Welcome to our dedicated page for Bowman Consulting Group Ltd. news (Ticker: $BWMN), a resource for investors and traders seeking the latest updates and insights on Bowman Consulting Group Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bowman Consulting Group Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bowman Consulting Group Ltd.'s position in the market.
Bowman Consulting Group (Nasdaq: BWMN) reported financial results for the three months ended March 31, 2024, with a 25% increase in gross contract revenue, a 27% increase in net service billing, and a 25% increase in Adjusted EBITDA. The company closed on an equity offering, secured a new credit facility, and refinanced assets. The adjusted FY 2024 guidance forecasts net service billing in the range of $382 to $397 million and Adjusted EBITDA in the range of $63 to $69 million.
Bowman Consulting Group (NASDAQ: BWMN) announced the closure of a $100 million revolving credit agreement with Bank of America and TD Bank. The five-year agreement replaces a previous $70 million credit line with Bank of America, reinforcing the company's capital access for strategic growth.