Exponent, Inc. (EXPO) 2011年年度报告「NASDAQ」.pdf

1、 2011 Annual Report Dear Fellow Stockholders:2011 was another strong year for Exponent,where we posted double-digit growth in revenues and earnings.During the year,we experienced strong demand across a broad set of our practices,which resulted in a higher utilization rate,even though we achieved sig

2、nificant growth in our professional headcount.We were able to assist more than 1,500 clients on over 7,000 projects during the year.For the full year,total revenues increased 10%to$272.4 million and revenues before reimbursements increased 11%to$246.7 million.Net income improved 19%to$32.7 million,o

3、r$2.22 per diluted share,and EBITDA increased 16%to$59.0 million.During 2011,we generated$46.6 million in cash flow from operations,repurchased$40.6 million of common stock,and closed the year with$109.7 million in cash,cash equivalents and short-term investments.In 2011,we were able to leverage our

4、 breadth of disciplines and depth of engineering and scientific knowledge to assist our clients in addressing a diverse set of complex issues.We were retained on a few high-profile,major assignments where we were able to leverage our unique set of practices.We had notable performances from our mecha

5、nics and materials,electrical,thermal sciences,human factors and engineering management consulting practices,as well as our health and environmental groups.In our technology development practice,we delivered new improvised explosive device detection capability to the United Kingdoms Ministry of Defe

6、nse and continued to generate product sales in surveillance systems.Additionally,we secured new contracts to support the U.S.Armys Rapid Equipping Force and continue the development of ground penetrating radar technology for the United States Department of Defense.As we enter 2012,we are optimistic