FTI Consulting's (FCN) CEO Steve Gunby on Q1 2018 Results - Earnings Call Transcript

4/29/18

Steve Gunby: Thank you, Mollie. And good morning, and thank you all for joining us. I’m guessing many of you have had a chance to look at the results for the quarter this morning. If you haven’t, the word I use for them is spectacular.

We delivered record revenues, with revenues increasing 11.5% year-over-year, with almost all of that growth being organic. That level of organic growth is the highest the company has seen recently by far and I think the highest growth we’ve ever seen in a quarter where we didn’t have a market room driving results. That revenue results, that revenue growth translated, not surprisingly into record EPS, both GAAP EPS and adjusted EPS, each of which totaled $1.04 per share in this quarter. To put that into context, that’s roughly triple our GAAP and adjusted EPS of the admittedly weak first quarter of a year ago. So the numbers this quarter are terrific, and I’m going to let Ajay spend a fair amount of time taking you through them in a little bit more detail. But before that, Ajay thought, and I agree, that it might be useful for me to share a few perspectives on what we take away from quarters like this beyond terrific results.

READ FULL ARTICLE HERE