Exponent sees Q1 revenue ‘flat to down low-single digits’

As part of its Q4 earnings last night, the company guided: “Q1 EBITDA to be 26.0% to 27.0% of revenues; FY24 revenues before reimbursements to be flat to down in the low-single digits and FY24 EBITDA to be 25.75% to 26.5% of revenues before reimbursements”. CFO Richard Schlenker stated: “With a challenging comparison in our reactive business, as well as ongoing headwinds in the consumer electronics industry and macro-related uncertainty, we expect revenue before reimbursements to be flat to down modestly in 2024. Our confidence in the long-term growth trajectory of the business is unwavering, underscored by our Board of Directors’ recent approval of an increase in the Company’s quarterly dividend and increase to our share repurchase authorization.”