FCN
FTI Consulting, Inc.170.87
+0.28+0.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
ECon ramp slow, AI boosts demand
Q&A largely reaffirmed prepared remarks on 2025's record results despite ECon and Tech headwinds, adding color without contradictions. CEO Gunby detailed Economic Consulting's slow ramp, blaming academics' tepid business development in U.S. antitrust while U.S. finance held up and Europe rebounds. AI tailwinds surfaced prominently: FLC wins compliance audits for fintech AI models, plus disputes over content ownership, bias, and privacy. Capital deployment remains opportunistic buybacks when shares misprice, backed by tiny net debt. ECon bottom elusive. Investors eye H1 2026 comps and talent productivity.
Key Stats
Market Cap
5.53BP/E (TTM)
21.88Basic EPS (TTM)
7.81Dividend Yield
0%Recent Filings
8-K
Nam named FTI CFO
8-K
Record revenues, EPS growth
FTI Consulting posted record Q4 revenues of $990.7M, up 11% from prior year, driven by 26% Corporate Finance growth despite Economic Consulting's 15% drop from antitrust weakness. Full-year revenues hit $3.79B, with Adjusted EPS at $8.83, up 11%. Guides 2026 revenues to $3.94B-$4.1B, EPS $8.90-$9.60. Resilience shines through headwinds.
10-K
FY2025 results
FTI Consulting posted FY2025 revenues of $3.79B, up 2.4% y/y, with Corporate Finance surging 11.5% to $1.55B on stronger turnaround & restructuring and transactions demand, while Economic Consulting dropped 16.5% to $721M amid softer antitrust work. Adjusted EBITDA climbed 14.8% to $464M (12.2% margin) despite $25M special charges for headcount cuts across segments; Q4 momentum showed in Corporate Finance and FLC gross margins expanding to 34.6% and 35.8%. Free cash flow slowed to $94M after $859M buybacks retired 5.3M shares, leaving $492M authorized; $365M revolver debt at year-end. Headcount trimmed 3% to 8,118. Antitrust scrutiny slowdowns threaten quarterly momentum.
8-K
CEO extension, HR transition
FTI Consulting extended CEO Steven Gunby's employment through June 6, 2029, with $1M base salary and target bonus up to 200% of base. Board appointed Ulrike Rabl as Chief Human Resources Officer effective January 1, 2026, succeeding Holly Paul, who shifts to senior advisor at $500/hour through March 31, 2028. Leadership continuity secured. Smooth transition underway.
8-K
Guarantees London office leases
FTI Consulting guaranteed its UK subsidiary's leases for ~80,664 sq ft at One Exchange Square, London, possession targeted September 25, 2027, with a 15-year term and break at year 10. Rent abates first 16.5 months, then totals ~$115M over term (or $145M if expanded). Rent reviews every 5 years could hike costs. Long-term London commitment locks in prime space.
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