Bowman Consulting Group Ltd. - BWMN STOCK NEWS

Bowman Consulting Group Ltd. (NASDAQ: BWMN) will announce its financial results for Q1 2022 on May 11, 2022, post-market close. Following the release, a webcast featuring Chairman and CEO Gary Bowman and CFO Bruce Labovitz will be held on May 12, 2022, at 9:00 a.m. ET. Investors can access the live and recorded webcasts via the Bowman Investor Relations website. Bowman delivers infrastructure engineering solutions across various regulated markets, employing over 1,200 staff across 45 U.S. offices.

Bowman Consulting Group has partnered with Transportation Energy Partners and various stakeholders on a U.S. Department of Energy-funded project called Drive Clean Rural USA. This initiative aims to enhance the access of rural communities to clean fuel sources like hydrogen and electricity across eight states. The three-phase project will provide free technical assistance to local governments and businesses, running until June 2024. Bowman's role includes planning and engineering support, promoting equitable access to clean transportation solutions in rural areas.

Bowman Consulting Group Ltd. (BWMN) reported strong operational results for Q4 and the full year of 2021. Gross revenue reached $41.9 million for Q4, up 40%, while total annual revenue was $150.0 million, reflecting a 23% increase. The company closed six acquisitions in Q4, boosting its gross backlog to $167 million, a 48% year-over-year increase. For 2022, Bowman raised its net service billing guidance to $170-$185 million. Adjusted EBITDA for Q4 was $3.5 million, with an adjusted EBITDA margin of 9.3%. Overall, Bowman is positioned for growth, focusing on shareholder value and further acquisitions.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) will announce its financial results for the quarter and full year ended December 31, 2021 after market close on March 21, 2022. A webcast to discuss these results is scheduled for 9:00 a.m. ET on March 22, 2022, featuring Chairman and CEO Gary Bowman and CFO Bruce Labovitz. The webcast will be accessible via the Bowman Investor Relations website. For further information on Bowman and its professional services, visit bowman.com.

Bowman Consulting Group Ltd. (BWMN) announced that underwriters exercised their option to purchase an additional 157,500 shares at $16.00 per share from its recent public offering, raising gross proceeds by approximately $2.5 million. The total shares sold increased to 1,057,500, totaling gross proceeds of about $16.9 million as of March 2, 2022. These proceeds will be utilized for general corporate purposes and potential acquisitions, supporting Bowman's growth and investment strategies.

Bowman Consulting Group Ltd. (Nasdaq: BWMN) has successfully completed a follow-on public offering at $16.00 per share, selling a total of 1,050,000 shares (900,000 by the company and 150,000 by an existing shareholder). The net proceeds for Bowman are approximately $13,608,000, intended for general corporate purposes, organic growth, and potential acquisitions. An over-allotment option of 157,500 shares is also granted to underwriters. D.A. Davidson & Co. and B. Riley Securities managed the offering.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has priced its follow-on public offering at $16.00 per share, aiming to sell 900,000 shares from its own stock and 150,000 shares from an existing stockholder. The company has also offered underwriters an option for an additional 157,500 shares. Proceeds will be directed towards general corporate purposes, funding organic growth, and potential acquisitions. The offering is managed by D.A. Davidson & Co. and B. Riley Securities.

Bowman Consulting Group Ltd. (BWMN) announced a registration statement on Form S-1 for a follow-on public offering of 1,776,650 shares of its common stock, alongside 406,100 shares from existing stockholders. The underwriters have a 30-day option for an additional 15% of shares to cover over-allotments. Proceeds will fund general corporate needs and potential acquisitions. The company reaffirms its 2021 guidance and plans to report financial results in March 2022. The offering is subject to market conditions.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced a purchase agreement to acquire Perry Engineering LLC, based in Tucson, Arizona. The acquisition aims to enhance Bowman’s service capabilities in civil engineering and land surveying across various sectors. Scheduled for closing on February 2, 2022, the deal is expected to be immediately accretive, contributing approximately $1.5 million in annualized net service billing. The move aligns with Bowman's growth strategy in a thriving Tucson market, emphasizing operational synergies and collaborative opportunities.