January 30, 2008

Exponent Reports Strong Fourth Quarter and Fiscal Year 2007 Results

MENLO PARK, Calif., January 30, 2008 - Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the fourth quarter and fiscal year ended December 28, 2007.

For the fourth quarter of 2007, revenues increased 37% to $56,734,000, as compared to $41,482,000, in the same period of 2006. Revenues before reimbursements grew 24% to $46,974,000, as compared to $38,021,000, last year. Net income was up 76% to $5,247,000, or $0.33 per diluted share, as compared to $2,979,000, or $0.18 per diluted share, in the prior year period. EBITDAS¹ improved 57% to $10,672,000, as compared to $6,802,000, in the fourth quarter of 2006.

For the fiscal year ended December 28, 2007, revenues increased 22% to $205,148,000, as compared to $168,496,000, in fiscal year 2006. Revenues before reimbursements grew 17% to $183,139,000, as compared to $156,742,000, last year. Net income was up 43% to $20,341,000, or $1.25 per diluted share, as compared to $14,194,000, or $0.83 per diluted share, in the prior year. EBITDAS¹ improved 41% to $41,844,000, as compared to $29,693,000, in 2006.

During 2007, Exponent generated $27.0 million in cash flow from operations, used $24.6 million to repurchase its common stock, and closed the year with $63.7 million in cash, cash equivalents and short-term investments.

“The fourth quarter benefited from continued strong performances of a broad set of practices, as well as the delivery of Rapid Deployment Integrated Surveillance Systems to the U.S. Army,” commented Michael R. Gaulke, Chairman and CEO. “In addition to the positive impact of our defense technology development practice, we posted strong revenue growth, improved utilization, and solid bottom line profit. We had notable performance in our electrical & semiconductors, thermal sciences, human factors, and mechanics & materials practices, in addition to our health and environmental groups.

“In 2007, we were able to convert our strong revenue growth into expanded margins through utilization improvement, infrastructure leverage, and increases in product sales. In addition to our strong financial results for the year, we made significant progress in several of our strategic growth areas including health science consulting, product design consulting, energy consulting, and defense technology development.

“In the coming year, we expect to post high single-digit to low double-digit growth in revenue before reimbursements as we focus on capitalizing on our strategic growth areas. We believe the demand for our consulting services will continue to expand as products and processes become more technologically complex and geographically dispersed. We also see our demand continuing to be driven by product failures, human health hazards, and environmental concerns. We believe that Exponent’s differentiated market position as a multidisciplinary engineering and scientific consulting firm with unparalleled technical expertise and experience will allow us to translate these opportunities and market drivers into long-term shareholder value,” concluded Mr. Gaulke.

Today's Conference Call Information
Exponent will discuss its financial results in more detail on a conference call today, January 30, 2008, starting at 4:30 p.m. Eastern Daylight Time/1:30 p.m. Pacific Daylight Time. The audio on the conference call is available by dialing 800-219-6110. A live webcast of the call will be available on the Investor Relations section of the Company's web site at www.exponent.com/investors. For those unable to listen to the live webcast, a replay of the call will also be available on the Exponent web site, or by dialing 800-405-2236 and entering reservation #11106971.

About Exponent
Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent's multidisciplinary organization of scientists, physicians, engineers, and business consultants brings together more than 90 technical disciplines to address complicated issues facing industry and government today. The firm is best known for analyzing accidents and failures to determine their causes, but in recent years it has become more active in assisting clients with their new products to help prevent problems in the future. In addition, Exponent evaluates human health and environmental concerns to find cost-effective solutions.

Exponent may be reached at (888) 656-EXPO, info@exponent.com, or www.exponent.com.

This news release contains, and incorporates by reference, certain "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995, and the rules promulgated pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended thereto under) that are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Such forward-looking statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. When used in this document and in the documents incorporated herein by reference, the words "anticipate," "believe," "estimate," "expect" and similar expressions, as they relate to the Company or its management, identify such forward-looking statements. Such statements reflect the current views of the Company or its management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company's actual results, performance, or achievements could differ materially from those expressed in, or implied by, any such forward-looking statements. Factors that could cause or contribute to such material differences include the possibility that the demand for our services may decline as a result of changes in general and industry specific economic conditions, the timing of engagements for our services, the effects of competitive services and pricing, the absence of backlog related to our business, our ability to attract and retain key employees, the effect of tort reform and government regulation on our business, and liabilities resulting from claims made against us. Additional risks and uncertainties are discussed in our Annual Report on Form 10-K under the heading "Risk Factors" and elsewhere in the report. The inclusion of such forward-looking information should not be regarded as a representation by the Company or any other person that the future events, plans, or expectations contemplated by the Company will be achieved. The Company undertakes no obligation to release publicly any updates or revisions to any such forward-looking statements.

(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 complement operating income, net income and other GAAP financial performance measures. Additionally, management believes that EBITDAS provides meaningful comparisons of past, present and future operating results. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. A reconciliation of EBITDAS to GAAP is set forth below.

Condensed consolidated statements of income for the quarters ended December 28, 2007 and December 29, 2006 (PDF format)

January 16, 2008

Exponent to Announce Fourth Quarter and Fiscal Year 2007 Results

MENLO PARK, CA, Jan. 16 /PRNewswire-FirstCall/ -- Exponent, Inc. (Nasdaq: EXPO), today announced that it would release financial results for the fourth quarter and year ended December 28, 2007, immediately following the close of the market on Wednesday, January 30, 2008. The Company will host a corresponding conference call and live webcast at 4:30 p.m. Eastern Time/ 1:30 p.m. Pacific Time. Michael Gaulke, Chairman and Chief Executive Officer, and Richard Schlenker, Chief Financial Officer, will discuss the results.

A live webcast of this conference call will be available on the Investor Relations section of the Company's web site at www.exponent.com/investors. It will also be available via replay beginning two hours after the completion of the call and through Friday, February 1, 2008 by dialing 800-405-2236, and entering reservation #11106971.

About Exponent

Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent's multidisciplinary organization of scientists, physicians, engineers, and business consultants brings together more than 90 technical disciplines to address complicated issues facing industry and government today. The firm's consultants analyze failures and accidents to determine their causes and provide answers to help prevent such problems. In addition, Exponent evaluates human health and environmental concerns to find cost-effective solutions.

Exponent may be reached at (888) 656-EXPO, info@exponent.com, or www.exponent.com.

January 14, 2008

FDNY Personal Safety System Used for First Time, Saves Firefighter's Life

In 2005, Exponent was retained by the Fire Department, City of New York (FDNY) to provide independent third party engineering consulting and technical review services related to the FDNY’s design and procurement of Personal Safety System’s (PSS’s) for use by its members. A PSS is a system of components intended to provide a firefighter with the means for self-rescue, and is carried by all members at all times when performing operations. Exponent analyzed and assessed the FDNY’s efforts to ensure the PSS met the FDNY’s requirements, and was a suitable and efficient means to egress from a structure if conditions become untenable.

On New Years Eve, an FDNY member used the PSS for the first time since it was issued. FDNY Firefighters responded to a fire in a wood-frame building on 540 Willoughby Avenue at 3:41 a.m. A firefighter working on the fourth floor of the building encountered fire blocking his means of egress. With no other means of escape, the firefighter hooked his PSS to the window frame and escaped outside, where he dangled below the ledge. Firefighters manning the aerial equipment immediately moved their apparatus to meet him and lower him to safety. Click here to read the full story.

January 10, 2008

Exponent Consultant Is New Columnist for Industrial Heating Magazine

Dr. Richard Martin, Sr. Managing Engineer in Los Angeles, has recently started writing a column for Industrial Heating Magazine. Rick specializes in combustion safety and has 27 years experience in the industry. His column is available on-line.

Exponent Engineer Chairs Session on Materials for Medical Devices at MD&M West

Dr. Maureen Reitman, Principal Engineer in the Mechanics & Materials practice in Bowie, MD, is the chairman of the Society of Plastics Engineers' Medical Plastics Division. She will chair a day-long session on "MultiPhase Polymer Systems and Blends and their application in Medical Devices" at the MD&M West Conference on Thursday January 31, 2008 in Anaheim CA. The session provides an understanding of fundamental and practical aspects of multiphase materials, including polyurethanes, nanocomposites and biopolymers. Attendees will hear presentations about enabling technologies, new materials, potential applications, and special considerations for medical device usage and participate in a panel discussion with industrial and academic leaders. More information on the program can be found at: www.devicelink.com/expo/west08/conference_404.html.

January 08, 2008

Exponent Presenting Papers at the Ergonomics Society Annual Conference

Michael Kuzel, P.E. of the Vehicle Engineering practice will be presenting two papers at the Ergonomics Society Annual Conference in Nottingham, England on April 1-3, 2008. The results of one of the studies, “Perception and Cognition During Walking While Concurrently Using a Cellular Phone,” indicate that cellular phone use significantly affects the ability of an individual to both visually detect and gather detail about objects in their environment. Although much research has been done to document the effects of cell phone use on driving, this is the first known investigation of the effects of cell phone use while walking. The co-authors are Michelle Heller and Sherry DiJorio of Exponent and Robert Gray, Ph.D. and Stacy Straughn of Arizona State University. The second study, “Effect of Shoe Type on Kinematics of Stair Negotiation in Women,” provided results of an observational analysis showing that women wearing high-heeled shoes demonstrate a more controlled gait pattern while ascending and descending stairs than when wearing other shoe types, reflecting an apparent greater demand on foot placement and attention to task. The co-authors are Michelle Heller, Sherry DiJorio, Lauren Ciccarelli, and Michael Carhart.

January 07, 2008

Sustainability: Considerations for Including Eco-Assets in a Company's Bottom Line

Pieter Booth, Nick Gard and Sheryl Law from the EcoSciences Practice in Bellevue, WA recently published an article entitled “Sustainability: Considerations for Including Eco-Assets in a Company’s Bottom Line” in the December 2007 issue of the Climate Change, Sustainable Development and Ecosystems Committee Newsletter of the American Bar Association’s Section of Energy, Environment & Resources.

The full newsletter can be found at: http://www.abanet.org/environ/committees/climatechange/newsletter/.

January 02, 2008

Exponent Engineer Appointed Principal Member to NFPA 72, Technical Committee on Single- and Multiple-Station Alarms and Household Fire Alarm Systems