FTI Consulting Q2 rev $949M (+10% YoY), EPS $2.34 (+34%); raises FY2024 guidance

FTI CONSULTING, INC

2024-Q2 EPS reported $4.58 revenue$1,877,709,000

Q2 revenue $949.2M (+9.8% YoY); GAAP EPS $2.34 vs $1.75; net income $83.9M vs $62.4M.
Adjusted EBITDA $115.9M (12.2% rev) vs $100.2M (11.6% rev) in prior year.
Raises FY2024 revenue guidance to $3.70B-$3.79B (prior $3.65B-$3.79B); EPS guidance to $8.10-$8.60 (prior $7.75-$8.50).
Corporate Finance & Restructuring rev $348M (+9.5%); Adj Segment EBITDA $66.5M (19.1% margin) from $45.5M (14.3%).
Operating cash flow $135.2M vs -$11.0M; no share repurchases; $460.7M buyback remaining.

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