Exponent Inc

EXPO

Equity

ISIN US30214U1025 / Valor 861136

NASDAQ (2024-11-22)

USD 98.04+2.26%

Exponent Inc
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About company

Exponent Inc, formerly known as Failure Analysis Associates, was established in 1967 by three Stanford University professors and two engineers from Stanford Research Institute. The company specializes in identifying the root causes of accidents and failures, providing scientific, engineering, and regulatory consulting services to clients. With a rich history in pioneering a new field, Exponent continues to address complex challenges and contribute to building a better future through its expertise in investigative analysis and problem-solving.

Summarized from source with an LLMView SourceSector: Technology

Revenue Performance

Exponent Inc. reported that total revenues for the second quarter of 2024 were approximately flat at $140.5 million, compared to $140.2 million in the same period of 2023. Revenues before reimbursements increased by 2% to $132.4 million from $129.7 million in the second quarter of 2023.

Net Income Growth

Net income for Exponent Inc. in the second quarter of 2024 increased to $29.2 million, or $0.57 per diluted share, compared to $25.7 million, or $0.50 per diluted share, in the same period of 2023. This represents a significant year-over-year growth in net income.

EBITDA Margin Expansion

Exponent Inc. saw an increase in EBITDA1 to $39.9 million, or 30.2% of revenues before reimbursements, in the second quarter of 2024. This is an improvement from $36.8 million, or 28.4% of revenues before reimbursements, in the second quarter of 2023, indicating a strong expansion in EBITDA margin.

Dividend Announcement

Exponent Inc. announced a quarterly cash dividend of $0.28 per share, to be paid on September 20, 2024. For the first half of 2024, the company paid $29.8 million in dividends and ended the period with $203.3 million in cash and cash equivalents.

Business Outlook

For the fiscal year 2024, Exponent Inc. has raised its revenue and margin guidance. The company anticipates revenues before reimbursements to grow in the low to mid-single digits and expects EBITDA1 to be between 27.5% and 28.0% of revenues before reimbursements, reflecting a positive outlook for the remainder of the year.

Summarized from source with an LLMView Source

Key figures

25.1%1Y

-21.8%3Y

59.5%5Y

Performance

34.4%1Y

31.8%3Y

32.3%5Y

Volatility