Exponent, Inc. (NASDAQ:EXPO) Q1 2022 Earnings Conference Call April 28, 2022 4:30 PM ET

Company Participants

Joni Konstantelos - Investor Relations

Catherine Corrigan - President and Chief Executive Officer

Rich Schlenker - Executive Vice President and Chief Financial Officer

Conference Call Participants

Andrew Nicholas - William Blair

Alexander Leach - Berenberg Capital Markets

Tobey Sommer - Truist Securities

Operator

Good day and welcome to the Exponent, Inc. First Quarter of Fiscal Year 2022 Financial Results Conference Call. Today’s conference is being recorded. At this time, I’d like to turn the conference over to Joni Konstantelos. Please go ahead, ma’am.

Joni Konstantelos

Thank you, operator. Good afternoon, ladies and gentlemen. Thank you for joining us on Exponent’s first quarter 2022 financial results conference call. Please note that this call will be simultaneously webcast on the Investor Relations section of the company’s corporate website at www.exponent.com/investors. This conference call is the property of Exponent, and any taping or other reproduction is expressly prohibited without prior written consent.

Joining me on the call today are Dr. Catherine Corrigan, President and Chief Executive Officer; and Rich Schlenker, Executive Vice President and Chief Financial Officer.

Before we start, I would like to remind you that the following discussion contains forward-looking statements, including, but not limited to, Exponent’s market opportunities and future financial results that involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Additional information that could cause actual results to differ from forward-looking statements can be found in Exponent’s periodic SEC filings, including those factors discussed under the caption Risk Factor in Exponent’s most recent Form 10-Q. The forward-looking statements and risks in this conference call are based on current expectations as of today, and Exponent assumes no obligation to update or revise them, whether as a result of new developments or otherwise.

And now, I will turn the call over to Dr. Catherine Corrigan, Chief Executive Officer. Catherine?

Catherine Corrigan

Thank you, Joni and thank you everyone for joining us today. I will start off by reviewing our first quarter 2022 business performance. Rich will then provide a more detailed review of our financial results and outlook, and we will then open the call for questions.

We had a solid start to the year, achieving year-over-year growth in revenue and EBITDA, while continuing to advance our long-term goals. Our business model persists in demonstrating our resiliency against the challenging macroeconomic environment, as evidenced by the strong demand we are seeing for our services across the business during the quarter. I’m pleased that clients are increasingly relying on Exponent for our scientific and engineering expertise to help solve their most complex problems.