FTI Consulting shares rise 2% as third quarter results beat expectations

WASHINGTON - FTI Consulting, Inc. (NYSE:FCN) reported record third quarter financial results that exceeded analyst expectations on Thursday, driven by strong performance in its restructuring and litigation consulting businesses.

The global consulting firm’s shares gained 2.06% in pre-market trading after the release.

The company reported third quarter earnings per share of $2.60, significantly beating the analyst estimate of $1.99. Revenue reached a record $956.2 million, surpassing the consensus estimate of $945.11 million and representing a 3.3% increase from $926.0 million in the same quarter last year.

The revenue growth was primarily fueled by record quarterly performance in the Corporate Finance & Restructuring segment, which saw an 18.6% increase to $404.9 million, and the Forensic and Litigation Consulting segment, which grew 15.4% to $194.7 million. These gains were partially offset by declines in the Economic Consulting and Technology segments.

"Notwithstanding major headwinds in a couple of our businesses, we delivered, yet again, record revenues and earnings this quarter," said Steven H. Gunby, CEO and Chairman of FTI Consulting. "These tremendous results, to me, confirm once again the power of our team and the strength of our continued commitment to invest behind great professionals."

The company’s net income rose 41% to $82.8 million compared to $66.5 million in the prior year quarter, benefiting from higher revenues, lower selling, general and administrative expenses, and favorable foreign currency effects.

FTI Consulting updated its full-year 2025 guidance, now expecting revenue between $3.685 billion and $3.735 billion, and adjusted earnings per share in the range of $8.20 to $8.70, above the analyst consensus of $8.19.

During the quarter, the company repurchased approximately 1.43 million shares of its common stock at an average price of $164.18 per share, totaling $234.1 million. The Board of Directors also authorized an additional $500 million for share repurchases.

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