NV5 Announces New Goal of $1.6 Billion in Revenues by 2028
NV5, a provider of technology, certification, and consulting solutions, announced a new revenue goal of $1.6 billion by 2028. Entering 2025 with a budget exceeding $1 billion in gross revenues, NV5 aims to leverage its strong track record and industry-leading profitability to achieve this target.
Executive Chairman Dickerson Wright emphasized the company's history of meeting ambitious growth targets and its focus on tech-enabled engineering solutions. The company plans to capitalize on technology services and high-margin offerings to drive accelerated organic growth and profitability.
CEO Ben Heraud highlighted that the $1.6 billion revenue target will be driven by organic growth of existing capabilities and investments in strategic acquisitions in tech-based solutions and high-growth sectors. NV5's growth strategy includes delivering unique value to clients through technical excellence, cross-selling initiatives, and technological innovations.
NV5, un fornitore di soluzioni tecnologiche, certificazione e consulenza, ha annunciato un nuovo obiettivo di fatturato di 1,6 miliardi di dollari entro il 2028. Entrando nel 2025 con un budget superiore a 1 miliardo di dollari in ricavi lordi, NV5 punta a sfruttare il suo solido storico e una redditività leader del settore per raggiungere questo traguardo.
Il presidente esecutivo Dickerson Wright ha sottolineato la storia dell'azienda nel raggiungere obiettivi di crescita ambiziosi e il suo focus su soluzioni ingegneristiche abilitate dalla tecnologia. L'azienda prevede di capitalizzare sui servizi tecnologici e sulle offerte ad alto margine per spingere una crescita organica accelerata e redditività.
Il CEO Ben Heraud ha evidenziato che l'obiettivo di fatturato di 1,6 miliardi di dollari sarà guidato dalla crescita organica delle capacità esistenti e dagli investimenti in acquisizioni strategiche nel settore delle soluzioni basate sulla tecnologia e nei settori ad alta crescita. La strategia di crescita di NV5 include la fornitura di un valore unico ai clienti attraverso l'eccellenza tecnica, iniziative di cross-selling e innovazioni tecnologiche.
NV5, un proveedor de soluciones tecnológicas, certificación y consultoría, anunció un nuevo objetivo de ingresos de 1.6 mil millones de dólares para 2028. Entrando en 2025 con un presupuesto que supera los 1 mil millones de dólares en ingresos brutos, NV5 busca aprovechar su sólido historial y rentabilidad líder en el sector para alcanzar este objetivo.
El presidente ejecutivo Dickerson Wright enfatizó la historia de la compañía en el cumplimiento de metas de crecimiento ambiciosas y su enfoque en soluciones de ingeniería habilitadas por tecnología. La empresa planea capitalizar los servicios tecnológicos y las ofertas de alto margen para impulsar un crecimiento orgánico acelerado y rentabilidad.
El CEO Ben Heraud destacó que el objetivo de ingresos de 1.6 mil millones de dólares será impulsado por el crecimiento orgánico de las capacidades existentes y las inversiones en adquisiciones estratégicas en soluciones basadas en tecnología y sectores de alto crecimiento. La estrategia de crecimiento de NV5 incluye ofrecer un valor único a los clientes a través de la excelencia técnica, iniciativas de venta cruzada e innovaciones tecnológicas.
NV5는 기술, 인증 및 컨설팅 솔루션 제공업체로서 2028년까지 16억 달러의 새로운 매출 목표를 발표했습니다. 2025년에는 총 매출 10억 달러를 초과하는 예산을 가지고 출발하는 NV5는 강력한 실적과 업계 최고의 수익성을 활용하여 이 목표를 달성할 계획입니다.
임시 회장 Dickerson Wright는 회사가 야심 찬 성장 목표를 달성한 역사를 강조하며, 기술 기반의 엔지니어링 솔루션에 집중하고 있음을 강조했습니다. 이 회사는 기술 서비스와 고수익 제품을 활용하여 가속화된 유기적 성장과 수익성을 추진할 계획입니다.
CEO Ben Heraud는 16억 달러의 매출 목표가 기존 능력의 유기적 성장과 기술 기반 솔루션 및 고성장 분야에 대한 전략적 인수 투자에 의해 추진될 것이라고 강조했습니다. NV5의 성장 전략은 기술적 우수성, 교차 판매 이니셔티브 및 기술 혁신을 통해 고객에게 독특한 가치를 제공하는 것입니다.
NV5, un fournisseur de solutions technologiques, de certification et de conseil, a annoncé un nouvel objectif de chiffre d'affaires de 1,6 milliard de dollars d'ici 2028. En entrant en 2025 avec un budget dépassant 1 milliard de dollars en revenus bruts, NV5 vise à tirer parti de son solide bilan et de sa rentabilité de leader du secteur pour atteindre cet objectif.
Le président exécutif Dickerson Wright a souligné l'historique de l'entreprise en matière de réalisation d'objectifs de croissance ambitieux et son accent sur les solutions d'ingénierie activées par la technologie. L'entreprise prévoit de capitaliser sur les services technologiques et les offres à forte marge pour stimuler une croissance organique accélérée et la rentabilité.
Le PDG Ben Heraud a souligné que l'objectif de chiffre d'affaires de 1,6 milliard de dollars sera soutenu par la croissance organique des capacités existantes et les investissements dans des acquisitions stratégiques dans des solutions technologiques et des secteurs à forte croissance. La stratégie de croissance de NV5 consiste à offrir une valeur unique aux clients grâce à l'excellence technique, des initiatives de vente croisée et des innovations technologiques.
NV5, ein Anbieter von Technologie-, Zertifizierungs- und Beratungslösungen, gab ein neues Umsatzziel von 1,6 Milliarden Dollar bis 2028 bekannt. Mit einem Budget von über 1 Milliarde Dollar an Bruttoumsätzen in das Jahr 2025 startend, beabsichtigt NV5, seine starke Erfolgsbilanz und Branchenführerschaft in der Rentabilität auszunutzen, um dieses Ziel zu erreichen.
Der Executive Chairman Dickerson Wright hob die Geschichte des Unternehmens bei der Erreichung ehrgeiziger Wachstumsziele und den Fokus auf technologiegestützte Ingenieurlösungen hervor. Das Unternehmen plant, technologische Dienstleistungen und margenträchtige Angebote zu nutzen, um beschleunigtes organisches Wachstum und Rentabilität voranzutreiben.
CEO Ben Heraud betonte, dass das Umsatzziel von 1,6 Milliarden Dollar durch organisches Wachstum bestehender Fähigkeiten und Investitionen in strategische Akquisitionen im Bereich technologiegestützter Lösungen und wachstumsstarker Sektoren vorangetrieben wird. Die Wachstumsstrategie von NV5 umfasst die Bereitstellung einzigartiger Werte für Kunden durch technische Exzellenz, Cross-Selling-Initiativen und technologische Innovationen.
- NV5 set a new revenue goal of $1.6 billion by 2028, indicating strong growth ambitions.
- The company entered 2025 with a budget exceeding $1 billion in gross revenues.
- NV5 plans to leverage technology services and high-margin offerings to drive growth.
- None.
Insights
The announcement of <money>$1.6 billion</money> revenue target by 2028 represents a significant <percent>60%</percent> growth from current <money>$1 billion</money> levels, implying a compound annual growth rate (CAGR) of roughly <percent>12.5%</percent>. This ambitious target suggests a dual-pronged strategy combining organic growth with strategic acquisitions in high-margin tech sectors.
The company's historical success in meeting growth targets while maintaining above-industry profitability metrics adds credibility to this goal. The focus on tech-enabled engineering solutions and high-margin offerings indicates a strategic shift toward higher-value services, which could potentially expand profit margins beyond current levels. However, investors should note that achieving this growth while maintaining profitability will require careful capital allocation and successful integration of future acquisitions.
The strategic pivot toward tech-based solutions positions NV5 to capitalize on the digital transformation wave sweeping across the engineering and consulting sectors. The emphasis on tech-enabled engineering solutions suggests a forward-thinking approach to remain competitive in an increasingly digitized industry.
The focus on technological innovations and cross-selling initiatives indicates potential development of integrated service offerings that could create stronger client relationships and higher switching costs. This tech-centric growth strategy aligns with industry trends toward automation, data analytics and digital twin technologies in engineering services, potentially leading to improved operational efficiency and higher-value service delivery.
HOLLYWOOD, Fla., Jan. 08, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that the company entered 2025 with a budget exceeding
Dickerson Wright, PE, Executive Chairman of NV5, said, “NV5 has a proven track record of achieving ambitious growth targets throughout our history. We have achieved this impressive growth while exceeding industry averages for profitability and remaining at the forefront of tech-enabled engineering solutions. Driven by our new leadership and industry tail winds, we look to capitalize on technology services and high-margin offerings to achieve accelerated organic growth and profitability. Today we are announcing a new goal of
“As we enter this new phase for NV5, our growth will continue to be driven by entrepreneurial professionals striving to deliver unique value to our clients through technical excellence, cross-selling initiatives, and technological innovations. Our
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, conformity assessment, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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