The following is a summary of the FTI Consulting, Inc. (FCN) Q1 2024 Earnings Call Transcript:

Financial Performance:

• FTI Consulting reported Q1 2024 revenues of $928.6 million, an increase of 15.1% year-over-year.

• Earnings per share increased by 66.4% to $2.23.

• Operating income increased from $47.5 million in the previous year to $80 million.

• SG&A expenses increased 9.6%, due largely to higher compensation and bad debt.

• The company had an effective tax rate of 19.6%, compared to 24% in the first quarter of '23.

Business Progress:

• All business segments experienced year-over-year growth in Q1 2024.

• The company is planning significant investments over the rest of the year that may impact earnings in 2H 2024 or 2025.

• FTI Consulting expects to add approximately 300 campus hires in the second half of 2024.

• The company is maintaining its guidance following a strong Q1, indicating balanced projections for the rest of the fiscal year.

• The company acknowledged the importance of AI for their business and plans to allocate more resources towards it.

More details: FTI Consulting IR

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