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Exponent Increases Share Repurchase Authorization by $50M
Exponent's board of directors increased the company's authority to repurchase shares of its common stock by $50M. "Our quarterly dividend and increased share repurchase authorization reflects the strength and durability of Exponent's business model and our disciplined approach to capital allocation," commented Catherine Corrigan, Chief Executive Officer. "Supported by our strong financial foundation and differentiated market position, we remain committed to returning capital to shareholders while investing in long-term growth opportunities."
Exponent Sees Q3 Adjusted EBITDA at 28%-28.5% of Revenue
Sees Q3 adjusted EBITDA 28%-28.5% of revenue before reimbursements. "These results reflect the powerful long-term trends driving our business, including rapid technological innovation, increasing complexity, growing energy demand, investment in resilient power and digital infrastructure, and rising expectations for safety, reliability, and performance. As artificial intelligence becomes embedded in an expanding array of physical products and systems, organizations face increasingly daunting human factors, operational, and risk management challenges that extend well beyond software. Clients turn to Exponent when they encounter critical questions involving the interaction of technology, people, and complex real-world environments, particularly when the consequences of failure are exceptionally high. Our multidisciplinary teams provide the independent, science-based insights needed to accelerate innovation, improve decision-making, and reduce high-consequence risk in areas where few organizations possess comparable expertise," Corrigan continued.
Exponent Reports Q2 Revenue of $148.86M
Reports Q2 revenue before reimbursements $148.86M, consensus $147.49M. "Exponent delivered another strong quarter, with double-digit growth in revenues and earnings reflecting continued demand for our specialized expertise across industries," stated Dr. Catherine Corrigan, Chief Executive Officer. "Our proactive work experienced strong growth in the quarter, led by demand for user research studies as clients accelerate the development of AI-enabled products across an increasingly diverse range of hardware form factors and applications, with engagements continuing to expand in scope, scale and complexity. Proactive activity was also supported by increased risk management and infrastructure-related engagements in the utility sector. Reactive work grew, with strong demand for our dispute-related expertise from the consumer products, chemicals, and transportation industries."
Company Raises FY26 Adjusted EBITDA Outlook to 27.8%-28.1%
Raises FY26 adjusted EBITDA view to 27.8%-28.1% from 27.6%-28.1% of revenue before reimbursements. "Our second quarter results demonstrate continued disciplined execution across the business, with strong utilization of 74% contributing to performance that exceeded our expectations," commented Eric Anderson, Chief Financial Officer. "We continued to invest in our talent and capabilities while maintaining a disciplined capital allocation strategy, returning a combined $272 million to shareholders over the last twelve months through share repurchases and our ongoing dividend program."
Exponent's Board Increases Share Repurchase Authority by $50M
Exponent's board of directors increased the company's authority to repurchase shares of its common stock by $50M. This is in addition to the $17.7M available for repurchase as of April 3.
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