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7/8/26 , 9:14 AM Press Releases View printer - friendly version FTI Consulting Reports Second Quarter 2021 Financial Results | FTI Consulting , Inc. Back Investor Relations Contacts Mollie Hawkes Head of Marketing , Communications & Investor Relations +1 617-747-1791 FTI Consulting Reports Second Quarter 2021 Financial Results • Second Quarter 2021 Revenues of $ 711.5 Million , Up 17.0 % Compared to $ 607.9 Million in Prior Year Quarter Second Quarter 2021 EPS of $ 1.77 , Up 39.4 % Compared to $ 1.27 in Prior Year Quarter ; Second Quarter 2021 Adjusted EPS of $ 1.74 , Up 31.8 % Compared to $ 1.32 in Prior Year Quarter • Company Raises Full Year 2021 Guidance Ranges for Revenues and EPS and Raises Lower End of Guidance Range for Full Year 2021 Adjusted EPS Megan McLaughlin Hawkins Senior Director , Investor Relations & Communications +1 617-747-1740 WASHINGTON , July 29 , 2021 ( GLOBE NEWSWIRE ) -- FTI Consulting , Inc. ( NYSE : FCN ) today released financial results for the quarter ended June 30 , 2021 . Second quarter 2021 revenues of $ 711.5 million increased $ 103.6 million , or 17.0 % , compared to revenues of $ 607.9 million in the prior year quarter . Excluding the estimated positive impact from foreign currency translation ( " FX " ) , revenues increased $ 78.9 million , or 13.0 % , compared to the prior year quarter . Acquisition - related revenues contributed $ 19.1 million in the quarter . Excluding the estimated positive impact of FX and acquisition - related revenues , revenues increased $ 59.8 million , or 9.8 % , compared to the prior year quarter , primarily due to higher demand in the Forensic and Litigation Consulting , Technology and Economic Consulting segments . Net income of $ 62.8 million compared to $ 48.2 million in the prior year quarter . The increase in net income was primarily due to higher operating profits in the Forensic and Litigation Consulting , Technology and Economic Consulting segments , which was partially offset by lower operating profits in the Corporate Finance & Restructuring segment compared to the prior year quarter . Adjusted EBITDA of $ 92.3 million , or 13.0 % of revenues , compared to $ 75.8 million , or 12.5 % of revenues , in the prior year quarter . The increase in Adjusted EBITDA was due to higher revenues , which was partially offset by higher compensation , primarily related to a 10.1 % increase in billable headcount and higher variable compensation , as well as an increase in selling , general and administrative ( " SG & A " ) expenses compared to the prior year quarter . Second quarter 2021 diluted earnings per share ( " EPS " ) of $ 1.77 compared to $ 1.27 in the prior year quarter . Second quarter 2021 EPS included a $ 3.1 million fair value remeasurement of acquisition - related contingent consideration , which increased EPS by $ 0.09 and $ 2.4 million of non - cash interest expense related to the Company's 2.0 % convertible senior notes due 2023 ( " 2023 Convertible Notes " ) , which decreased EPS by $ 0.06 . Second quarter 2021 Adjusted EPS of $ 1.74 , which excludes the fair value remeasurement and non - cash interest expense , compared to Adjusted EPS of $ 1.32 in the prior year quarter . Steven H. Gunby , President and Chief Executive Officer of FTI Consulting , commented , " Our continued strong results reflect our multi - year commitment to attract , develop and support the best professionals and thereby invest behind our leading positions and emerging adjacencies . That powerful trajectory leaves me ever more convinced of our ability going forward to help our clients with an ever - increasing share of their most significant challenges and opportunities . " Cash Position and Capital Allocation Net cash provided by operating activities of $ 125.6 million for the quarter ended June 30 , 2021 compared to $ 153.0 million for the quarter ended June 30 , 2020. The year - over - year decrease in net cash provided by https://ir.fticonsulting.com/news-releases/news-release-details/fti-consulting-reports-second-quarter-2021-financial-results 1/13