secwatch.observer — SEC 8-K summary
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Issuer:     EXPONENT INC (EXPO)
CIK:        0000851520
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001171843-24-000521
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851520/000117184324000521/0001171843-24-000521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851520/000117184324000521/f8k_020124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000521

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer