NASDAQ$EXPO

Exponent Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Exponent's third quarter results for fiscal year 2021 were driven by differentiated capabilities and increased demand.

Exponent, Inc. reported an 18% increase in total revenues to $116.4 million for the third quarter of 2021, with net income increasing to $24.6 million, or $0.46 per diluted share. The company's EBITDA margin expanded more than 350 basis points from the prior year period.

  • Net revenue grew by 16% in Q3 2021.
  • EBITDA margin expanded by more than 350 basis points year-over-year.
  • Reactive business benefitted from the post-COVID acceleration of litigation throughput.
  • Proactive engagements, such as user and machine learning data studies, remained a key driver of growth.

Headline financials

Total Revenue

$116M

Previous: $98.7M+18.0%
EPS (adj)

$0.46

Previous: $0.34+35.3%
Capital Expenditures

-$5.44M

Previous: -$4.14M-31.2%
Free Cash Flow

$19.1M

Previous: $13.9M+37.3%
Net Income

$24.6M

Previous: $18.1M+35.9%
Operating Income

$32.1M

Previous: $20.4M+57.4%
Gross Profit

$108M

No prior period
Cash & Equivalents

$230M

No prior period
Total Assets

$638M

No prior period
Stock-Based Comp

$4.37M

No prior period

Revenue & EPS history

Exponent · Revenue · Quarterly

$116M

Q3 2021+18%vs Q3 2020
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Exponent · $109M total across 2 segments · Q3 2021

  • Engineering & Other Scientific
    $90.1M
  • Environmental & Health
    $18.4M

Forward guidance

Exponent anticipates continued growth in demand for multidisciplinary services but expects a moderation in utilization as headcount increases.

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 Q3 2021

Historical avgQ3 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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