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FTI Consulting Reports Record First Quarter 2024 Financial Results

First Quarter 2024 Revenues of $928.6 Million, Up 15% Compared to $806.7 Million in Prior Year Quarter First Quarter 2024 EPS of $2.23, Up 66% Compared…

Michael Webb | April 25, 2024

  • First Quarter 2024 Revenues of $928.6 Million, Up 15% Compared to $806.7 Million in Prior Year Quarter
  • First Quarter 2024 EPS of $2.23, Up 66% Compared to $1.34 in Prior Year Quarter

FTI Consulting, Inc. (NYSE: FCN) has released financial results for the first quarter ended March 31, 2024.

First quarter 2024 revenues of $928.6 million increased $121.8 million, or 15.1%, compared to revenues of $806.7 million in the prior year quarter. The increase in revenues was primarily due to higher demand across all business segments. Net income of $80.0 million compared to $47.5 million in the prior year quarter. The increase in net income was primarily due to higher revenues, a lower effective tax rate and lower FX remeasurement losses compared to the prior year quarter, which was partially offset by an increase in compensation and selling, general and administrative ("SG&A") expenses compared to the prior year quarter. Adjusted EBITDA of $111.1 million, or 12.0% of revenues, compared to $78.4 million, or 9.7% of revenues, in the prior year quarter. First quarter 2024 earnings per diluted share ("EPS") of $2.23 compared to $1.34 in the prior year quarter.

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