Exponent (EXPO) FY2023 results: revenue $537 million, up 4.6% on the year
Exponent Inc. (EXPO) reported revenue of $537 million for fiscal 2023, the year ended 29 December 2023, up 4.6% on the year before. Net income was $100 million, down 1.9%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$537 million
+4.6% on the year
FY2016FY2023
Operating margin
20.7%
27.4% a year earlier
FY2016FY2023
Net income
$100 million
-1.9% on the year
FY2016FY2023
Diluted EPS
$1.94
-1.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
127
93.8
125
+35.8%
Capital expenditure
16.4
12.0
6.8
+35.8%
Free cash flow
111
81.8
118
+35.8%
Free cash flow margin
20.7%
15.9%
25.3%
Cash from investing
-16.4
-12.0
38.2
Cash from financing
-86.0
-216
-62.8
Depreciation and amortisation
8.9
7.1
6.5
+25.9%
Share-based compensation
20.4
20.4
19.3
-0.0%
Buybacks
24.2
156
7.0
-84.5%
Dividends paid
52.7
49.1
41.7
+7.3%
Dividend per share
$1.04
$0.96
$0.80
+8.3%
Diluted shares, weighted
52m
52m
53m
-1.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
356
321
417
+11.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
22.0
13.3
9.8
+64.6%
Other liabilities
269
253
257
+6.4%
Total liabilities and equity
647
587
684
+10.2%
Fixed assets
75.3
65.5
60.0
+14.9%
Goodwill
8.6
8.6
8.6
0.0%
Securities held for sale or to maturity
n/a
n/a
298
Cash and equivalents
187
161
298
+15.9%
Receivables
167
170
140
-1.6%
Other assets
208
181
n/a
+15.1%
Total assets
647
587
684
+10.2%
10-K for the year ended 29 December 2023, filed 23 February 2024: the filing.