Exponent Q3 revenue before reimbursements $125.0M (+9% YoY); EPS $0.48 flat; full-year guidance reaffirmed

EXPONENT INC

2023-Q3 EPS reported $1.54 revenue$413,866,000

Q3 revenues before reimbursements $125.0M (+9% YoY); net income $24.5M ($0.48 diluted EPS) vs $24.4M ($0.47) prior year.
Engineering & other scientific segment +8% YoY; environmental & health +13%; consumer electronics softness noted.
Full-year FY2023 outlook: revenue before reimbursements high-single-digit growth; EBITDA margin 27.4%-27.8%.
Quarterly dividend $0.26/share declared, payable Dec 22, record Dec 8 (unchanged from prior rate).
Cash $137.1M at quarter end; $17.0M in share repurchases and $40.9M in dividends paid YTD.

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 the third quarter ended September 29, 2023 results: revenue Total revenues and revenues before reimbursements for the third quarter of 2023 increased 5% to $133.3 million and 9% to, net income Net income increased to $24.5 million, EPS $0.48 per diluted share. Guidance reaffirmed.

Period: the third quarter ended September 29, 2023
Revenue: Total revenues and revenues before reimbursements for the third quarter of 2023 increased 5% to $133.3 million and 9% to
Net income: Net income increased to $24.5 million
EPS: $0.48 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exponent, Inc. issued a press release announcing its financial results for the third quarter ended September 29, 2023.

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Source: SEC EDGAR

accession 0001171843-23-006473

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