Exponent, Inc. reported its financial results for the fourth quarter and full fiscal year 2024, ended January 3, 2025. For Q4 2024, net revenues grew in the mid-single digits, contributing to mid-single digit net revenue growth for the full fiscal year. Net income for Q4 2024 was $23.6 million.
For the full fiscal year 2024, total revenue reached $518.5 million, marking a 4.3% increase from FY 2023, with an EPS of $2.11 and an EBITDA margin of 28%. The company noted starting 2025 with a 5-6% technical headcount deficit, which management is actively working to address.
Exponent's Board of Directors also announced a quarterly cash dividend increase from $0.28 to $0.30 per share, payable on March 21, 2025. For Q1 2025, the company anticipates revenues before reimbursements to be approximately flat to up low single digits, with an EBITDA margin between 27.0% and 28.0%. Full fiscal year 2025 guidance projects low single-digit growth in revenues before reimbursements and an EBITDA margin of 26.5% to 27.0%.
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