FTI Consulting Q3 2024 Performance and 2025 Outlook FAQ
Summary
FTI Consulting reported record third-quarter results driven by strong performance in Corporate Finance & Restructuring and Forensic & Litigation Consulting, leading the company to raise its full-year financial guidance for 2025.
What were FTI Consulting’s key financial results for the third quarter?
FTI Consulting reported revenue of $956.2 million (up 3.3%), earnings per share of $2.60 (up 41%), and adjusted EBITDA of $130.6 million (13.7% of revenue) for the quarter ended September 30.
Which business segments performed strongest in the third quarter?
Corporate Finance & Restructuring led with 18.6% revenue growth to $404.9 million, followed by Forensic & Litigation Consulting with 15.4% growth to $194.7 million, and Strategic Communications with 7.4% growth to $89.4 million.
Why did FTI Consulting raise its full-year outlook?
The company raised its guidance due to record quarterly performance driven by strong results in Corporate Finance and Forensic & Litigation Consulting, which offset weakness in Economic Consulting and Technology segments.
What are FTI’s financial expectations for 2025?
FTI expects 2025 revenue of $3.685 billion to $3.735 billion, EPS of $7.62 to $8.12, and adjusted EPS of $8.20 to $8.70, assuming a 22%-24% tax rate.
Which business segments underperformed and why?
Economic Consulting revenue fell 22% to $173.1 million due to softer antitrust work and higher retention costs, while Technology revenue declined 14.8% to $94.1 million on fewer second-request matters.
What capital allocation actions did FTI take during the quarter?
FTI repurchased 1.426 million shares at an average price of $164.18 during the quarter and another 469,610 shares post-quarter at $160.23, with the board adding $500 million to buyback authorization.
How does management view the company’s long-term performance?
CEO Steve Gunby framed the results as a payoff from years of organic investment and talent bets, while reaffirming continued spending on AI capabilities and senior recruiting despite near-term pressure in weaker segments.
What is FTI’s track record for adjusted EPS growth?
Management stated that 2025 would mark an 11th straight year of adjusted EPS growth absent unforeseen disruption, indicating consistent long-term financial performance.
What was the company’s financial position at quarter-end?
FTI had cash of $146 million with net debt of $364 million, maintaining a solid financial foundation while continuing strategic investments and shareholder returns.
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