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Apr 03, 2020
Exponent Q1 2020 Earnings Report
Reported a strong first quarter with growth in revenues and earnings, despite impact from COVID-19.
Key Takeaways
Exponent reported a strong first quarter with a 7% increase in total revenues, reaching $106 million. Net income increased to $26.3 million, or $0.49 per diluted share. The company ended the quarter with $152 million in cash, cash equivalents, and short-term investments and no debt.
Total revenues and revenues before reimbursements grew 7% in the first quarter of 2020.
Net income increased to $26.3 million, or $0.49 per diluted share.
Exponent paid $10.3 million in dividends and repurchased $40 million in common stock.
The company ended the quarter with $152 million in cash, cash equivalents and short-term investments and no debt.
Revenue by Segment
Forward Guidance
The COVID-19 pandemic has caused revenues for the first three weeks of the second quarter to decline approximately 15% to 20% as compared to the same period last year. The company cannot reliably provide revenue and earnings guidance at this time due to the high degree of uncertainty surrounding business, travel and physical distancing restrictions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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