Exponent reports Q4 EPS 46c, consensus 43c

Reports Q4 revenue $136.77M, consensus $119.59M.”Our fourth quarter results exceeded expectations, capping off a solid year that demonstrated the resilience of the business. With a laser focus on aligning resources with demand, we grew net revenues in the mid-single digits for the year and at the same time delivered significantly improved utilization and EBITDA1 margin. We achieved growth across both proactive and reactive services in the year, with consumer electronics and utilities fueling proactive growth and utilities and medical devices supporting reactive growth. Notably in the fourth quarter, the chemicals industry improved with increased activity in both litigation and regulatory engagements,” commented Dr. Catherine Corrigan, President and Chief Executive Officer. “Moving into 2025, we anticipate further demand for our services as industries continue to seek specialized expertise to navigate disruption including the technological advancements in transportation, energy infrastructure challenges in the face of increasing power demand and extreme weather, digital health and wearables, and heightened chemical scrutiny,” continued Dr. Corrigan. “As we grow our exceptional team and differentiated capabilities, we are well-positioned to support our clients’ innovations and deliver sustainable growth.”