Financial Data and Key Metrics Changes - Total revenues increased by 2% to $136.3 million in Q3 2024, while revenues before reimbursements remained flat at $125.1 million compared to the same period in 2023 [11] - Net income rose to $26 million or $0.50 per diluted share, up from $24.5 million or $0.48 per diluted share in the prior year [11] - EBITDA increased by 4% to $35.8 million, resulting in a margin of 28.6% of net revenues, compared to 27.6% in the same period of 2023 [12] - Utilization rate improved to 73.4%, up from 69.6% year-over-year [12] Business Line Data and Key Metrics Changes - Proactive engagements saw growth driven by user experience studies and product development consulting in the consumer electronics sector, while reactive work moderated due to high growth comparisons from the previous year [4][6] - The engineering and other scientific segment accounted for 84% of revenues before reimbursements, with a 2% increase in revenues, while the environmental and health segment, representing 16% of revenues, decreased by 6% [8] Market Data and Key Metrics Changes - The consumer electronics sector showed a healthy rebound, contributing to proactive engagement growth, while the chemical sector faced persistent headwinds due to restructuring among major companies [4][7] - The utility sector's growth was attributed to asset integrity management engagements amid increased regulatory scrutiny [6] Company Strategy and Development Direction - The company is focused on aligning resources with market demand, achieving a utilization rate of 75% for the first nine months of 2024, and is raising margin guidance while maintaining revenue guidance for the full year [9] - The company aims to expand its capabilities and grow its team, emphasizing the importance of multidisciplinary expertise in addressing complex safety, health, and environmental challenges [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties due to its diversified portfolio, which positions it well for future growth opportunities [10] - The company anticipates mid-single-digit revenue growth for Q4 2024 and is optimistic about market trends as it expands offerings to meet evolving client needs [14][15] Other Important Information - The company expects average technical full-time equivalent employees to decline by approximately 7% year-over-year, with a sequential headcount growth of 1% to 2% anticipated in each quarter of 2025 [16] - The tax rate for Q4 2024 is expected to be around 28%, compared to 30.4% in the same quarter last year [18] Q&A Session Summary Question: Clarification on FTE growth expectations - Management expects to end the year with around 945 FTEs and anticipates a sequential growth of 1% to 2% in each quarter of 2025 [22] Question: Weaker reactive performance explanation - The decline in reactive performance is attributed to difficult comparisons with previous years and the completion of significant engagements [23] Question: Industry trends for 2025 - Management is optimistic about the consumer electronics sector, noting a healthy level of growth, while the chemicals sector is undergoing restructuring, which may impact spending [24][25] Question: Headcount growth and its impact on growth outlook - Higher turnover than expected affected headcount growth, but management remains confident in recruiting efforts and the ability to meet client demand [32][39] Question: Trajectory of the reactive business - Management expects the reactive business to grow year-over-year, despite current lower engagement sizes, due to strong demand and complex issues requiring their expertise [37]

Exponent (EXPO) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this engineering and scientific consulting company would post earnings of $0.50 per share when it actually produced earnings of $0.57, delivering a surprise of 14%.Over the last ...

EXHIBIT 99.1 Exponent Reports Third Quarter of Fiscal Year 2024 Financial Results MENLO PARK, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the third quarter of fiscal year 2024 ended September 27, 2024. "For the third consecutive quarter Exponent has delivered significantly improved utilization year over year, reflecting our ongoing focus on effective resource management and alignment with market demand. As expected, third quarter revenues befo ...

MENLO PARK, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO), today announced that it will report Third Quarter of fiscal year 2024 financial results for the period ended September 27, 2024 following the close of the market on Thursday, October 24, 2024. On that day, Dr. Catherine Corrigan, Chief Executive Officer and President, and Richard Schlenker, Executive Vice President and Chief Financial Officer, will host a conference call and webcast at 4:30 p.m. ET (1:30 p.m. PT) to discuss ...

Company Debuts Premium Banked Product Dynasty Luna™ and For-Sale Stepper Cabinet Player Classic Spin™ with Mechanical Wheel; Robust Game Roadmaps Across All Categories LAS VEGAS, Oct. 2, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing™ gaming operators need to engage players with more ...

BeOn™ Mobile Services Platform and Additional Integrated FinTech Solutions Enhance Guest Experiences, Improve Operational Efficiencies LAS VEGAS, Oct. 1, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing casino and venue operators need to engage patrons at the 2024 Global Gaming Expo (G2 ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Exponent (EXPO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Exponent is one of 317 individual stocks in the Business Services s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.001 per share EXPO Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Economic strength, encouraging service activities, and increased adoption and the success of the work-fromhome trend have enabled Zacks Consulting Services industry players to gain from the demand environment. Driven by these positives, investors interested in the industry would do well to keep stocks like Gartner, Inc. (IT) , FTI Consulting, Inc. (FCN) and Exponent, Inc. (EXPO) in their portfolios. About the Industry Companies grouped under the Consulting Services industry offer professional advice in mana ...

Investors might want to bet on Exponent (EXPO) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The Zacks Consensus Estimate for Exponent has increased 10.35% over the last 30 days, as two estimates have gone higher compared to no negative revisions. For the full year, the earnings estimate of $2.04 per share represents a change of +5.15% ...