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Bowman Consulting Group Ltd. - BWMN STOCK NEWS

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.

Bowman Consulting Group Ltd. (symbol: BWMN) is a dynamic and diversified professional services firm dedicated to delivering superior engineering solutions across various sectors. The company provides a wide range of services including planning, engineering, construction management, commissioning, environmental consulting, geospatial services, survey, and land procurement. Bowman Consulting serves customers in numerous end markets, such as real estate, energy, and infrastructure.

Recognized for its outstanding client relationships and growth-focused strategies, Bowman Consulting has successfully met market demands through innovative service offerings and expansion into new locations. Their flexible approach combines the depth of resources typical of large design firms with the agility of boutique firms. Bowman Consulting's team comprises some of the industry's most respected professionals, ensuring top-notch service delivery.

Recent achievements highlight Bowman Consulting's competence in delivering high-quality outcomes. They focus on Civil & Site Engineering, Transportation Engineering, MEP Engineering, Commissioning & Energy Efficiency, Energy Services, Water/Wastewater, Fire Protection, Construction Management, Survey/Geospatial, Environmental Consulting, Structural Engineering, Land Procurement & Right-of-Way, Landscape, and Architecture/Planning. Their integrated approach provides clients peace of mind and exceptional service.

Currently, Bowman Consulting is involved in several key projects aimed at enhancing infrastructure and supporting sustainable development. The company's commitment to innovative solutions and responsive service continues to drive its success in the market.

News

Bowman Enters into Definitive Agreement to Acquire Surdex Corporation, Adding High-Altitude Digital Imagery, Digital Mapping and Advanced Geospatial Services

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Bowman Consulting Group (NASDAQ: BWMN) announces the acquisition of Surdex , a geospatial and engineering services firm, to enhance their geospatial service offerings and expand their market presence. Surdex, founded in 1954, provides advanced digital orthoimagery, LiDAR, mapping, and disaster mapping services. The acquisition is expected to close by April 10, 2024, bringing revenue synergy opportunities and cost savings for both companies.
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Bowman Announces Pricing of Public Offering of Common Stock

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Bowman Consulting Group (BWMN) announces the pricing of its underwritten public offering at $34.00 per share. The offering includes 1,323,530 shares by Bowman and 147,058 shares by selling stockholders, with expected gross proceeds of approximately $45.0 million. The underwriters have an option to purchase additional shares. The offering is set to close on April 1, 2024. Bowman plans to use the net proceeds for general corporate purposes, potential acquisitions, and debt repayment.
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Bowman Announces Launch of Public Offering of Common Stock

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Bowman Consulting Group (BWMN) announces a public offering of up to $50.0 million of its common stock. The Company plans to sell $45.0 million, while the selling stockholders intend to sell $5.0 million. The underwriters have an option to purchase an additional $7.5 million. The offering is subject to market conditions. Proceeds will be used for corporate purposes, acquisitions, and debt repayment.
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Bowman Appoints Dan Brewer, PE, to Grow Operations in the Carolinas

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Bowman Consulting Group appoints Dan Brewer, PE, as principal, regional manager for Carolinas' operations, aiming to drive growth and development across key offices.
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Bowman Announces Fiscal Year 2023 Financial Results

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Bowman Consulting Group Ltd. (Nasdaq: BWMN) reported strong financial results for the fiscal year 2023, with over $300 million in net service billing, marking a 30% year-over-year growth. The company aims to be one of the 50 largest domestic engineering firms and has seen a 31% compound annual growth since its IPO in May 2021. Bowman completed 11 acquisitions in 2023, totaling around $60 million in annualized net service billing, expanding its customer base and geographic presence.
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Bowman Adds Commentary to 2023 Pre-Release and Announces Acquisition of Transportation and Bridge Design Firm Speece Lewis Engineers

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Bowman Consulting Group Ltd. issues additional commentary on its 2023 pre-release of non-GAAP financial metrics and announces the acquisition of Speece Lewis Engineers. The company affirms its 2024 guidance and discusses strong demand for services, backlog growth, and future growth prospects. The acquisition of Speece Lewis enhances Bowman's national transportation engineering practice and adds revenue synergies beyond transportation.
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Bowman Consulting Group Announces Earnings Release Schedule and Preliminary 2023 Financial Results

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Bowman Consulting Group Ltd. (NASDAQ: BWMN) announced the scheduling of its 2023 earnings release and investor conference call. Preliminary results for fiscal 2023 Net Service Billing and Adjusted EBITDA were shared, with expectations of approximately $303 million in Net Service Billing and $44.5 to $46.0 million in Adjusted EBITDA. The Company highlighted a larger seasonal impact on utilization in December across its core and acquired operations.
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Bowman Appoints Mark Borushko to Grow Company’s Public and Private Sector Practice in the West

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Bowman Consulting Group Ltd. (NASDAQ: BWMN) appoints Mark Borushko as senior vice president, West, to lead expansion of comprehensive services across the Western United States. Borushko's expertise in operational management, strategic planning, and business development will drive the company's growth in private development, public works, and transportation practices in the region.
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Bowman Acquires Trudell Consulting Engineers in Burlington, Vermont

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Bowman Consulting Group Ltd. (BWMN) has announced the acquisition of Trudell Consulting Engineers and its Vermont Underground Locators subsidiary, expanding its services in Vermont. The acquisition is expected to be immediately accretive and will operate at an annualized net service billing run rate of approximately $4.5 million.
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Bowman Awarded $1.9 Million in New Arizona Mining Contracts

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Bowman Consulting Group Ltd. secures $1.9 million in new mining contracts in Arizona, providing comprehensive design and construction quality assurance services for mining infrastructure and mineral processing facilities. The contracts reflect the company's mining expertise and commitment to delivering best-in-class services for clients' projects.
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FAQ

What is the current stock price of Bowman Consulting Group Ltd. (BWMN)?

The current stock price of Bowman Consulting Group Ltd. (BWMN) is $27.26 as of November 21, 2024.

What is the market cap of Bowman Consulting Group Ltd. (BWMN)?

The market cap of Bowman Consulting Group Ltd. (BWMN) is approximately 474.6M.

What services does Bowman Consulting Group Ltd. offer?

Bowman Consulting provides services including planning, engineering, construction management, commissioning, environmental consulting, geospatial services, survey, and land procurement.

In which markets does Bowman Consulting operate?

Bowman Consulting operates in diverse end markets such as real estate, energy, and infrastructure.

What are some of Bowman Consulting's key services in engineering?

Key services include Civil & Site Engineering, Transportation Engineering, MEP Engineering, and Structural Engineering.

What recent achievements has Bowman Consulting made?

Recent achievements include successful delivery of high-quality outcomes in several projects and expansion into new service offerings and locations.

How does Bowman Consulting ensure client satisfaction?

Bowman Consulting focuses on outstanding client relationships, flexible service delivery, and exceeding client expectations through exceptional service.

What sets Bowman Consulting apart from other firms?

Bowman combines the depth of resources of large firms with the agility of boutique firms, and is led by some of the field's most respected professionals.

What ongoing projects is Bowman Consulting involved in?

Bowman Consulting is currently involved in key projects aimed at enhancing infrastructure and supporting sustainable development.

Who are the clients of Bowman Consulting?

Clients include those who own, develop, and maintain the built environment across various sectors.

How does Bowman Consulting stay responsive to market demands?

Bowman anticipates market needs through innovative service offerings, strategic growth, and expansion into new locations.

What is the stock symbol for Bowman Consulting Group Ltd.?

The stock symbol for Bowman Consulting Group Ltd. is BWMN.

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Bowman Consulting Group Ltd.

Nasdaq:BWMN

BWMN Rankings

#3154 Ranked by Market Cap
N/A Ranked by Dividends

BWMN Stock Data

474.62M
14.16M
19.23%
58.35%
2.36%
Engineering & Construction
Services-management Consulting Services
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