Exponent, Inc. (EXPO) 2013年年度报告「NASDAQ」.pdf

1、 2013 Annual Report Dear Fellow Stockholders:We are pleased to have delivered solid financial results in 2013,with continued revenue and net income growth,and strong cash flow from operations.This performance allowed us to continue to return value to shareholders through share repurchases and the in

2、itiation of dividend payments.For the full year,revenues before reimbursements were up 5%to$280 million and total revenues increased 1%to$296 million.Net income improved 4%to$38.6 million,or$2.76 per diluted share,and EBITDA grew 4%to$68.8 million.During 2013,we generated$61.8 million in cash flow f

3、rom operations,repurchased$25.0 million of common stock,paid dividends of$7.9 million and closed the year with$156.1 million in cash,cash equivalents and short-term investments.During 2013,we continued to build upon our leading position in reactive services,where we investigated accidents ranging fr

4、om the collapse of a major industrial facility to a home fire;evaluated potential product recalls including home appliances and food products;and assessed the health and environmental exposures for oil and gas operations.Additionally,we expanded our market recognition in proactive services,where we

5、provided design consulting for products ranging from tablet computers to drug delivery systems;assisted clients with regulatory matters involving bathroom fixtures and cosmetics;and worked with clients to develop risk management programs for gas distribution systems.As we enter 2014,we remain optimi

6、stic about our business and believe we can continue to expand our unique market position in assessing the reliability,safety,human health and environmental issues of increasingly complex technologies,products,and processes.While we expect major assignments to step down this year,we remain focused on