EXHIBIT 99.1

Exponent Reports Solid Third Quarter Fiscal 2014 Results

MENLO PARK, Calif., Oct. 22, 2014 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the third quarter and nine months ended October 3, 2014.

For the third quarter of 2014, revenues before reimbursements increased 6% to $74,264,000 as compared to $70,096,000 in the same period of 2013. Total revenues increased 4% to $78,557,000 as compared to $75,231,000 in the same period one year ago.

Net income for the third quarter of 2014 was $11,040,000, or $0.80 per diluted share, as compared to $11,094,000, or $0.79 per diluted share, reported in the same period of 2013. EBITDA¹ increased 5% to $19,688,000 in the third quarter of 2014, as compared to $18,784,000 in the same period one year ago.

For the nine-month period, revenues before reimbursements increased 4% to $219,562,000, as compared to $211,007,000 in the same period of 2013. Total revenues increased 3% to $231,093,000, as compared to $223,396,000 in the same period one year ago.

Net income for the nine months increased 5% to $31,458,000, or $2.26 per diluted share, as compared to $29,918,000, or $2.13 per diluted share, in the same period of 2013. For the same period EBITDA¹ increased 6% to $56,000,000, as compared to $52,863,000 in the same period one year ago.

During the first nine months of 2014, Exponent repurchased $27.9 million of common stock, and paid dividends of $9.8 million. The Company closed the third quarter with $141.6 million in cash, cash equivalents and short-term investments.

"Our performance in the third quarter delivered solid revenue growth and strong margins as a result of improved utilization," commented Dr. Paul Johnston, President and CEO. "We continued our work for a broad set of clients with strong demand from the consumer electronics, oil and gas, utilities and biomedical industries.

"During the quarter, we had notable contributions in our environmental and health segment from our environmental sciences, ecological sciences, and chemical regulation and food safety practices. In our engineering and other scientific segment we had notable performances from our mechanics and materials, biomedical, human factors and structures practices.

"For the full year 2014, we continue to believe the growth in revenues before reimbursement will be in the low single digits, but are raising our expectations for the EBITDA¹ margin to be approximately flat with fiscal year 2013. We have a challenging comparison in the fourth quarter as 2013 had an additional week and our defense business will be significantly down as a result of the withdrawal from Afghanistan. As a result we expect revenues before reimbursement for the fourth quarter of 2014 to be slightly down as compared to the same period of 2013.

"Exponent continues to build upon its unique position in the marketplace as a multi-disciplinary engineering and scientific consulting firm. We believe our consulting staff's in-depth technical knowledge and broad experience will allow us to continue to help clients solve their most important engineering, scientific and business problems. As a result we continue to be excited about the opportunities in front of us," concluded Dr. Johnston.

Today's Conference Call Information

Exponent will discuss its financial results in more detail on a conference call today, Wednesday, October 22, 2014, starting at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. The audio of the conference call is available by dialing 719-325-2420 or 888-539-3696. A live webcast of the call will be available on the Investor Relations section of the Company's website 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 website, or by dialing 719-457-0820 or 888-203-1112, and entering passcode 7015768#.

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 has been best known for analyzing accidents and failures to determine their causes, but in recent years it has become more active in assisting clients with human health, environmental and engineering issues associated with new products to help prevent problems in the future.

Exponent may be reached at (888) 656-EXPO, [email protected], 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. The Private Securities Litigation Reform Act of 1995 subject to the safe harbor creates such forward-looking statements. 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 Company should not regard the inclusion of such forward-looking information as a representation 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 EBITDA is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization. EBITDAS is a non-GAAP financial measure defined by the Company as EBITDA before stock-based compensation. The Company regards EBITDA and EBITDAS as useful measures of operating performance and cash flow to complement operating income, net income and other GAAP financial performance measures. Additionally, management believes that EBITDA and EBITDAS provide 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. These measures, 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 the measures to GAAP is set forth below.

EXPONENT, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
For the Quarters Ended October 3, 2014 and September 27, 2013
(unaudited)
(in thousands, except per share data)
�	�	�	�	�
�	�	�	�	�
�	�Quarter Ended�		�Nine Months Ended�
�	�October 3,�	�September 27,�	�October 3,�	�September 27,�
�	�2014�	�2013�	�2014�	�2013�
�	�	�	�	�
Revenues	�	�	�	�
Revenues before reimbursements	�$�74,264	�$�70,096	�$�219,562	�$�211,007
Reimbursements	�4,293	�5,135	�11,531	�12,389
�	�	�	�	�
Revenues	�78,557	�75,231	�231,093	�223,396
�	�	�	�	�
Operating expenses	�	�	�	�
Compensation and related expenses	�43,948	�44,801	�138,855	�137,795
Other operating expenses	�6,715	�6,440	�19,482	�18,794
Reimbursable expenses	�4,293	�5,135	�11,531	�12,389
General and administrative expenses	�4,363	�3,695	�11,809	�10,814
�	�	�	�	�
�	�59,319	�60,071	�181,677	�179,792
�	�	�	�	�
Operating income	�19,238	�15,160	�49,416	�43,604
�	�	�	�	�
Other income (expense), net	�	�	�	�
Interest income, net	�33	�14	�117	�95
Miscellaneous income, net	�(896)	�2,341	�2,605	�5,592
�	�(863)	�2,355	�2,722	�5,687
�	�	�	�	�
Income before income taxes	�18,375	�17,515	�52,138	�49,291
�	�	�	�	�
Income taxes	�7,335	�6,421	�20,680	�19,373
�	�	�	�	�
Net income	�$�11,040	�$�11,094	�$�31,458	�$�29,918
�	�	�	�	�
Net income per share:	�	�	�	�
Basic	�$�0.82	�$�0.82	�$�2.33	�$�2.19
Diluted	�$�0.80	�$�0.79	�$�2.26	�$�2.13
�	�	�	�	�
Shares used in per share computations:	�	�	�	�
Basic	�13,469	�13,598	�13,509	�13,638
Diluted	�13,824	�13,993	�13,889	�14,047
�	�	�	�	�

�
EXPONENT, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
October 3, 2014 and January 3, 2014
(unaudited)
(in thousands)
�	�	�
�	�October 3,�	�January 3,�
�	�2014�	�2014�
Assets	�	�
Current assets:	�	�
Cash and cash equivalents	�$�115,614	�$�122,948
Short-term investments	�26,009	�33,171
Accounts receivable, net	�89,089	�76,980
Prepaid expenses and other assets	�12,630	�10,450
Deferred income taxes	�11,141	�8,135
Total current assets	�254,483	�251,684
Property, equipment and leasehold improvements, net	�28,812	�28,721
Goodwill	�8,607	�8,607
Other assets	�60,154	�55,154
�	�$�352,056	�$�344,166
�	�	�
Liabilities and Stockholders' Equity	�	�
Current liabilities:	�	�
Accounts payable and accrued liabilities	�$�11,011	�$�8,442
Accrued payroll and employee benefits	�54,496	�56,934
Deferred revenues	�5,848	�6,771
Total current liabilities	�71,355	�72,147
Other liabilities	�37,997	�34,628
Deferred rent	�2,162	�2,332
Total liabilities	�111,514	�109,107
�	�	�
Stockholders' equity:	�	�
Common stock	�16	�16
Additional paid-in capital	�158,909	�141,250
Accumulated other comprehensive (loss)/income	�(353)	�109
Retained earnings	�241,074	�226,040
Treasury stock, at cost	�(159,104)	�(132,356)
Total stockholders' equity	�240,542	�235,059
�	�$�352,056	�$�344,166
�	�	�

�
EXPONENT, INC.
EBITDA and EBITDAS (1)
For the Quarters Ended October 3, 2014 and September 27, 2013
(unaudited)
(in thousands)
�	�	�	�	�
�	�	�	�	�
�	�Quarter Ended�		�Nine Months Ended�
�	�October 3,�	�September 27,�	�October 3,�	�September 27,�
�	�2014�	�2013�	�2014�	�2013�
�	�	�	�	�
Net Income	�$�11,040	�$�11,094	�$�31,458	�$�29,918
�	�	�	�	�
Add back (subtract):	�	�	�	�
�	�	�	�	�
Income taxes	�7,335	�6,421	�20,680	�19,373
Interest income, net	�(33)	�(14)	�(117)	�(95)
Depreciation and amortization	�1,346	�1,283	�3,979	�3,667
�	�	�	�	�
EBITDA (1)	�19,688	�18,784	�56,000	�52,863
�	�	�	�	�
Stock-based compensation	�2,710	�2,501	�10,585	�10,832
�	�	�	�	�
EBITDAS (1)	�$�22,398	�$�21,285	�$�66,585	�$�63,695
�	�	�	�	�

(1) EBITDA is a non-GAAP financial measure defined by the Company as net income before income taxes, interest income, depreciation and amortization.�EBITDAS is a non-GAAP financial measure defined by the Company as EBITDA before stock-based compensation.�The Company regards EBITDA and EBITDAS as useful measures of operating performance and cash flow to compliment operating income, net income and other GAAP financial performance measures.�Additionally, management believes that EBITDA and EBITDAS provide 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.�These measures, 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.

EXHIBIT 99.2

Exponent Declares Regular Quarterly Dividend

MENLO PARK, Calif., Oct. 22, 2014 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO) today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share of common stock to be paid on Dec 19, 2014 to all common stockholders of record as of November 28, 2014.

Exponent anticipates paying quarterly dividends each year in March, June, September and December. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of Exponent's Board of Directors.

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 has been best known for analyzing accidents and failures to determine their causes, but in recent years it has become more active in assisting clients with human health, environmental and engineering issues associated with new products to help prevent problems in the future.

Exponent may be reached at (888) 656-EXPO, [email protected], 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.

SEC Filings

Exponent (EXPO) Declares $0.25 Quarterly Dividend; 1.3% YieldOctober 22, 2014 5:07 PM