The earnings call presented a mixed picture, with strong revenue and net income growth in the first half of 2024 but challenges in the second half, particularly in the economic consulting segment due to senior departures. The overall sentiment is tempered by these headwinds and increased expenses, suggesting a cautious outlook for 2025.
Company Guidance
During the FTI Consulting Fourth Quarter and Full Year 2024 Earnings Conference Call, the company's management provided guidance for 2025, highlighting several challenges and metrics. Revenues for 2024 were reported at $3.7 billion, a 6% increase from 2023. However, management noted a slowdown in the second half of 2024, with fourth-quarter revenues declining by 3.2% year-over-year. The company's adjusted EBITDA for 2024 was $403.7 million or 10.9% of revenues, down from $424.8 million or 12.2% of revenues in 2023. For 2025, FTI Consulting provided a revenue guidance range of $3.66 billion to $3.81 billion and GAAP EPS guidance between $7.44 and $8.24. Adjusted EPS is expected to be between $7.80 and $8.60. Key headwinds include senior departures in the US competition segment of the Compass Lexicon subsidiary, a higher effective tax rate ranging from 23% to 25%, and continued investment in talent. The company expects these factors to result in reduced revenue and profitability, especially in the economic consulting segment. Despite these challenges, FTI Consulting remains optimistic about its long-term growth trajectory.
Record Revenue Growth for 2024
FTI Consulting reported record revenues for the tenth consecutive year, with a growth of 6% reaching $3.7 billion compared to $3.49 billion in 2023.
Strong First Half Performance
Revenues in the first half of 2024 were up 12%, and EPS grew 48% compared to the first half of 2023.
Net Income Growth
Despite challenges, net income grew to $280.1 million from $274.9 million in 2023, aided by a lower tax rate and FX remeasurement gains.
Free Cash Flow Increase
Generated free cash flow of $360.2 million in 2024, compared to $174.9 million in 2023, showing significant improvement.
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FTI Consulting (FCN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FCN Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 20, 2025
$190.16
$162.99
-14.29%
Oct 24, 2024
$229.50
$201.38
-12.25%
Jul 25, 2024
$230.49
$225.64
-2.10%
Apr 25, 2024
$213.74
$215.31
+0.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FTI Consulting (FCN) report earnings?
FTI Consulting (FCN) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is FTI Consulting (FCN) earnings time?
FTI Consulting (FCN) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.