earnings
confidence high
sentiment positive
materiality 0.70
FTI Consulting reports record Q3 revenues of $775.9M, up 10.5% YoY; EPS $2.15, meets guidance range
FTI CONSULTING, INC
2022-Q3 EPS reported
$5.25
revenue$2,254,477,000
- Q3 revenue $775.9M (+10.5% YoY); net income $77.3M vs $69.5M; adjusted EBITDA $99.0M (12.8% margin vs 14.3% in prior year).
- All segments grew: Corp Finance & Restructuring $265.4M (+6%), Economic Consulting $193.2M (+12%), Technology $84.9M (+31%), Forensic & Litigation $159.9M (+10%), Strategic Comm $72.4M (+4%).
- FY2022 guidance narrowed: revenue $2.965B-$3.025B (prev $2.920B-$3.045B), EPS $6.40-$6.80 (prev $6.40-$7.20); company sees no adjusted EPS difference.
- Q3 share repurchases: 127,791 shares for $20.4M at avg $159.87; $143.5M remaining under authorization. Cash $327M, net debt negative $10.8M.
- Tax benefit of $8.3M boosted EPS by $0.23; headcount grew 12.4% YoY.