NV5 Selected to Join S&P SmallCap 600 Index

Rhea-AI Summary

NV5 Global, Inc. (Nasdaq: NVEE) has announced its inclusion in the S&P SmallCap 600 Index effective December 2, 2021. This recognition highlights the company's sustained growth and financial viability. CEO Dickerson Wright emphasized the significance of this achievement, noting that only 600 companies qualify based on liquidity and market capitalization. NV5 provides a range of consulting solutions across various sectors, operating more than 100 offices nationwide.

Positive

• Inclusion in the S&P SmallCap 600 Index reflects NV5's sustained growth and profitability.
• Recognition based on criteria such as liquidity and financial success demonstrates the company's strong market position.

Negative

• None.

HOLLYWOOD, Fla., Dec. 01, 2021 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions, announced today that NV5 will be added to the S&P SmallCap 600 Index effective prior to the open of trading on Thursday, December 2, 2021. Inclusion in the S&P SmallCap 600 is determined by the S&P U.S. Index Committee. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.

“NV5’s inclusion in the S&P SmallCap 600 Index is a testament to our sustained growth and profitability driven by the NV5 business model,” said Dickerson Wright, PE, Chairman & CEO of NV5. “There are only 600 constituents in the Index, so companies cannot apply to be part of the index. They are instead selected based on measurements such as liquidity, financial success, and market capitalization. We look forward to building upon our momentum to deliver additional shareholder value.”

About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of compliance, technology, engineering, and environmental consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. 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 LinkedIn, Twitter, Facebook, and Instagram.

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

FAQ

What does NVEE's inclusion in the S&P SmallCap 600 Index mean for investors?

It indicates NVEE's solid financial standing and growth potential, which may attract more institutional investors.

When did NVEE join the S&P SmallCap 600 Index?

NVEE was added to the S&P SmallCap 600 Index effective December 2, 2021.

What criteria did NVEE meet for inclusion in the S&P SmallCap 600 Index?

NVEE was selected based on its liquidity, financial success, and market capitalization.

Who is the CEO of NV5 Global?

The CEO of NV5 Global is Dickerson Wright.

How many offices does NV5 Global operate?

NV5 operates more than 100 offices nationwide and abroad.