FTI Consulting, Inc. Reports Third Quarter 2008 Results

    - Revenues Increase 29% to $325.5 Million; Organic Growth 14%

    - Net Income Increases 20% to $27.5 Million, $0.51 Per Share

    - Technology IPO Delayed Due to Market Conditions

    - Guidance Revised

WEST PALM BEACH, Fla., Nov. 5 /PRNewswire-FirstCall/ -- FTI Consulting (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today reported its financial results for the third quarter and nine months ended September 30, 2008.

Third Quarter Results

    For the third quarter of 2008, revenue increased 28.5 percent to $325.5
million compared to $253.3 million in the prior year period. Net income
increased 20 percent to $27.5 million compared to $23.0 million in the prior
year period. Diluted earnings per common share increased to $0.51 compared to
$0.50 in the prior year period despite a 19.4 percent increase in weighted
average shares outstanding.  Operating income before depreciation and
amortization of intangible assets (plus non-operating litigation settlements)
("EBITDA") increased 16.7 percent to $66.0 million compared to $56.6 million
in the prior year period. The EBITDA margin was 20.3 percent of revenue
compared to 22.3 percent of revenue in the prior year period.

    Commenting on the quarter, Jack Dunn, FTI's president and chief executive
officer, said, "In one of the most volatile and tumultuous periods in business
history, we generated 29 percent revenue growth.  We achieved 14 percent
organic revenue growth and all our segments experienced positive year over
year revenue comparisons. Net income increased by 20 percent and our financial
condition and liquidity were strong.  Our growth was spearheaded by our
industry-leading Corporate Finance/Restructuring segment, as it experienced
strong and increasing demand from the broadening range of industries
contending with the impact of the global credit crisis. We also saw excellent
performance from Economic Consulting, which was active across the board with
strategic M&A assignments, industry consolidations, antitrust litigation,
stockholder class actions, contractual disputes and securities cases, many of
which are arising from the financial crisis."

    Mr. Dunn continued, "While FTI generally profits from market change and
volatility, the unprecedented volatility of the capital markets and the
breakdown of confidence in the financial system caused a temporary but sharp
slowdown in business decision-making and regulatory activity, even for mission
critical initiatives, as organizations attempted to evaluate the effect of the
accelerating credit crisis on their operations. This environment had a
significant negative effect on our results in the quarter, exacerbated by the
bankruptcy and/or merger of some of our significant financial services clients
causing us to postpone or in some cases cancel projects. By mid-September, our
business started to rebound as our professionals were called upon to help
provide advice and direction out of this global financial crisis.  This
momentum is continuing and we believe the ongoing issues and problems facing
companies around the world provide the foundation for improved results
beginning in the fourth quarter."

Despite this difficult environment, the Company generated $52 million of operating cash flow during the third quarter compared to $32 million in the prior year period. Cash balances at the end of the quarter totaled $146 million with total debt outstanding of $568.5 million and no amounts outstanding under the Company's line of credit.

    As of September 30, 2008, total headcount was 3,405, of which 2,664
represented revenue-generating professionals.  Utilization of
revenue-generating personnel and average rate per hour metrics are presented
in the accompanying tables for those business segments for which the metrics
continue to be relevant.

Third Quarter Business Segment Results

Corporate Finance/Restructuring

    Revenue in the Corporate Finance/Restructuring segment increased 46.0
percent to $91.8 million from $62.9 million in the prior year period.  Segment
EBITDA increased 44.1 percent to $25.5 million, or 27.7 percent of segment
revenue, compared to $17.7 million, or 28.1 percent of segment revenue, in the
prior year period. Organic growth for the segment's core bankruptcy and
restructuring related services was strong at 29.3 percent. Demand came
primarily from industries impacted by the global credit crisis such as
financial services, retail, real estate, homebuilding, construction,
automotive and manufacturing. The Corporate Finance practice in the U.K.,
which was newly formed last year, continued to grow rapidly and has increased
headcount in response to strong demand for restructuring services. The core
restructuring business saw margins expand 50 basis points even with the ramp
up time for approximately 60 new hires who were in the process of being
trained and deployed on engagements during the quarter.  The segment's overall
margin was reduced slightly by its recently acquired real estate advisory
business, the Schonbraun McCann Group ("SMG").  SMG faced a challenging
operating environment, as evidenced by a 60 percent decline in commercial real
estate transactions in the New York market, but still generated an EBITDA
margin in excess of 20 percent.

Forensic and Litigation Consulting

    Revenue in the Forensic and Litigation Consulting segment increased 20.4
percent to $65.8 million from $54.6 million in the prior year period.  Segment
EBITDA increased 2.7 percent to $14.9 million, or 22.7 percent of segment
revenue, from $14.5 million, or 26.6 percent of segment revenue, in the prior
year period.  Revenue in the quarter included a contribution of $10.3 million
from several acquisitions that closed earlier in the year as well as modest
organic growth in the core business.  Overall demand and utilization were soft
during the quarter reflecting the continued lack of large cases in the U.S.
investigative and damages arenas. Many of the big cases that have occurred as
a result of the recent financial turmoil are still in the strategic phase and
have yet to enter the next phase involving forensic accounting. Demand was
strong in regulated industries such as insurance, healthcare and
pharmaceuticals, and in the segment's areas of domain expertise in
construction and intellectual property. In our experience, the periods
immediately prior to Presidential elections have typically seen such soft
demand.

Economic Consulting

    Revenue in the Economic Consulting segment increased 22.9 percent to $56.4
million from $45.9 million in the prior year period.  All of this growth was
organic. Segment EBITDA increased 29.7 percent to $15.8 million, or 27.9
percent of segment revenue, from $12.1 million, or 26.5 percent of segment
revenue, in the prior year period. Growth in the quarter was driven by the
continuing demand for strategic M&A advice plus a significant number of
dispute and litigation cases arising from the credit crisis.  Momentum has
begun to build for stockholder class actions and other economic engagements
arising out of the turmoil in the financial markets, and for traditional
antitrust litigation in areas such as price fixing and other types of
collusive behavior as companies seek to mitigate pressures from an
increasingly hostile economic climate.

Strategic Communications

    Revenue in the Strategic Communications segment increased 24.3 percent to
$56.1 million from $45.1 million in the prior year period. Segment EBITDA
increased 12.4 percent to $13.2 million, or 23.5 percent of segment revenue,
from $11.8 million, or 26.1 percent of revenue, in the prior year period. The
revenue increase was principally due to the contribution of $7.9 million from
businesses acquired over the past year as well as organic growth, partially
offset by the estimated negative impact of $1.5 million of foreign currency
translation adjustments, which was primarily due to the weakening British
Pound against the U.S. Dollar. Excluding the estimated impacts of foreign
currency translation in the quarter, revenues would have increased by 27
percent compared to the prior year period.  The segment's geographic and
practice diversification over the past several years has reduced its
dependence on capital markets activity in the core U.K. and U.S. markets.
Therefore, while equity capital markets and M&A activity was significantly
lower than in the prior year period, the segment experienced good growth in
financial crisis management assignments, increased revenue from retained
clients in the U.K. and U.S., and continued strong performances in Asia,
Australia and the Middle East. Margins were affected by the lower proportion
of highly profitable M&A activity in the revenue mix and a charge related to a
potential settlement of a claim arising prior to the acquisition of the
segment.

Technology

    Revenue in the Technology segment in the third quarter increased 23.6
percent to $55.4 million from $44.8 million in the prior year period.  Segment
EBITDA was $15.4 million, or 27.8 percent of segment revenue, compared to
$18.6 million, or 41.5 percent of segment revenue, in the prior year period.
Segment revenue growth in the quarter was driven principally by contributions
of $8.6 million from acquired businesses plus organic growth from large
matters in the pharmaceutical and financial services industries. During the
quarter the segment lost several large prospective engagements due to
bankruptcy and mergers, which resulted in lower than expected revenues for the
segment.  The decrease in the EBITDA margin was caused by a significant
increase in selling, general and administrative expenses and the impact of
more aggressive pricing of the segment's Software-as-a-Service offering.
Increased SG&A was related to significant planned investments in research and
development to combine the Ringtail and Attenex platforms. We would expect to
continue such investments for the remainder of this year and into early 2009,
culminating with the launch of a new combined offering during the first
quarter. In addition, the increase in SG&A expense was caused by the hiring of
additional sales and marketing personnel and development activities in
anticipation of the segment becoming an independent, stand-alone company.
Finally, the segment incurred certain costs associated with the acquisition
and integration of Attenex. In the third quarter the Company also reclassified
$4.9 million of expenses into SG&A which had previously been included in
direct costs for the first half of 2008. The combination of the two leading
technology offerings, Ringtail and Attenex, and our associated research and
development investment during the quarter to integrate these offerings,
provides the basis for vastly enhanced, cost effective client service.

2008 Guidance Update

Based on current market conditions, the Company believes revenue for the year will be between $1.275 and $1.3 billion and diluted earnings per share will be between $2.30 and $2.35.

Update on Initial Public Offering of Technology Segment


    Due to the unprecedented decline and instability of the equity capital
markets, the Company also announced that it will delay its filing for an
initial public offering ("IPO") of its Technology business until some time in
2009, market conditions permitting.  The Company will continue to evaluate the
advisability and the timing of filing of an IPO and the timing of the
previously announced spin-off or split-off of that business over the upcoming
months.

    A registration statement relating to the common shares to be sold in the
IPO has not been filed with the Securities and Exchange Commission or become
effective. The common shares may not be sold and offers may not be accepted
prior to the time the registration statement becomes effective.

    This release does not constitute an offer to sell or the solicitation of
any offer to buy, and there shall not be any sale of the common shares in any
state in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.

FTI can give no assurances that the aforementioned IPO or any related transactions will be consummated.

Third Quarter Conference Call

FTI will hold a conference call for analysts and investors to discuss third quarter financial results at 5:00 p.m. Eastern time on Wednesday, November 5, 2008. The call can be accessed live and will be available for replay over the Internet for 90 days by logging onto the Company's website, www.fticonsulting.com.

About FTI Consulting

    FTI Consulting, Inc. is a global business advisory firm dedicated to
helping organizations protect and enhance enterprise value in an increasingly
complex legal, regulatory and economic environment. With more than 3,000
employees located in most major business centers in the world, we work closely
with clients every day to anticipate, illuminate, and overcome complex
business challenges in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management and restructuring. More
information can be found at www.fticonsulting.com.

Use of Non-GAAP Measure

    Note: We define EBITDA as operating income before depreciation and
amortization of intangible assets plus litigation settlements.  We use EBITDA
in evaluating financial performance.  Although EBITDA is not a measure of
financial condition or performance determined in accordance with GAAP we
believe that it can be a useful operating performance measure for evaluating
our results of operation as compared from period to period and as compared to
our competitors. EBITDA is a common alternative measure of operating
performance used by investors, financial analysts and rating agencies to value
and compare the financial performance of companies in our industry. We use
EBITDA to evaluate and compare the operating performance of our segments and
it is one of the primary measures used to determine employee bonuses. We also
use EBITDA to value the businesses we acquire or anticipate acquiring.
Reconciliations of EBITDA to Net Income and Segment EBITDA to segment
operating profit are included in the accompanying tables to today's press
release. EBITDA is not defined in the same manner by all companies and may not
be comparable to other similarly titled measures of other companies unless the
definition is the same. This non-GAAP measure should be considered in addition
to, but not as a substitute for or superior to, the information contained in
our statements of income.

Safe Harbor Statement

    This press release includes "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934 that involve
uncertainties and risks.  Forward-looking statements include statements
concerning our plans, objectives, goals, strategies, future events, future
revenues, future results and performance, expectations, plans or intentions
relating to acquisitions and other matters, business trends and other
information that is not historical, including statements regarding estimates
of our future financial results.  When used in this press release, words such
as "estimates," "expects," "anticipates," "projects," "plans," "intends,"
"believes," "forecasts" and variations of such words or similar expressions
are intended to identify forward-looking statements.  All forward-looking
statements, including, without limitation, estimates of our future financial
results, are based upon our expectations at the time we make them and various
assumptions. Our expectations, beliefs and projections are expressed in good
faith, and we believe there is a reasonable basis for them. However, there can
be no assurance that management's expectations, beliefs and projections will
result or be achieved or that actual results will not differ from
expectations.  The Company has experienced fluctuating revenue, operating
income and cash flow in some prior periods and expects this will occur from
time to time in the future.  As a result of these possible fluctuations, the
Company's actual results may differ from our estimates.  Further, preliminary
results are subject to normal year-end adjustments. Other factors that could
cause such differences include the pace and timing of the consummation and
integration of past and future acquisitions, the Company's ability to realize
cost savings and efficiencies, competitive and general economic conditions,
retention of staff and clients and other risks described under the heading
"Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the
Company's other filings with the Securities and Exchange Commission. We are
under no duty to update any of the forward-looking statements to conform such
statements to actual results or events and do not intend to do so.


    FOR FURTHER INFORMATION:

    AT FTI CONSULTING:                           AT FD:
    Jack Dunn, President & CEO                   Investors: Gordon McCoun
    (410) 951-4800                               Media: Andy Maas
                                                 (212) 850-5600


    FINANCIAL TABLES FOLLOW












    FTI CONSULTING, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
    (in thousands, except per share data)
    -------------------------------------

                                                          Nine Months Ended
                                                            September 30,
                                                           --------------
                                                          2008        2007
                                                          ----        ----
                                                             (unaudited)

    Revenues                                             $970,269  $720,751
                                                         --------  -------- Operating expenses
      Direct cost of revenues                             535,201   396,661
      Selling, general and administrative expense         241,853   185,275
      Amortization of other intangible assets              13,019     7,778
                                                           ------     -----
                                                          790,073   589,714
                                                          -------   -------

    Operating income                                      180,196   131,037
                                                          -------   ------- Other income (expense)
      Interest income                                       6,176     3,991
      Interest expense and other                          (29,631)  

(33,998)

      Litigation settlement losses                           (711)     (872)
                                                             ----      ----
                                                          (24,166)  (30,879)
                                                          -------   -------

    Income before income tax provision                    156,030   100,158

    Income tax provision                                   61,788    38,831
                                                           ------    ------

    Net income                                            $94,242   $61,327
                                                          =======   =======
                                                                            Earnings per common share - basic                       $1.92     $1.47
                                                            =====     =====
    Weighted average common shares outstanding - basic     49,009    41,690
                                                           ======    ======

    Earnings per common share - diluted                     $1.76     $1.39
                                                            =====     =====
    Weighted average common shares outstanding - diluted   53,640    44,024
                                                        ======    ======


                              FTI CONSULTING, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
             FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
                      (in thousands, except per share data)
                      -------------------------------------

                                                         Three Months Ended
                                                            September 30,
                                                           --------------
                                                           2008      2007
                                                           ----      ----
                                                             (unaudited)

    Revenues                                             $325,497  $253,334
                                                         --------  --------
    Operating expenses
      Direct cost of revenues                             174,514   139,131
      Selling, general and administrative expense          91,508    63,007
      Amortization of other intangible assets               5,664     2,293
                                                            -----     -----
                                                          271,686   204,431
                                                          -------   -------

    Operating income                                       53,811    48,903
                                                           ------    ------
    Other income (expense)
      Interest income                                       1,229     1,671
      Interest expense and other                           (9,163) 

(12,297)

      Litigation settlement (losses) gains, net              (275)       36
                                                             ----        --
                                                           (8,209)  (10,590)
                                                           ------   -------

    Income before income tax provision                     45,602    38,313

    Income tax provision                                   18,059    15,330
                                                           ------    ------

    Net income                                            $27,543   $22,983
                                                          =======   =======

    Earnings per common share - basic                       $0.56     $0.55
                                                            =====     =====
    Weighted average common shares outstanding - basic     49,541    41,992
                                                           ======    ======

    Earnings per common share - diluted                     $0.51     $0.50
                                                            =====     =====
    Weighted average common shares outstanding - diluted   54,460    45,595
                                                           ======    ======




                                FTI CONSULTING, INC.
                       OPERATING RESULTS BY BUSINESS SEGMENT
                                    (Unaudited)

                                                   Utili  Average   Revenue-
                                 EBITDA           -zation Billable Generating
                      Revenues     (1)     Margin  (2)    Rate (2)  Headcount
                      --------   -------   ------  -----  --------  ---------
                          (in thousands)
    Three Months Ended
     September 30, 2008

      Technology        $55,385   $15,371    27.8%   N/M     N/M         498
      Corporate
       Finance/
       Restructuring     91,818    25,463    27.7%    72%   $438         646
      Economic
       Consulting        56,409    15,751    27.9%    86%   $444         253
      Strategic
       Communications    56,099    13,205    23.5%   N/M     N/M         599
      Forensic and
       Litigation
       Consulting        65,786    14,932    22.7%    68%   $340         668

                       $325,497    84,722    26.0%                     2,664
      Corporate                   (18,709)
     EBITDA (1)                   $66,013    20.3%


    Nine Months Ended
     September 30, 2008

Technology $168,195 $59,906 35.6% N/M N/M 498

Corporate

Finance/

       Restructuring    267,224    76,997    28.8%    76%   $447         646
      Economic
       Consulting       166,589    43,054    25.8%    86%   $447         253
      Strategic
       Communications   172,910    42,312    24.5%   N/M     N/M         599
      Forensic and
       Litigation
       Consulting       195,351    45,305    23.2%    72%   $340         668
                       $970,269   267,574    27.6%                     2,664
     Corporate                    (55,971)
    EBITDA (1)                   $211,603    21.8%


    Three Months Ended
     September 30, 2007

      Technology        $44,820   $18,579    41.5%   N/M     N/M         318
      Corporate
       Finance/
       Restructuring     62,874    17,670    28.1%    76%   $406         376
      Economic
       Consulting        45,887    12,142    26.5%    87%   $410         227
      Strategic
       Communications    45,117    11,753    26.1%   N/M     N/M         464
      Forensic and
       Litigation
       Consulting        54,636    14,543    26.6%    77%   $315         424
                       $253,334    74,687    29.5%                     1,809
      Corporate                   (18,095)
     EBITDA (1)                   $56,592    22.3%


    Nine Months Ended
     September 30, 2007

      Technology       $115,302   $43,364    37.6%   N/M     N/M         318
      Corporate
       Finance/
       Restructuring    187,981    49,259    26.2%    80%   $420         376
      Economic
       Consulting       129,867    36,309    28.0%    87%   $415         227
      Strategic
       Communications   125,343    32,679    26.1%   N/M     N/M         464
      Forensic and
       Litigation
       Consulting       162,258    41,912    25.8%    77%   $319         424

                       $720,751   203,523    28.2%                     1,809
      Corporate                   (51,836)
     EBITDA (1)                  $151,687    21.0%




    (1) We define EBITDA as operating income before depreciation and
amortization of intangible assets plus non-operating litigation settlements.
Although EBITDA is not a measure of financial condition or performance
determined in accordance with accounting principles generally accepted in the
United States (GAAP), we believe that it can be a useful operating performance
measure for evaluating our results of operation as compared from period to
period  and as compared to our competitors.  EBITDA is a common alternative
performance measure used by investors, financial analysts and credit rating
agencies to value and compare the financial performance of companies within
our industry. We use EBITDA to evaluate and compare the operating performance
of our segments and it is one of the primary measures used to determine
employee bonuses. We also use EBITDA to value the businesses we acquire or
anticipate acquiring. EBITDA is not defined in the same manner by all
companies and may not be comparable to other similarly titled measures of
other companies unless the definition is the same. This non-GAAP measure
should be considered in addition to, but not as a substitute for or superior
to, the information contained in our statements of income.  See also our
reconciliation of Non-GAAP financial measures.

(2) The majority of the Technology and Strategic Communications segments' revenues are not generated on an hourly basis. Accordingly,

utilization and average billable rate metrics are not presented as they are not meaningful. Utilization where presented is based on a 2,032 hour year.




RECONCILIATION OF OPERATING INCOME AND NET INCOME TO ADJUSTED EARNINGS

BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION AND SPECIAL CHARGES

        ------------------------------------------------------------------
                                  (unaudited)
                                  -----------


    Three Months Ended
     September 30, 2008                Corporate    Economic     Strategic
                          Technology   Finance     Consulting  Communications
                          ----------  ---------    -----------    ---------

    Net income
      Interest income
      Interest expense
       and other
      Litigation settle-
       ment losses
      Income tax
       provision
    Operating income     $10,519        $23,904        $14,798       $10,963
      Depreciation         2,752            693            382           955
      Amortization
       of other
       intangible
       assets              2,100            866            571         1,337
      Litigation
       settlement
       losses                  -              -              -           (50)
                             ---            ---            ---           ---
    EBITDA (1)            15,371         25,463         15,751        13,205
                          ======         ======         ======        ======


    Nine Months Ended
     September 30, 2008

    Net income (loss)
      Interest income
      Interest expense
       and other
      Litigation settle-
       ment losses
      Income tax
       provision
    Operating income     $49,656        $72,745        $40,096       $36,341
      Depreciation         7,560          1,880          1,247         2,313
      Amortization
       of other
       intangible
       assets              2,925          2,372          1,711         3,909

Litigation settle-

       ment losses          (235)             -              -          (251)
                            ----              -              -          ----
    EBITDA (1)            59,906         76,997         43,054        42,312
                          ======         ======         ======        ======


    Three Months Ended
     September 30, 2007

    Net income
      Interest income
      Interest expense
       and other
      Litigation settle-
       ment losses
      Income tax
       provision
    Operating income     $16,424        $17,186        $11,076       $10,188
      Depreciation         1,832            443            498           704
      Amortization
       of other
       intangible
       assets                323             41            568           863
      Litigation
       settlement
       gains                   -              -              -            (2)
                             ---            ---            ---           ---
    EBITDA (1)           $18,579        $17,670        $12,142       $11,753
                         =======        =======        =======       =======


    Nine Months Ended
     September 30, 2007

    Net income (loss)
      Interest income
      Interest expense
       and other
      Litigation settle
       -ment losses
      Income tax
       provision
    Operating income     $37,752        $48,576        $32,154       $28,627
      Depreciation         4,655          1,098          1,280         1,722
      Amortization
       of other
       intangible
       assets                957            122          2,875         2,337
      Litigation
       settlement
       losses                  -           (537)             -            (7)
                             ---           ----            ---           ---
    EBITDA (1)           $43,364        $49,259        $36,309       $32,679
                         =======        =======        =======       =======



    Three Months Ended                   Forensic and
     September 30, 2008                   Litigation
                                          Consulting      Corp HQ      Total
                                         ------------     -------      -----

    Net income                                                        $27,543

Interest income

(1,229)

      Interest expense and other                                        

9,163

      Litigation settlement losses                                        275
      Income tax provision                                             18,059
                                                                       ------
    Operating income                        $13,521      $(19,894)     53,811
      Depreciation                              621         1,410       6,813
      Amortization
       of other
       intangible
       assets                                   790            -        5,664
      Litigation
       settlement
       losses                                    -           (225)       (275)
                                               ----          ----        ----
    EBITDA (1)                               14,932       (18,709)     66,013
                                             ======       =======      ======


    Nine Months Ended
     September 30, 2008

    Net income (loss)                                                 $94,242
      Interest income                                                  (6,176)

Interest expense and other

29,631

      Litigation settlement losses                                        711
      Income tax provision                                             61,788
                                                                       ------
    Operating income                        $41,318      $(59,960)    180,196
      Depreciation                            1,885         4,214      19,099
      Amortization of other
       intangible assets                      2,102            -       13,019
      Litigation settlement losses               -           (225)       (711)
                                                ---          ----        ----
    EBITDA (1)                               45,305       (55,971)    211,603
                                             ======       =======     =======


    Three Months Ended
     September 30, 2007

    Net income                                                        $22,983
      Interest income                                                  (1,671)

Interest expense and other

12,297

      Litigation settlement losses                                        (36)
      Income tax provision                                             15,330
                                                                       ------
    Operating income                        $13,393      $(19,364)     48,903
      Depreciation                              652         1,231       5,360
      Amortization of other
       intangible assets                        498            -        2,293
      Litigation settlement gains                -             38          36
                                                ---            --          --
    EBITDA (1)                              $14,543      $(18,095)    $56,592
                                            =======      ========     =======


    Nine Months Ended
     September 30, 2007

    Net income (loss)                                                 $61,327
      Interest income                                                  (3,991)

Interest expense and other

33,998

      Litigation settlement losses                                        872
      Income tax provision                                             38,831
                                                                       ------
    Operating income                        $38,990      $(55,062)    131,037
      Depreciation                            1,610         3,379      13,744
      Amortization of other
       intangible assets                      1,487            -        7,778
      Litigation settlement losses             (175)         (153)       (872)
                                               ----          ----        ----
    EBITDA (1)                              $41,912      $(51,836)   $151,687
                                            =======      ========    ========

1. We define EBITDA as operating income before depreciation and

       amortization of intangible assets plus non-operating litigation
       settlements. Although EBITDA is not a measure of financial condition or
       performance determined in accordance with accounting principles
       generally accepted in the United States (GAAP), we believe that it can
       be a useful operating performance measure for evaluating our results of
       operation as compared from period to period  and as compared to our
       competitors.  EBITDA is a common alternative performance measure used
       by investors, financial analysts and credit rating agencies to value

and compare the financial performance of companies within our industry.

We use EBITDA to evaluate and compare the operating performance of our

segments and it is one of the primary measures used to determine

employee bonuses. We also use EBITDA to value the businesses we acquire

       or anticipate acquiring. EBITDA is not defined in the same manner by
       all companies and may not be comparable to other similarly titled
       measures of other companies unless the definition is the same. This
       non-GAAP measure should be considered in addition to, but not as a
       substitute for or superior to, the information contained in our
       statements of income.


                            FTI CONSULTING, INC.
             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
                               (in thousands)
                               --------------

                                                       Nine Months Ended
                                                         September 30,
                                                        --------------
                                                         2008     2007
                                                         ----     ----

    Operating activities                                  (unaudited)
    Net income                                        $94,242  $61,327
    Adjustments to reconcile net income to net cash
     provided by operating activities:
      Depreciation                                     19,099   13,744
      Amortization of other intangible assets          13,019    7,778
      Provision for doubtful accounts                  13,107    7,125
      Non-cash share-based compensation                21,392   16,499
      Excess tax benefits from share-based
       compensation                                    (5,653)  (4,352)
      Non-cash interest expense                         2,269    2,386
      Other                                               785     (451)
      Changes in operating assets and liabilities,
       net of effects from acquisitions:
        Accounts receivable, billed and unbilled      (81,898) (97,971)
        Notes receivable                               (6,322) (23,163)
        Prepaid expenses and other assets              (8,319)  (1,785)
        Accounts payable, accrued expenses and other     (941)  24,099
        Accrued special charges                        (3,441)  (8,076)
        Income taxes                                   22,802   (2,083)
        Accrued compensation                           27,264   15,257
        Billings in excess of services provided         1,279    1,511
                                                        -----    -----
                Net cash provided by
                 operating activities                 108,684   11,845
                                                      -------   ------

    Investing activities
      Payments for acquisition of businesses,
       including contingent payments and
       acquisition costs, net of cash received       (315,638) (25,164)
      Purchases of property and equipment             (24,385) (27,912)
      Other                                               991      101
                                                          ---      ---
                Net cash used in investing
                 activities                          (339,032) (52,975)
                                                     --------  -------

    Financing activities
      Borrowings under revolving line of credit             -   25,000
      Payments of revolving line of credit                  -  (25,000)
      Payments of short-term borrowings of acquired
       subsidiary                                      (2,275)       -
      Payments of long-term debt                       (7,511)    (149)
      Purchase and retirement of common stock               -  (18,116)
      Net issuance of common stock under equity
       compensation plans                              22,476   24,830
      Excess tax benefits from share-based
       compensation                                     5,653    4,352
      Other                                              (171)       -
                                                         ----     ----
                Net cash provided by
                 financing activities                  18,172   10,917
                                                       ------   ------

    Effect of exchange rate changes and fair
     value adjustments on cash and cash
     equivalents                                       (2,110)     534
                                                       ------      ---

    Net decrease in cash and cash equivalents        (214,286) (29,679)
    Cash and cash equivalents, beginning of period    360,463   91,923
                                                      -------   ------
    Cash and cash equivalents, end of period         $146,177  $62,244
                                                     ========  =======



                           FTI CONSULTING, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                     (in thousands, except per share amounts)
                     ----------------------------------------

                                                  September 30,  December 31,
                                                       2008          2007
                                                       ----          ----
                       Assets                      (unaudited)
    Current assets
       Cash and cash equivalents                    $146,177      $360,463
       Accounts Receivable
           Billed receivables                        264,203       190,900
           Unbilled receivables                      118,344        84,743
           Allowance for doubtful accounts
            and unbilled services                    (45,633)      (30,467)
                                                     -------       -------
                                                     336,914       245,176
       Notes receivable                               14,909        11,687
       Prepaid expenses and other current
        assets                                        30,341        33,657
       Deferred income taxes                          15,038        10,544
                                                      ------        ------
          Total current assets                       543,379       661,527

    Property and equipment, net of accumulated
     depreciation                                     76,395        67,843
    Goodwill                                       1,114,241       940,878
    Other intangible assets, net of
     amortization                                    199,429        84,673
    Notes receivable, net of current portion          54,646        52,374
    Other assets                                      57,432        51,329
                                                      ------        ------

          Total assets                            $2,045,522    $1,858,624
                                                  ==========    ==========

        Liabilities and Stockholders' Equity

    Current liabilities
      Accounts payable, accrued expenses and
         other                                       $61,399      $103,410
      Accrued compensation                           127,435       102,054
      Current portion of long-term debt              152,069       157,772
      Billings in excess of services provided         21,878        17,826
                                                      ------        ------
          Total current liabilities                  362,781       381,062

    Long-term debt, net of current portion           416,390       415,653
    Deferred income taxes                             72,642        49,113
    Other liabilities                                 47,778        40,546

    Stockholders' equity
      Preferred stock, $0.01 par value; shares
       authorized - 5,000, none outstanding               -             -
      Common stock, $0.01 par value; share
       authorized - 75,000; shares
       issued and outstanding - 50,762 (2008)
       and 48,979 (2007)                                 508           490
      Additional paid-in capital                     700,574       601,637
      Retained earnings                              455,300       361,058
      Accumulated other comprehensive (loss)
       income                                        (10,451)        9,065
                                                     -------         -----
          Total stockholders' equity               1,145,931       972,250
                                                   ---------       -------

          Total liabilities and stockholders'
           equity                                 $2,045,522    $1,858,624
                                                  ==========    ==========

SOURCE  FTI Consulting, Inc.
    -0-                           11/05/2008
    /CONTACT:  Jack Dunn, President & CEO of FTI Consulting, +1-410-951-4800;
or Investors, Gordon McCoun, Media, Andy Maas, both of FD, +1-212-850-5600/
    /Web Site:  http://www.fticonsulting.com /
    (FCN FCN)

CO:  FTI Consulting, Inc.
ST:  Florida
IN:  FIN
SU:  ERN ERP

PR
-- NY44162 --
4162 11/05/2008 16:16 EST http://www.prnewswire.com

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