8-K
filed February 23, 2024, 6:59 PM ET
ticker FCN
CIK 0000887936
earnings
confidence high
sentiment positive
materiality 0.75
FTI Consulting reports record Q4 2023 revenue $924.7M, EPS $2.28; FY revenue $3.49B
FTI CONSULTING, INC
2023-FY EPS reported
$7.71
revenue$3,489,242,000
- Q4 2023 revenue $924.7M (+19% YoY); net income $81.6M ($2.28 EPS, +71%).
- FY2023 revenue $3.489B (+15% YoY); net income $274.9M ($7.71 EPS, +17%).
- All five segments grew: Technology +31.4%, Corporate Finance & Restructuring +19.7%.
- FY2024 guidance: revenue $3.65B–$3.79B; EPS $7.75–$8.50.
- Adjusted EBITDA $424.8M (12.2% margin) vs $357.6M (11.8%) prior year.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FTI CONSULTING, INC reported the fourth quarter ended December 31, 2023 results: revenue $924.7 million, net income $81.6 million, EPS $2.28.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $924.7 million
- Net income
- $81.6 million
- EPS
- $2.28
- Result
- reported results
Exact text from the filing
Fourth quarter 2023 revenues of $924.7 million increased $150.3 million, or 19.4%, compared to revenues of $774.4 million in the prior year quarter. Excluding the estimated positive impact from FX, revenues increased $139.0 million, or 18.0%, compared to the prior year quarter. The increase in revenues was due to higher demand across all business segments. Net income of $81.6 million compared to $47.5 million in the prior year quarter. The increase in net income was primarily due to higher revenues, which was partially offset by higher compensation and SG&A expenses compared to the prior year quarter. Adjusted EBITDA of $127.4 million, or 13.8% of revenues, compared to $92.0 million, or 11.9% of revenues, in the prior year quarter. Fourth quarter 2023 EPS of $2.28 compared to $1.33 in the prior year quarter.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FTI CONSULTING, INC reported the year ended December 31, 2023 results: revenue $3.489 billion, net income $274.9 million, EPS $7.71.
- Period
- the year ended December 31, 2023
- Revenue
- $3.489 billion
- Net income
- $274.9 million
- EPS
- $7.71
- Result
- reported results
Exact text from the filing
For the full year 2023, revenues of $3.489 billion increased $460.3 million, or 15.2%, compared to revenues of $3.029 billion in the prior year. The increase in revenues was due to higher demand across all business segments. Net income of $274.9 million compared to $235.5 million in the prior year. The increase in net income was primarily due to higher revenues, which was partially offset by higher compensation, a 17.2% increase in selling, general and administrative (“SG&A”) expenses and higher income taxes compared to the prior year. Adjusted EBITDA of $424.8 million, or 12.2% of revenues, compared to $357.6 million, or 11.8% of revenues, in the prior year. Full year 2023 earnings per diluted share (“EPS”) of $7.71 compared to $6.58 in the prior year.
View on SEC.gov
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