Exponent, Inc. reported a 10.3% increase in total revenues to $128.5 million and a 7.6% increase in revenues before reimbursements to $117.9 million for the first quarter of 2022. Net income decreased to $29.6 million, or $0.56 per diluted share.
Total revenues increased by 10.3% to $128.5 million compared to the first quarter of 2021.
Net income decreased to $29.6 million, or $0.56 per diluted share.
EBITDA increased to $34.5 million, representing 29.2% of net revenues.
Exponent repurchased $48.6 million of common stock during the quarter.
Exponent's full year 2022 guidance is unchanged.
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