FTI Consulting (FCN) investor relations material

Executive summary

• Record Q3 revenue was $1,012.6M, up 5.9% YoY, with growth across all five segments; net income fell 23.4% to $63.4M.

• Adjusted EBITDA rose 17.7% to $153.7M and adjusted EPS reached $3.84, versus $2.60 a year earlier.

Financial highlights

• Q3 operating income was $89.8M versus $117.7M; diluted EPS was $2.35 versus $2.60.

• Adjusted net income was $103.7M and adjusted diluted EPS was $3.84, versus $82.8M and $2.60 in Q3 2025.

• Q3 results excluded $46.0M of special charges and $4.5M of extraordinary litigation-related expenses from adjusted measures.

• 9M revenue rose 6.8% to $2,989.4M; adjusted EBITDA was $355.0M versus $357.4M, and adjusted EPS was $7.79 versus $7.01.

Outlook and guidance

• FY2026 revenue guidance was reaffirmed at $3.940B–$4.100B; GAAP EPS guidance was lowered to $7.55–$8.05 from $8.70–$9.30.

• FY2026 adjusted EPS guidance increased to $9.50–$10.00 from $9.10–$9.70; the GAAP-to-adjusted gap reflects estimated special charges and litigation expenses.

• Q4 special charges are estimated at $7M; Q3–Q4 staffing actions are expected to generate $80M in annualized savings.

• Q4 adjusted Econ segment EBITDA is expected nearer Q2’s level; Q4 and FY effective tax rates are expected at ~23% and ~22%.