Last $81.65 USD
Change Today +2.84 / 3.60%
Volume 57.1K
As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

exponent inc (EXPO) Key Developments

Exponent Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 3, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Exponent Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 3, 2014. For the quarter, the company reported revenue of USD 78,557,000 compared with USD 75,231,000 for the same period last year. Operating income was USD 19,238,000 compared with USD 15,160,000 for the same period last year. Income before income taxes was USD 18,375,000 compared with USD 17,515,000 for the same period last year. Net income was USD 11,040,000 or USD 0.80 basic and diluted per share compared with USD 11,094,000 or USD 0.79 basic and diluted per share for the same period last year. EBITDA was USD 19,688,000 compared with USD 18,784,000 for the same period last year. EBITDAS was USD 22,398,000 compared with USD 21,285,000 for the same period last year. Capital expenditures were USD 1.9 million. For the nine months, the company reported revenue of USD 231,093,000 compared with USD 223,396,000 for the same period last year. Operating income was USD 49,416,000 compared with USD 43,604,000 for the same period last year. Income before income taxes was USD 52,138,000 compared with USD 49,291,000 for the same period last year. Net income was USD 31,458,000 or USD 2.26 basic and diluted per share compared with USD 29,918,000 or USD 2.13 basic and diluted per share for the same period last year. EBITDA was USD 56,000,000 compared with USD 52,863,000 for the same period last year. EBITDAS was USD 66,585,000 compared with USD 63,695,000 for the same period last year. The company has a challenging comparison in the fourth quarter as 2013 had an additional week and its defense business will be significantly down as a result of the withdrawal from Afghanistan. As a result the company expects revenues before reimbursement for the fourth quarter of 2014 to be slightly down as compared to the same period of 2013. For the fourth quarter, the company expects net revenues from defense to be approximately USD 1.5 million as a result of the withdrawal of troops from Afghanistan. The company expects tax rate to be approximately 40.5%. For the full year 2014, the company continues to believe the growth in revenues before reimbursement will be in the low single digits, but are raising its expectations for the EBITDA margin to be approximately flat with fiscal year 2013.

Exponent Declares Regular Quarterly Dividend Payable on Dec. 19, 2014

Exponent Inc. announced that its board of directors has declared a quarterly cash dividend of $0.25 per share of common stock to be paid on Dec. 19, 2014 to all common stockholders of record as of November 28, 2014.

Exponent Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 11:00 AM

Exponent Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 11:00 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Richard L. Schlenker, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Secretary.

Exponent Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2014; Provides Tax Rate Guidance for the Third and Fourth Quarter and Revises Earnings Guidance for the Full Year of Fiscal 2014

Exponent Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 4, 2014. For the quarter, the company announced revenues of $76,574,000 compared to $75,505,000 for the same period a year ago. Operating income was $16,084,000 compared to $17,593,000 for the same period a year ago. Income before income taxes was $18,398,000 compared to $18,271,000 for the same period a year ago. Net income was $11,264,000 compared to $10,848,000 for the same period a year ago. Net income per share, diluted was $0.81 compared to $0.77 for the same period a year ago. EBITDA was $19,669,000 compared to $19,470,000 for the same period a year ago. EBITDAS was $22,251,000 compared to $22,510,000 for the same period a year ago. Capital expenditures in the second quarter were $1.1 million. For the six months, the company announced revenues of $152,536,000 compared to $148,165,000 for the same period a year ago. Operating income was $30,178,000 compared to $28,444,000 for the same period a year ago. Income before income taxes was $33,763,000 compared to $31,776,000 for the same period a year ago. Net income was $20,418,000 compared to $18,824,000 for the same period a year ago. Net income per share, diluted was $1.47 compared to $1.34 for the same period a year ago. EBITDA was $36,312,000 compared to $34,079,000 for the same period a year ago. EBITDAS was $44,187,000 compared to $42,410,000 for the same period a year ago. The company provided tax rate guidance for the third and fourth quarter and revised earnings guidance for the full year of fiscal 2014. The company announced that considering its performance in the first half, it is improving 2014 outlook on EBITDA margin by 75 basis points to be down by approximately 25 basis points from the 24.6% margin in 2013. For the full year 2014, the company continues to expect revenues from defense to be lower than in 2013 due to constraints on defense spending and the reduction of forces in Afghanistan. The company announced that the tax rate in the third and fourth quarters is expected to be approximately 40.5%.

Exponent, Inc. Declares Quarterly Cash Dividend, Payable on Sept 26, 2014

Exponent Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock to be paid on Sept 26, 2014 to all common stockholders of record as of Sept 5, 2014.

 

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