---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002639"
form_type: "8-K"
ticker: "EXPO"
cik: "0000851520"
company_name: "EXPONENT INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:29:56.778826+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Exponent Q1 revenues $140.3M (+9.2% YoY), EPS $0.56; reiterates FY23 guidance

## Summary
- Revenues before reimbursements $128.7M, up 9.2% YoY; net income $29.1M, diluted EPS $0.56 (incl. $0.07 tax benefit).
- Engineering segment revenues up 11% YoY (83% of revenues); environmental/health segment down 1% (up 2% ex-FX).
- Q2 2023 guidance: revenue growth high-single to low-double digits; EBITDA margin 27.5%-28.5% of rev. Full year unchanged.
- Declared quarterly cash dividend of $0.26/share, payable June 23, 2023, record June 9, 2023.

## SEC filing metadata
- accession: 0001171843-23-002639
- form_type: 8-K
- ticker: EXPO
- cik: 0000851520
- company_name: EXPONENT INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851520/000117184323002639/0001171843-23-002639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851520/000117184323002639/f8k_042723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002639
- JSON: https://secwatch.observer/filing/0001171843-23-002639.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002639.txt

## Key facts
- Earnings Releases
  EXPONENT INC reported first quarter ended March 31, 2023 results: revenue $140.3 million, net income $29.1 million, EPS $0.56 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $140.3 million
  - Net income: $29.1 million
  - EPS: $0.56 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total revenues and revenues before reimbursements for the first quarter of 2023 increased 9.2% to $140.3 million and $128.7 million, respectively, as compared to $128.5 million and $117.9 million in the first quarter of 2022, respectively. Net income was $29.1 million, or $0.56 per diluted share, in the first quarter of 2023, as compared to $29.6 million, or $0.56 per diluted share, in the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851520/000117184323002639/0001171843-23-002639-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.