FTI Consulting, Inc. has reported its financial results for the second quarter of 2025, revealing a decrease in revenues from $949.2 million in the prior year quarter to $943.7 million in the second quarter of 2025. The company's net income also decreased from $83.9 million in the prior year quarter to $71.7 million in the latest quarter. Adjusted EBITDA stood at $111.6 million, or 11.8% of revenues, compared to $115.9 million, or 12.2% of revenues, in the prior year quarter. Earnings per diluted share (EPS) were reported at $2.13, down from $2.34 in the prior year quarter.
The company's cash and cash equivalents decreased to $152.8 million at the end of the quarter from $226.4 million in the same period last year. Total debt, net of cash, increased to $317.2 million, compared to $(166.4) million in the prior year quarter.
In terms of segment results, the Corporate Finance & Restructuring segment saw an increase in revenues to $379.2 million, up from $348.0 million in the prior year quarter. Forensic and Litigation Consulting segment revenues also increased to $186.5 million, compared to $169.5 million in the prior year quarter. However, the Economic Consulting segment experienced a decrease in revenues to $191.7 million, down from $230.9 million, and the Technology segment saw a decline to $83.6 million from $115.9 million. The Strategic Communications segment reported an increase in revenues to $102.7 million, up from $84.9 million in the prior year quarter.
Looking ahead, the company has updated its full-year 2025 guidance, estimating revenues to range between $3.660 billion and $3.760 billion, with EPS ranging between $7.24 and $7.84, and adjusted EPS ranging between $7.80 and $8.40. This guidance reflects the impact of a first quarter 2025 special charge to align staffing with demand.
FTI Consulting, Inc. is a leading global expert firm with over 7,900 employees in 32 countries and territories. The company generated $3.70 billion in revenues during fiscal year 2024. For more details, the company's financial tables accompanying the press release provide reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures. As a result of these announcements, the company's shares have moved 0.4% on the market, and are now trading at a price of $174.18. For the full picture, make sure to review FTI CONSULTING, INC's 8-K report.