FTI Consulting Inc. (FCN, Financial) filed Quarterly Report for the period ended 2012-06-30.
Fti Consulting, Inc. has a market cap of $1.09 billion; its shares were traded at around $23.28 with a P/E ratio of 10.5 and P/S ratio of 0.7. Fti Consulting, Inc. had an annual average earning growth of 14.2% over the past 10 years. GuruFocus rated Fti Consulting, Inc. the business predictability rank of 3.5-star.
Revenues increased $0.9 million, or 0.5%, to $177.1 million for the six months ended June 30, 2012 from $176.3 million for the six months ended June 30, 2011 with a 0.8% decline from the estimated negative impact of foreign currency translation, which was primarily due to the weakening of the Brazilian real, British pound, and Mexican peso relative to the U.S. dollar. Revenue from the practices acquired from LECG in the first quarter of 2011 was $4.7 million, or 2.7% of segment revenue growth, primarily driven by the disputes and forensic accounting and environmental solution practices in North America. Revenue declined organically $2.5 million, or 1.4%, primarily due to decreases in both consulting hours and lower average billable rates per hour in North America partially offset by growth in our Latin American global risk and investigations practice as well as our global data analytics practice.
SG&A expense increased $2.0 million, or 6.0%, to $35.4 million for the six months ended June 30, 2012 from $33.4 million for the six months ended June 30, 2012. SG&A expense was 20.0% of revenue for the six months ended June 30, 2012, up from 18.9% for the six months ended June 30, 2011. The increase in SG&A expense was due to higher bad debt expense, facilities, and other overhead expenses. Bad debt expense was 1.4% of revenues for the six months ended June 30, 2012 compared to 1.1% for the six months ended June 30, 2011.
SG&A expense increased $5.2 million, or 23.8%, to $27.1 million for the six months ended June 30, 2012 compared to $21.9 million for the six months ended June 30, 2011. SG&A expense was 13.6% of revenue for the six months ended June 30, 2012 compared to 13.0% for the six months ended June 30, 2011. The increase in SG&A expense was due to higher facilities costs, bad debt expense and higher corporate allocations in support of growing operations. Bad debt expense was 1.9% of revenue for the six months ended June 30, 2012 compared to 1.5% of revenue for the six months ended June 30, 2011.
SG&A expense increased by $0.9 million, or 2.9%, to $33.3 million for the six months ended June 30, 2012 from $32.3 million for the six months ended June 30, 2011. SG&A expense was 34.2% of revenue for the six months ended June 30, 2012, up from 29.9% for the six months ended June 30, 2011. The increase in SG&A expense was primarily due to higher facilities and compensation expenses, partially offset by lower legal costs and bad debt expense. Bad debt recoveries were $0.2 million for the six months ended June 30, 2012 compared to bad debt expense of $0.3 million for the six months ended June 30, 2011. Research and development expense for the six months ended June 30, 2012 was $11.9 million, compared to $11.8 million for the six months ended June 30, 2011.
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Fti Consulting, Inc. has a market cap of $1.09 billion; its shares were traded at around $23.28 with a P/E ratio of 10.5 and P/S ratio of 0.7. Fti Consulting, Inc. had an annual average earning growth of 14.2% over the past 10 years. GuruFocus rated Fti Consulting, Inc. the business predictability rank of 3.5-star.
Highlight of Business Operations:
Earnings per diluted share for the three months ended June 30, 2012 were $0.18, which included $26.8 million, or $0.42 per diluted share, of special charges primarily related to staff reductions and leased real estate consolidations and a $4.1 million fair value remeasurement, which impacted earnings per diluted share by $0.10, both described above, compared to $0.36 in the prior year period which included $15.2 million, or $0.21 per diluted share, of special charges. Adjusted EPS, as previously defined, were $0.60, compared to $0.57 in the prior year period due to the impact of the operating results as described in Adjusted EBITDA above.Revenues increased $0.9 million, or 0.5%, to $177.1 million for the six months ended June 30, 2012 from $176.3 million for the six months ended June 30, 2011 with a 0.8% decline from the estimated negative impact of foreign currency translation, which was primarily due to the weakening of the Brazilian real, British pound, and Mexican peso relative to the U.S. dollar. Revenue from the practices acquired from LECG in the first quarter of 2011 was $4.7 million, or 2.7% of segment revenue growth, primarily driven by the disputes and forensic accounting and environmental solution practices in North America. Revenue declined organically $2.5 million, or 1.4%, primarily due to decreases in both consulting hours and lower average billable rates per hour in North America partially offset by growth in our Latin American global risk and investigations practice as well as our global data analytics practice.
SG&A expense increased $2.0 million, or 6.0%, to $35.4 million for the six months ended June 30, 2012 from $33.4 million for the six months ended June 30, 2012. SG&A expense was 20.0% of revenue for the six months ended June 30, 2012, up from 18.9% for the six months ended June 30, 2011. The increase in SG&A expense was due to higher bad debt expense, facilities, and other overhead expenses. Bad debt expense was 1.4% of revenues for the six months ended June 30, 2012 compared to 1.1% for the six months ended June 30, 2011.
SG&A expense increased $5.2 million, or 23.8%, to $27.1 million for the six months ended June 30, 2012 compared to $21.9 million for the six months ended June 30, 2011. SG&A expense was 13.6% of revenue for the six months ended June 30, 2012 compared to 13.0% for the six months ended June 30, 2011. The increase in SG&A expense was due to higher facilities costs, bad debt expense and higher corporate allocations in support of growing operations. Bad debt expense was 1.9% of revenue for the six months ended June 30, 2012 compared to 1.5% of revenue for the six months ended June 30, 2011.
SG&A expense increased by $0.9 million, or 2.9%, to $33.3 million for the six months ended June 30, 2012 from $32.3 million for the six months ended June 30, 2011. SG&A expense was 34.2% of revenue for the six months ended June 30, 2012, up from 29.9% for the six months ended June 30, 2011. The increase in SG&A expense was primarily due to higher facilities and compensation expenses, partially offset by lower legal costs and bad debt expense. Bad debt recoveries were $0.2 million for the six months ended June 30, 2012 compared to bad debt expense of $0.3 million for the six months ended June 30, 2011. Research and development expense for the six months ended June 30, 2012 was $11.9 million, compared to $11.8 million for the six months ended June 30, 2011.
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