FTI Consulting Q2 revenue up 14.5% to $864.6M; lowers FY2023 EPS guidance to $6.50-$7.20

FTI CONSULTING, INC

2023-Q2 EPS reported $3.09 revenue$1,671,297,000

Q2 EPS $1.75 (up 22.4% YoY); net income $62.4M vs $51.4M.
Adjusted EBITDA $100.2M (11.6% margin) vs $76.2M (10.1%) in prior year.
FY2023 revenue guidance narrowed to $3.33B-$3.40B; EPS lowered to $6.50-$7.20 from $6.80-$7.70.
Cash $203.5M; net debt $137.2M; $460.7M remains under buyback; no repurchases in Q2.
Segment growth: Technology +25.3%, Economic +23%, Forensic +10.9%, Strategic Comm +15%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FTI CONSULTING, INC reported the second quarter ended June 30, 2023 results: revenue $864.6 million, net income $62.4 million, EPS $1.75. Guidance lowered.

Period: the second quarter ended June 30, 2023
Revenue: $864.6 million
Net income: $62.4 million
EPS: $1.75
Guidance: lowered
Result: reported results

Exact text from the filing

& Media Contact: Mollie Hawkes +1.617.747.1791 mollie.hawkes@fticonsulting.com FTI Consulting Reports Second Quarter 2023 Financial Results • Second Quarter 2023 Revenues of $864.6 Million, Up 14.5% Compared to $755.0 Million in Prior Year Quarter • Second Quarter 2023 EPS of $1.75, Up 22.4% Compared to $1.43 in Prior Year Quarter • Company Lowers Upper End of 2023

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Source: SEC EDGAR

accession 0001193125-23-197772

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