FTI sulting(FCN) - 2024 Q3 - Earnings Call Presentation

Financial Performance - Q3 2024 - FTI Consulting's Q3 2024 revenues were $926.019 million, a decrease of 2.4% compared to Q2 2024 ($949.156 million) but an increase of 3.7% compared to Q3 2023 ($893.261 million)[4] - Net income for Q3 2024 was $66.466 million, a decrease of 20.8% compared to Q2 2024 ($83.947 million) and a decrease of 20.2% compared to Q3 2023 ($83.317 million)[4] - Earnings per diluted share for Q3 2024 were $1.85, a decrease of 20.9% compared to both Q2 2024 ($2.34) and Q3 2023 ($2.34)[4] - Adjusted EBITDA for Q3 2024 was $102.948 million, an 11.2% decrease compared to Q2 2024 ($115.921 million) and a 13.3% decrease compared to Q3 2023 ($118.748 million)[4] - The Adjusted EBITDA Margin for Q3 2024 was 11.1%, compared to 12.2% in Q2 2024 and 13.3% in Q3 2023[4] Segment Performance - Q3 2024 - Corporate Finance & Restructuring revenues were $341.512 million, a decrease of 1.9% compared to Q2 2024 ($347.971 million) and a decrease of 1.7% compared to Q3 2023 ($347.560 million)[4] - Forensic and Litigation Consulting revenues were $168.778 million, a decrease of 0.4% compared to Q2 2024 ($169.496 million) but an increase of 1.6% compared to Q3 2023 ($166.137 million)[4] - Economic Consulting revenues were $222.033 million, a decrease of 3.8% compared to Q2 2024 ($230.873 million) but an increase of 14.5% compared to Q3 2023 ($193.866 million)[4] - Technology revenues were $110.404 million, a decrease of 4.7% compared to Q2 2024 ($115.875 million) but an increase of 11.7% compared to Q3 2023 ($98.860 million)[4] - Strategic Communications revenues were $83.292 million, a decrease of 1.9% compared to Q2 2024 ($84.941 million) and a decrease of 4.1% compared to Q3 2023 ($86.838 million)[4] Cash Flow and Capital Allocation - As of September 30, 2024, cash and cash equivalents were $386.344 million, compared to $226.428 million as of June 30, 2024, and $201.148 million as of September 30, 2023[5] - Net cash provided by operating activities for Q3 2024 was $219.374 million, compared to $135.226 million for Q2 2024 and $106.675 million for Q3 2023[5] - Free Cash Flow for Q3 2024 was $212.327 million, compared to $125.166 million for Q2 2024 and $92.476 million for Q3 2023[5]