Record Performance in Corporate Finance & Restructuring
Corporate Finance & Restructuring achieved record revenue of $379.2 million, a 9% increase, driven by restructuring and transaction services. Adjusted segment EBITDA reached a record $81.7 million, up from $66.5 million in the prior year quarter.
Forensic and Litigation Consulting Success
Forensic and Litigation Consulting (FLC) reported a 10% revenue increase to $186.5 million, with growth driven by higher realized bill rates and strong performance in financial services and cybersecurity practices.
Strategic Communications Growth
Strategic Communications achieved record revenues of $102.7 million, a 20.8% increase, driven by high demand for corporate reputation and financial communication services. Adjusted segment EBITDA increased to $18.5 million, or 18% of segment revenue.
Resilience in Facing Headwinds
Despite significant headwinds, including challenges in Technology and Economic Consulting, FTI Consulting reported strong overall performance with nearly similar revenue and adjusted EBITDA compared to the prior year, which was a record quarter.