NASDAQ$EXPO

Exponent Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Exponent experienced revenue growth and maintained its market position.

Exponent reported a solid start to the year with a 9.2% increase in total revenues and a 9% increase in revenues before reimbursements. The company's growth was supported by increased demand for reactive services and proactive engagements across various sectors. Exponent continues to invest in its team, increasing headcount by 12% year-over-year.

  • Total revenues increased by 9.2% year-over-year.
  • Revenues before reimbursements increased by 9% year-over-year.
  • Net income was $29.1 million, or $0.56 per diluted share.
  • Headcount increased by 12% year-over-year.

Headline financials

Total Revenue

$140M

Previous: $128M+9.2%
EPS (adj)

$0.56

Previous: $0.56+0.0%
Capital Expenditures

-$5.67M

Previous: -$2.61M-117.5%
Free Cash Flow

$23.5M

Previous: $27M-13.1%
Net Income

$29.1M

Previous: $29.6M-1.6%
Operating Income

$29.1M

Previous: $36.7M-20.7%
Gross Profit

$131M

Previous: $120M+8.7%
Cash & Equivalents

$126M

Previous: $215M-41.6%
Total Assets

$566M

Previous: $618M-8.3%
Stock-Based Comp

$7.06M

Previous: $6.87M+2.8%

Revenue & EPS history

Exponent · Revenue · Quarterly

$140M

Q1 2023+9.2%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Exponent · $129M total across 2 segments · Q1 2023

  • Engineering & Other Scientific
    $107M+11.7%
  • Environmental & Health
    $21.9M-2.3%

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 2023

Historical avgQ1 2023

+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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