Exponent Inc (EXPO) has reported a 7.99 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $16.58 million, or $0.61 a share in the quarter, compared with $15.35 million, or $0.56 a share for the same period last year. Revenue during the quarter went up marginally by 1.16 percent to $84.12 million from $83.16 million in the previous year period. Gross margin for the quarter expanded 71 basis points over the previous year period to 95.66 percent. Total expenses were 82.60 percent of quarterly revenues, up from 80.23 percent for the same period last year. That has resulted in a contraction of 237 basis points in operating margin to 17.40 percent.
Operating income for the quarter was $14.63 million, compared with $16.44 million in the previous year period.
“Exponent’s first quarter results were better than our prior outlook and benefited from growth in our human factors, construction consulting and polymer science practices. With continued softness in a few industry sectors and a difficult year over year comparison, we are pleased to have delivered growth in the first quarter,” commented Dr. Paul Johnston, chief executive officer.
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