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Sep 30, 2022
Exponent Q3 2022 Earnings Report
Exponent delivered solid results with year-over-year growth in revenue, EBITDA, and diluted EPS.
Key Takeaways
Exponent reported a 9.3% increase in total revenues to $127.2 million and a 6.2% increase in revenues before reimbursements to $115.1 million for the third quarter of 2022. Net income decreased slightly to $24.4 million, or $0.47 per diluted share. The company's business model demonstrated resilience, driven by strong demand for services and proactive engagements in consumer products and transportation.
Total revenues increased by 9.3% to $127.2 million compared to the third quarter of 2021.
Revenues before reimbursements increased by 6.2% to $115.1 million compared to the third quarter of 2021.
Net income decreased slightly to $24.4 million, or $0.47 per diluted share.
EBITDA increased to $34.6 million, representing 30.0% of revenues before reimbursements.
Exponent
Exponent
Exponent Revenue by Segment
Revenue by Segment
Engineering & Other Scientific Revenue
CapyFin.comEnvironmental & Health Revenue
CapyFin.com Forward Guidance
Exponent anticipates narrowing revenue guidance and improving margin guidance for the full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income