NYSE$FCN

FTI Consulting Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

FTI Consulting's Q2 2024 performance reflected revenue growth and increased profitability.

FTI Consulting reported a revenue increase of 9.8% compared to Q2 2023, reaching $949.16 million. Net income rose by 34.5% to $83.95 million, with earnings per diluted share increasing by 33.7% to $2.34. Adjusted EBITDA increased by 15.7% to $115.92 million, and the adjusted EBITDA margin improved to 12.2%.

  • Revenues increased by 9.8% to $949.16 million compared to Q2 2023.
  • Net income increased by 34.5% to $83.95 million compared to Q2 2023.
  • Earnings per diluted share increased by 33.7% to $2.34 compared to Q2 2023.
  • Adjusted EBITDA increased by 15.7% to $115.92 million compared to Q2 2023.

Headline financials

Total Revenue

$949M

Previous: $865M+9.8%
EPS

$2.34

Previous: $1.75+33.7%
Billable Headcount

6.3K

No prior period
Capital Expenditures

-$14.7M

Previous: -$29M+49.4%
Free Cash Flow

$69.2M

Previous: $33.4M+107.5%
Net Income

$83.9M

Previous: $62.4M+34.5%
Operating Income

$104M

Previous: $88.7M+17.3%
Gross Profit

$311M

Previous: $276M+12.6%
Cash & Equivalents

$226M

Previous: $204M+11.2%
Total Assets

$3.36B

Previous: $3.25B+3.4%
Stock-Based Comp

$9.29M

Previous: $7.54M+23.2%

Revenue & EPS history

FTI Consulting · Revenue · Quarterly

$949M

Q2 2024+9.8%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

FTI Consulting · $893M total across 5 segments · Q3 2023

  • Corporate Finance
    $347M+23.2%
  • Economic Consulting
    $194M+0.3%
  • Forensic & Litigation
    $166M+15.9%
  • Technology
    $98.8M+16.4%
  • Strategic Communications
    $86.9M+19.9%

Forward guidance

No specific forward guidance was provided in the document.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.4%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+17.4%

Q3 2023

Best reaction

-22.5%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%-6.9%-14.7%
Q4 2025+5.1%+4.0%+6.5%
Q3 2025-1.4%+9.2%+5.3%
Q1 2025-3.9%-2.5%-1.0%
Q4 2024-14.3%+0.7%-1.5%
Q3 2024-13.3%-12.4%-12.0%
Q2 2024-2.2%-3.0%-2.9%
Q1 2024-1.1%+0.0%+3.3%
Q4 2023+13.7%-3.1%-7.0%
Q3 2023+17.4%+15.4%+20.6%
Q2 2023-10.0%-8.8%-4.6%
Q1 2023-9.0%-9.5%-4.9%
Q4 2022+12.1%+1.4%+7.0%
Q3 2022-12.6%-12.9%-1.6%
Q2 2022-10.1%-11.3%-11.1%
Q1 2022-0.2%-1.9%+5.7%
Q4 2021+6.0%+5.8%+6.7%
Q3 2021+1.0%+3.0%+2.9%
Q2 2021+3.8%+3.5%-0.6%
Q1 2021-1.9%+0.5%-2.9%
Q4 2020+4.2%+2.9%+19.8%
Q3 2020-10.5%-9.3%-4.6%
Q2 2020+7.7%+10.3%+5.5%
Q1 2020-6.1%-5.8%-9.5%
Q4 2019-2.2%+4.9%+4.3%
Q3 2019+0.0%-0.9%-1.4%
Q2 2019+8.9%+11.5%+10.3%
Q1 2019+8.1%+7.8%+3.2%
Q4 2018+9.9%-2.7%+2.4%
Q3 2018+3.8%+5.5%+0.1%
Q2 2018+10.8%+15.9%+9.9%
Q1 2018+8.8%+15.1%+21.8%
Q4 2017+11.8%+1.5%-0.4%
Q3 2017+16.0%+17.0%+14.3%
Q2 2017-0.2%-0.7%+0.3%
Q1 2017-17.8%-16.4%-17.9%
Q4 2016+1.8%+0.3%+2.3%
Q3 2016-11.4%-9.6%-1.0%
Q2 2016-2.3%-1.3%+1.9%
Q1 2016+16.3%
Q4 2015-0.4%
Q3 2015-22.5%
Q2 2015-0.5%
Q1 2015+4.2%
Q4 2014-1.8%
Q3 2014+6.3%
Q2 2014+0.3%
Q1 2014-8.6%
Q4 2013-18.6%
Q3 2013+7.3%
Q2 2013-11.2%
Q1 2013+0.5%
Q4 2012-5.0%
Q3 2012+4.5%
Q2 2012-8.8%
Q1 2012-9.3%
Q1 2010-3.4%
Q4 2011-3.4%
Q3 2009-3.4%
Q4 2010-2.5%
Q3 2011-2.5%
Q2 2011-3.1%
Q1 2011+2.9%
Q4 2008-0.5%
Q3 2010-3.4%
Q2 2010+3.0%
Q4 2009+3.0%
Q2 2009+3.0%

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