FTI Consulting Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results were driven by double-digit growth in Corp Fin, FLC, and StratCom, offsetting headwinds in Economic Consulting and Tech. 2026 guidance anticipates continued revenue and EPS growth, with AI and regulatory disruption fueling demand for expert services.
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Record Q3 results with EPS up 41% and strong growth in Corp Fin, FLC, and Stratcom offsetting declines in econ and tech. Updated 2025 guidance reflects continued resilience, major investments in talent, and robust share repurchases.
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Q2 results showed resilience with record performance in restructuring and strategic communications, offsetting headwinds in technology and economic consulting. Guidance narrowed, with continued investment in talent and strong capital returns.
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Q1 2025 saw strong results with record FLC performance, but overall revenue declined 3.3% year-over-year due to headwinds in Economic Consulting and subdued M&A activity. Guidance remains unchanged, with management highlighting ongoing uncertainty and continued investment in talent.
Fiscal Year 2024
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2024 delivered record revenues and a tenth year of adjusted EPS growth, but the second half underperformed due to market and idiosyncratic headwinds. 2025 guidance is muted, reflecting expected revenue and margin pressure from senior departures in Economic Consulting and a higher tax rate, though management remains confident in long-term growth.
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Third quarter revenue grew 3.7% year-over-year but declined sequentially, with earnings and margins pressured by higher costs and a challenging consulting market. Management narrowed full-year guidance and remains confident in long-term growth, supported by strong hiring and investments in talent and technology.
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Q2 2024 saw strong revenue and EPS growth, driven by organic gains and a one-time tax benefit. All segments grew, with standout results in Corporate Finance, Economic Consulting, and Technology, prompting raised full-year guidance.