Exponent Inc. reported unaudited consolidated financial results for the first quarter ended March 29, 2013. For the first quarter of 2013, revenues before reimbursements increased 4% to $68,992,000, as compared to $66,470,000 in the first quarter of 2012. Total revenues were $72,660,000, as compared to $71,925,000 in the same period one year ago. Net income for the first quarter was $7,976,000, or $0.56 per diluted share, as compared to $8,201,000, or $0.57 per diluted share, reported in the same quarter one year ago. EBITDA was $14,609,000, as compared to $14,800,000 in the first quarter last year. Operating income was $10,851,000, compared to $11,816,000 for the last year. Income before income taxes was $13,505,000, compared to $13,733,000 for the last year. Operating cash flow was a negative $5.1 million in the quarter due to the fact that it paid out annual bonuses during the quarter. Capital expenditures in the first quarter were $2 million, which is higher than usual due to a few tenant improvement projects in the first quarter. Looking forward the company still expects 2013 revenues before reimbursements to be approximately flat with 2012. The company is improving 2013 outlook on EBITDA margin by 25 basis points to be down by 225 to 275 basis points as compared to the previous year. This guidance reflects the offsetting effects of reduced revenues from a few major assignments and defense work, with increased revenues from growth of the remaining business. The company expects income tax rate of 40.9% for the full year.

Exponent Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share of common stock to be paid on June 28, 2013 to all common stockholders of record as of June 7, 2013.

Exponent Inc. announced that they will report Q1, 2013 results on Apr 17, 2013