secwatch.observer — SEC 8-K summary
======================================

Issuer:     FTI CONSULTING, INC (FCN)
CIK:        0000887936
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001193125-25-096945
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTI Consulting Q1 revenue down 3% to $898M; EPS $1.74 vs $2.23; repurchase authorization boosted by $400M
--------------------------------------------------------------------------------

- Revenue $898.3M, down 3.3% YoY; net income $61.8M vs $80.0M; EPS $1.74 ($2.29 adjusted) vs $2.23 prior.
- Special charge $25.3M from severance (~5% staff cut); combined Q4 2024 charge $33.5M; expects $85M annualized savings.
- Corporate Finance & Restructuring revenue fell 6.1% to $343.6M; Economic Consulting down 12.1% to $179.9M.
- Board authorized additional $400M share repurchase; total authorization $1.7B; $568.3M remaining as of Apr 22.
- Adjusted EBITDA margin improved to 12.8% from 12.0%; cash used in ops $465.2M due to bonus, buybacks, forgivable loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887936/000119312525096945/0001193125-25-096945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887936/000119312525096945/d942621d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-096945

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer