Exponent Q4 net income down to $0.41 EPS; raises dividend to $0.28, adds $61.6M buyback

EXPONENT INC

2023-FY EPS reported $1.94 revenue$536,766,000

Q4 revenues before reimbursements $113.9M (+1.1% YoY); net income $20.9M ($0.41 diluted EPS) vs $22.5M ($0.44) prior year.
FY2023 net revenues $497.2M (+7.2%); net income $100.3M ($1.94 diluted EPS) vs $102.3M ($1.96).
Guidance: FY2024 revenues before reimbursements flat to down low-single digits; EBITDA margin 25.75%-26.5%.
Quarterly dividend raised to $0.28 from $0.26, payable March 22, 2024; record March 8, 2024.
Board authorized additional $61.6M for share repurchases, total authorization $100M.

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 0.95

EXPONENT INC reported fiscal year 2023 ended December 29, 2023 results: revenue $536.8 million, net income $100.3 million, EPS $1.94 per diluted share.

Period: fiscal year 2023 ended December 29, 2023
Revenue: $536.8 million
Net income: $100.3 million
EPS: $1.94 per diluted share
Result: reported results

Exact text from the filing

Total revenues increased 4.6% to $536.8 million for fiscal year 2023, as compared to $513.3 million in fiscal year 2022. Revenues before reimbursements increased 7.2% to $497.2 million, as compared to $463.8 million in fiscal year 2022. Net income was $100.3 million, or $1.94 per diluted share, during fiscal year 2023, as compared to $102.3 million, or $1.96 per diluted share, in fiscal year 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXPONENT INC updated its fiscal year 2024 guidance (lowered).

Period: fiscal year 2024
Guidance: lowered
Result: guidance update

Exact text from the filing

For fiscal year 2024 as compared to fiscal year 2023, Exponent anticipates: Revenues before reimbursements to be flat to down in the low-single digits; and, EBITDA 1 to be 25.75% to 26.5% of revenues before reimbursements.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EXPONENT INC reported fourth quarter ended December 29, 2023 results: revenue $122.9 million, net income $20.9 million, EPS $0.41 per diluted share.

Period: fourth quarter ended December 29, 2023
Revenue: $122.9 million
Net income: $20.9 million
EPS: $0.41 per diluted share
Result: reported results

Exact text from the filing

Total revenues decreased 3.5% to $122.9 million in the fourth quarter of 2023, as compared to $127.4 million in the fourth quarter of 2022. Revenues before reimbursements increased 1.1% to $113.9 million, as compared to $112.6 million in the fourth quarter of 2022. Net income decreased to $20.9 million, or $0.41 per diluted share, in the fourth quarter of 2023, as compared to $22.5 million, or $0.44 per diluted share, in the same period of 2022.

View on SEC.gov

Browse all earnings releases →

EXPONENT INC filing history →

Source: SEC EDGAR

accession 0001171843-24-000521

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.