NASDAQ$EXPO

Exponent Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a strong first quarter with growth in revenues and earnings, despite impact from COVID-19.

Exponent reported a strong first quarter with a 7% increase in total revenues, reaching $106 million. Net income increased to $26.3 million, or $0.49 per diluted share. The company ended the quarter with $152 million in cash, cash equivalents, and short-term investments and no debt.

  • Total revenues and revenues before reimbursements grew 7% in the first quarter of 2020.
  • Net income increased to $26.3 million, or $0.49 per diluted share.
  • Exponent paid $10.3 million in dividends and repurchased $40 million in common stock.
  • The company ended the quarter with $152 million in cash, cash equivalents and short-term investments and no debt.

Headline financials

Total Revenue

$106M

Previous: $99M+7.0%
EPS (adj)

$0.49

Previous: $0.42+16.7%
Capital Expenditures

-$1.29M

Previous: -$5.67M+77.2%
Free Cash Flow

$25M

Previous: $17M+46.6%
Net Income

$26.3M

Previous: $22.7M+15.7%
Operating Income

$36M

Previous: $15.8M+128.4%
Cash & Equivalents

$152M

Previous: $79.1M+92.2%

Revenue & EPS history

Exponent · Revenue · Quarterly

$106M

Q1 2020+7%vs Q1 2019
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Exponent · $106M total across 2 segments · Q1 2020

  • Engineering & Other Scientific
    $84.8M+6.0%
  • Environmental & Health
    $21.2M+8.2%

Forward guidance

The COVID-19 pandemic has caused revenues for the first three weeks of the second quarter to decline approximately 15% to 20% as compared to the same period last year. The company cannot reliably provide revenue and earnings guidance at this time due to the high degree of uncertainty surrounding business, travel and physical distancing restrictions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.7%

Avg return

30 days after

52%

33 / 63 earnings

Positive

+18.1%

Q1 2024

Best reaction

-12.4%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-4.0%-12.8%
Q4 2025+12.7%+1.3%+1.5%
Q3 2025+7.9%+10.2%+8.2%
Q1 2025-1.5%-3.8%-1.9%
Q4 2024+1.2%+0.8%-4.8%
Q3 2024-9.5%-8.7%-8.5%
Q2 2024+0.2%+1.7%+1.0%
Q1 2024+18.1%+14.0%+19.5%
Q4 2023-11.1%-11.2%-8.5%
Q3 2023-12.4%-11.7%-6.5%
Q2 2023-6.3%-7.1%-4.8%
Q1 2023-2.3%-3.7%-2.4%
Q4 2022+7.4%+5.5%+1.8%
Q3 2022+3.6%+7.1%+13.0%
Q2 2022+5.9%+3.1%+3.1%
Q1 2022-5.6%-9.9%-10.4%
Q4 2021-10.1%-8.4%+3.8%
Q3 2021+2.7%+2.4%+4.4%
Q2 2021+9.0%+11.5%+17.9%
Q1 2021-0.6%-1.2%-5.9%
Q4 2020+3.2%+8.8%+9.0%
Q3 2020-3.7%+0.4%+15.4%
Q2 2020+2.1%+0.3%+0.0%
Q1 2020-5.8%-7.2%+4.4%
Q3 2019-5.5%-7.3%-8.6%
Q2 2019+9.4%+10.7%+17.4%
Q1 2019-0.8%-0.2%-0.1%
Q4 2018+1.2%+3.3%+14.7%
Q3 2018+0.7%+1.7%+9.3%
Q2 2018-3.0%-0.6%+0.9%
Q1 2018+1.3%+1.1%+11.1%
Q4 2017+3.2%+1.3%+3.2%
Q3 2017-3.4%-2.4%-1.5%
Q2 2017+13.7%+11.5%+10.3%
Q1 2017+1.7%+1.6%+0.3%
Q4 2016-3.1%+0.0%+0.8%
Q3 2016+10.3%+15.5%+23.3%
Q2 2016-11.2%-11.2%-13.7%
Q1 2016-0.2%
Q4 2015+2.4%
Q3 2015+6.8%
Q2 2015-0.6%
Q1 2015+6.9%
Q4 2014+8.5%
Q3 2014+0.5%
Q2 2014+6.4%
Q1 2014-3.0%
Q4 2013+0.1%
Q3 2013+3.9%
Q2 2013-0.8%
Q1 2013+0.8%
Q4 2012-11.5%
Q3 2012+1.6%
Q2 2012-0.5%
Q1 2011-1.8%
Q1 2012+1.1%
Q4 2011+3.7%
Q1 2010+3.7%
Q3 2010-2.3%
Q3 2011-2.3%
Q2 2011-2.0%
Q4 2010-2.0%
Q2 2010-2.0%

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