Exponent Q1 revenue up 7.6% to $117.9M; EPS $0.56 vs $0.58; guides FY22 mid-high single-digit revenue growth

EXPONENT INC

2022-Q1 EPS reported $0.56 revenue$128,478,000

Revenue before reimbursements $117.9M (+7.6% YoY); total revenue $128.5M (+10.3%).
Net income $29.6M ($0.56 EPS) vs $30.8M ($0.58); tax benefit $6.0M ($0.11) lower than prior year's $8.8M.
EBITDA (non-GAAP) $34.5M (29.2% of net revenues) up from $31.8M (29.0%).
Repurchased $48.6M of stock; declared quarterly dividend of $0.24/share, payable June 24.
FY22 guidance: revenue growth mid- to high-single digits; EBITDA margin down 200-250 bps; Q2 revenue mid-single.

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