FCN Shareholder/Stockholder Letter Transcript:
2023
Annual Report
AN FTI CONSULTING REPORT PUBLISHED 00/00/2022
Headline is set in Source
Sans Pro Regular 33/34pt
2 4 FTIFTI
Consulting,
Consulting,
Inc.Inc.
2023
2023
ANNUAL
ANNUAL
REPORT
REPORT
A letter from Our
President and Chief
Executive Officer
Dear Fellow Shareholders,
2023 marked yet another year of growth for FTI Consulting.
We once again achieved record company revenues and
record Adjusted EBITDA and had our ninth consecutive
year of growth in Adjusted Earnings per Share.
More important, we continued to attract great professionals
and support their development, which, in turn, continues
to enhance our ability to deliver for our clients as they face
their greatest opportunities and challenges.
Our multi-year success in attracting and developing
that sort of talent, with their intense commitment to
making a difference for our clients, leaves me both
incredibly proud of the platform we have built and
bullish about where we can continue to take this
company moving forward.
Thank you for your support I continue to believe our
brightest days are ahead.
STEVEN H. GUNBY
President and Chief Executive Officer
1
FTI Consulting, Inc.
2023 ANNUAL REPORT
2023 ANNUAL REPORT
FTI Consulting, Inc.
13
42
FTI Consulting, Inc.
2023 ANNUAL REPORT
2023 Business Highlights
(1)
$3.5 Billion
37%
Record global revenues of
$3.5 billion, reflecting 15%
growth compared with 2022.
Revenues outside of the U.S.
represented 37% of company
revenues in 2023.
$7.71
$611.9 Million
Record Earnings per Diluted
Share ( EPS ) and Adjusted
EPS (1) of $7.71.
Returned $611.9 million to
shareholders through share
repurchases since 2019.
$274.9 Million
$424.8 Million
Net Income of $274.9 million,
reflecting a 17% increase
compared with 2022.
Record Adjusted EBITDA (1) of
$424.8 million, reflecting 19%
growth compared with 2022.
Please refer to pages 18 through 22 of this Annu
nual
al Report for the def
d initions
ns of Adj
Adjust
usted
ed EPS
EPS,, Adju
Adjuste
sted EBITD
DA and other non-GAAP financial measures and
the
he re
recon
co cil
con
ciliat
i ionss of non-GAAP financial measurres to the mo
ost dir
direct
ectly
ly com
compar
parabl
ablee GAAP
GAAP fi
finan
nancia
ciall mea
easur
eas
urres.
2023 ANNUAL REPORT
FTI Consulting, Inc.
35
4/19/2024 Letter Continued (Full PDF)