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1、2023Annual ReportDear?Fellow?Shareholders,The?2023?fiscal?year?demonstrated?the?resiliency?of?Exponents?highly?diversified?portfolio?and?the?merits?of?our?premium?service?offerings?to?multiple?industries.?We?delivered?a?7%?increase?in?net?revenues,?powered?by?growth?across?nearly?every?sector?we?ope
2、rate?in.?We?continued?deepening?our?roots?in?reactive?work,?which?grew?in?the?high?teens,?and?leveraging?that?expertise?to?branch?into?new,?untapped?areas,?offsetting?contraction?in?our?consumer?electronics?business.?By?investing?strategically?in?exceptional?people?and?innovative?capabilities,?and?f
3、ortifying?our?legacy?of?failure?analysis,?weve?proven?our?ability?to?weather?macroeconomic?uncertainty?while?remaining?responsive?to?the?cutting-edge?challenges?facing?industry?today.Exponent?is?the?consultant?of?choice?for?high-profile?events?worldwide,?ranging?from?wildfires?to?infrastructure?fail
4、ures?to?recalls?on?medical?devices.?Over?the?past?year?we?have?brought?Exponents?scientific?rigor?and?in-depth?analyses?to?issues?related?to?climate?change,?chemical?regulation,?consumer?product?safety,?and?autonomous?driving.?We?have?developed?data-driven?approaches?to?mitigating?risk?and?improving
5、?the?reliability?of?dispersed?assets?for?utilities.?Weve?helped?clients?reduce?their?reliance?on?fossil?fuels?and?map?their?transition?to?a?decarbonized?future.?And?weve?opined?on?key?disputes?involving?liquefied?natural?gas?facility?operations,?offshore?wind?farm?construction,?and?power?plant?perfo
6、rmance.These?achievements?are?made?possible?by?Exponents?most?important?asset:?our?ecosystem?of?best-in-class?engineers?and?scientists.?This?network?of?intellectual?capital,?powered?by?the?connections?of?90+?technical?disciplines,?offers?our?clients?the?breakthrough?insights?they?need?to?navigate?un