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| FCN > SEC Filings for FCN > Form 8-K on 30-Apr-2009 | All Recent SEC Filings |
30-Apr-2009
Results of Operations and Financial Condition, Regulation FD Disclosure, Finan
On April 29, 2009, FTI Consulting, Inc. ("FTI") issued its press release (the "Press Release") reporting its financial results for the first quarter ended March 31, 2009. The full text of the Press Release (including financial tables) issued on April 29, 2009 is set forth in Exhibit 99.1 and is incorporated by reference herein.
FTI defines "EBITDA" and segment "EBITDA" as operating income before depreciation and amortization of intangible assets plus non-operating litigation settlements. FTI uses EBITDA in evaluating financial performance. Although EBITDA is not a measure of financial condition or performance determined in accordance with generally accepted accounting principles ("GAAP"), FTI believes that it can be a useful operating performance measure for evaluating its results of operation as compared from period to period and as compared to its 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 FTI's industry. FTI uses EBITDA to evaluate and compare the operating performance of its segments and it is one of the primary measures used to determine employee bonuses. FTI also uses EBITDA to value the businesses it acquires or anticipates acquiring. Reconciliations of EBITDA to net income and segment EBITDA to segment operating profit are included in the accompanying financial tables to the 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 FTI's statements of income.
The information included herein, including Exhibit 99.1 furnished herewith, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, except as expressly set forth by specific reference in such filing.
(c) Exhibits
99.1 Press Release dated April 29, 2009 (including Financial Tables), of FTI Consulting, Inc.
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