earnings
confidence high
sentiment positive
materiality 0.75
Exponent Q2 rev up 12% (ex-reimb), EPS $0.60 vs $0.52; raises FY guidance, boosts buyback by $50M
EXPONENT INC
- Q2 revenues before reimbursements $148.9M (+12% YoY); net income $29.4M ($0.60 diluted EPS) vs $26.6M ($0.52).
- EBITDA margin improved to 28.7% of rev before reimb vs 27.8% a year ago; utilization 74%.
- Raises FY2026 guidance: rev before reimb growth 9-10%, EBITDA margin 27.8-28.1%.
- Board declares $0.31 quarterly dividend (payable Sept 18) and adds $50M to share repurchase authorization.
- Strong demand in AI-related user research, utility infrastructure, and reactive work in consumer/chemicals/transport.