FTI sulting(FCN) - 2025 Q3 - Earnings Call Presentation

Consolidated Financial Performance - Revenues for Q3 2025 reached $956.167 million, a 1.3% increase compared to Q2 2025 ($943.662 million) and a 3.3% increase compared to Q3 2024 ($926.019 million)[5] - Net income for Q3 2025 was $82.818 million, showing a 15.5% increase from Q2 2025 ($71.698 million) and a 24.6% increase from Q3 2024 ($66.466 million)[5] - Earnings per Diluted Share for Q3 2025 were $2.60, a 22.1% increase from Q2 2025 ($2.13) and a 40.5% increase from Q3 2024 ($1.85)[5] - Adjusted EBITDA for Q3 2025 was $130.573 million, a 17.0% increase from Q2 2025 ($111.640 million) and a 26.8% increase from Q3 2024 ($102.948 million)[5] - Adjusted EBITDA Margin for Q3 2025 was 13.7%, compared to 11.8% in Q2 2025 and 11.1% in Q3 2024[5] Segment Performance - Corporate Finance & Restructuring revenues in Q3 2025 were $404.896 million, up 6.8% from Q2 2025 ($379.239 million) and 18.6% from Q3 2024 ($341.512 million)[8] - Forensic and Litigation Consulting revenues in Q3 2025 were $194.689 million, up 4.4% from Q2 2025 ($186.517 million) and 15.4% from Q3 2024 ($168.778 million)[8] - Economic Consulting revenues in Q3 2025 were $173.086 million, down 9.7% from Q2 2025 ($191.657 million) and 22.0% from Q3 2024 ($222.033 million)[8] - Technology revenues in Q3 2025 were $94.081 million, up 12.5% from Q2 2025 ($83.599 million) but down 14.8% from Q3 2024 ($110.404 million)[8] - Strategic Communications revenues in Q3 2025 were $89.415 million, down 12.9% from Q2 2025 ($102.650 million) but up 7.4% from Q3 2024 ($83.292 million)[8] Cash Flow and Capital Allocation - Net cash provided by operating activities for Q3 2025 was $201.893 million, compared to $55.693 million in Q2 2025 and $219.374 million in Q3 2024[10] - Free Cash Flow for Q3 2025 was $186.979 million, compared to $38.268 million in Q2 2025 and $212.327 million in Q3 2024[10] - Purchase and retirement of common stock in Q3 2025 amounted to $234.211 million, compared to $354.037 million in Q2 2025[10]