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Sep 29, 2023
Exponent Q3 2023 Earnings Report
Exponent's third quarter results for 2023 showcased the durability of its diversified portfolio, delivering growth across various industries and reflecting the strength of its adaptive business model.
Key Takeaways
Exponent, Inc. reported a 5% increase in total revenues and a 9% increase in revenues before reimbursements for the third quarter of 2023. Net income increased slightly to $24.5 million, or $0.48 per diluted share.
Total revenues increased by 5% to $133.3 million compared to Q3 2022.
Revenues before reimbursements increased by 9% to $125.0 million compared to Q3 2022.
Net income increased to $24.5 million, or $0.48 per diluted share, compared to $24.4 million, or $0.47 per diluted share, in Q3 2022.
Growth was driven by strong demand for reactive services and regulatory consulting services.
Exponent
Exponent
Exponent Revenue by Segment
Revenue by Segment
Engineering & Other Scientific Revenue
CapyFin.comEnvironmental & Health Revenue
CapyFin.com Forward Guidance
Exponent anticipates softness in the consumer electronics sector due to product lifecycle timing and ongoing macroeconomic headwinds, refining their full year outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income