FTI Consulting's CEO Steven Gunby on Q4 2017 Results - Earnings Call Transcript

2/25/18

By Seeking Alpha

FTI Consulting, Inc. (FCN) today released its financial results for the fourth quarter and full year ended December 31, 2017.

Full Year 2017 Results

  • Revenues of $1.808 billion were down 0.1% compared to the prior year
  • Net income of $108.0 million was up 26.2% compared to the prior year
  • Adjusted EBITDA of $192.0 million was down 5.4% compared to the prior year
  • Fully diluted EPS of $2.75 was up 34.1% compared to the prior year
  • Adjusted EPS of $2.32 was up 3.6% compared to the prior year
  • $168.0 million returned through share repurchases during full year 2017

Commenting on these results, Steven H. Gunby, President and Chief Executive Officer of FTI Consulting, said, “We are, of course, pleased with our very strong results in both the third and fourth quarters. These results reflect, in part, actions we took earlier in the year, but more fundamentally, they reflect the deep focus that our professionals have on helping our clients successfully navigate the largest and most significant issues they face.”

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