FTI Consulting Q3 revenue up 3.7% to $926M; EPS down 21% to $1.85; cuts FY2024 guidance

FTI CONSULTING, INC

2024-Q3 EPS reported $6.43 revenue$2,803,728,000

Revenue $926.0M (+3.7% YoY); net income $66.5M vs $83.3M; EPS $1.85 vs $2.34.
Adjusted EBITDA $102.9M (11.1% margin) vs $118.7M (13.3%) in prior year.
Economic Consulting revenue +14.5% to $222.0M; Corporate Finance & Restructuring -1.7% to $341.5M.
FY2024 revenue guidance narrowed to $3.700-3.750B; EPS guidance cut to $7.90-8.35 from $8.10-8.60.
No share repurchases in Q3; cash and equivalents $386.3M vs $201.1M a year ago.

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