NASDAQ$EXPO

Exponent Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and fiscal year 2021.

Exponent's fourth quarter results showed a 9.9% increase in total revenues to $113.5 million and a 7.2% increase in revenues before reimbursements to $104.3 million compared to the fourth quarter of 2020. Net income decreased to $20.4 million, or $0.38 per diluted share. The company's engineering and other scientific segment represented 81% of net revenues, while the environmental and health segment represented 19%.

  • Total revenues increased 9.9% to $113.5 million in Q4 2021.
  • Revenues before reimbursements increased 7.2% to $104.3 million in Q4 2021.
  • Net income decreased to $20.4 million, or $0.38 per diluted share in Q4 2021.
  • EBITDA increased to $30.2 million, or 28.9% of net revenues in Q4 2021.

Headline financials

Total Revenue

$114M

Previous: $103M+9.9%
EPS (adj)

$0.38

Previous: $0.41-7.3%
Capital Expenditures

$1.39M

Previous: $23M-94.0%
Free Cash Flow

$52.8M

Previous: $85M-37.9%
Net Income

$20.4M

Previous: $19.1M+6.7%
Operating Income

$23.4M

Previous: $21.4M+9.5%
Gross Profit

$105M

Previous: $102M+2.5%
Cash & Equivalents

$298M

Previous: $176M+68.7%
Total Assets

$684M

Previous: $563M+21.4%
Stock-Based Comp

$4.02M

Previous: $17.5M-77.0%

Revenue & EPS history

Exponent · Revenue · Quarterly

$114M

Q4 2021+9.9%vs Q4 2020
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Exponent · $104M total across 2 segments · Q4 2021

  • Engineering & Other Scientific
    $84.5M-5.8%
  • Environmental & Health
    $19.8M-3.1%

Forward guidance

Exponent anticipates continued growth and demand for its multidisciplinary services, particularly in areas such as automation, electric vehicles, and digital health. The company is focused on attracting and retaining world-class talent to support this growth.

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 Q4 2021

Historical avgQ4 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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