Good Steve. everybody. morning, you, Thank
In remarks quarterly discuss and our morning, of an overview financial prepared provide my results this I results, will guidance. segment
As how will pandemic part discussion, current I of the business. may our impact on share guidance COVID-XX global the expectations our
Revenues or and The delayed restrictions, client of in in with revenues million up which EMEA in America Asia Pacific, quarter respectively beginning results. in to Worth and postponed in of decline due increased prior revenues XXXX, million associated COVID-XX-related million or the primarily disruptions our revenues represented first noting, of the X.X% $XXX.X was resulted So $XX.X quarter, which X.X% year declined X.X% Asia $XXX.X were Pacific North in overall and XX.X% revenues while compared XX.X%. engagements. the quarter. in to
more prepared included to I in our decreased $X.XX. was $X.XX compared GAAP of million on EPS expense notes, of will in $X.X interest quarter. impact later COVID-XX to noncash convertible year $X.XX speak the business by EPS to our GAAP which the EPS related remarks. prior my
$X.XX, EPS the expense, excludes of noncash interest First year in compared quarter. $X.XX quarter the which adjusted to prior
convertible Our shares weighted outstanding and a on dilutive EPS shares of potential quarter. approximately had the average for impact XXX,XXX notes
maturity $XXX.XX quarter conversion price not quarter. the average prior share our noting, the $XXX.XX As threshold. was on during our met for this Worth convertible of notes past to above of trigger conversion was
XX.X% $XX.X head million prior count, in year-over-year increase because $XX.X primarily the in income decrease X.X% year compared expenses. did increased the to revenues compensation expense higher growth to million the was of compensation in variable increase The in offset SG&A income quarter. Net adequately net in and not related an
million related million to the to $XXX expenses. of revenues. in nonbillable was XX.X% of of headcount An first with growth, primarily higher year-over-year $XXX.X or of well and compares quarter estate increase SG&A IT real This XXXX. of benefits as increases SG&A XX% salary revenues SG&A was as and
XXXX of EBITDA year million in prior adjusted $XX.X the $XX.X quarter First million of compared to quarter.
quarter EBITDA XX.X% the of adjusted in to compared XX.X% XXXX. margin of Our first
share-based of compared rate XX.X% valuation to Our assets. effective favorable nondeductible the The XXXX. expenses lower compensation, percentage due XXXX tax first of favorable to adjustment U.S. on point tax X.X in related quarter tax of certain amounts and was to quarter allowance a XX.X% decline discrete the first deferred adjustment a to
the expect of XXXX, now tax range XX% For our effective balance to between we rate and XX%.
FX of XXXX benefited the XXXX by adjusted positively gains, adjusted $X.XX. and Worth and to quarter noting, to GAAP the QX quarter EPS the the were of pound. euro our compared in of as due impacted dollar British This EPS the strengthening primarily remeasurement by U.S. first
X.X%, across quarter. by with segment again, growing. of professionals the to by XXX to headcount or due Billable segments. the end is compared quarter business professionals at headcount growth prior or the year increased XX.X% increased billable XXX all increase The Sequentially, business every
Finance I services America. higher transformation which demand for North for from services XXXX in in North Germany and revenue year to level. some in due $XXX.X increase Restructuring, the Corporate share insights quarter. and the XX.X% and August revenues to In & included was America restructuring million compared contributions in prior business will The to increased acquisition Now segment increased at our our revenues demand transaction EMEA,
increased services transactions transformation America prior for year restructuring and by segment the in million demand in revenues industry and From the verticals. driven Sequentially, particularly we TMT North revenues of to the of perspective, XX.X% our and or revenues demand or both XX.X%, segment segment quarter. XX.X% an EMEA. business compared of experienced during energy higher quarter, EBITDA in and XX.X% Adjusted strong $XX.X
higher Consulting. America. solution Turning to EMEA services compared Revenues to for $XXX.X The increased data in by revenues increased demand was Forensic the and in million well for services analytics North increase and construction X.X% and disputes year quarter. as demand our and Litigation to as our prior driven
primarily Adjusted the Sequentially, particularly engagements being to to resulting by million restrictions due of or decreased quarter. revenues Asia. court the XX.X% closures segment compared from COVID-XX segment prior in segment both $XX.X and EBITDA travel XX.X% million of outbreak, year of revenues X.X%, delayed $XX.X revenues or in
of Consulting prior for was demand quarter. The financial decrease million, for year demand revenues as for a lower lower $XXX.X to which declined the M&A-related M&A-related as partially services. well higher was by revenues Economic X.X% antitrust the segment services, offset Our which to international reported largely non compared arbitration economics rates and in services antitrust due realized
or segment million Sequentially, XX.X%, lower or prior primarily compared X.X% and quarter. by the revenues in revenues of of Adjusted demand EBITDA segment $XX year driven segment of $XX.X XX.X% revenues to for by light financial decreased COVID-XX of arbitration due hearings driven our the and economic to pandemic that lower international off. realization services, were being arbitration engagements our large rolling services postponed for demand in million
Technology, to segment compared million million cross-border increase year for EMEA higher by Adjusted in and revenues and increase demand America. segment primarily million $XX.X was services. the driven revenues litigation M&A-related in $XX.X quarter. quarter. $XX.X segment due prior global or to revenues M&A-related higher revenues or revenues services In increased investigation EBITDA for in revenues increased XX.X% North Sequentially, and in prior to XX%. The of to and demand was of the XX.X% XX.X% compared of The
in revenues decreased lower year million Sequentially, a decline in and $XX.X EMEA and prior segment in due XX% The million for revenues $X.X $XX.X increased demand revenues compared of EBITDA affairs $X.X pass-through X.X% primarily to or compared revenues revenues segment of or Communications Strategic public higher quarter. increase due to the Adjusted to segment in prior to revenues million project-based revenues the Asia. million was year to quarter. XX% XX%, services. of
few - and key discuss balance flow items. Let few sheet a me cash cash now a flow
bulk pay we our bonuses in first of quarter. the typical, the is As
So quarter. higher partially from related offset in the by performance used to this $XXX.X salaries due year bonus year-over-year operating annual increase an in financial net in to used million to XXXX in reflecting million revenues. activities The in the increase in cash and was of activities higher compared was use cash payments, record higher $XXX.X primarily cash headcount, which quarter resulting prior operating increase of our collected
approximately XXX,XXX share. an the During stock repurchase we per million quarter, to common at $XX.X of shares our of average price spent $XXX.XX
$XXX million the stock repurchases authorization. of approximately $XXX As the stock for of end remained available under repurchase million quarter, our
cash, XXXX, compared cash at XX, debt, Total was used to million at increase a resulting sequential March of repurchases. million million share activities primarily as to operating in total negative due an $XX.X $XXX well and XXXX. $XXX.X in as December XX, of of The increase March bonus cash debt net XXXX, in net from XX, at payments
XXXX I different impact than business our affecting the in and QX on guidance in more are am ensuing in interested sure what global may though you certainly our segments, ways. The is pandemic for results. pandemic all quarters have our result in
For services, communication resulting in practice lesser crisis-driven our and tailwind. significant for and a currently, it restructuring disputes to degree, a is
deferral there overall deep a long be orders will with and the of proceed environment. business, is have shelter-in-place business work, we at how the if reduction impact and It parts will other is of in on our similar how For least demand. uncertain a not, to
We you expectations. our shaped through have several will current ran scenarios I these now expectations. by take
offerings deferred settled, be near FLC, to revenues possibly to postponed litigation and Economic the our of possibly to segments canceled in transactions in be some or and term. causing decrease our service Consulting We Technology M&A expect and from
from Steve a serving remarkable our doing job offices. are practitioners our As clients home mentioned,
of aspects essential home, do impact from we revenue may are which to what adversely. do difficult certain However,
filed court expert analyses, delayed delays witness or teams unable monitorships many of physically experiencing to proceedings, to directors means continue; many countries; X-month the has have must there in our certain are rules in in such in where pauses business. to we examples that closures in-court on-site due are are which their companies jurisdictions, regulatory testimony other certain been be insolvent Some include: for perform moratorium that moratoriums a for Australia, stayed and on or would certain insolvency in trading that otherwise have as
expenditures. to restrictions drop stopped. We also and is noting, worth travel hinder business expect in business development. Conversely, but also nonbillable travel that entertainment all in-person associated billable an There travel and
outlook perhaps of offset restructuring Resulting QX, the and from the businesses. even other QX, our that expectations, our services demand negative is these our adequately increased may several in for impact not into on
expecting well we we reported Our the second persist currently EPS to in Though year the currently in quarter, are the below for for expecting we could weakness second quarter reasons. that X be some QX. entire level weakness are not
even restructuring Already, seeing and work default to continue airlines, and the healthcare, likely entertainment including First, frame REITs, has may which our increased further we entertainment time grow accelerate. and when energy, mortgage of in resumes. beyond or continues for several that the distress been are demand wave paused gymnasiums, ensuing restaurants, deferred will revenues verticals, retail, services
resources to areas restructuring our within practice segments and extent, other our to from lesser able is possibly, Second, from on other also draw Finance a service to these segment engagements. Corporate
anticipating that may though adverse Third, interruption the pandemic we And not to level. not is back get improprieties to as distressed constraints arising and grow. of to litigation-related and travel in this business needed restrictions disputes material our from at will crisis fourth, related effect are investigations this current communications, expertise face transactions, clauses, courts normal, the persist fully
After an the outcomes, there year full uncertainty a range is XXXX, do running several guidance changing increased scenarios range expectations, at based not on of this and while we for time. basis the see our for above
the may will business the when quarter is information as after much be offset for increased second by adversely again our how guidance our services. impacted restructuring and such evaluate will regarding demand and better decline We whole have how of other we a
key strength themes our potential of business. underscore few and Before reiterate I that want I to close, a the
antitrust, cybersecurity diversified arbitration, significantly with last investments non and transformation, several international in affairs. business over M&A-related such public as years our offerings the have We areas
side out short on While will of strong we be in the term, as some may pandemic. of depressed these we come areas other believe the emerge this adjacencies these that
and in us gives to sheet the particularly, attract shareholder able and are fields. experts value retain world's balance ways, the we flexibility numerous capital their strength to leading in create respective allocate Our
core, our especially complex navigate clients their help in times most as our At challenges. they business we of dislocation
As this and are support. experts to with in assist undoubtedly genre of well-positioned that disputes, pandemic Steve conflicts mentioned, will new a result and investigations our
than Lastly, the services our we your open in more practice. that, renowned past, have recent even in restructuring demand. are the world a for restructuring great And questions. up now, With let's call
