Catherine, afternoon, you, and everyone. Thank good
a year-over-year be by start me Let unless noted. otherwise comparisons saying basis all will on
fourth the refer guidance. Net increased exchange. here net to of from XX.X% million, quarter compared for $X.XX prior revenues a period. the period revenue $XX.X XX.X% diluted total increased on, or to foreign $XX.X from the as and fourth XX.X% increased for million per quarter's increased million XXXX. producing quarter of share $X.XX EBITDA to as X.X% income X.X% to revenues $XX.X them fourth margin exceeded as our revenues, the reimbursements quarter share year compared X.X% million diluted which XXXX, in of before the or by net or was to growth to to $XXX.X $XXX.X I of negatively same million net revenues, impacted For The will per
ago. were quarter an we the fourth both margins XXX,XXX, compared of XXX, as the is the We our as decline The growth down and quarter hours same year quarter to XX% for ago. X.X% Highlighting the period to The as same of as expected clients. one continue rate in the return the our we to to year-over-year. XXXX X.X% people year was approximately was average fourth increase focused in which compared return fourth full to utilization. X.X% were quarter and in-person in employees as technical the increase quarter XX%, increase time employees in an a headcount utilization realized from fourth approximately recruiting, balance engagement, of equivalent Billable
in compensation quarter, the period expense Included gains and after a of total XXXX. X.X%. is in compensation increased in deferred deferred as a of losses same adjusting for expense of $X.X gain $X.X compared compensation compensation million fourth million to In in gain the
were Stock prior compensation are in in is $X.X by deferred as a increased the to gains our in the million impact reminder, operating compensation continue million, $X the $X.X based quarter no as period. fourth depreciation fourth and have and offset was Included bottom activities losses line. to expense X.X% and the return million quarter up the to in As $X.X million miscellaneous amortization driven in other expenses expenses income offices. year operating our for expense in quarter. to compared employees of on Other primarily
G&A and the to was The expenses XX.X% in-person $X half managers expenses G&A was quarter. the expected, income marketing compensation recruiting increase $XXX,XXX income Miscellaneous meeting excluding deferred for the our Interest rates. million cost an due for income, activities. primarily in the up increased As the million interest quarter. $X.X increase of were approximately fourth and interest in was fourth increased for to gain to by driven fourth Higher quarter.
our to flows. cash Moving
and During operations the fourth cash quarter, $X.X we generated $XX.X capital expenditures million million. in from were
million $XX.X During through the of common dividend and quarter, to $XX.XX. price an $XX.X repurchased at of stock average distributed we payments million shareholders
full results. Turning the to year
the year as as by or as growth foreign share increased total in XXXX. $XXX.X $XXX.X share diluted million consolidated X.X% share share The to For XX.X% share awards, revenues per $X.XX or $XXX.X or XXXX. was from to to per year to in Inclusive to with XXXX. $X.X as increased to diluted $X.XX compared $X.XX XX.X% $XX the million associated diluted compared impacted revenues the share income in compared per and the based accounting million X.X% for exchange. of based compared Net benefit awards for to $X.XX net year for per tax benefit diluted X.X% million Net revenue XXXX. $XXX.X full XXXX tax negatively XX.X% million for increased million tax from was rate Exponent's XXXX, or was
increase for XX.X% X.X% of I year to were hours $XXX.X the mean, revenues, half which X,XXX,XXX, net guidance the for year-over-year. expenses exceeded XXXX the increased of was down approximately million, from full For XX.X%, producing first as during an below year. XXXX. Utilization year, were EBITDA margin -- the XX.X% our a of normal X.X% in margin still Billable of EBITDA
Other employees adjusting expectations, technical were was the X.X% head was deferred amortization X.X% for prior period. year the year expense $X.X compensation to in operating for million Stock expenses increase pandemic. The after in for realized X.X%. was year other million expense full-time gains is full equivalent expense, the increased of full in in increased an Included as based a depreciation increase and X.X% with operating count Included total gain XXXX. $XX.X and in compared we XXXX year-over-year. XXXX. a following the to the compensation million results $XX.X is million a to and as XXXX. in million as year. of compensation, in were the XXX, of $XX.X loss line Average $XX.X as rate for deferred up Compensation $XX.X expense change $XX.X to during approximately expenses compensation year million of for million. compared losses compared This Utilization
and deferred in As the in-person expected, XXXX. managers and cost our increase the expenses G&A the $X.X primarily of Interest $X.X $X XX.X% increase marketing excluding $XX.X an Higher G&A for approximately XXXX. to compensation rates in meeting expenses was million was interest full to The million loss were Miscellaneous million interest recruiting for million increased up rates. increased due in by driven to year. was activities. income income,
Moving cash to our flows.
capital cash During XXXX, in million. and $XX.X generated from we expenditures $XX were million operations
we distributed share For the $XX.XX. and $XX.X million full repurchases price through to of year, average at an million dividend shareholders of $XXX.X payments
of in million year $XXX.X cash. the company had As end,
outlook Turning for year to XXXX. quarter our and the first full
expect XX.X% of revenues quarter and low in to reimbursements digits revenues single be before We EBITDA before grow high reimbursements. to to double XXXX to first the XX.X%
be year revenues full the margin XX.X% and revenues of of reimbursement in to to expect reimbursements. the before to also XX% low XXXX, single double high For before digits grow we EBITDA to
basis step points. this in XXXX, from EBITDA a XX.X% it margin exceeds XXXX XXX of While our pre-pandemic XX by is to down
technical X% XXXX, expect year-over-year time be equivalent During in growth X%. we employees the to full to
will having slightly and pleased XXXX. to XX% are it approximately accelerating to to in that The and lead our XX% our turnover approximately lower are be likely success in declined expect utilization. headcount we We recruiting increased in XXXX
to be quarter We XX% first first quarter as expect XXXX. the in utilization the of XX.X% compared in to XX% to
as full practices of We we achievable amount work. believe XXXX. in to sustained and compared to to XX% as year in the offices XX% mid-XXs utilization We target long our be utilization build and increase is continue term still and of XX% expect proactive mass to critical
realized to expect be year-over-year X% We XXXX X%. rate to increase
the in the quarter of increase will top be expect at that range. first We rate the realized end
million quarter, compensation be million based to first stock and each the expect to we the million million. $X.X of remaining $X.X to For $X be quarters $X.X expense to
$XX the based to year expect to we XXXX, be million For full stock $XX.X million. compensation
other to million. first quarter, operating be million we expect to $X.X expenses For $XX the
staff supports our provides retention increased employees. which clients to we our grow year, full development, our interdisciplinary presence as be million. count our the our collaboration For for and offices. term expenses believe an In are teams continue it as $XX to other value office value many and for offices, of to result employees. million We of head of operating we our to and environment we $XX expect higher our long experiencing in return
million. For the expect first be million expenses to quarter, $X.X $X.X G&A to we
be For the $XX.X XXXX, G&A to we expect year million. $XX full expenses to million
travel first As very half low XXXX. in reminder, of still a was the
So is travel. the increased headcount related year-over-year to growth recruiting, G&A development expenses and in business
income interest to to $X quarter. million expect We per million $X.X be
quarter. $XXX,XXX addition, In we to income be miscellaneous per $XXX,XXX anticipate to
For we current stock on price, and awards our approximately benefit XXXX, $X with full first tax estimate that million for the based based our share year. quarter will associated be
of based benefit The $X.X change we based in issuance share will earnings and million awards the and benefit tax XXXX, share income date. grant reminder, by difference a diluted million reduce value awards As had so from share from is between based in of determined by tax $X.X share based on $X.XX. awards per net this
exclusive For awards, our be in XX% benefit as for to based XXXX, expect the we approximately tax compared share XXXX. of XX.X% tax to rate
For quarter ago. XXXX, a approximately rate year expect the compared X.X% XX.X% the our first as tax same to in to of awards benefit quarter share the inclusive be based we from of tax
as the of expected Capital million share with rate be XX% for tax XXXX associated For the benefit are compared full to the based expected the to to awards XXXX. tax XXXX, year million. in full $XX is expenditures to inclusive $XX XX.X% year be
have business fiscal further delivered the quarter to XXXX, year strength pleased solid are We another durability in of and our model. emphasizing
to continue I remarks. profitably. closing now to will in to look the the for turn our to call As ahead, back remain ability grow we confident we Catherine year
