Navigant Consulting 8-K Navigant Reports Second Quarter 2013 Results

Exhibit 99.1

NAVIGANT REPORTS SECOND QUARTER 2013 RESULTS

• Revenues before reimbursements were $189.7 million for second quarter 2013, an increase of 5% over the prior year quarter. Total revenues were $213.1 million for second quarter 2013, an increase of 4% over the prior year quarter.

• Net income for second quarter 2013 was $14.0 million, an increase of 46% over the prior year quarter.

• Adjusted EBITDA for second quarter 2013 increased 40% compared to the same period in 2012, to $34.1 million. Adjusted EBITDA margin improved 450 basis points to 18% for the second quarter 2013 compared to the same period in 2012.

• EPS for second quarter 2013 increased 50% year over year to $0.27. Adjusted EPS for the second quarter 2013 increased 48% year over year to $0.31.

• Repurchased 579,694 shares of common stock in second quarter 2013 at an average price of $12.85 per share.

CHICAGO, July 30, 2013 –Navigant (NYSE:NCI) today announced financial results for the second quarter ended June 30, 2013.

Navigant reported second quarter 2013 revenues before reimbursements (RBR) of $189.7 million, compared to $181.5 million for second quarter 2012, a 5% increase. RBR growth for the quarter was led by especially strong results from the Healthcare segment, with a 30% increase in RBR, and a 12% increase in RBR from the Energy segment. Total revenues were $213.1 million for the second quarter 2013, compared to $204.6 million for second quarter 2012, an increase of 4%.

Adjusted EBITDA of $34.1 million for second quarter 2013 rose 40% compared to $24.4 million for second quarter 2012, with Adjusted EBITDA margin (Adjusted EBITDA as a percentage of RBR) at 18% for second quarter 2013, compared to 13% for the same period in 2012. The improvement in margin was due to a 9% increase in segment operating profit and a 9% reduction in general and administrative expenses. The decrease in general and administrative expenses was due to reduced information technology costs, lower bad debt expense and lower facilities costs.

Net income for second quarter 2013 was $14.0 million, compared to $9.6 million in the prior year quarter, an increase of 46%. Effective income tax rate was 43% for second quarter 2013 compared to 41% for second quarter 2012.

Earnings per share (EPS) were $0.27 for second quarter 2013, compared to $0.18 for second quarter 2012, a 50% increase. Adjusted EPS were $0.31 for second quarter 2013, compared to $0.21 for second quarter 2012, an increase of 48%.

“We realized growth in revenues and a significant increase in profitability while making additional progress on our long-term strategic objectives in the period,” commented Julie Howard, Chief Executive Officer. “Healthcare and Energy, which represent higher growth markets, performed well, and the Financial, Risk & Compliance segment exceeded our expectations on the strength of the diversity of our offerings and our ability to quickly identify and transition resources to new work. Moving forward, we will continue to pursue opportunities that solidify Navigant’s leadership in the financial services, healthcare, and energy sectors while optimizing our portfolio for sustainable, profitable growth.”

Segment Financial Highlights

	For the quarter ended June 30,
	2013			2012			Change
RBR ($000)
Disputes, Investigations & Economics	$	76,352		$	81,350			-6.1	%
Financial, Risk & Compliance		42,738			42,800			-0.1	%
Healthcare		46,814			36,022			30.0	%
Energy		23,803			21,357			11.5	%
Total Company	$	189,707		$	181,529			4.5	%
Total Revenues ($000)
Disputes, Investigations & Economics	$	82,828		$	86,894			-4.7	%
Financial, Risk & Compliance		50,376			52,847			-4.7	%
Healthcare		52,383			40,839			28.3	%
Energy		27,505			24,020			14.5	%
Total Company	$	213,092		$	204,600			4.2	%
Segment Operating Profit ($000)
Disputes, Investigations & Economics	$	25,393		$	27,995			-9.3	%
Financial, Risk & Compliance		16,440			15,402			6.7	%
Healthcare		18,110			11,463			58.0	%
Energy		8,075			7,475			8.0	%
Total Company	$	68,018		$	62,335			9.1	%
Segment Operating Margin (% of RBR)
Disputes, Investigations & Economics		33.3	%		34.4	%		-1.1	%
Financial, Risk & Compliance		38.5	%		36.0	%		2.5	%
Healthcare		38.7	%		31.8	%		6.9	%
Energy		33.9	%		35.0	%		-1.1	%
Total Company		35.9	%		34.3	%		1.6	%

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Healthcare RBR increased 30% for second quarter 2013 compared to the same quarter of 2012. Approximately two-thirds of the increase was organically driven growth. Navigant’s strength in strategy consulting and expertise across industry disciplines continued to meet growing client needs to address the challenges of the Affordable Care Act, Medicaid managed care and other industry reforms. Second quarter 2013 Healthcare segment operating profit increased 58% compared to second quarter 2012 reflecting exceptional RBR growth while costs increased only modestly, demonstrating the benefits of scaling this business.

Energy RBR increased 12% for second quarter 2013 compared to second quarter 2012. Segment growth was driven by demand for energy efficiency solutions from utility clients and the U.S. federal government as they focus on reducing energy consumption. Second quarter 2013 Energy segment operating profit increased 8% compared to second quarter 2012 primarily due to increased RBR.

Financial, Risk & Compliance RBR for second quarter 2013 was flat with the prior year quarter and ahead of Company expectations. Segment performance was driven by a greater than expected contribution from mortgage servicing review engagements that are winding down coupled with increased activity on regulatory compliance, including anti-money laundering engagements. These factors were offset by reduced activity in the restructuring area and lower revenues related to a portion of Navigant’s financial services business based in the UK, which was sold early in third quarter 2013. Second quarter 2013 Financial, Risk & Compliance segment operating profit increased 7% compared to second quarter 2012 due to effective cost management.

Disputes, Investigations & Economics RBR declined 6% for second quarter 2013 compared to the same period of 2012. The decrease was primarily the result of the first quarter 2013 disposition of a portion of the Economics practice. Contributions from the December 2012 acquisition of AFE Consulting offset a portion of the revenues lost through the disposition. Second quarter 2013 Disputes, Investigations & Economics segment operating profit decreased 9% compared to second quarter 2012 principally due to the decline in RBR, partially offset by cost reductions.

Cash Flow

Free cash flow was $24.4 million for second quarter 2013, an increase of 15% compared to second quarter 2012.

$36.5 million of cash was used to pay down debt during second quarter 2013. Debt levels were 24% lower at June 30, 2013 compared to year earlier levels, reflecting continued strong operating cash flow. Leverage (Debt divided by trailing twelve month Adjusted EBITDA) improved to 1.03 at June 30, 2013 compared to 1.61 at June 30, 2012. As of June 30, 2013, the Company had approximately $270 million in additional borrowing capacity under its credit facility.

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Navigant repurchased 579,694 shares of common stock during second quarter 2013, at an aggregate cost of $7.5 million and average cost of $12.85 per share. This compares to 331,900 shares of common stock repurchased during second quarter 2012. As of June 30, 2013, there was $65 million remaining on the Company’s share repurchase authorization.

2013 Outlook

Navigant narrowed its full year 2013 outlook within its original guidance range. Full year 2013 RBR is expected to range between $740 and $770 million while total 2013 revenues are estimated to be between $820 and $850 million. Adjusted EBITDA is anticipated to range between $115 and $120 million and Adjusted EPS is estimated to be between $0.95 and $1.05.

Non-GAAP Financial Information

This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP.

Conference Call Details

Julie Howard and Lucinda (Cindy) Baier will host a conference call to discuss the Company’s second quarter 2013 results at 10:00 a.m. Eastern Time on Tuesday, July 30, 2013. The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.593.8430 (312.470.7390 for international callers) and referencing pass code “NCI.” A replay of the web cast will be available for one year. A report of financial and related supplemental information is available atwww.navigant.com/investor_relations.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries. More information about Navigant can be found atwww.navigant.com.

Statements included in this press release which are not historical in nature are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including “outlook,” “plans,” “goals,” “anticipates,” “believes,”

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“intends,” “estimates,” “expects” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the success of the Company’s organizational changes and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; impairment charges; management of professional staff, including dependence on key personnel, recruiting, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; professional liability; potential legislative and regulatory changes; continued access to capital; and market and general economic conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or atwww.navigant.com/investor_relations. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements.

For additional information contact:

Paul Longhini

Investor Relations

312.583.5836

plonghini@navigant.com

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NAVIGANT CONSULTING, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	For the quarter ended						For the six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Revenues:
Revenues before reimbursements	$	189,707		$	181,529		$	376,964		$	367,909
Reimbursements		23,385			23,071			50,901			43,312
Total revenues		213,092			204,600			427,865			411,221
Costs of services:
Cost of services before reimbursable expenses		125,363			122,243			251,727			246,203
Reimbursable expenses		23,385			23,071			50,901			43,312
Total costs of services		148,748			145,314			302,628			289,515
General and administrative expenses		32,577			35,848			65,060			71,405
Depreciation expense		4,100			3,740			7,830			7,256
Amortization expense		1,713			1,650			3,411			3,375
Other operating costs (benefit):
Contingent acquisition liability adjustments, net		—			620			—			620
Office consolidation		290			—			498			—
Gain on disposition of assets		—			—			(1,715	)		—
Operating income		25,664			17,428			50,153			39,050
Interest expense		1,172			1,426			2,397			2,889
Interest income		(112	)		(181	)		(275	)		(419	)
Other (income) expense, net		6			(144	)		(142	)		(39	)
Income before income tax expense		24,598			16,327			48,173			36,619
Income tax expense		10,648			6,771			20,425			15,421
Net income	$	13,950		$	9,556		$	27,748		$	21,198
Basic net income per share	$	0.28		$	0.19		$	0.55		$	0.42
Shares used in computing net income per basic share		50,041			51,112			50,168			51,072
Diluted net income per share	$	0.27		$	0.18		$	0.54		$	0.41
Shares used in computing net income per diluted share		51,022			51,685			51,191			51,741

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NAVIGANT CONSULTING, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS AND SELECTED DATA

(In thousands, except DSO data)

	June 30,			December 31,
	2013			2012
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	2,588		$	1,052
Accounts receivable, net		204,109			198,709
Prepaid expenses and other current assets		23,463			25,054
Deferred income tax assets		14,329			17,821
Total current assets		244,489			242,636
Non-current assets:
Property and equipment, net		42,236			45,342
Intangible assets, net		12,506			16,123
Goodwill		606,483			619,932
Other assets		26,446			30,417
Total assets	$	932,160		$	954,450
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	12,394		$	18,042
Accrued liabilities		12,446			11,557
Accrued compensation-related costs		60,631			84,813
Income tax payable		1,595			7,129
Other current liabilities		32,311			35,754
Total current liabilities		119,377			157,295
Non-current liabilities:
Deferred income tax liabilities		76,968			67,623
Other non-current liabilities		32,200			35,606
Bank debt non-current		128,064			134,183
Total non-current liabilities		237,232			237,412
Total liabilities		356,609			394,707
Stockholders’ equity:
Common stock		63			62
Additional paid-in capital		592,176			582,363
Treasury stock		(232,262	)		(216,500	)
Retained earnings		230,290			202,542
Accumulated other comprehensive loss		(14,716	)		(8,724	)
Total stockholders’ equity		575,551			559,743
Total liabilities and stockholders’ equity	$	932,160		$	954,450
Selected Data
Days sales outstanding, net (DSO)		79			72

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NAVIGANT CONSULTING, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	For the quarter ended June 30,						For the six months ended June 30,
	2013			2012			2013			2012
Cash flows from operating activities:
Net income	$	13,950		$	9,556		$	27,748		$	21,198
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation expense		4,100			3,740			7,830			7,256
Accelerated depreciation - office consolidation		290			—			498			—
Amortization expense		1,713			1,650			3,411			3,375
Share-based compensation expense		2,874			2,608			5,419			4,939
Accretion of interest expense		234			134			453			274
Deferred income taxes		4,951			6,709			11,973			11,484
Allowance for doubtful accounts receivable		972			1,893			1,227			3,053
Contingent acquisition liability adjustments, net		—			620			—			620
Gain on disposition of assets		—			—			(1,715	)		—
Changes in assets and liabilities (net of acquisitions and dispositions):
Accounts receivable, net		680			(11,404	)		(16,264	)		(29,134	)
Prepaid expenses and other assets		5,806			(6,591	)		7,276			(5,196	)
Accounts payable		(5,629	)		1,810			(5,559	)		449
Accrued liabilities		1,460			1,023			87			2,121
Accrued compensation-related costs		20,644			13,282			(21,428	)		(37,544	)
Income taxes payable		132			(2,404	)		(5,412	)		(2,852	)
Other liabilities		(4,692	)		3,799			21			3,292
Net cash provided by (used in) operating activities		47,485			26,425			15,565			(16,665	)
Cash flows from investing activities:
Purchases of property and equipment		(2,075	)		(3,153	)		(5,755	)		(10,979	)
Proceeds from disposition, net of selling costs		—			—			15,607			—
Payments of acquisition liabilities		(348	)		(356	)		(348	)		(1,106	)
Capitalized external use software		(633	)		(599	)		(2,001	)		(911	)
Other, net		—			—			—			(300	)
Net cash (used in) provided by investing activities		(3,056	)		(4,108	)		7,503			(13,296	)
Cash flows from financing activities:
Issuances of common stock		1,074			1,061			2,145			2,127
Repurchase of common stock		(7,451	)		(4,228	)		(13,645	)		(7,260	)
Payments of contingent acquisition liabilities		(1,287	)		(366	)		(3,287	)		(2,801	)
Repayments to banks		(101,764	)		(86,030	)		(204,444	)		(140,028	)
Borrowings from banks		65,224			67,205			199,338			176,028
Other, net		(507	)		72			(1,452	)		(1,039	)
Net cash (used in) provided by financing activities		(44,711	)		(22,286	)		(21,345	)		27,027
Effect of exchange rate changes on cash and cash equivalents		(69	)		(105	)		(187	)		(35	)
Net increase (decrease) in cash and cash equivalents		(351	)		(74	)		1,536			(2,969	)
Cash and cash equivalents at beginning of the period		2,939			74			1,052			2,969
Cash and cash equivalents at end of the period	$	2,588		$	—		$	2,588		$	—

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NAVIGANT CONSULTING, INC. AND SUBSIDIARIES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(In thousands, except per share data)

(Unaudited)

This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Below are the reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP). This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. Management uses these non-GAAP measures in addition to GAAP measures to assess the Company’s operations and financial results and believes they are useful indicators of operating performance and the Company’s ability to generate cash flows from operations that are available for interest, debt service, taxes and capital expenditures. Investors should recognize that these measures may not be comparable to similarly-titled measures of other companies.

EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings per Share

EBITDA is earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA excludes the impact of severance expense and other operating costs (benefit). Adjusted net income and adjusted earnings per share exclude the net income and per share net income impact of severance expense and other operating costs (benefit). Severance expense and other operating costs (benefit) are not considered to be non-recurring, infrequent or unusual to our business. Management believes that these measures provide investors with enhanced comparability of the Company’s results of operations across periods.

Free Cash Flow

Free cash flow is calculated as net cash provided from operations excluding changes in assets and liabilities and allowance for doubtful accounts receivable less cash payments for property and equipment and deferred acquisition related payments. Free cash flow does not represent discretionary cash available for spending as it excludes certain contractual obligations such as debt repayment. However, management believes that it provides investors with an indicator of cash flows available for on-going business operations and long term value creation.

Leverage Ratio

Leverage ratio is calculated as bank debt at the end of the period divided by adjusted EBITDA for the prior twelve-month period. Management believes that leverage ratio provides investors with an indicator of the cash flows available to repay the Company’s debt obligations.

EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share	For the quarter ended						For the six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Severance expense	$	2,371		$	984		$	3,813		$	1,800
Income tax benefit (1)		(798	)		(310	)		(1,225	)		(608	)
Net income impact of severance expense	$	1,573		$	674		$	2,588		$	1,192
Other operating costs - contingent acquisition liability adjustment	$	—		$	620		$	—		$	620
Income tax benefit (1)		—			(250	)		—			(250	)
Net income impact of other operating costs - contingent acquisition liability adjustment	$	—		$	370		$	—		$	370
Other operating costs - accelerated depreciation - office consolidation	$	290		$	—		$	498		$	—
Income tax benefit (1)		(117	)		—			(201	)		—
Net income impact of other operating costs - accelerated depreciation - office consolidation	$	173		$	—		$	297		$	—
Other operating benefit - gain on disposition of assets	$	—		$	—		$	(1,715	)	$	—
Income tax expense (1)		—			—			692			—
Net income impact of other operating benefit - gain on disposition of assets	$	—		$	—		$	(1,023	)	$	—
EBITDA reconciliation:
Operating income	$	25,664		$	17,428		$	50,153		$	39,050
Depreciation expense		4,100			3,740			7,830			7,256
Accelerated depreciation - office consolidation		290			—			498
Amortization expense		1,713			1,650			3,411			3,375
EBITDA	$	31,767		$	22,818		$	61,892		$	49,681
Severance expense		2,371			984			3,813			1,800
Other operating costs - contingent acquisition liability adjustment		—			620			—			620
Other operating benefit - gain on disposition of assets		—			—			(1,715	)		—
Adjusted EBITDA	$	34,138		$	24,422		$	63,990		$	52,101
Net income	$	13,950		$	9,556		$	27,748		$	21,198
Net income impact of severance expense		1,573			674			2,588			1,192
Net income impact of other operating costs - contingent acquisition liability adjustment		—			370			—			370
Net income impact of other operating costs - accelerated depreciation - office consolidation		173			—			297			—
Net income impact of other operating benefit - gain on disposition of assets		—			—			(1,023	)		—
Adjusted net income	$	15,696		$	10,600		$	29,610		$	22,760
Shares used in computing net income per diluted share		51,022			51,685			51,191			51,741
Adjusted earnings per share	$	0.31		$	0.21		$	0.58		$	0.44

(1) Effective income tax expense (benefit) has been determined based on specific tax jurisdiction.

	For the quarter ended						For the six months ended
Free Cash Flow	June 30,						June 30,
	2013			2012			2013			2012
Net cash provided by (used in) operating activities	$	47,485		$	26,425		$	15,565		$	(16,665	)
Changes in assets and liabilities		(18,401	)		485			41,279			68,864
Allowance for doubtful accounts receivable		(972	)		(1,893	)		(1,227	)		(3,053	)
Purchases of property and equipment		(2,075	)		(3,153	)		(5,755	)		(10,979	)
Payments of acquisition liabilities		(348	)		(356	)		(348	)		(1,106	)
Payments of contingent acquisition liabilities		(1,287	)		(366	)		(3,287	)		(2,801	)
Free Cash Flow	$	24,402		$	21,142		$	46,227		$	34,260

Leverage Ratio	June 30,
	2013		2012
Adjusted EBITDA for prior twelve-month period	$	124,055	$	104,091
Bank debt	$	128,064	$	167,656
Leverage ratio		1.03		1.61

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