Exponent CFO Richard Schlenker said, "For the full year 2018, we are increasing our revenue growth and margin expectations. Our outlook reflects our strong performance year-to-date and positive momentum in several business areas, partially offset by a challenging year-over-year comparison due to the large human factors project, which concluded in August 2018. We expect revenues before reimbursements for the full year 2018 to grow in the high-single digits, as compared to last year, including fourth quarter revenue growth in the middle-single digits. EBITDA margin for the full year is expected to increase approximately 50 basis points, from the 26.5% achieved in 2017. This includes EBITDA margin declining 75 to 125 basis points in the fourth quarter, as compared to the same period a year ago. As previously discussed, we believe that Exponent's consolidated income tax rate will be approximately 22% to 23% for 2018, after including the estimated tax adjustments associated with share-based awards. This tax rate range is approximately ten percentage points lower than it would have been due to the new Tax Legislation."
