues [3] - Corporate Finance & Restructuring revenues declined 8.2% year-over-year to $335.7 million, driven by lower demand for transformation & strategy and transactions services [4] - Strategic Communications revenues were flat at $86.6 million year-over-year, with higher demand for financial communications services offset by lower demand for corporate reputation services [4] - Forensic and Litigation Consulting revenues rose 6.3% year-over-year to $175.9 million, with acquisition-related revenues contributing $2.4 million [5] Margins and Cash Flow - Adjusted EBITDA was $73.7 million, down 42.1% year-over-year, with the adjusted EBITDA margin declining 560 basis points to 8.2% [6] - The company exited the quarter with cash and cash equivalents of $660.5 million, up from $386.3 million in the prior quarter, and generated $395.1 million from operating activities [7] 2025 Guidance - FCN revised its 2025 revenue guidance to a range of $3.66 billion to $3.81 billion, with the midpoint lower than the current Zacks Consensus Estimate of $3.87 billion [8] - Estimated EPS for full-year 2025 is projected between $7.44 and $8.24, with the midpoint also lower than the current Zacks Consensus Estimate of $8.63 [9]