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1、2021Annual ReportDear Fellow Shareholders,Exponents performance in 2021 demonstrated the power of our value proposition,the strength of our differentiatedmarket position,and the resilience of our business model.The Company continued to expand and diversify itsengagement portfolio,while growing reven
2、ues and earnings.For fiscal year 2021,net revenues grew 15%,while ourEBITDA margin expanded over 340 basis points as compared to fiscal year 2020.Our team continues to deliverinnovative solutions as we broaden our client base and deepen our trusted client relationships.We could not haverealized this
3、 success without the dedication and exceptional performance of our engineers and scientists,and theemployees that support them.Our competitive advantage remains a cornerstone of our success:highly specialized,data-driven,and interdisciplinaryengineering and scientific prowess deployed against our cl
4、ients most challenging obstacles.In a world of ever-increasing technological complexity and escalating expectations around safety,health,and sustainability,Exponentrises to the top as the scientific advisor of choice.We leverage our decades-long experience in reactive failure analysisto inform our p
5、roactive services,addressing human health,environmental,engineering,and regulatory issues andproviding our clients the insights they need to make sound,data-driven decisions.Our reactive and proactive workstreams are quickly becoming equal contributors to revenue at the company.The value that we pro
6、vide to clients is only made possible by our ability to attract,engage,and develop the best andthe brightest team members.It is this brain trust comprised of over 900 consultants educated at major academicinstitutions around the world,with cross-industry experience,and the majority of whom hold a do