Exponent, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022
February 03, 2022 at 04:01 pm EST
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Exponent, Inc. provided earnings guidance for the first quarter and full year of 2022. For the first quarter of 2022 as compared to the same period one year prior, Exponent anticipates: Revenues before reimbursements to grow in the mid- to high-single digits; and, EBITDA margin to decrease 50 to 125 basis points.
For the full year 2022 as compared to the same period one year prior, Exponent anticipates: Revenues before reimbursements to grow in the mid- to high-single digits; and, EBITDA margin to decrease 200 to 250 basis points. The company had $10 million of tax benefit from share-based awards in 2021. So the difference will reduce net income by $4.7 million and earnings per diluted share by $0.09 per share.
Exponent, Inc., together with its subsidiaries, is a science and engineering consulting firm. The Company serves clients in chemicals, construction, consumer products, energy, food, beverage and nutrition, government, life sciences, insurance, manufacturing, technology, industrial equipment, transportation, and other sectors. It provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project- by-project basis. The Company has two segments: Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment is a service group providing technical consulting in different practices, primarily in engineering. The Environmental and Health segment provides services in the area of environmental, epidemiology and health risk analysis. This segment provides a range of consulting services relating to environmental hazards and risks and the impact on both human health and the environment.
EXPONENT, INC. 
