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EXPONENT INC

For the period ended Mar 29, 2024. Filed May 3, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 29, 2024 · Filed May 3, 2024

EXPO$84.02-2.1%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 29,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to___________

Commission File Number 0-18655

(Exact name of registrant as specified in its charter)

delaware77-0218904
(State or other jurisdiction of(I.R.S. Employer Identification No.)
incorporation or organization)
149 COMMONWEALTH DRIVE,MENLO PARK, California94025
(Address of principal executive office)(Zip Code)

(650)326-9400

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes☒No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes☒No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YesNo☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.001 per shareEXPONasdaq Global Select Market

As of April 26, 2024, the latest practicable date, the registrant had 50,670,271 shares of common stock outstanding.

FORM 10-Q

TABLE OF CONTENTS

Page
PART I – FINANCIAL INFORMATION3
Item 1.Financial Statements (unaudited):3
Condensed Consolidated Balance Sheets as of March 29, 2024 and December 29, 20233
Condensed Consolidated Statements of Income for the Three Months Ended March 29, 2024 and March 31, 20234
Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 29, 2024 and March 31, 20235
Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 29, 2024 and March 31, 20236
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 29, 2024 and March 31, 20237
Notes to Unaudited Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19
Item 3.Quantitative and Qualitative Disclosures About Market Risk26
Item 4.Controls and Procedures26
PART II – OTHER INFORMATION27
Item 1.Legal Proceedings27
Item 1A.Risk Factors27
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds27
Item 3.Defaults Upon Senior Securities27
Item 4.Mine Safety Disclosures27
Item 5.Other Information27
Item 6.Exhibits29
Signatures30
ContentsView on SEC.gov

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