FTI sulting(US:FCN) Globenewswire·2025-10-23 11:30Core Insights - FTI Consulting reported record revenues of $956.2 million for Q3 2025, a 3.3% increase from $926.0 million in the same quarter last year, driven by strong performance in Corporate Finance & Restructuring and Forensic and Litigation Consulting segments [2][8] - Net income rose to $82.8 million, up from $66.5 million in the prior year quarter, attributed to higher revenues and lower SG&A expenses [2][3] - Earnings per diluted share (EPS) increased by 41% to $2.60 compared to $1.85 in the prior year quarter [2][8] Financial Performance - Revenues increased by $30.1 million, or 3.3%, year-over-year, with a 2.1% increase when excluding foreign currency effects [2] - Adjusted EBITDA for the quarter was $130.6 million, representing 13.7% of revenues, compared to $102.9 million, or 11.1% of revenues, in the prior year [2] - The company experienced a decrease in net cash provided by operating activities, totaling $201.9 million compared to $219.4 million in Q3 2024, primarily due to lower cash collections [3] Segment Performance - Corporate Finance & Restructuring segment revenues increased by 18.6% to $404.9 million, driven by higher demand for restructuring services [7] - Forensic and Litigation Consulting segment revenues rose by 15.4% to $194.7 million, supported by increased demand for risk and investigations services [9] - Economic Consulting segment revenues decreased by 22.0% to $173.1 million, primarily due to lower demand for non-M&A-related antitrust services [10] - Technology segment revenues fell by 14.8% to $94.1 million, attributed to reduced demand for M&A-related services [11] - Strategic Communications segment revenues increased by 7.4% to $89.4 million, driven by higher demand for corporate reputation services [12] Share Repurchase and Capital Allocation - The company repurchased 1,425,644 shares at an average price of $164.18, totaling $234.1 million, with approximately $75.3 million remaining for future repurchases [4][6] - The Board of Directors authorized an additional $500.0 million for share repurchases, bringing the total authorization to $2.2 billion since the program's inception [6] Guidance - FTI Consulting revised its full-year 2025 revenue guidance to a range of $3.685 billion to $3.735 billion, with EPS expected between $7.62 and $8.12 [13]