NASDAQ$EXPO

Exponent Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Exponent's financial performance increased due to the easing of pandemic-related restrictions, which supported a robust level of new assignments and ongoing work.

Exponent reported a strong second quarter with a 28% increase in net revenue and an expanded EBITDA margin of 630 basis points. The company's revenues from reactive engagements returned to pre-COVID-19 levels, and proactive projects grew significantly.

  • Net revenue increased by 28% compared to the second quarter of 2020.
  • EBITDA margin expanded by 630 basis points from the prior year period.
  • Revenues from reactive engagements returned to pre-COVID-19 levels.
  • Revenues from proactive projects grew significantly compared to the same period last year.

Headline financials

Total Revenue

$120M

Previous: $92M+30.2%
EPS (adj)

$0.48

Previous: $0.31+54.8%
Capital Expenditures

-$4.25M

Previous: -$2.47M-72.1%
Free Cash Flow

$21.2M

Previous: $13.9M+52.4%
Net Income

$25.4M

Previous: $16.3M+55.4%
Operating Income

$29.4M

Previous: $9.12M+222.1%
Gross Profit

$112M

No prior period
Cash & Equivalents

$240M

No prior period
Total Assets

$619M

No prior period
Stock-Based Comp

$4.59M

No prior period

Revenue & EPS history

Exponent · Revenue · Quarterly

$120M

Q2 2021+30.2%vs Q2 2020
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Exponent · $113M total across 2 segments · Q2 2021

  • Engineering & Other Scientific
    $92.3M+34.5%
  • Environmental & Health
    $20.3M+4.7%

Forward guidance

Exponent anticipates continued strong demand for its services and positive momentum from the first half of 2021. However, uncertainty remains due to the spread of COVID variants.

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 Q2 2021

Historical avgQ2 2021

+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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