FTI Consulting Reports Record 2024 Revenues Amid Challenges

FTI Consulting ( (FCN) ) has released its Q4 earnings. Here is a breakdown of the information FTI Consulting presented to its investors.

FTI Consulting, Inc. is a global expert firm dedicated to helping organizations manage crises and transformations, operating primarily in the consulting sector with a presence in 34 countries. The company has released its financial results for the fourth quarter and full year 2024, highlighting record revenues and earnings per share despite facing several headwinds.

The firm reported a record full-year 2024 revenue of $3.699 billion, marking a 6% increase from the previous year. The full-year earnings per share (EPS) were recorded at $7.81, compared to $7.71 for the previous year. However, the fourth quarter saw a decrease in revenue to $894.9 million from $924.7 million in the previous year quarter, with EPS dropping from $2.28 to $1.38. The revenue growth was driven by increases across all business segments, although the fourth quarter faced challenges due to decreased demand in certain segments.

Key performance metrics indicate that while the Corporate Finance & Restructuring and Technology segments experienced a decline in demand, the Forensic and Litigation Consulting segment saw a rise in revenue. The company also managed to significantly increase its cash position by the end of 2024, which was reflected in its ability to repurchase shares and maintain no outstanding debt. Despite decreased quarterly earnings, the company achieved a $395.1 million net cash flow from operating activities for the year.

Looking forward, FTI Consulting has introduced its 2025 guidance, projecting revenues between $3.660 billion and $3.810 billion, with EPS expected to range from $7.44 to $8.24. The company acknowledges persistent headwinds but remains confident in its long-term growth trajectory.