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1、 2017 Annual Report Dear Fellow Stockholders:2017 was a successful year for Exponent.We are pleased to have delivered strong financial results,executed on our strategy and continued to position the company for long-term success.We grew revenues 10%and expanded our EBITDA margin 160 basis points to 2
2、6.5%of net revenues for the year.The strong demand for our services allowed us to grow our overall consulting staff by 7%and improve our annual utilization to 75%.Exponents 2017 results demonstrated our ability to grow our business globally through strategic market expansion and capitalize on changi
3、ng market demands,both in reactive and proactive services.Achieving these results speaks to the effectiveness of our cross-sector expertise,our ability to quickly adapt to market changes,and the resilience of our model.Exponent engages the brightest scientists and engineers to empower a diverse port
4、folio of clients by providing solutions for a safe,healthy,sustainable and technologically complex world.In 2017,we expanded our capabilities in strategic growth areas,such as human factors,batteries and vehicle automation.We continue to leverage staff across our locations and business segments to m
5、eet the growing demand to better understand the increasing levels of interactivity between complex technologies and their users.Exponent is increasingly becoming a global brand.We extended our exceptionally strong reputation for reactive services in the United States to Asia and Europe during the ye
6、ar,and as we move through 2018,we expect our growth in Asia and Europe to remain strong.We will continue to leverage our experience and reputation in reactive services,to drive our proactive services for both domestic and international clients.As we look ahead,we are confident in Exponents unique ma