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TheStreet Open House

FTI Consulting's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: FCN

For discussion of risks and other factors that may cause actual results or events to differ from those contemplated by the forward-looking statements, investors should review the Safe Harbor statement in the earnings press release issued yesterday, a copy of which is available on our website at www.fticonsulting.com, as well as other disclosures under the heading Risk Factors and Forward-Looking Information in our most recent Form 10-K and in our filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on any forward-looking statements, which speak only as to the date of this earnings call.

During the call, we will discuss certain non-GAAP financial measures such as adjusted EBITDA, adjusted segment EBITDA and adjusted earnings per share. For discussion of these non-GAAP financial measures, as well as our reconciliation of these non-GAAP financial measures to the most recently comparable GAAP measures, investors should review the press release we issued yesterday.

With these formalities out of the way, I would like to turn the call over to Jack Dunn, President and Chief Executive Officer. Jack, please go ahead.

Jack B. Dunn

Yes, thank you very much. Good morning, good afternoon or good evening to everyone, and thank you for joining us. With me today are Dennis Shaughnessy, our Chairman; Roger Carlile, our Chief Executive -- excuse me, our Chief Financial Officer; and David Bannister, the Chairman of our North America region.

Today, I'd like to continue our format of giving you 3 or 4 bullet points that we think are significant and then turn it over to your questions. This morning, however, if nothing more than a tribute to the people who produced them, I'd like to take a few minutes to talk about our results for 2011.

Let me begin with a brief overview of our fourth quarter results, which I think validates the strategic imperatives we implemented at the beginning of 2011. For the quarter, the company grew 10%. Our pro cyclical businesses again led the way with an aggregate of 15% growth, driven by continued strength in Economic Consulting, Technology and Forensic and Litigation Consulting. Our activities outside North America continued to be very, very strong.

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