NASDAQ$EXPO

Exponent Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Exponent's Q4 2022 financial results were reported, showing growth in revenues and earnings per share amidst macroeconomic challenges.

Exponent reported a 12.2% increase in total revenues and a 7.9% increase in revenues before reimbursements for Q4 2022. Net income increased to $22.5 million, or $0.44 per diluted share. The company saw broad-based strength across its diversified portfolio of services.

  • Total revenues increased by 12.2% compared to Q4 2021.
  • Revenues before reimbursements increased by 7.9% compared to Q4 2021.
  • Net income increased to $22.5 million, or $0.44 per diluted share.
  • EBITDA increased to $31.1 million, representing 27.6% of revenues before reimbursements.

Headline financials

Total Revenue

$127M

Previous: $114M+12.2%
EPS (adj)

$0.44

Previous: $0.38+15.8%
Capital Expenditures

$2.94M

Previous: $1.39M+111.3%
Free Cash Flow

$37.6M

Previous: $52.8M-28.7%
Net Income

$22.5M

Previous: $20.4M+10.3%
Operating Income

$22M

Previous: $23.4M-5.7%
Gross Profit

$29M

Previous: $105M-72.3%
Cash & Equivalents

$161M

Previous: $298M-45.8%
Total Assets

$587M

Previous: $684M-14.2%
Stock-Based Comp

$4.29M

Previous: $4.02M+6.7%

Revenue & EPS history

Exponent · Revenue · Quarterly

$127M

Q4 2022+12.2%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Exponent · $125M total across 2 segments · Q3 2023

  • Engineering & Other Scientific
    $104M+7.3%
  • Environmental & Health
    $21.3M+15.4%

Forward guidance

Exponent anticipates for the first quarter of 2023 as compared to the same period one year prior, and for the full year 2023 as compared to the same period one year prior.

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 2022

Historical avgQ4 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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