FTI Consulting: revenue up 5.9% to $1.013 billion, profit down 23.4%

what happened

TradingView's summary of the 10-Q filing shows FTI Consulting's third-quarter revenue reached $1.013 billion, up 5.9% from $956.2 million a year earlier. Every one of the five business units expanded sales. Profit moved the other way: net income dropped 23.4% to $63.4 million, and diluted earnings per share fell 9.6% to $2.35, due to one-off charges and higher expenses.

By segment, Technology revenue grew 9.7%, Strategic Communications rose 12.5%, and Economic Consulting climbed 9.3%, helped by stronger antitrust demand. Corporate Finance added 4.8% on success fees and higher bill rates, though weaker turnaround and deal work held back part of that gain. Headcount stood at 8,281, up 2.0% from the start of the year, even as the firm keeps trimming staff to match demand.

The company expects around $7 million in fourth-quarter charges linked to targeted staff reductions and real estate costs.

why it matters

For investors the picture is mixed: sales are rising in every segment, but profit is under pressure from one-time costs and higher expenses. The expected fourth-quarter charge means restructuring costs will still show up in results before the year ends.

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