Exhibit 99.1 | --- | |---------------------------------| | | | FTI Consulting, Inc. | | 555 12th Street NW | | Washington, DC 20004 | | +1.202.312.9100 | | | | Investor & Media Contact: | | Mollie Hawkes +1.617.747.1791 | FTI Consulting Reports Third Quarter 2024 Financial Results • Third Quarter 2024 Revenues of $926.0 Million, Up 4% Compared to $893.3 Million in Prior Year Quarter • Third Quarter 2024 EPS of $1.85, Down 21% Compared to $2.34 in Prior Year Quarter • Company Updates Revenue and EPS Guidance ...

Financial Data and Key Metrics Changes - Year-on-year revenue growth was only 3.7%, significantly lower than historical averages and expectations [7][19] - Revenue for the quarter was $996 million, an increase of $32.8 million compared to $893.3 million in the prior year quarter [19] - Earnings per share (EPS) declined to $1.85 from $2.34 in the prior year quarter, a decrease of 20.9% [20] - Adjusted EBITDA decreased by 13.3% to $102.9 million, representing 11.1% of revenues compared to 13.3% in the prior year quarter [20] Business Line Data and Key Metrics Changes - Corporate Finance & Restructuring revenues decreased by 1.7% to $341.5 million, primarily due to lower demand for business transformation and strategy services [22] - Forensic & Litigation Consulting (FLC) revenues increased by 1.6% to $168.8 million, driven by higher construction solutions and dispute revenues [24] - Economic Consulting segment revenues increased by 14.5% to $222 million, mainly due to higher demand for M&A-related antitrust services [26] - Technology segment revenues increased by 11.7% to $110.4 million, primarily due to higher demand for M&A-related litigation services [27] - Strategic Communications segment revenues decreased by 4.1% to $83.3 million, attributed to a decline in pass-through revenues [29] Market Data and Key Metrics Changes - The company faced challenges in its Asia businesses, reflecting broader market pressures affecting consulting firms globally [7][8] - The restructuring segment remains strong, with ongoing demand driven by businesses facing credit pressures [38] Company Strategy and Development Direction - The company is focused on making investments in talent acquisition, including 25 senior managing director (SMD) hires in the last six months and over 320 campus hires, marking the largest class ever [10][20] - Management emphasized the importance of building capabilities and remaining relevant to clients, despite short-term revenue fluctuations [16][18] - The company aims to maintain a growth mindset and attract top talent, with a diverse set of businesses to grow regardless of economic cycles [36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the current quarter's performance was weaker than expected but maintained confidence in the long-term trajectory of the company [11][12] - The company expects slower revenue momentum to persist into the fourth quarter, influenced by seasonal business slowdowns and economic conditions [34] - Management reiterated the commitment to continue investing in growth opportunities, despite the current challenges [35] Other Important Information - The effective tax rate for the quarter was 25.1%, up from 22.6% in the prior year quarter, primarily due to unfavorable tax return adjustments [20] - Free cash flow for the quarter was $212.3 million, with net cash provided by operating activities increasing to $219.4 million [31][32] Q&A Session Summary Question: Discussion on restructuring business and outlook - Restructuring remains strong, driven by businesses facing credit pressures and the need for liability management [38] Question: Insights on M&A environment - Availability of credit is spurring transactions, with M&A-related revenues constituting 15% to 20% of total revenues [40] Question: Investments in AI capabilities - The company is actively investing in AI technologies to enhance internal capabilities and client services, focusing on building expertise [42] Question: Headwinds and tailwinds for 2025 - Management refrained from predicting election impacts but emphasized the importance of being positioned to meet client needs regardless of external factors [44] Question: Uses of cash and stock buyback strategy - The company is focused on creating shareholder value through strategic cash use, including potential stock buybacks when market conditions are favorable [46][48] Question: Areas for margin expansion - Revenue growth is essential for margin expansion, with management emphasizing the need to maintain investments in growth areas [49]

FTI Consulting, Inc. Third Quarter 2024 Earnings Conference Call October 24, 2024 2 Cautionary Note About Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, initiatives, projections, prospects, policies, processes and practices, ...

Core Insights - FTI Consulting reported revenue of $926.02 million for the quarter ended September 2024, reflecting a year-over-year increase of 3.7% [1] - The company's EPS was $1.85, down from $2.34 in the same quarter last year, indicating a decline in profitability [1] - Revenue fell short of the Zacks Consensus Estimate of $940.14 million, resulting in a surprise of -1.50% [1] - The EPS also missed the consensus estimate of $2.06, with a surprise of -10.19% [1] Revenue Performance by Segment - Revenue-Generating Headcount: 6,659, exceeding the average estimate of 6,620 [1] - Revenues from Technology: $110.40 million, below the estimated $114.10 million, but up 11.7% year-over-year [1] - Revenues from Strategic Communications: $83.29 million, below the estimated $85.90 million, down 4.1% year-over-year [1] - Revenues from Corporate Finance & Restructuring: $341.51 million, slightly above the estimated $340.30 million, down 1.7% year-over-year [1] - Revenues from Economic Consulting: $222.03 million, exceeding the estimated $220.22 million, up 14.5% year-over-year [1] - Revenues from Forensic and Litigation Consulting: $168.78 million, below the estimated $179.44 million, up 1.6% year-over-year [1] Stock Performance - FTI Consulting shares have returned +0.9% over the past month, compared to the S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

FTI Consulting (FCN) came out with quarterly earnings of $1.85 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $2.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.19%. A quarter ago, it was expected that this business advisory firm would post earnings of $1.96 per share when it actually produced earnings of $2.34, delivering a surprise of 19.39%.Over the last four quarters ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14875 FTI CONSULTING, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 52-1261113 (State or Other Jurisdiction of ...

In its upcoming report, FTI Consulting (FCN) is predicted by Wall Street analysts to post quarterly earnings of $2.06 per share, reflecting a decline of 12% compared to the same period last year. Revenues are forecasted to be $940.14 million, representing a year-over-year increase of 5.3%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...

Core Insights - FTI Consulting, Inc. reported strong second-quarter 2024 results, with earnings per share of $2.34 exceeding the Zacks Consensus Estimate by 19.4% and increasing 33.7% year over year, while total revenues reached $949.2 million, surpassing the consensus mark by 2.1% and growing 9.8% from the previous year [1] Revenue Growth by Segment - Technology revenues rose 18.9% year over year to $115.9 million, driven by increased demand for M&A-related "second request" services, although partially offset by lower demand for investigation services [2] - Economic Consulting revenues increased 14.4% from the year-ago quarter to $230.9 million, supported by higher demand and realized bill rates for M&A-related antitrust and financial economics services, despite lower demand for non-M&A-related antitrust services [3] - Corporate Finance & Restructuring revenues grew 9.5% year over year to $348 million, attributed to higher demand and realized bill rates for business transformation and strategy services, although lower restructuring revenues had a dampening effect [4] - Strategic Communications revenues climbed 2.8% year over year to $84.9 million, primarily due to a $1.7 million increase in pass-through revenues and public affairs revenues, offset by lower corporate reputation revenues [5] - Forensic and Litigation Consulting revenues rose 2.9% year over year to $169.5 million, supported by higher demand for dispute services and increased realized bill rates for construction solutions, despite lower demand for investigation services [6] Margin Expansion - Adjusted EBITDA for the quarter was $115.9 million, reflecting a 15.7% year-over-year increase, with the adjusted EBITDA margin climbing 60 basis points to 12.2% [7] Balance Sheet and Cash Flow - At the end of the quarter, FTI Consulting had cash and cash equivalents of $226.4 million, down from $244 million in the prior quarter, with long-term debt standing at $60 million [8] - The company generated $135.2 million in cash from operating activities during the quarter, with capital expenditures amounting to $10.1 million [8] 2024 Guidance - FTI Consulting has raised its 2024 revenue guidance to a range of $3.7 billion to $3.79 billion, compared to the previous expectation of $3.65 billion to $3.79 billion, while the midpoint of the revised range is slightly lower than the current Zacks Consensus Estimate [9] - The company estimates EPS to range between $8.10 and $8.60, an increase from the prior estimate of $7.75 to $8.50, with the midpoint of the revised range also lower than the current Zacks Consensus Estimate [9]

WASHINGTON, July 31, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced the appointment of Nathan Ramsey as a Senior Managing Director in the Food, Agriculture & Beverage practice within the firm's Corporate Finance & Restructuring segment. "The agriculture industry is experiencing unprecedented global demand while simultaneously trying to make sense of what sustainability means for the future, applying new technologies for food production and navigating geopolitical tensions," said Ke ...

Company Overview - FTI Consulting (FCN) is a global business advisory firm founded in 1982, based in Baltimore, Maryland, providing specialized consulting services across 57 countries with over 7,990 employees [19] - The company serves a significant portion of Fortune 500 companies, FTSE 100 companies, and major financial institutions and law firms, focusing on areas such as Corporate Finance, Forensic Consulting, Strategic Communications, Technology, and Economic Consulting [19] Investment Ratings - FCN holds a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [11] - The Zacks Consensus Estimate for FCN's fiscal 2024 earnings has increased by $0.26 to $8.48 per share, with two analysts revising their earnings estimates upwards in the last 60 days [12] Performance Metrics - FCN has demonstrated an average earnings surprise of 29.6%, showcasing its ability to exceed earnings expectations [12] - The stock has a Momentum Style Score of A, with shares increasing by 5.8% over the past four weeks, indicating strong upward momentum [20] Investment Strategy - The Zacks Rank and Style Scores are designed to help investors identify stocks with the best chances of outperforming the market, with a focus on stocks rated 1 or 2 and Style Scores of A or B for optimal investment potential [8][18]