Strong Third Quarter Net Revenue Growth
Exponent delivered double-digit net revenue growth, with total revenues increasing 8% to $147.1 million and net revenues increasing 10% to $137.1 million year-over-year.
Increased Demand in Reactive Engagements
There was robust growth in reactive engagements across various sectors, including energy, transportation, life sciences, and construction, with a notable 18% growth in the reactive business.
Positive Developments in Human-Machine Interaction Studies
Encouraging demand trends in consumer electronics, particularly in human-machine interaction studies, are expected to improve in the fourth quarter.
Stock Repurchase Program and Dividend Payments
The company repurchased $40 million of common stock and approved a $100 million increase in the stock repurchase program, reflecting confidence in its long-term growth trajectory.