Net income and EPS rose yr/yr on higher demand across AI, utilities, and dispute services
Company increased stock repurchase program by $50 mln
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$171.60 mln
$147.55 mln (4 Analysts)
Q2 EPS
$0.60
Q2 Net Income
$29.40 mln
Q2 EBITDA
$42.70 mln
Result Drivers
AI-enabled product demand - Co said proactive work grew due to increased demand for user research studies as clients accelerated development of AI-enabled products across diverse hardware and applications
Utility sector engagements - Risk management and infrastructure-related work in the utility sector supported proactive activity
Dispute-related services - Reactive work increased, driven by demand for dispute-related expertise from consumer products, chemicals, and transportation industries