Exponent Q2 rev before reimb +9.7% to $129.7M, EPS $0.50; FY guidance maintained

EXPONENT INC

2023-Q2 EPS reported $1.06 revenue$280,530,000

Total revenues $140.2M (+7.6% YoY); revenues before reimbursements $129.7M (+9.7% YoY).
Net income $25.7M ($0.50 diluted EPS) vs $25.8M ($0.49) in Q2 2022; tax rate 29.0%.
EBITDA margin fell to 28.4% of rev before reimb from 31.4% YoY; headcount up 15%.
Engineering & sci segment rev before reimb +10% YoY; environmental & health +10% YoY.
Board declared $0.26/share quarterly dividend, payable Sept 22, record Sept 8.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPONENT INC reported second quarter ended June 30, 2023 results: revenue $140.2 million, net income $25.7 million, EPS $0.50 per diluted share. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $140.2 million
Net income: $25.7 million
EPS: $0.50 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenues and revenues before reimbursements for the second quarter of 2023 increased 7.6% to $140.2 million and 9.7% to $129.7 million as compared to $130.3 million and $118.2 million in the second quarter of 2022, respectively. Net income was $25.7 million, or $0.50 per diluted share, in the second quarter of 2023, as compared to $25.8 million, or $0.49 per diluted share, in the same period of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPONENT INC reported first half of 2023 results: revenue $280.5 million, net income $54.9 million, EPS $1.06 per diluted share. Guidance reaffirmed.

Period: first half of 2023
Revenue: $280.5 million
Net income: $54.9 million
EPS: $1.06 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenues and revenues before reimbursements for the first half of 2023 increased 8.4% to $280.5 million and 9.4% to $258.4 million, respectively, as compared to $258.8 million and $236.1 million in the same period one year ago. Net income was $54.9 million, or $1.06 per diluted share, in the first half of 2023, as compared to $55.4 million, or $1.05 per diluted share, in the same period of 2022.

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EXPONENT INC filing history →

Source: SEC EDGAR

accession 0001171843-23-004740

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