Earnings ·
FTI Consulting reports record $1.013B Q3 revenue and updates full-year EPS guidance to $7.55-$8.05
FCNFti Consulting, Inc
FTI Consulting reported third-quarter revenues of $1.013 billion, a 6% increase from the prior year, driven by growth across all five business segments. GAAP earnings per share were $2.35, down 10% year-over-year due to a $46 million special charge for workforce and real estate reductions and extraordinary litigation expenses. Adjusted EPS reached a record $3.84, up 48%, as adjusted EBITDA grew 18% to $153.7 million. The company initiated a plan to align staffing with demand, affecting approximately 4% of its more than 8,200 employees, with total expected special charges for the year reaching approximately $53 million. FTI Consulting reaffirmed full-year revenue guidance between $3.94 billion and $4.10 billion but lowered GAAP EPS guidance to $7.55-$8.05 from a previous range of $8.70-$9.30, while raising adjusted EPS guidance to $9.50-$10.00. The company operates as a global expert firm providing crisis management and transformation advisory services.