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Exponent Reports Third Quarter 2008 Results
Date:10/15/2008

income 153 347

Retained earnings 122,470 113,018

Treasury stock, at cost (59,174) (41,234)

Total stockholders'

equity 135,362 131,919

$184,852 $182,391

EXPONENT, INC.

EBITDAS(1)

For the Quarters Ended September 26, 2008 and September 28, 2007

(in thousands)

Quarter Ended Nine Months Ended

September September September September

26, 28, 26, 28,

2008 2007 2008 2007

Net Income $5,942 $5,037 $18,082 $15,094

Add back (subtract):

Income taxes 4,100 3,266 12,119 9,875

Interest income, net (397) (407) (1,362) (1,351)

Depreciation and amortization 1,059 1,002 2,984 2,888

Stock-based compensation 1,726 1,374 6,352 4,666

EBITDAS (1) $12,430 $10,272 $38,175 $31,172

(1) EBITDAS is a non-GAAP financial measure defined by the Company as net

income before income taxes, interest income, depreciation and

amortization, and stock-based compensation. The Company regards

EBITDAS as a useful measure of operating performance and cash flow to

compliment operating income, net income and other GAAP financial

performance measures. Additionally, management believes that EBITDAS

provides meaningful comparisons of past, present and future operating


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SOURCE Exponent, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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