Core Insights - FTI Consulting reported a revenue of $990.75 million for the quarter ended December 2025, reflecting a year-over-year increase of 10.7% and surpassing the Zacks Consensus Estimate by 8.71% [1] - The company's EPS for the quarter was $1.78, which is an increase from $1.56 in the same quarter last year, resulting in an EPS surprise of 28.52% over the consensus estimate of $1.39 [1] Revenue Breakdown - Corporate Finance & Restructuring revenues reached $423.19 million, exceeding the average estimate of $370.21 million, marking a year-over-year increase of 26.1% [4] - Forensic and Litigation Consulting revenues were reported at $192.88 million, slightly above the estimated $189.07 million, with a year-over-year change of 9.7% [4] - Strategic Communications generated revenues of $99.41 million, surpassing the average estimate of $89.1 million, representing a year-over-year increase of 14.8% [4] - Technology revenues amounted to $99.05 million, exceeding the average estimate of $91.72 million, with a year-over-year increase of 9.3% [4] - Economic Consulting revenues were reported at $176.23 million, slightly above the estimated $170.8 million, but showing a decline of 14.5% year-over-year [4] Stock Performance - FTI Consulting's shares have returned -10.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - FTI Consulting reported second quarter 2025 revenues of $943.7 million, a decrease of $5.5 million or 0.6% compared to the same quarter last year, with a more significant decline of $17.6 million or 1.8% when excluding foreign currency impacts [2][8] - Net income for the quarter was $71.7 million, down from $83.9 million in the prior year, primarily due to lower revenues and increased direct costs [2][3] - The company’s adjusted EBITDA was $111.6 million, representing 11.8% of revenues, compared to $115.9 million or 12.2% of revenues in the prior year [2] Financial Performance - Revenues decreased in the Economic Consulting and Technology segments, while Corporate Finance & Restructuring, Forensic and Litigation Consulting, and Strategic Communications segments saw revenue increases [2][6][10][11][12] - The Corporate Finance & Restructuring segment experienced a revenue increase of $31.3 million or 9.0%, reaching $379.2 million, driven by higher demand for restructuring services [6] - The Forensic and Litigation Consulting segment's revenues rose by $17.0 million or 10.0%, totaling $186.5 million, attributed to higher realized bill rates [7] Segment Analysis - Economic Consulting revenues fell by $39.2 million or 17.0% to $191.7 million, primarily due to decreased demand for M&A-related services [10] - Technology segment revenues decreased by $32.3 million or 27.9% to $83.6 million, driven by lower demand for M&A-related services [11] - Strategic Communications segment revenues increased by $17.7 million or 20.8% to $102.7 million, mainly due to higher demand for corporate reputation services [12] Cash Position and Capital Allocation - Net cash provided by operating activities was $55.7 million, down from $135.2 million in the prior year, primarily due to increased forgivable loan issuances [3] - The company repurchased 2,192,333 shares at an average price of $161.88, totaling $354.9 million, with approximately $309.3 million remaining for future repurchases [4] - Cash and cash equivalents stood at $152.8 million, a decrease from $226.4 million a year earlier [5] Guidance - FTI Consulting revised its full-year 2025 revenue guidance to a range of $3.660 billion to $3.760 billion, with EPS expected between $7.24 and $7.84 [13]