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NV5 Global Inc (NASDAQ: NVEE) delivers essential technology and consulting services for critical infrastructure projects across engineering, geospatial analytics, and environmental compliance sectors. This news hub provides investors and industry professionals with comprehensive updates on NV5's strategic initiatives, regulatory certifications, and technical advancements.
Access timely updates including earnings reports, acquisition announcements, major project awards, and technology deployments. Our curated collection features NV5's latest developments in sustainable infrastructure design, geospatial mapping innovations, and compliance solutions for public and private sector clients.
Key content includes updates on engineering service expansions, strategic partnerships in utility infrastructure, advancements in computer vision applications, and environmental health science initiatives. Bookmark this page for direct access to NV5's official communications and expert analysis of their market position in infrastructure consulting and technology integration.
NV5 Global (Nasdaq: NVEE), a tech-enabled engineering, certification, and consulting solutions provider, has scheduled its Q1 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 p.m. ET. The financial results for the quarter ended March 29, 2025, will be released after market close on the same day.
The earnings call will be led by NV5's leadership team, including Executive Chairman Dickerson Wright, CEO Ben Heraud, and CFO Edward Codispoti, followed by a Q&A session. Participants can join via phone using the toll-free number +1 (800) 715-9871 or international number +1 (646) 307-1963 with Conference ID 2719957. A webcast will be available at ir.nv5.com.
NV5 (NVEE) has secured a $15 million contract for construction management services in the first phase of the North County Corridor project in Stanislaus County, California. The project aims to enhance regional mobility and reduce congestion through a partnership between local governments and Caltrans.
Phase one includes constructing a modern multi-lane expressway featuring a single-point urban interchange, pedestrian enhancements, and infrastructure improvements. The scope encompasses upgrades to local roads, construction of seven bridges, and mechanically stabilized embankment walls. Construction will commence in May 2025 with an expected three-year completion timeline.
NV5 (NVEE) has secured $9 million in geospatial utility contracts focused on wildfire mitigation across the United States. The contracts include significant projects with major utility clients:
A Texas utility selected NV5 for vegetation management covering 14,210 line miles of LiDAR data collection and integration of 4,870 miles of existing data. In Northern California, an investor-owned utility expanded NV5's Annual Transmission Vegetation Management contract to assess tree health in high fire-risk areas. Additionally, a Western utility contracted NV5 for geospatial remote sensing data collection to enhance asset and vegetation risk assessments.
The company will utilize its proprietary INSITE cloud-based platform for data management and delivery, implementing advanced remote sensing technologies to improve wildfire prevention and grid reliability.
NV5 (NVEE) has announced the acquisition of CRS Survey PLLC, a Charlotte-based provider of land surveying and mapping services, to strengthen its North Carolina infrastructure capabilities. The deal, completed through a combination of cash and stock, will be immediately accretive to NV5's earnings.
CRS Survey specializes in conventional and geospatial aerial surveys supporting roadway and bridge maintenance. The company serves public and private sector clients across the Charlotte metropolitan area, Greensboro, and Winston-Salem regions.
This strategic acquisition builds upon NV5's 20-year leadership in infrastructure design and Testing, Inspection, and Certification (TIC) services for the North Carolina Department of Transportation (NCDOT) and local municipalities. The move addresses increasing demand for surveying services driven by new technologies adoption and licensed surveyor shortages.
NV5 (NVEE) has completed the acquisition of Herman Cx, a provider of commissioning and conformity assessment services for hyperscale data centers. The acquisition, made through a combination of cash and stock, will be immediately accretive to NV5's earnings.
Herman Cx, founded in 2016, specializes in supporting data center infrastructure for U.S. technology companies, financial services sector, and co-location data centers. The company has commissioned hyperscale data center infrastructure up to 175 megawatts and provides all five levels of mission critical testing and commissioning.
The strategic acquisition strengthens NV5's domestic data center business, particularly in commissioning capabilities. The data center sector has been generating over 20% organic growth for NV5, with the acquisition expected to create cross-selling opportunities across MEP-technology design, fire protection, and power delivery services, while providing a recurring revenue stream.
NV5 Global (Nasdaq: NVEE) has secured $18 million in new data center design and commissioning contracts across the United States and Asia. The company will implement high-efficiency cooling and power distribution testing, inspection, certification, and design solutions for both new and retrofitted facilities.
The contracts strengthen NV5's position in the data center sector, particularly in developing infrastructure for cloud computing and AI operations. The company has achieved a significant milestone of surpassing one gigawatt (GW) of global data center systems design and commissioning. NV5's services include innovative solutions such as immersion cooling and AI-driven thermal management to help clients scale their data center capabilities sustainably.
NV5 Global (Nasdaq: NVEE) has secured a five-year, $5 million contract from the Florida Department of Transportation (FDOT) for geotechnical engineering and construction materials testing services. The contract focuses on Florida's Turnpike Enterprise, which manages toll roads serving over 3 million daily travelers across a 260-mile transportation network.
NV5's laboratories in Miami, Orlando, and Gainesville will provide comprehensive services including soil exploration, geotechnical engineering, construction materials testing, pavement evaluation, and foundation studies. These services aim to ensure the safety and reliability of Florida's Turnpike system.
The company has maintained a 20-year relationship with FDOT, and this new contract represents an expansion of their partnership. NV5's strategic positioning of laboratories throughout Florida provides them with a competitive advantage for statewide projects.
NV5 Global (NVEE) has secured over 250 megawatts (MW) of data center projects in Thailand, including a new $6 million commissioning contract for a U.S. technology company's hyperscale data center. The project involves verifying and testing facility systems, focusing on cooling and ventilation infrastructure.
The expansion reinforces NV5's position in Thailand's data center market, which is projected to exceed $50 billion in 2025 as the second-largest digital economy in Southeast Asia. The company's services include technical due diligence, commissioning, and design for large-scale data centers, capitalizing on Thailand's skilled workforce and government investment in digital infrastructure.
NV5 Global (NVEE) reported strong Q4 and full-year 2024 results, with a 10% increase in gross revenues to $941.3 million and a 13% rise in gross profit to $483.2 million for FY2024. Q4 2024 gross revenues grew 15% to $246.5 million, while gross profit increased 13% to $122.2 million.
Net income for FY2024 was $28.0 million ($0.44 per share), down from $43.7 million ($0.71 per share) in 2023, impacted by increased amortization, interest, and acquisition-related costs. The company completed strategic acquisitions in data center commissioning, fire protection consulting, building digitization, and water resources.
For FY2025 guidance, NV5 expects gross revenues between $1.026-1.045 billion, GAAP EPS of $0.52-0.62, and Adjusted EPS of $1.27-1.37. The company implemented a 4-for-1 stock split effective October 11, 2024.
NV5 Global (Nasdaq: NVEE) has secured $5 million in substation design contracts from Northeast utilities to enhance electrical grid reliability in New York and New Jersey. The projects will focus on expanding existing substation capacity and connecting to underground electrical distribution.
The contract awards represent continued growth in NV5's relationship with Northeast electric utilities and support double-digit organic growth in the Northeast utility sector. Following the design phase, NV5 anticipates opportunities for additional service cross-selling. The company has expanded its utility design capacity along the East Coast, offering services including planning, engineering design, surveying, geospatial, and owner representation.
