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Oct 02, 2020
Exponent Q3 2020 Earnings Report
Exponent's Q3 2020 financial results, ended October 2, 2020, were reported. While net revenues decreased slightly, the company expanded EBITDA margin. They are capitalizing on persistent secular trends and remain focused on demonstrating leadership through intellectual rigor and fact-based analysis.
Key Takeaways
Exponent reported a slight decrease in total revenues for Q3 2020, with a 3% decrease to $98.7 million. However, the company expanded EBITDA margin by 60 basis points. Net income decreased to $18.1 million, or $0.34 per diluted share.
Total revenues decreased by 3% to $98.7 million compared to the same quarter in 2019.
Revenues before reimbursements decreased by 2% to $93.5 million year-over-year.
Net income decreased to $18.1 million, or $0.34 per diluted share, compared to $19.6 million, or $0.36 per diluted share, in the same period of 2019.
EBITDA for the quarter was $26.0 million, flat compared to Q3 2019.
Exponent
Exponent
Forward Guidance
Exponent anticipates revenues before reimbursements to decline 12% to 15% in the fourth quarter, and expects EBITDA margin to decline 250 to 350 basis points from the 27.1% achieved in the fourth quarter of 2019.