Thu, Apr 24, 11:31 AM (24 days ago)
**FTI Consulting, Inc. (FCN) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $898.3 million, down 3.3% from $928.6 million in Q1 2024. - **Net Income:** $61.8 million, a 22.7% decrease from $79.97 million in Q1 2024. - **Earnings per Share (EPS):** $1.74, down from $2.23 in Q1 2024. - **Adjusted EBITDA:** $115.2 million, a 3.7% increase from $111.1 million in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $465.2 million, a 69.3% increase from $274.8 million in Q1 2024. **Profit Margins:** - **Operating Margin:** 8.8% (Operating Income of $78.7 million / Revenue of $898.3 million). - **Net Margin:** 6.9% (Net Income of $61.8 million / Revenue of $898.3 million). **Segment Performance:** - **Corporate Finance:** Revenue down 6.1%, operating income down 43.1%. - **Forensic and Litigation Consulting (FLC):** Revenue up 8.3%, operating income down 5.8%. - **Economic Consulting:** Revenue down 12.1%, operating income down 6.0%. - **Technology:** Revenue down 3.5%, operating income down 39.7%. - **Strategic Communications:** Revenue up 7.2%, operating income down 24.0%. **Cash Flow and Liquidity:** - **Operating Cash Flow:** Negative $465.2 million, primarily due to increased forgivable loan issuances and higher variable compensation. - **Investing Cash Flow:** Negative $17.8 million, mainly due to capital expenditures. - **Financing Cash Flow:** Negative $32.3 million, primarily due to stock repurchases. - **Cash and Cash Equivalents:** $151.1 million as of March 31, 2025. **Future Operations and Uncertainties:** - **Capital Expenditures:** Expected to be between $50 million and $60 million for the remainder of 2025. - **Share Repurchase Program:** $264.3 million remaining available. - **Debt:** $160.0 million outstanding under the Credit Facility. - **Uncertainties:** Economic, political, and workforce disruptions, including public health crises, could impact business operations and financial results. **Trends and Outlook:** - **Headcount Reductions:** Targeted headcount reductions concluded in Q1 2025. - **Special Charges:** $25.3 million recorded in Q1 2025 related to headcount reductions. - **Forward-Looking Statements:** Management's financial guidance and examination of operating trends are subject to risks and uncertainties.