Track market-moving stories before they get noisy

Korn Ferry (NYSE: KFY) today announced it is participating in the Baird 2026 Global Consumer, Technology & Services Conference on Tuesday, June 2, 2026 and the William Blair 46th Annual Growth Stock Conference on Wednesday, June 3, 2026.

Korn Ferry EVP, Chief Financial Officer and Chief Corporate Officer Robert Rozek will participate in a presentation at both events.

The information for each conference is as follows:

Baird 2026 Global Consumer, Technology & Services Conference
Tuesday, June 2, 2026 at 9:05 a.m. ET
The event will be broadcast live and accessible to the general public here.

William Blair 46th Annual Growth Stock Conference
Wednesday, June 3, 2026 at 2:20 p.m. ET
The event will be broadcast live and accessible to the general public here.

The conferences can also be accessed through Korn Ferry’s Investor Relations website: Investor Relations: Korn Ferry (KFY). An audio replay will be available after the event at the same website address.

About Korn Ferry

Korn Ferry is a global consulting firm that powers performance. We unlock the potential in your people and unleash transformation across your business—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most forward-thinking companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than.

As the Official Talent & Organizational Consulting Partner of LA28, Korn Ferry is powering the nearly 5,000 people who power the Olympic Games—bringing in the right talent, building strong leaders, and shaping the structure and culture that will deliver an unforgettable experience for the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527466117/en/

WASHINGTON, April 29, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of five Senior Managing Directors and five Managing Directors who further enhance the firm’s capabilities around cyber risk, data privacy and information governance.

“We are seeing significant demand in these key areas from the market,” said Anthony J. Ferrante, Global Head of the Cybersecurity practice at FTI Consulting. “Organizations are facing unprecedented digital exposure, operational and regulatory complexities and need practical solutions from trusted experts that help reduce risk, strengthen resilience and achieve compliance. We look forward to working with our new colleagues to deliver the expert-driven and intelligence-led solutions our clients rely on and expect.”

Sophie Ross, Global Chief Executive Officer of the Technology segment at FTI Consulting, said, “Data is growing exponentially, and so are the rules around it, with clients navigating more complex privacy and regulatory risk and compliance. Our growing team of experts augments our ability to meet demand and help clients get to answers faster: stronger governance, quicker progress towards compliance and a more defensible approach, so they can reduce risk and act on insights with confidence.”

Akshay Dhawan, who is based in Washington, D.C., joins the firm as a Senior Managing Director with more than two decades of experience in cybersecurity and digital transformation. He joins from a global consulting firm where he built and led cloud security and compliance practices. In his role at FTI Consulting, he will help clients design and implement enterprise cybersecurity programs, with a particular focus on cloud and AI systems and national security-driven regulations.

David Manek, a Senior Managing Director based in Chicago, is a data privacy expert specializing in end-to-end large-scale, data-intensive regulatory change management initiatives. In his previous role at a global consulting firm, he led a team of data privacy, information security and data management experts focused on implementing complex data privacy and AI compliance solutions. In his role at FTI Consulting, he will help clients navigate emerging privacy and AI laws, including the California Consumer Privacy Act (“CCPA”), General Data Protection Regulation (“GDPR”), the EU AI Act and others.

Matt McClelland is a Senior Managing Director based in Charlotte and has more than two decades of experience in data and information governance and analytics. His experience includes building and overseeing the deployment of AI-supported tools and delivering enterprise programs across industries including healthcare, telecom, financial services and retail. At FTI Consulting, he will advise clients on next-generation operating model design, modernized policy and retention schedule development, large-scale defensible data deletion, change management and technology enablement.

Ankur Sheth is a Senior Managing Director based in New York. He brings deep expertise in cybersecurity strategy, risk management and technology implementation. He will work with security, risk and IT leaders to navigate the evolving threat landscape and strengthen their cyber posture, guiding clients from assessment through architecture, design and program execution. Previously, he led the Technology and Cyber Risk Advisory practice at a global consulting firm.

Colleen M. Yushchak, who is based in Washington, D.C., joins the firm as a Senior Managing Director with more than 25 years of experience guiding companies through complex technology and legal challenges, with deep expertise in regulatory risk, governance and data protection. At FTI Consulting, she will support clients with designing and executing global privacy and compliance programs. Prior to joining the firm, she was the Global Data Privacy practice lead at a global consulting firm, where she implemented privacy compliance programs for organizations across multiple industries.

Mir Ali is a Managing Director based in Chicago and serves as an information and data governance expert who helps organizations build mature, compliant and defensible programs through modernizing policies, retention schedules and enterprise data deletion. At FTI Consulting, he will focus on supporting clients with data minimization, mapping and inventory, cyber and data privacy risk assessments, and building robust third-party risk management frameworks.

Emily Cohen is a Managing Director based in Chicago and brings nearly two decades of experience in data privacy, regulatory compliance, forensic investigation and litigation advisory. Prior to joining FTI Consulting, she led a global consulting firm’s tracking technology service offering and assisted with the design and deployment of privacy technology to support core functions including risk assessments, data inventories and third-party risk management. In her role at FTI Consulting, she will help clients with privacy programs, complex investigations and expert services related to tracking technologies.

David Farber, a Managing Director based in Charlotte, helps organizations navigate complex regulatory requirements, data privacy and implementation of privacy platforms. In his previous role at a global consulting firm, he supported risk assessments, data inventories, privacy rights process, tracking technology compliance and advised on privacy platform design and optimization. At FTI Consulting, he will focus on risk management strategies and compliance, and design and deploy technical frameworks for clients to address global data protection laws.

Matt Flora is a Managing Director based in New York and brings more than a decade of experience in cybersecurity governance and risk management. His experience includes helping clients map their security programs to industry-leading frameworks and regulations, identify security weaknesses, and mitigate enterprise-level risk. In his role at FTI Consulting, he will work with clients to build comprehensive cybersecurity risk and compliance programs, and support private equity clients and their portfolio companies in identifying and mitigating top security risks.

Kenric Tom, a Managing Director based in Miami, specializes in data privacy, AI regulatory compliance and digital risk, helping clients design and implement comprehensive privacy and risk management programs. In his previous role at a global consulting firm, he provided clients with technology and data governance solutions related to regulatory and compliance needs. At FTI Consulting, he will guide clients through the nuances of various privacy and AI laws and create robust program operations and technical controls that protect enterprise value and mitigate litigation risk.

About FTI Consulting 
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of December 31, 2025. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.80 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com. 

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100 

Investor Contact:
Mollie Hawkes 
+1.617.747.1791 
[email protected] 

Media Contact:
Sam Ford
+1.617.480.7402
[email protected]

First Quarter 2026 Revenues of $983.3 Million, Up 9.5% Compared to $898.3 Million in Prior Year QuarterFirst Quarter 2026 EPS of $1.90, Up 9.2% Compared to EPS of $1.74 in Prior Year QuarterCompany Reaffirms Full Year 2026 Guidance
WASHINGTON, April 30, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today released financial results for the first quarter ended March 31, 2026.

First quarter 2026 revenues of $983.3 million increased $85.1 million, or 9.5%, compared to revenues of $898.3 million in the prior year quarter. The increase was primarily driven by revenue growth in the Corporate Finance, Strategic Communications and Technology segments, which was partially offset by lower revenues in the Economic Consulting segment. Excluding an estimated positive impact of foreign currency translation (“FX”), revenues increased $60.8 million, or 6.8%, compared to the prior year quarter. Net income of $57.6 million compared to $61.8 million in the prior year quarter. The decrease in net income was primarily due to higher direct costs and selling, general and administrative (“SG&A”) expenses, which included legal settlement gains in the prior year quarter, as well as an increase in interest expense and a higher effective tax rate, which more than offset the increase in revenues. Adjusted EBITDA of $96.8 million, or 9.8% of revenues, compared to $115.2 million, or 12.8% of revenues, in the prior year quarter.

First quarter 2026 EPS of $1.90 compared to $1.74 in the prior year quarter. First quarter 2025 EPS included a $25.3 million special charge related to severance and other employee-related costs, which reduced EPS by $0.55. Excluding the $0.55 first quarter 2025 special charge, Adjusted EPS was $2.29 in the prior year quarter.

Steven H. Gunby, CEO and Chairman of FTI Consulting, commented, “We delivered strong revenue growth this quarter, which, notwithstanding a higher than expected tax rate and SG&A expenses, translated into solid bottom-line results. The continued powerful growth of our business, now over many years, underscores the importance of the expertise, judgment and credibility our experts offer our clients when they are facing their most complex and high-stakes challenges and opportunities, particularly in the complicated and disrupted world we face today.”

Cash Position and Capital Allocation

Net cash used in operating activities of $310.0 million for the quarter ended March 31, 2026 compared to $465.2 million for the quarter ended March 31, 2025. The year-over-year decrease in net cash used in operating activities was primarily due to a decline in forgivable loan issuances, higher cash collections and lower income tax payments, which was partially offset by an increase in compensation payments.

During the quarter ended March 31, 2026, the Company repurchased 787,098 shares of its common stock at an average price per share of $161.11 for a total cost of $126.8 million. As of March 31, 2026, approximately $364.9 million remained available for common stock repurchases under the Company’s stock repurchase program.

Cash and cash equivalents of $198.3 million at March 31, 2026 compared to $151.1 million at March 31, 2025 and $265.1 million at December 31, 2025. Total debt, net of cash, of $556.7 million at March 31, 2026 compared to $8.9 million at March 31, 2025 and $99.9 million at December 31, 2025. The sequential increase in total debt, net of cash, was primarily due to annual bonus payments and share repurchases.

First Quarter 2026 Segment Results

Corporate Finance
Revenues in the Corporate Finance segment increased $65.9 million, or 19.2%, to $409.5 million in the quarter compared to $343.6 million in the prior year quarter. The increase in revenues was primarily due to higher demand and realized bill rates for turnaround & restructuring, transactions and transformation services. Excluding an estimated positive impact of FX, revenues increased $57.4 million, or 16.7%. Segment operating income of $85.2 million compared to $41.0 million in the prior year quarter. Adjusted Segment EBITDA of $88.7 million, or 21.6% of segment revenues, compared to $55.9 million, or 16.3% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was partially offset by an increase in compensation.

Forensic and Litigation Consulting
Revenues in the Forensic and Litigation Consulting segment increased $2.3 million, or 1.2%, to $192.9 million in the quarter compared to $190.6 million in the prior year quarter. The increase in revenues was primarily due to higher realized bill rates for risk & investigations and construction solutions services, which was partially offset by lower demand for dispute advisory services. Excluding an estimated positive impact of FX, revenues decreased $1.7 million, or 0.9%. Segment operating income of $23.1 million compared to $30.1 million in the prior year quarter. Adjusted Segment EBITDA of $25.3 million, or 13.1% of segment revenues, compared to $37.5 million, or 19.7% of segment revenues, in the prior year quarter. The decrease in Adjusted Segment EBITDA was primarily due to higher compensation and SG&A expenses.

Economic Consulting
Revenues in the Economic Consulting segment decreased $4.2 million, or 2.3%, to $175.6 million in the quarter compared to $179.9 million in the prior year quarter. The decrease in revenues was primarily due to lower demand for non-merger and acquisition (“M&A”)-related antitrust services, which was partially offset by higher demand for financial economics and M&A-related antitrust services, as well as higher realized bill rates. Excluding an estimated positive impact of FX, revenues decreased $10.3 million, or 5.7%. Segment operating loss of $7.3 million compared to segment operating income of $12.1 million in the prior year quarter. Adjusted Segment EBITDA of a loss of $5.9 million compared to $14.4 million, or 8.0% of segment revenues, in the prior year quarter. The decrease in Adjusted Segment EBITDA was primarily due to higher compensation, largely related to an increase in forgivable loan amortization, and lower revenues.

Technology
Revenues in the Technology segment increased $5.2 million, or 5.3%, to $102.3 million in the quarter compared to $97.2 million in the prior year quarter. The increase in revenues was primarily due to higher demand for litigation and information governance, privacy & security services, which was partially offset by lower demand for investigations and M&A-related “second request” services. Excluding an estimated positive impact of FX, revenues increased $2.7 million, or 2.8%. Segment operating income of $7.7 million compared to $6.6 million in the prior year quarter. Adjusted Segment EBITDA of $11.8 million, or 11.6% of segment revenues, compared to $11.6 million, or 11.9% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was partially offset by an increase in compensation.

Strategic Communications
Revenues in the Strategic Communications segment increased $16.0 million, or 18.4%, to $103.0 million in the quarter compared to $87.0 million in the prior year quarter. The increase in revenues was primarily due to higher demand for corporate reputation, public affairs and financial communications services. Excluding an estimated positive impact of FX, revenues increased $12.6 million, or 14.5%. Segment operating income of $20.8 million compared to $8.7 million in the prior year quarter. Adjusted Segment EBITDA of $21.9 million, or 21.3% of segment revenues, compared to $12.9 million, or 14.8% of segment revenues, in the prior year quarter. The increase in Adjusted Segment EBITDA was primarily due to higher revenues, which was partially offset by an increase in compensation, largely related to variable compensation.

2026 Guidance
The Company is reaffirming its full year 2026 revenue guidance range of between $3.940 billion and $4.100 billion. The Company is also reaffirming its full year 2026 EPS guidance range of between $8.90 and $9.60. The Company does not expect Adjusted EPS to differ from EPS.

First Quarter 2026 Conference Call
FTI Consulting will host a conference call for analysts and investors to discuss first quarter 2026 financial results at 9:00 a.m. Eastern Time on Thursday, April 30, 2026. The call can be accessed live and will be available for replay over the internet for 90 days by logging onto the Company’s investor relations website here.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

Non-GAAP Financial Measures
In the accompanying analysis of financial information, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Certain of these financial measures are considered not in conformity with GAAP ("non-GAAP financial measures") under the United States Securities and Exchange Commission ("SEC") rules. Specifically, we have referred to the following non-GAAP financial measures:

Adjusted Segment EBITDAAdjusted EBITDAAdjusted EBITDA MarginAdjusted Net IncomeAdjusted Earnings per Diluted Share
We have included the definition of Segment Operating Income (Loss), which is a GAAP financial measure, below in order to more fully define the components of certain non-GAAP financial measures in the accompanying analysis of financial information. We define Segment Operating Income (Loss) as a segment’s share of consolidated operating income. We use Segment Operating Income (Loss) for the purpose of calculating Adjusted Segment EBITDA, which is a non-GAAP financial measure. We define Adjusted Segment EBITDA as Segment Operating Income (Loss) before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We use Adjusted Segment EBITDA as a basis to internally evaluate the financial performance of our segments because we believe it reflects core operating performance and provides an indicator of the segment’s ability to generate cash.

We define Adjusted EBITDA, which is a non-GAAP financial measure, as consolidated net income before income tax provision, other non-operating income (expense), depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges, goodwill impairment charges, gain or loss on sale of a business and losses on early extinguishment of debt. We define Adjusted EBITDA Margin, which is a non-GAAP financial measure, as Adjusted EBITDA as a percentage of total revenues. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results and GAAP financial measures, provide management and investors with a more complete understanding of our operating results, including underlying trends. Many of our competitors use alternative measures of operating performance. Non-GAAP financial measures are used by investors, financial analysts, rating agencies and others to value and compare the financial performance of companies in our industry. Therefore, we also believe that our non-GAAP financial measures, considered along with corresponding GAAP financial measures, provide management and investors with useful supplemental information.

We define Adjusted Net Income and Adjusted Earnings per Diluted Share ("Adjusted EPS"), which are non-GAAP financial measures, as net income and EPS, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special charges, goodwill impairment charges, the gain or loss on sale of a business and losses on early extinguishment of debt. We use Adjusted Net Income for the purpose of calculating Adjusted EPS. Management uses Adjusted EPS to assess total Company operating performance on a consistent basis. We believe that these non-GAAP financial measures, when considered together with our GAAP financial results and GAAP financial measures, provide management and investors with useful supplemental information on our business operating results, including underlying trends.

Non-GAAP financial measures are not defined in the same manner by all companies and may not be comparable with other similarly titled measures of other companies. Non-GAAP financial measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Consolidated Statements of Comprehensive Income. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this press release.

Safe Harbor Statement

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact, including among other things, statements about future events, anticipated growth, industry prospects, business trends, our future results of operations and financial position, business strategy and plans, future revenues or performance, financing needs, and objectives of management for future operations, are forward-looking statements. Forward-looking statements often contain words such as “may,” “might,” “will,” “should,” “could,” “would,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “commits,” “aspires,” “forecasts,” “future,” “goal,” “seeks” and variations of such words or similar expressions. There are a number of risks, uncertainties and other factors that could cause our actual results or outcomes, and the timing of our results or outcomes, to differ materially from the forward-looking statements expressed or implied by this press release. Although we believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, we can provide no assurance that these expectations and assumptions will prove to be correct. Forward-looking statements relate to future events, results and outcomes and are inherently uncertain. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements. Important factors that could cause our actual results or outcomes, and the timing of our results and outcomes, to differ materially from the forward-looking statements we make in this press release include those set forth under the heading “Risk Factors” in Part I, Item 1A in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026 as well as in other information that we file with the SEC from time to time. All forward-looking statements are presented as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included herein. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement for any reason.

FINANCIAL TABLES FOLLOW

FTI CONSULTING, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)   March 31, December 31,   2026   2025   (Unaudited)  Assets    Current assets    Cash and cash equivalents $198,276  $265,091 Accounts receivable, net  1,148,084   1,037,678 Current portion of notes receivable  91,370   87,861 Prepaid expenses and other current assets  119,159   126,997 Total current assets  1,556,889   1,517,627 Property and equipment, net  166,209   169,333 Operating lease assets  193,796   201,492 Goodwill  1,239,835   1,242,777 Intangible assets, net  12,908   13,547 Notes receivable, net  245,719   250,667 Other assets  91,174   95,085 Total assets $3,506,530  $3,490,528 Liabilities and Stockholders’ Equity    Current liabilities    Accounts payable, accrued expenses and other $254,298  $206,247 Accrued compensation  369,346   712,335 Billings in excess of services provided  53,184   56,607 Total current liabilities  676,828   975,189 Long-term debt, net  754,257   365,000 Noncurrent operating lease liabilities  214,955   224,510 Deferred income taxes  103,251   99,611 Other liabilities  95,540   92,487 Total liabilities  1,844,831   1,756,797 Stockholders’ equity    Preferred stock, $0.01 par value; shares authorized — 5,000; none
outstanding  —   — Common stock, $0.01 par value; shares authorized — 75,000; shares
issued and outstanding — 30,145 (2026) and 30,864 (2025)  301   309 Additional paid-in capital  —   354 Retained earnings  1,801,055   1,862,672 Accumulated other comprehensive loss  (139,657)  (129,604)Total stockholders’ equity  1,661,699   1,733,731   Total liabilities and stockholders’ equity $3,506,530  $3,490,528           FTI CONSULTING, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands, except per share data)
  Three Months Ended
March 31,
   2026   2025  (Unaudited)Revenues$983,345  $898,282 Operating expenses   Direct cost of revenues 676,518   608,928 Selling, general and administrative expenses 222,298   184,335 Special charges —   25,295 Amortization of intangible assets 612   1,017   899,428   819,575 Operating income 83,917   78,707 Other income (expense)   Interest income and other 1,074   2,842 Interest expense (6,445)  (968)  (5,371)  1,874 Income before income tax provision 78,546   80,581 Income tax provision 20,915   18,757 Net income$57,631  $61,824 Earnings per common share ― basic$1.92  $1.76 Weighted average common shares outstanding ― basic 29,984   35,053 Earnings per common share ― diluted$1.90  $1.74 Weighted average common shares outstanding ― diluted 30,329   35,500 Other comprehensive income (loss), net of tax   Foreign currency translation adjustments, net of tax expense of $0$(10,053) $14,574 Total other comprehensive income (loss), net of tax (10,053)  14,574 Comprehensive income$47,578  $76,398          FTI CONSULTING, INC.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME AND EPS TO ADJUSTED EPS
(in thousands, except per share data)
   Three Months Ended
March 31,
     2026  2025   (Unaudited)Net income $57,631 $61,824 Add back:    Special charges  —  25,295 Tax impact of special charges  —  (5,799)Adjusted Net Income $57,631 $81,320 EPS $1.90 $1.74 Add back:    Special charges  —  0.71 Tax impact of special charges  —  (0.16)Adjusted EPS $1.90 $2.29 Weighted average number of common shares
outstanding ― diluted  30,329  35,500          FTI CONSULTING, INC.
RECONCILIATION OF NET INCOME AND OPERATING INCOME (LOSS) TO ADJUSTED SEGMENT EBITDA AND ADJUSTED EBITDA
(in thousands) Three Months Ended March 31, 2026
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $57,631 Interest income and other              (1,074)Interest expense              6,445 Income tax provision              20,915 Operating income (loss) $85,230 $23,085 $(7,331) $7,703 $20,838 $(45,608) $83,917 Depreciation of property and equipment  3,105  1,950  1,449   4,130  984  671   12,289 Amortization of intangible assets  315  229  —   —  68  —   612 Adjusted EBITDA $88,650 $25,264 $(5,882) $11,833 $21,890 $(44,937) $96,818  Three Months Ended March 31, 2025
(Unaudited) Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Unallocated Corporate TotalNet income             $61,824 Interest income and other              (2,842)Interest expense              968 Income tax provision              18,757 Operating income $40,950 $30,106 $12,089 $6,594 $8,725 $(19,757) $78,707 Depreciation of property and equipment  2,582  1,713  1,359  3,070  841  580   10,145 Amortization of intangible assets  719  229  —  —  69  —   1,017 Special charges  11,696  5,475  983  1,928  3,268  1,945   25,295 Adjusted EBITDA $55,947 $37,523 $14,431 $11,592 $12,903 $(17,232) $115,164                          FTI CONSULTING, INC.
OPERATING RESULTS BY BUSINESS SEGMENT  Segment
Revenues

 Adjusted
EBITDA Adjusted EBITDA
Margin Utilization Average
Billable
Rate Billable
Headcount (in thousands)       (at period end)Three Months Ended March 31, 2026 (Unaudited)           Corporate Finance$409,502 $88,650  21.6% 62% $545 2,342Forensic and Litigation Consulting 192,878  25,264  13.1% 57% $451 1,543Economic Consulting 175,648  (5,882) (3.3%) 61% $577 1,000Technology (1) 102,323  11,833  11.6% N/M N/M 665Strategic Communications (1) 102,994  21,890  21.3% N/M N/M 917 $983,345 $141,755  14.4%     6,467Unallocated Corporate   (44,937)        Adjusted EBITDA  $96,818  9.8%                  Three Months Ended March 31, 2025 (Unaudited)           Corporate Finance$343,645 $55,947  16.3% 57% $493 2,249Forensic and Litigation Consulting 190,602  37,523  19.7% 59% $430 1,509Economic Consulting 179,861  14,431  8.0% 62% $541 1,019Technology (1) 97,156  11,592  11.9% N/M N/M 681Strategic Communications (1) 87,018  12,903  14.8% N/M N/M 937 $898,282 $132,396  14.7%     6,395Unallocated Corporate   (17,232)        Adjusted EBITDA  $115,164  12.8%       ____________

N/M Not meaningful(1)The majority of the Technology and Strategic Communications segments' revenues are not generated based on billable hours. Accordingly, utilization and average billable rate metrics are not presented as they are not meaningful as a segment-wide metric.   FTI CONSULTING, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
   Three Months Ended
March 31,
   2026   2025  (Unaudited)Operating activities   Net income$57,631  $61,824 Adjustments to reconcile net income to net cash used in operating activities:   Depreciation of property and equipment 12,289   10,145 Amortization of intangible assets 612   1,017 Amortization of notes receivable 23,099   9,930 Provision for expected credit losses 7,283   7,214 Share-based compensation 10,608   9,753 Deferred income taxes 2,933   8,889 Other 232   275 Changes in operating assets and liabilities, net of effects from acquisitions:   Accounts receivable, billed and unbilled (123,341)  (74,890)Notes receivable, net of repayments (22,564)  (162,003)Prepaid expenses and other assets 5,275   (4,445)Accounts payable, accrued expenses and other 36,268   7,653 Income taxes 7,922   (30,198)Accrued compensation (325,018)  (310,495)Billings in excess of services provided (3,252)  121 Net cash used in operating activities (310,023)  (465,210)Investing activities   Purchases of property and equipment and other (10,618)  (17,803)Net cash used in investing activities (10,618)  (17,803)Financing activities   Borrowings under revolving line of credit 590,000   235,000 Repayments under revolving line of credit (500,000)  (75,000)Proceeds from issuance of term loan 300,000   — Purchase and retirement of common stock (126,827)  (182,641)Share-based compensation tax withholdings (5,954)  (11,576)Deposits and other 1,279   1,916 Net cash provided by (used in) financing activities 258,498   (32,301)Effect of exchange rate changes on cash and cash equivalents (4,672)  5,942 Net decrease in cash and cash equivalents (66,815)  (509,372)Cash and cash equivalents, beginning of period 265,091   660,493 Cash and cash equivalents, end of period$198,276  $151,121          FTI Consulting, Inc. 
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor & Media Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

FTI Consulting, Inc. (FCN) Q1 2026 Earnings Call Transcript

Key Takeaways FCN Q2 EPS of $1.90 missed estimates, down 17% YoY, while revenues rose 9.5% to $983.3M. FCN saw strong growth in Corporate Finance and Strategic Communications offset by Economic weakness. FCN EBITDA fell 16% with a margin down to 9.8%, as shares dropped 6.3% post-earnings release. FTI Consulting, Inc. (FCN - Free Report) reported mixed second-quarter 2026 results, wherein the earnings missed the Zacks Consensus Estimate, but revenues beat the same.

The stock lost 6.3% since the earnings release on April 30 in response to the earnings miss.

Image Source: Zacks Investment Research

Quarterly adjusted earnings per share (EPS) came in at $1.90, which missed the Zacks Consensus Estimate of $2.11 and decreased 17% year over year. Meanwhile, total revenues of $983.4 million beat the consensus estimate by 1% and increased 9.5% year over year. 

FTI Consulting shares have gained 1.7% over the past year against the 39.7% decline in the industry it belongs to and a 33.8% rise in the Zacks S&P 500 composite.

FCN’s Segmental PerformanceTechnology revenues increased 5.3% year over year to $102.3 million, driven by higher demand for litigation and information governance, privacy and security services, partially offset by lower demand for investigations and M&A-related second request services.

Economic Consulting revenues dropped 2.4% year over year to $175.65 million, primarily due to lower demand for antitrust services, partially offset by higher demand for financial economic services and higher realized bill rates.

Corporate Finance & Restructuring revenues gained 19.2% year over year to $409.5 million. The increase was primarily driven by higher demand and realized bill rates in turnaround and restructuring, which grew 19%, transactions, up 18%. and transformation, up 20%, compared with the prior-year quarter.

Strategic Communications revenues increased 18.4% year over year to $103 million. The increase was primarily driven by higher demand for corporate reputation, public affairs and financial communications services.

Forensic and Litigation Consulting revenues rose 1.2% year over year to $192.9 million, driven by higher realized bill rates for risk investigation and construction solutions services, partially offset by lower demand for dispute advisory services.

FCN’s Margins ExpandAdjusted EBITDA came in at $96.8 million, down 16% on a year-over-year basis. The adjusted EBITDA margin declined 300 basis points year over year to 9.8%.

FCN’s Balance Sheet and Cash Flow FiguresFTI Consulting exited the quarter with a cash and cash equivalent of $198.3 million compared with $265.1 million in the prior quarter. FCN generated $310 million of cash from operating activities in the quarter. The capital expenditure was $10.6 million.

FCN’s GuidanceFor the full-year 2026, the company currently expects the tax rate to be in the band of 22-24%.

FCN currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotManpowerGroup (MAN - Free Report) reported impressive first-quarter 2026 results, with both earnings and revenues beating the Zacks Consensus Estimate.

MAN’s adjusted earnings (excluding 46 cents from non-recurring items) were 51 cents per share, which surpassed the Zacks Consensus Estimate by one cent and increased 16% from the year-ago quarter’s level. Total revenues were $4.5 billion, which beat the consensus estimate by $171.4 million and improved 10.3% on a year-over-year basis.

Robert Half (RHI - Free Report) reported first-quarter fiscal 2026 earnings of 14 cents per share, in line with the Zacks Consensus Estimate and down 17.6% from the year-ago quarter.

Quarterly revenues were $1.3 billion, down 3.8% year over year and slightly below the consensus mark of $1.31 billion, implying a 0.9% miss. Management pointed to strengthening same-day, constant-currency trends in talent solutions as the quarter progressed and into early April, with contract bill rates up 2.6% from a year ago on an adjusted basis.

WASHINGTON, May 14, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the findings of its third annual Hospital Operations Outlook Survey, which found that 92% of hospital leaders are anticipating major or moderate effects on their financial performance over the next decade as affordability concerns intensify, federal policy shifts take hold and care continues to move beyond the hospital setting.

This year’s findings suggest the pressures facing hospitals are no longer isolated challenges, but interconnected forces affecting financial stability, workforce capacity and care delivery. The hospital leaders surveyed also pointed to physician recruitment constraints (86%), data security and privacy concerns (57%) and workforce shortages and burnout (39%) as among the top pressures shaping the road ahead.

“These are turbulent times for American hospitals and the health system,” said Lauren Crawford Shaver, Head of the Americas Healthcare & Life Sciences practice within the Strategic Communications segment at FTI Consulting. “Healthcare affordability and reform are the driving themes as we head into this year’s midterm elections, which is leading to increased scrutiny of hospitals and how they deliver care and at what cost. The leaders and hospitals that will emerge out of these challenging times will be those that zoom up, see the big picture, and chart a path forward that addresses the problems of today, while planning for the ones of the future.”

Key findings from the survey include:

Hospitals continue to expand digital capabilities, with 92% of respondents saying they are operating digital front doors and 89% said they are supporting integrated virtual-to-physical care models. Despite these efforts, patient wait times have increased (averaging five or more hours), indicating ongoing challenges in patient throughput and potential staffing constraints.When it comes to cybersecurity and technology, hospital leaders’ concerns have shifted. In 2025, AI application in hospital operations was the top tech concern (52%), with cybersecurity second (49%). This year, cybersecurity and data privacy are tied at the top (57%), while AI concerns have moderated to less than 40%, suggesting hospitals may be more comfortable with AI governance.Value-based care, while enabled by digital tools in supporting preventative care, chronic disease management and more integrated scheduling across care-settings is beginning to deliver more consistent improvements in patient experience — jumping from 37% in 2024 to 53% this year — yet, operational challenges continue to hamper significant progress. “For hospitals, there’s a lot of cause for concern amidst the uncertain road ahead,” said Rebecca Ayer Pitt, a Managing Director in the Healthcare & Life Sciences practice within the Strategic Communications segment at FTI Consulting. “However, organizations that are bold and dare to dream big can turn today’s pressures into catalysts for progress. Right now, there is great opportunity for hospitals to reimagine how care is delivered, expand access, and drive more innovative, patient-centered solutions that strengthen the future of healthcare.”

The full survey report can be found here.

About the Survey
FTI Consulting surveyed more than 200 leadership-level decision makers across academic medical centers, health systems, and standalone hospitals between March 11 and March 25, 2026. 

About FTI Consulting 
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com

FTI Consulting, Inc.  
555 12th Street NW  
Washington, DC 20004  
+1.202.312.9100 

Investor Contact:  
Mollie Hawkes 
+1.617.747.1791 
[email protected] 

Media Contact:  
Nick Emmons
+1.617.747.1708
[email protected]

MUNICH, May 19, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of M&A and transactions expert Andreas P. Stöcklin as a Senior Managing Director in the firm’s Corporate Finance segment.

Mr. Stöcklin, who is based in Munich, will lead the firm’s Transactions practice across Continental Europe and support the ongoing expansion of M&A, driving independent board advisory, transaction due diligence, carve-out and valuation capabilities across the region. Mr. Stöcklin will also be a member of the firm’s Europe, Middle East and Africa (“EMEA”) management committee.

“Transactions advisory is a priority area for FTI Consulting across Europe, building on the strong foundations of our UK and the Middle East teams,” said Diederick van der Plas, EMEA Co-Chair and EMEA Head of the Corporate Finance segment at FTI Consulting. “Andreas joins us at an important stage in our growth. He successfully built a pan-European Transactions practice from the ground up and brings precisely the kind of experience we need to scale our offering across Continental Europe. It is great to have him on the team and I look forward to working closely with him.”

Mr. Stöcklin has more than 25 years of experience in cross border transactions across the deal lifecycle and providing independent board advice for publicly listed corporations and leading private equity firms. He has particular expertise in M&A advisory, with a focus on complex carve-outs in the telecom, media and technology and business services sectors. Mr. Stöcklin brings a strong track record in building multidisciplinary transaction teams across Germany and Europe.

Prior to joining FTI Consulting, Mr. Stöcklin held several senior leadership positions at Kroll, where he was a member of the global financial advisory leadership team, head of EMEA Corporate Finance, co-chair of the EMEA management committee and the country leader for Germany.

“As a senior transactions advisor with extensive experience providing board-level advice, Andreas adds significant and immediate value to our clients and team,” said Christian Säuberlich, Country Leader of FTI Consulting in the Germany, Switzerland and Austria (“DACH”) region. “We are committed to growing our Transactions capabilities in Germany to help our clients get deals done and deliver real long-term value. The key to this is combining strong industry knowledge with crucial insights that support decisions at critical points in the deal process. Andreas brings complementary leadership and corporate finance skills that will be instrumental as we strengthen our offering and expand our team to achieve this.”

Commenting on his appointment Mr. Stöcklin said, “FTI Consulting’s global reach, entrepreneurial drive and collaborative culture were a huge draw for me. I look forward to working with this incredibly talented team to continue building a market-leading transactions advisory practice for our corporate and private equity clients.”

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Helen Obi
+44 20 7632 5071
[email protected]

WASHINGTON, May 27, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Damon Yousefy as a Senior Managing Director in the Transactions practice within the firm’s Corporate Finance segment.

Mr. Yousefy, who is based in Dallas, specializes in restructuring and bankruptcy tax and has worked on numerous notable debt restructurings advising companies on complex tax matters. His experience also includes large-scale mergers and acquisitions as well as distressed M&A services across a variety of industries including oil and gas, technology, media, mining and other sectors.

In his role at FTI Consulting, Mr. Yousefy will support companies in financial distress on complex tax issues such as cancellation of debt income, significant modifications, liability management transactions, and partnership tax considerations in restructurings. He will also help clients through tax due diligence, structuring, and tax modeling for U.S. and international transactions.

“Geopolitical instability and high energy prices are impacting multiple industries, while interest rates and private credit stress add pressure to leveraged companies,” said Melissa Wichman, Co-Leader of U.S. Tax Advisory at FTI Consulting. “Damon’s track record of delivering value through early tax intervention and his ability to work across industries will be instrumental to help our clients successfully navigate market volatility.”

Prior to joining FTI Consulting, Mr. Yousefy was a Managing Director at Alvarez & Marsal, where he managed distressed client engagements and led multi-billion-dollar debt restructuring and bankruptcy tax engagements. He previously worked at PwC, where he focused on M&A and restructuring tax services.

Commenting on his appointment, Mr. Yousefy said, “FTI Consulting is known in the industry as a leading restructuring firm, capable of offering clients fully integrated and comprehensive tax support. I look forward to joining my colleagues as we anticipate challenges, preserve liquidity and unlock value for our clients.”

About FTI Consulting 
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at fticonsulting.com

FTI Consulting, Inc.  
555 12th Street NW  
Washington, DC 20004  
+1.202.312.9100 

Investor Contact:  
Mollie Hawkes 
+1.617.747.1791 
[email protected] 

Media Contact:  
Sam Ford 
+1.617.480.7402
[email protected]

LONDON, June 01, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Liz Lynch as a Senior Managing Director within the firm’s Strategic Communications segment.

Ms. Lynch, who is based in London, brings almost 20 years of experience advising businesses and senior leaders on strategic communications, notably in relation to corporate reputation, public affairs and crisis events. She has supported executive teams through periods of transformation, regulatory scrutiny and other high-stakes situations, with significant expertise in crisis leadership, stakeholder engagement, corporate positioning and campaigning.

In her role at FTI Consulting, Ms. Lynch will join the Corporate Reputation practice, where she will advise boards, C-suite leaders and corporate affairs teams on event-driven and critical reputational issues.

“Liz brings an outstanding combination of corporate affairs, policy and crisis management experience,” said Ant Moore, Head of the Corporate Reputation practice within FTI Consulting’s Strategic Communications segment in London. “Her experience leading communications responses and, from her time in-house, external affairs during periods of intense change, combined with her strategic judgement and understanding of complex stakeholder environments, is a huge asset to our clients and our team.”

Prior to joining FTI Consulting, Ms. Lynch was a Partner at Apella Advisors. Before this, she served as Head of External Affairs & Public Policy at TSB Bank, where she played a leading role in managing the bank’s communications and stakeholder engagement during a period of significant transformation and scrutiny. Earlier in her career, she held roles across Parliament and broadcast journalism, including positions with the BBC.

Commenting on her appointment, Ms. Lynch said, “I’m delighted to join FTI Consulting at a time when organisations are looking to strategic communications to help them navigate external complexity with real clarity and confidence. I look forward to working with the team to bring our unparalleled breadth and depth of expertise to clients."

Charles Armitstead, Head of the UK Strategic Communications segment at FTI Consulting, added, “Liz is another excellent addition to our growing senior team in London. Her appointment reflects the momentum across our Strategic Communications business as we continue investing in senior talent and integrated capabilities to support clients facing increasingly complex reputational, regulatory and market challenges.”

Ms. Lynch’s appointment follows a series of recent senior hires across FTI Consulting’s Strategic Communications business in London, including Benedict Brogan, Duncan Mavin and Mike Davies.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact:                                
Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact:
Manisha Chowdhury
+44 7908018988
[email protected]

Company repurchased approximately 19.1 million shares at an average price per share of $107.94 since June 2016 June 05, 2026 07:30 ET  | Source: FTI Consulting, Inc.

WASHINGTON, June 05, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that on June 3, 2026, FTI Consulting’s Board of Directors authorized an additional $370.0 million to repurchase shares of its outstanding common stock under its stock repurchase program. As of June 2, 2026, FTI Consulting has repurchased an aggregate of approximately 19.1 million shares at an average price per share of $107.94 since the repurchase program was originally authorized in June 2016, for an aggregate cost of approximately $2.1 billion. After giving effect to share repurchases through that date and the increased authorization, FTI Consulting has approximately $507.4 million remaining available for common stock repurchases under its program. No time limit has been established for the completion of FTI Consulting’s stock repurchase program, and the program may be suspended, discontinued or replaced by the Board at any time without prior notice.

Under its stock repurchase program, FTI Consulting may repurchase shares of its common stock in open-market purchases or by any other method in accordance with applicable securities laws and other laws, rules and regulations. The specific timing, price and amount of repurchases will be determined by FTI Consulting’s management, in its discretion, and will vary based on market conditions, securities law limitations, applicable laws, rules and regulations, and other factors. The repurchases may be funded using available cash on hand or a combination of cash and available borrowings under FTI Consulting’s senior secured revolving bank credit facility.

About FTI Consulting

FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of March 31, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact, including among other things, statements about plans for common stock repurchases, are forward-looking statements. When used in this release, words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” “may” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon FTI Consulting’s expectations at the time it makes them and various assumptions. FTI Consulting’s expectations, beliefs and projections are expressed in good faith, and it believes there is a reasonable basis for them. However, there can be no assurance that management’s plans, expectations or forecasts will be achieved. Factors that could cause changes to FTI Consulting’s plans, expectations or forecasts include risks described under the heading “Item 1A Risk Factors” in FTI Consulting’s Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026, and in FTI Consulting’s other filings with the SEC. FTI Consulting is under no duty to update any of the forward-looking statements to conform such statements to actual results or events and does not intend to do so.

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor & Media Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]

WASHINGTON, June 09, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of former healthcare executive Sean O'Reilly as a Senior Managing Director in the firm's Healthcare Risk Management & Advisory practice.

LAVON, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), has announced the development of Nicholson Ranch, a new 1,635-lot master-planned community in Lavon, Texas. Ranked as one of the fastest-growing areas in North Texas, Lavon is attracting homebuyers with its surge of new residential developments, affordable housing options, and a desirable location in the DFW Metroplex near Lavon Lake, offering convenient access to the region's ameniti.

PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”), the third largest homebuilder in Dallas-Fort Worth, announced that it will release its financial results for the first quarter ended March 31, 2026, after the market closes on April 29, 2026. Jim Brickman, Green Brick's CEO, will host an earnings conference call to discuss its results at 12:00 p.m. Eastern Time on Thursday, April 30, 2026. The call will be webcast on the Company's website In.

PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) is proud to announce that its homebuilding brands—CB JENI Homes, Normandy Homes, and Southgate Homes—earned eight honors at the 2026 McSAM Awards. Presented annually by the Dallas Builders Association, the McSAM Awards honor excellence in sales, marketing, and residential design across the Dallas Metroplex. This year's recognition underscores Green Brick Partners' continued commitment to excellence through differentiated bra.

PLANO, Texas--(BUSINESS WIRE)--Green Brick Partners, Inc. (NYSE: GRBK) (“we,” “Green Brick” or the “Company”) today reported results for its first quarter ended March 31, 2026. Net income attributable to Green Brick in the first quarter of 2026 was $60.9 million, resulting in diluted earnings per share of $1.39. The company delivered 908 homes. Net new sales orders were 1,037 for the quarter, with the monthly sales pace for the first quarter of 2026 decreasing slightly to 3.4, as compared to 3.

Green Brick Partners, Inc. (GRBK) Q1 2026 Earnings Call Transcript

Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) ("Goldgroup" or the "Company") announces, further to its news release dated January 26, 2026, the Company has entered into an amendment (the "Amendment") with Gold Resource Corporation ("GRC") and Goldgroup Merger Sub Inc., a Colorado corporation and direct subsidiary of Goldgroup ("Purchaser Sub") to the previously announced Arrangement Agreement and Plan of Merger dated January 25, 2026 (the "Arrangement Agreement") by and among the parties, whereby Goldgroup has agreed to acquire all of the issued and outstanding shares of GRC's common stock (the "Transaction").

The Amendment

The Arrangement Agreement provides that, among other things and subject to the terms and conditions of the Arrangement Agreement, the proposed Transaction will occur by way of a reverse triangular merger in which GRC will merge with a wholly owned subsidiary of Goldgroup under Colorado law (the "Merger") and a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), with GRC surviving as a wholly owned subsidiary of Goldgroup. Upon completion of the Transaction, GRC stockholders are expected to own approximately 40% of the combined company on a fully-diluted in-the-money basis with Goldgroup's current shareholders holding the remaining approximately 60% interest.

The Arrangement Agreement originally contemplated that, immediately prior to the effective time of the Merger, Goldgroup would consolidate all of its issued and outstanding common shares without par value (each whole share, a "Goldgroup Share") at a ratio of one post-consolidation Goldgroup Share for every four pre-consolidation Goldgroup Shares. Pursuant to the Amendment, the parties have agreed to replace the four-to-one consolidation ratio with a consolidation ratio to be determined jointly by Goldgroup and GRC, and approved by the TSX Venture Exchange (the "TSXV") prior to the effective date of the Merger. The Arrangement Agreement provides, among other things, that Goldgroup will apply to list the Goldgroup Shares on the NYSE American (the "NYSE American Listing"), which listing will be completed following the closing of the Merger and is subject to Goldgroup fulfilling all the listing requirements of the NYSE American. The Consolidation is being undertaken by Goldgroup in order to meet the listing requirements of the NYSE American and to facilitate the NYSE American Listing. The Consolidation is subject to, among other things, the approval of the TSXV, which approval is subject to compliance with the requirements of the TSXV, including, if applicable, shareholder approval.

Board Nominees

Below are the names and biographies of the parties' anticipated selections as prospective directors of the combined company:

Ron Little - Mr. Little has been a member of the board of directors of GRC (the "GRC Board") since February 8, 2021, and currently serves as its Interim Chair. Mr. Little is a Professional Engineer, geologist and entrepreneur who has developed mining projects in Canada, South America and Africa. He was the founder and CEO of Orezone Resources and Orezone Gold Corporation for over 20 years and built one of the most successful exploration and mine development track records in Burkina Faso. He is and has been a director and advisor to other public companies and not for profit entities. Mr. Little holds a Bachelor of Science in Engineering (Geological) from Queen's University in Kingston and is also a designated graduate of the Institute of Corporate Directors (ICD.D). He is currently the President and CEO of Wolfden Resources.

Lila Manassa Murphy - Ms. Manassa Murphy has been a member of the GRC Board since January 1, 2021. Ms. Manassa Murphy, CFA, CPA has been the Chief Financial Officer of Dundee Corporation (TSX: DC.A) since May 2021. Her areas of oversight include Finance, Investor Relations, Information Technology, Legal, Compliance and Human Resources. Her experience during her tenure includes M&A, restructuring, establishing joint venture partnerships, and assessing investment and acquisition opportunities. She also sits on the board of Green Brick Partners (NYSE: GRBK). Prior to her role at Dundee Corporation, Ms. Manassa Murphy had over 25 years of investment management experience and fiduciary responsibility. She is a Chartered Financial Analyst and a Certified Public Accountant. She holds a Bachelor of Arts degree from New York University and is a member of the Latino Corporate Directors Association (LCDA).

Nicole Adshead-Bell - Ms. Adshead-Bell is President of Cupel Advisory Corp., a private company she founded focused on mining sector investments and advisory services. She most recently served as Managing Director and CEO of Beadell Resources Ltd., having transitioned from Independent Director in 2016 to CEO in 2018, until the company's acquisition in March 2019. Her prior experience includes serving as Director of Mining Research at Sun Valley Gold LLC, a global precious metals investment fund, and as Managing Director, Investment Banking at Haywood Securities Inc. Dr. Adshead-Bell is a geologist with over 29 years of combined mining industry and capital markets experience spanning exploration, development, mining operations, investment research, investment banking, and corporate leadership. She also has more than three decades of cumulative public company board experience with precious and base metals companies listed in Canada, the United States, Australia, and the United Kingdom, including exploration, development, producing, and royalty companies. Her broad experience has included participation across a wide range of board committee functions, including audit, compensation, nominating and governance, technical, and special committees. Dr. Adshead-Bell holds a Ph.D. in Structural and Economic Geology, a First Class Honours degree in Structural Geology, and a B.Sc. in Geology and Archaeology, all from James Cook University.

Luis Felipe Medina Aguirre - Mr. Medina Aguirre is an Environmental Engineer with more than 31 years of experience in the mining industry. Since 2023, he has been General Director of Minas de San Nicolás, S.A.P.I. de C.V. (a joint venture of Agnico Eagle Mines Limited and Teck Resources Limited). Among his positions in the mining industry in Mexico, he has been President of the Chihuahua Mining Cluster; Administrative Vice President of the Association of Mining Engineers, Metallurgists and Geologists of Mexico; President of the XXXI International Mining Convention; Treasurer of the Mining Cluster of Sonora; member of the board of directors of the Mining Chamber of Mexico and current President of the Sustainable Commission; and member of the Canadian Chamber of Commerce in Mexico and Nacional Financiera in the State of Chihuahua. Since 2024, Mr. Medina Aguirre has been the Chairman of the Mining Commission of the Canadian Chamber of Commerce. Since 2025, he has been a member of the Investment Promotion Committee of the State of Zacatecas, a designation granted by both the Federal and State Secretariats of Economy.

Francisco Javier Reyes de la Campa - Mr. Reyes de la Campa has co-founded various firms in finance, mining, oil and gas and agriculture and foods. His strategic leadership was crucial in the turnaround in 2020 of Luca Mining, a producing company with assets in Mexico recently included in the 2025 TSX Venture 50TM list of top performing companies. He has also served as the Country Manager for Goldgroup since September 2021. Prior to joining Goldgroup, he served as President and CEO of Antares Capital Management and Private Equity CP (formerly Credipresto), two respected firms with over 15 years of experience in the natural resource and agro sector, particularly in Latin America. An alumnus of Harvard Business School, Mr. Reyes holds dual Bachelor's degrees in Economics and Business Administration, as well as a Master's degree in Finance from Instituto Tecnológico Autónomo de México.

About GRC

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, GRC's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com.

About Goldgroup

Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the Company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com.

On behalf of the Board of Directors

"Ralph Shearing"

Ralph Shearing, CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

CAUTIONARY NOTES REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this news release, including any information relating to future financial or operating performance, may be considered "forward-looking information" (within the meaning of applicable Canadian securities law) and "forward-looking statements" (within the meaning of the United States Private Securities Litigation Reform Act of 1995). These statements include, without limitation, statements relating to the anticipated selections of board nominees for the combined company to be formed on completion of the Arrangement.

These forward-looking statements reflect Goldgroup's current internal projections, expectations or beliefs and are based on information currently available to Goldgroup. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking information, and are developed based on assumptions about such risks, uncertainties and other factors, including, without limitation: receipt of all required TSXV, regulatory and other interested party approvals in connection with the Arrangement, including BC Supreme Court approval of the Arrangement; that the conditions precedent to the completion of the Transaction, including but not limited to TSXV, regulatory, shareholder and court approvals, might not be obtained in a timely manner or at all; uncertainties related to actual capital costs operating costs and expenditures; production schedules and economic returns from Goldgroup's projects; timing to integrate the Transaction and acquisitions (Molimentales and the San Francisco Mine) and timing to complete additional exploration and technical reports; uncertainties associated with development activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries; uncertainties related to current global economic conditions; fluctuations in precious and base metal prices; uncertainties related to the availability of future financing; potential difficulties with joint venture partners; risks that Goldgroup's title to its property could be challenged; political and country risk; risks associated with Goldgroup being subject to government regulation; risks associated with surface rights; environmental risks; Goldgroup's need to attract and retain qualified personnel; risks associated with potential conflicts of interest; Goldgroup's lack of experience in overseeing the construction of a mining project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks associated with potential legal proceedings; risks associated with community relations; outside contractor risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human rights; and risks related to the need for reclamation activities on Goldgroup's properties, as well as the risk factors disclosed in Goldgroup's MD&A. Any and all of the forward-looking information contained in this news release is qualified by these cautionary statements.

Although Goldgroup believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except as may be required by, and in accordance with, applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297659

Source: Goldgroup Mining Inc.

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

The fund outperformed the Russell Midcap Growth Index during the first quarter that ended March 31, 2026. Vertiv Holdings Co. benefited from a sharp acceleration of growth in its order book and continued ability to win market share from legacy players in the cooling space. Curtiss-Wright Corp. reported a strong quarter with solid results and steady backlog growth, and we maintained our position as we view the company as a durable compounder.

DAVIDSON, N.C.--(BUSINESS WIRE)---- $CW--Curtiss-Wright Corporation (NYSE: CW) today announced that it has entered into a new credit agreement with a group of nine banks increasing the size of its revolving credit facility to $1 billion, while also expanding the accordion feature to $500 million. The new replacement credit facility has a five-year term set to mature in May 2031. The prior credit facility which was set to expire in May 2027 has been terminated. “We are pleased to announce the successful.

On May 20, 2026, Curtiss-Wright Corp CW shares rose 3.1% to a current price of $726.65. Over the past week, the stock has seen a decline of 3.2%, while in the last month, it has decreased by 0.5%. However, the year-to-date performance remains strong with a notable increase of 31.9%, and the stock has surged by 73.7% over the past year. The 52-week range for CW shares has been between $412.92 and $760.72.

GF Value™ verdict: The current price of $726.65 is 86.6% above the GF Value™ estimate of $389.44, indicating significant overvaluation.GF Score™: CW has a GF Score™ of 83/100, which is considered strong and suggests solid long-term potential.Notable signal: Insider activity has shown that insiders sold $4.9M in stock over the last three months with no buying activity reported. Is CW Overvalued or Undervalued? Curtiss-Wright Corp's current price of $726.65 is substantially higher than the GF Value™ of $389.44, indicating that the stock is significantly overvalued by 86.6%. This discrepancy highlights a lack of margin of safety for potential investors, as the market price greatly exceeds the intrinsic value determined by GuruFocus' methodology. The GF Valuation label describes CW as significantly overvalued, which raises concerns about the sustainability of its current price levels. If the stock price does not align with the underlying fundamentals, there is a risk of a price correction in the future.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, potential investors may want to approach with caution, as the risk of a decline exists in an environment where the stock is trading far above its calculated fair value.

How Does CW's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 53.2x 24.9x Forward P/E 47.7x — The current P/E (TTM) of 53.2x is 114% above its 5-year median P/E of 24.9x, indicating that CW is trading above its historical valuation levels. This analysis aligns with the GF Value™ verdict of overvaluation, suggesting that the premium being paid for CW shares may not be justified based on historical earnings performance.

What Does CW's GF Score™ Tell Us? Metric Rating GF Score™ 83 Financial Strength 7/10 Profitability 9/10 Growth 9/10 Valuation 1/10 Momentum 9/10 The GF Score™ of 83/100 indicates that Curtiss-Wright has a strong overall assessment, particularly in profitability and growth, which are rated 9/10. However, the valuation score is notably low at 1/10, reflecting the significant overvaluation as per GF Value™. This disparity suggests that while the company has strong operational metrics, its current market price does not reflect these strengths appropriately.

What Are Insiders Doing with CW Stock? Over the last three months, insider activity at Curtiss-Wright has shown a significant selling trend, with insiders selling $4.9M worth of shares and no reported buying activity. This pattern may suggest that those closest to the company lack confidence in the current valuation or future price appreciation, which could be a red flag for potential investors.

The absence of insider buying, coupled with substantial selling, can indicate that insiders may believe the stock is overvalued at current prices, further corroborating the concerns raised by the GF Value™ assessment.

What This Means for Investors Based on the GF Value™ analysis, Curtiss-Wright Corp CW is deemed overvalued at its current price of $726.65. The significant gap between the market price and the GF Value™ suggests caution for potential investors, as the stock may be susceptible to price corrections in the future.

For the complete analysis, visit the Curtiss-Wright Corp CW stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is CW's GF Score™?

CW has a GF Score™ of 83/100, indicating a strong overall assessment based on key aspects of financial strength, profitability, growth, valuation, and momentum.

Is CW overvalued or undervalued?

CW is considered overvalued, with a current price of $726.65 that is 86.6% higher than the GF Value™ of $389.44.

What is CW's P/E ratio?

The P/E ratio (TTM) for CW is 53.2x, which is significantly above its 5-year median P/E of 24.9x, indicating that the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Curtiss-Wright Corporation (CW) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript

Key Takeaways Curtiss-Wright is benefiting from submarine programs and rising commercial aerospace demand.CW posted 20.7% Naval & Power sales growth and 12.3% Aerospace & Industrial growth in Q1.KTOS is expanding in unmanned systems and hypersonics through new defense contracts and orders. With geopolitical tensions and national security concerns continuing to escalate worldwide, defense spending is increasing globally, putting companies such as Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) and Curtiss-Wright (CW - Free Report) in the spotlight. Both companies maintain strong exposure to the U.S. defense market and generate a substantial share of their business from government and military-related programs.

The two companies are expected to benefit from ongoing growth in U.S. and allied military expenditures, especially as defense agencies prioritize modernization initiatives and next-generation technologies.

Kratos Defense is leveraging demand for unmanned aerial systems, missile defense, and space-focused capabilities, while Curtiss-Wright continues to capitalize on its portfolio of specialized components, electronic systems, and engineered technologies used across defense and aerospace applications. Their strategically important offerings position both companies to capture long-term opportunities tied to evolving military requirements and advanced defense infrastructure.

Let's compare the stocks' fundamentals to determine which one is a better investment option at present.

Factors Acting in Favor of KTOS StockKratos is the primary unmanned aerial target drone system provider for the U.S. Air Force, Navy, Army and several allied defense agencies, which has led to multiple recent contracts and partnerships that are expanding its presence in the global UAS market. In March 2026, the company received an approximately $7 million contract for a Counter-UAS System designed to detect, track and classify threats, including low-profile unmanned aerial systems, cruise missiles and other aerial systems.

Apart from manufacturing unmanned aerial drone systems, Kratos Defense focuses on expanding its product portfolio with other products, especially in hypersonics. The company currently holds orders for multiple Erinyes and DarkFury hypersonic vehicles for upcoming and anticipated hypersonic missions.

Factors Acting in Favor of CW StockIncreased demand for submarine programs, backed by solid budget funding provided by the U.S. administration, has been benefiting Curtiss-Wright, which offers products that support nuclear propulsion systems on naval vessels. During the first quarter of 2026, sales in its Naval & Power segment increased 20.7% year over year, with higher revenues supporting next-generation submarine development serving as a key growth catalyst.

Steadily improving global air traffic over the past few quarters has proved beneficial for Curtiss-Wright, which supplies critical components and systems for both commercial and defense aerospace markets. As airlines and aircraft manufacturers ramp up production and maintenance activities, demand for Curtiss-Wright’s engineered products, such as flight control actuators, sensors and valves, is rising. Evidently, sales from its Aerospace & Industrial segment grew 12.3% year over year in the first quarter of 2026, partially driven by higher revenues from the commercial aerospace market, on account of increased demand and higher OEM sales of sensor products and surface treatment services on narrowbody and widebody jets.

How Do Zacks Estimates Compare for KTOS & CW?The Zacks Consensus Estimate for Kratos Defense’s 2026 earnings per share (EPS) indicates an increase of 32.73% year over year.
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Curtiss-Wright’s 2026 EPS indicates an increase of 14.59% year over year.

Image Source: Zacks Investment Research

Valuation for KTOS & CWKTOS shares trade at a forward 12-month Price/Sales (P/S F12M) of 5.64X compared with CW’s 6.97X.

KTOS & CW’s Return on Equity (ROE)ROE measures how efficiently a company is utilizing its shareholders’ funds to generate profits. Kratos Defense’s current ROE is 4.3% compared with Curtiss-Wright’s 20%.

KTOS & CW’s Price PerformanceIn the past six months, shares of Curtiss-Wright have risen 29.9%, while those of Kratos Defense have declined 25.9%, compared to the industry’s growth of 15.9%.

Image Source: Zacks Investment Research

KTOS or CW: Which Is a Better Choice Now?Kratos Defense continues to strengthen its position in the unmanned aerial systems market through new defense contracts and partnerships with U.S. and allied military agencies. The company is also expanding beyond drone systems by growing its hypersonics portfolio, supported by increasing demand for advanced mission technologies. Curtiss-Wright is benefiting from strong demand tied to submarine modernization programs and rising naval defense investments, which continue to support growth across its defense-related operations. The company is also seeing increased momentum in commercial aerospace as higher aircraft production and maintenance activity drive demand for its specialized aerospace components and systems.

Our current preference is Curtiss-Wright, given its current price performance and strong ROE than Kratos Defense. CW has a Zacks Rank #2 (Buy) and KTOS carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Investors interested in stocks from the Aerospace - Defense Equipment sector have probably already heard of Airbus SE - Unsponsored ADR (EADSY) and Curtiss-Wright (CW). But which of these two stocks presents investors with the better value opportunity right now?

A month has gone by since the last earnings report for Curtiss-Wright (CW - Free Report) . Shares have added about 2.6% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Curtiss-Wright due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Curtiss-Wright Q1 Earnings Outpace Estimates, Revenues Increase Y/Y

Curtiss-Wright reported adjusted earnings per share (EPS) of $3.48, which beat the Zacks Consensus Estimate of $3.32 by 4.8%. The bottom line also came in higher than the year-ago quarter’s earnings of $2.82 per share.

The company reported GAAP earnings of $3.46 per share, up 29.1% from the prior-year period.

CW’s Operational PerformanceThe company’s net sales of $913.7 million increased 13.4% year over year. The top line beat the Zacks Consensus Estimate of $867 million by 5.4%.

The company reported an adjusted operating income of $160 million, up 19.4% year over year. Its adjusted operating margin was 17.6%, up 100 basis points (bps).

Curtiss-Wright’s total backlog at the end of the first quarter was $4.3 billion.

New orders of $1.2 billion rose 16% year over year, driven by the strong demand in the company’s naval defense, commercial nuclear and industrial end markets.

CW’s Segmental PerformanceAerospace & Industrial: Sales in this segment improved 12% year over year to $255 million.

The adjusted operating income increased 24% to $39 million. Also, the unit’s adjusted operating margin expanded 150 bps to 15.4%.

Defense Electronics: Sales in this segment improved 5% year over year to $256 million.

The unit’s adjusted operating income improved 7% to $72 million. The adjusted operating margin expanded 60 bps to 28.1%.

Naval & Power: Sales in this segment increased 21% year over year to $402 million.

The segment's adjusted operating income increased 33% to $60 million. The adjusted operating margin expanded 140 bps to 14.9%.

Financial Position of CWCW’s cash and cash equivalents as of March 31, 2026, were $343.4 million compared with $371.3 million as of Dec. 31, 2025.

The long-term debt was $757.6 million compared with $757.9 million as of Dec. 31, 2025.

The net cash outflow from operating activities amounted to $6 million during the first three months of 2026 compared with $39 million in the prior-year period.

The free cash outflow as of March 31, 2026, was $17 million compared with $55 million a year ago.

2026 Guidance of CWCW expects to generate adjusted earnings in the band of $14.90-$15.30 per share. The Zacks Consensus Estimate for earnings is pegged at $15.08 per share, which lies below the midpoint of the company’s guided range.

Curtiss-Wright expects to generate sales in the range of $3.74-$3.80 billion. The Zacks Consensus Estimate for sales is pegged at $3.75 billion, which lies below the midpoint of the company’s guidance.

The company expects to generate free cash flow in the band of $580-$600 million.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.

VGM ScoresAt this time, Curtiss-Wright has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a score of F on the value side, putting it in the lowest quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Curtiss-Wright has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerCurtiss-Wright is part of the Zacks Aerospace - Defense Equipment industry. Over the past month, ATI (ATI - Free Report) , a stock from the same industry, has gained 11.3%. The company reported its results for the quarter ended March 2026 more than a month ago.

ATI reported revenues of $1.15 billion in the last reported quarter, representing a year-over-year change of +0.6%. EPS of $1.00 for the same period compares with $0.72 a year ago.

ATI is expected to post earnings of $0.99 per share for the current quarter, representing a year-over-year change of +33.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for ATI. Also, the stock has a VGM Score of C.

Curtiss-Wright (CW - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Curtiss-Wright is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Curtiss-Wright imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Curtiss-WrightThis engineering firm is expected to earn $15.16 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Curtiss-Wright. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Curtiss-Wright to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.