FTI Consulting Inc
FCN
ISIN US3029411093 / Valor 923409
FTI Consulting Inc
UMushroom community rating:
About company
FTI Consulting Inc. is a global business advisory firm that specializes in assisting organizations through various challenges including financial, legal, operational, political and regulatory, reputational, and transactional issues. Established with a workforce of over 8,000 employees spread across 31 countries, the company aims to provide comprehensive support to its clients, helping them navigate complex business landscapes, manage change effectively, mitigate risks, and resolve disputes. FTI Consulting is committed to fostering sustainable, profitable growth and enhancing shareholder value through a strategic focus on strengthening its platform, supporting key business areas, and developing core capabilities. Additionally, the firm includes FTI Technology as a segment, which operates under distinct legal entities in specific jurisdictions such as the U.S. and Australia, indicating a diversified approach to its service offerings and operational structure.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (23.12.2024):
Revenue Growth
FTI Consulting Inc. reported third quarter 2024 revenues of $926.0 million, marking a 3.7% increase compared to $893.3 million in the same quarter of the previous year. This growth was primarily driven by higher demand and realized bill rates in the Economic Consulting segment and increased demand in the Technology segment.
Earnings Per Share
The company's earnings per diluted share (EPS) for the third quarter of 2024 were $1.85, a decrease of 21% from $2.34 in the prior year quarter. This decline was attributed to increased compensation and SG&A expenses, as well as a foreign currency remeasurement loss.
Net Income
FTI Consulting Inc. reported a net income of $66.5 million for the third quarter of 2024, down from $83.3 million in the same quarter of the previous year. The decrease in net income was primarily due to higher expenses, which offset the revenue increase.
Cash Flow and Debt
The company generated $219.4 million in net cash from operating activities during the third quarter of 2024, compared to $106.7 million in the prior year quarter. As of September 30, 2024, FTI Consulting Inc. had cash and cash equivalents of $386.3 million, with total debt, net of cash and short-term investments, at ($386.3) million.
2024 Outlook
FTI Consulting Inc. updated its full-year 2024 guidance, estimating revenues to range between $3.700 billion and $3.750 billion, slightly narrowing the previous range. The company also adjusted its EPS guidance to between $7.90 and $8.35, down from the prior range of $8.10 to $8.60.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6953 M
Market cap (USD)
43,863
Daily traded volume (Shares)
195.12 / 191.59
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
