FTI sulting(FCN) - 2024 Q1 - Earnings Call Presentation

Financial Performance - Revenues for Q1 2024 reached $928553 thousand, a 04% increase compared to Q4 2023 and a 151% increase compared to Q1 2023[14] - Net income for Q1 2024 was $79965 thousand, a 20% decrease compared to Q4 2023 but a significant 682% increase compared to Q1 2023[14] - Adjusted EBITDA for Q1 2024 was $111073 thousand, a 128% decrease compared to Q4 2023 but a 416% increase compared to Q1 2023[14] - Adjusted EBITDA Margin for Q1 2024 was 120%, compared to 138% in Q4 2023 and 97% in Q1 2023[14] Segment Results - Corporate Finance & Restructuring revenues for Q1 2024 were $366010 thousand, a 01% increase compared to Q4 2023 and a 160% increase compared to Q1 2023[14] - Forensic and Litigation Consulting revenues for Q1 2024 were $176074 thousand, a 64% increase compared to Q4 2023 and a 116% increase compared to Q1 2023[14] - Economic Consulting revenues for Q1 2024 were $204548 thousand, a -07% decrease compared to Q4 2023 but a 206% increase compared to Q1 2023[14] - Technology revenues for Q1 2024 were $100713 thousand, a -02% decrease compared to Q4 2023 but a 111% increase compared to Q1 2023[14] - Strategic Communications revenues for Q1 2024 were $81208 thousand, a -63% decrease compared to Q4 2023 but a 111% increase compared to Q1 2023[14] Cash Flow and Capital Allocation - Net cash used in operating activities for the three months ended March 31, 2024, was $(274818) thousand, compared to net cash provided by operating activities of $382986 thousand for the three months ended December 31, 2023, and net cash used in operating activities of $(254206) thousand for the three months ended March 31, 2023[10] - Free Cash Flow for Q1 2024 was $(279459) thousand, compared to $376708 thousand in Q4 2023 and $(272239) thousand in Q1 2023[10] Regional Performance - North America revenues for Q1 2024 were $616034 thousand, a 54% increase compared to Q4 2023 and a 171% increase compared to Q1 2023[28] - EMEA revenues for Q1 2024 were $252179 thousand, a -85% decrease compared to Q4 2023 but a 133% increase compared to Q1 2023[28]