NASDAQ$EXPO

Exponent Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Exponent delivered solid second quarter results, advancing its long-term strategy and reinforcing its strong financial position.

Exponent's second quarter results showed an increase in total revenues and revenues before reimbursements. Net income also increased, and the company saw growth across several industries, including consumer products, chemicals, automotive, and life sciences.

  • Total revenues increased by 8.7% to $130.3 million compared to the second quarter of 2021.
  • Revenues before reimbursements increased by 5.1% to $118.2 million compared to the second quarter of 2021.
  • Net income increased to $25.8 million, or $0.49 per diluted share, compared to $25.4 million, or $0.48 per diluted share, in the same period of 2021.
  • EBITDA increased to $37.1 million, or 31.4% of net revenues.

Headline financials

Total Revenue

$130M

Previous: $120M+8.7%
EPS (adj)

$0.49

Previous: $0.48+2.1%
Capital Expenditures

-$5.91M

Previous: -$4.25M-39.3%
Free Cash Flow

$19.8M

Previous: $21.2M-6.2%
Net Income

$25.8M

Previous: $25.4M+1.4%
Operating Income

$45.3M

Previous: $29.4M+54.2%
Gross Profit

$122M

Previous: $112M+8.7%
Cash & Equivalents

$166M

Previous: $240M-31.0%
Total Assets

$567M

Previous: $619M-8.4%
Stock-Based Comp

$4.6M

Previous: $4.59M+0.1%

Revenue & EPS history

Exponent · Revenue · Quarterly

$130M

Q2 2022+8.7%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Exponent anticipates continued growth and momentum in hiring, expecting it to accelerate in the second half of the year. The company is maintaining its revenue guidance and improving its margin guidance for the full year 2022.

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 2022

Historical avgQ2 2022

+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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