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FTI Consulting Management Discusses Q2 2012 Results - Earnings Call Transcript

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

During the call, we may discuss certain non-GAAP financial measures, such as adjusted EBITDA, adjusted-segment EBITDA, adjusted net income and adjusted earnings per share. For a discussion of these non-GAAP financial measures, as well as our reconciliation of these non-GAAP financial measures to the most closely comparable GAAP measures, investors should review the press release and the accompanying financial tables we issued yesterday evening.

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

Thank you, Molly. Welcome and thank you to everyone for joining us today. With me on the call are Dennis Shaughnessy, our Chairman; Roger Carlile, our Chief Financial Officer; and David Bannister, our Chairman of North America.

First, we'd like to give you a brief overview of the quarter. Next, share some of the elements behind the reasoning for our guidance and then most importantly, get to you your questions.

In the second quarter, we saw a continued strong demand in our Economic Consulting and Corporate Finance/Restructuring segments. In economics, this was based on antitrust and a surprisingly strong M&A-related activity and on financial economics, especially matters related to fallout from the financial crisis for mortgage-backed securities, auction-rate securities and derivatives litigation to more recently, municipal bid-rigging, now the LIBOR and Euribor matters.

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