NV5 Authorizes $20 Million Share Repurchase
NV5, a provider of technology, certification, and consulting solutions, announced its plan to repurchase up to $20 million of common stock during the next open trading period. This buyback is part of a previously approved $100 million stock repurchase program by the NV5 Board of Directors.
Dickerson Wright, PE, Executive Chairman of NV5, stated that the repurchase demonstrates NV5's strong financial position and expectations of accelerated organic growth and profitability. The current stock valuation presents a unique opportunity for NV5 to utilize excess cash flows for the buyback.
NV5 also has a robust mergers and acquisitions pipeline, anticipated to contribute to its growth alongside organic growth. The repurchase will commence following the announcement of NV5’s 2024 fourth quarter and full-year financial results, with the number of shares repurchased depending on several factors, including share price.
NV5, un fornitore di soluzioni tecnologiche, di certificazione e di consulenza, ha annunciato il suo piano di riacquistare fino a 20 milioni di dollari di azioni ordinarie durante il prossimo periodo di trading aperto. Questo riacquisto fa parte di un programma di riacquisto di azioni da 100 milioni di dollari precedentemente approvato dal Consiglio di Amministrazione di NV5.
Dickerson Wright, PE, Presidente Esecutivo di NV5, ha dichiarato che il riacquisto dimostra la solida posizione finanziaria di NV5 e le aspettative di una crescita organica accelerata e di redditività. L'attuale valutazione delle azioni presenta un'opportunità unica per NV5 di utilizzare flussi di cassa eccedenti per il riacquisto.
NV5 ha anche un solido portafoglio di fusioni e acquisizioni, previsto per contribuire alla sua crescita insieme alla crescita organica. Il riacquisto inizierà dopo l'annuncio dei risultati finanziari del quarto trimestre e dell'intero anno 2024 di NV5, con il numero di azioni riacquistate che dipenderà da vari fattori, incluso il prezzo delle azioni.
NV5, un proveedor de soluciones de tecnología, certificación y consultoría, anunció su plan para recomprar hasta 20 millones de dólares en acciones comunes durante el próximo período de negociación abierto. Esta recompra es parte de un programa de recompra de acciones de 100 millones de dólares aprobado previamente por la Junta Directiva de NV5.
Dickerson Wright, PE, Presidente Ejecutivo de NV5, declaró que la recompra demuestra la sólida posición financiera de NV5 y las expectativas de un crecimiento orgánico y rentabilidad acelerados. La actual valoración de las acciones presenta una oportunidad única para que NV5 utilice flujos de efectivo excedentes para la recompra.
NV5 también cuenta con un robusto pipeline de fusiones y adquisiciones, que se anticipa contribuirá a su crecimiento junto al crecimiento orgánico. La recompra comenzará tras el anuncio de los resultados financieros del cuarto trimestre y del año completo 2024 de NV5, siendo el número de acciones recompradas dependiente de varios factores, incluido el precio de las acciones.
NV5는 기술, 인증 및 컨설팅 솔루션 제공업체로서, 다음 열리 거래 기간 동안 최대 2천만 달러의 보통주를 재매입할 계획을 발표했습니다. 이 재매입은 NV5 이사회에 의해 사전 승인된 1억 달러 규모의 주식 재매입 프로그램의 일환입니다.
NV5의 집행 회장인 Dickerson Wright PE는 이번 재매입이 NV5의 강력한 재무 상태와 가속화된 유기적 성장 및 수익성에 대한 기대를 보여준다고 발표했습니다. 현재 주식 가치는 NV5가 초과 현금 흐름을 재매입에 활용할 수 있는 독특한 기회를 제공합니다.
NV5는 유기적 성장과 함께 기여할 것으로 예상되는 강력한 인수합병 파이프라인을 보유하고 있습니다. 재매입은 NV5의 2024년 4분기 및 전체 연도 재무 결과 발표 이후 시작될 예정이며, 재매입될 주식 수는 여러 요인, 특히 주가에 따라 달라집니다.
NV5, un fournisseur de solutions technologiques, de certification et de conseil, a annoncé son plan de racheter jusqu'à 20 millions de dollars d'actions ordinaires pendant la prochaine période de négociation ouverte. Ce rachat fait partie d'un programme de rachat d'actions de 100 millions de dollars précédemment approuvé par le conseil d'administration de NV5.
Dickerson Wright, PE, président exécutif de NV5, a déclaré que ce rachat démontre la solide position financière de NV5 et les attentes d'une croissance organique accélérée et de rentabilité. La valorisation actuelle des actions représente une occasion unique pour NV5 d'utiliser des flux de trésorerie excédentaires pour ce rachat.
NV5 dispose également d'une solide pipeline de fusions et acquisitions, censée contribuer à sa croissance en plus de la croissance organique. Le rachat commencera après l'annonce des résultats financiers du quatrième trimestre et de l'année 2024 de NV5, le nombre d'actions rachetées dépendant de plusieurs facteurs, y compris le prix des actions.
NV5, ein Anbieter von Technologie-, Zertifizierungs- und Beratungslösungen, hat seinen Plan angekündigt, bis zu 20 Millionen Dollar an Stammaktien im nächsten offenen Handelszeitraum zurückzukaufen. Dieser Rückkauf ist Teil eines zuvor genehmigten Rückkaufprogramms über 100 Millionen Dollar des NV5-Vorstands.
Dickerson Wright, PE, Executive Chairman von NV5, erklärte, dass der Rückkauf die solide finanzielle Lage von NV5 und die Erwartungen an beschleunigtes organisches Wachstum und Rentabilität demonstriere. Die aktuelle Aktienbewertung bietet NV5 eine einzigartige Gelegenheit, überschüssige Cashflows für den Rückkauf zu nutzen.
NV5 verfügt außerdem über eine robuste Pipeline von Fusionen und Übernahmen, die voraussichtlich zum Wachstum des Unternehmens neben dem organischen Wachstum beitragen wird. Der Rückkauf wird nach der Bekanntgabe der finanziellen Ergebnisse des vierten Quartals und des gesamten Jahres 2024 von NV5 beginnen, wobei die Anzahl der zurückgekauften Aktien von verschiedenen Faktoren, einschließlich des Aktienkurses, abhängt.
- NV5 authorized a $20 million share repurchase, indicating confidence in financial strength.
- The buyback is part of a larger $100 million stock repurchase program.
- The repurchase reflects expectations of accelerated organic growth and profitability.
- NV5 has a strong M&A pipeline, suggesting future growth prospects.
- The share repurchase depends on share price, adding uncertainty to the exact number of shares bought back.
Insights
HOLLYWOOD, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it intends to repurchase up to
“This share repurchase program reflects NV5’s strong financial position and our anticipation of accelerated organic growth and profitability of NV5’s operations,” said Dickerson Wright, PE, Executive Chairman of NV5. “The current valuation of NV5’s stock creates a unique opportunity for NV5 to utilize its excess cash flows to repurchase shares. We also have a strong mergers and acquisitions pipeline, and we expect M&A, along with strong organic growth, to continue contributing to NV5’s growth.”
NV5’s next open trading period will take place following the announcement of NV5’s 2024 fourth quarter and full-year financial results. The number of shares repurchased will depend on a number of factors including share price.
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, construction quality assurance, 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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