FTI CONSULTING, INC — Form 8-K
Filed July 31, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
FTI reported Q2 2026 record revenues of $993.5M (+5.3% YoY), with adjusted EPS of $2.16 vs. $2.13 prior year. However, GAAP EPS fell to $1.99 from $2.13, driven by $6.6M in extraordinary litigation expenses (Orszag case expansion in May 2026). The company lowered full-year GAAP EPS guidance to $8.70–$9.30 (from $8.90–$9.60) but introduced adjusted EPS guidance of $9.10–$9.70. Repurchased 2.59M shares at $150.84/share for $391M total; $344M remains authorized.
Why this rating
Litigation costs are manageable (~1.5% of Q2 EBITDA) but guidance reduction and margin pressure (10.5% vs. 11.8% adjusted EBITDA margin) are real. Moderate event relative to $4.6B market cap; core business remains sound.
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