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NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of technology, conformity assessment, and consulting solutions, serving both public and private sector clients. Headquartered in Hollywood, Florida, NV5 operates over 100 offices across the United States and internationally. The company focuses on several key verticals: utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services.
NV5's comprehensive suite of services includes construction inspection, office engineering, claims resolution, and constructability support for major infrastructure projects. Notably, the company has a long-standing relationship with Caltrans, providing ongoing services across multiple districts in California. Recent contracts highlight NV5's role in improving transportation infrastructure and supporting community mobility.
With a history spanning over 60 years, NV5 has built a reputation for delivering high-quality, innovative solutions tailored to client needs. Their clientele ranges from U.S. federal, state, and local governments to private sector entities, emphasizing the company's versatility and reliability in addressing diverse challenges.
NV5's recent acquisitions, such as GIS Solutions and ASG Engineering Consultants, have significantly bolstered their capabilities in geospatial technology and structural engineering. These strategic moves enhance NV5's ability to offer comprehensive design solutions and manage large-scale projects in high-growth regions like the Middle East and Asia Pacific.
Financially, NV5 exhibits robust growth, driven by an aggressive acquisition strategy and a focus on tech-enabled services that offer higher margins and scalability. The company continues to pursue opportunities in geospatial and other technology-driven sectors to expand its market footprint and deliver sustainable solutions to complex problems.
For more information, visit the company's website at www.NV5.com or follow them on LinkedIn, Twitter, Facebook, and Vimeo.
NV5 Global, Inc. (NASDAQ: NVEE) announced the acquisition of KMK Technologies, LLC, enhancing its technology design and consulting services. This strategic move aims to integrate KMK's advanced audiovisual, lighting, security, and IT systems capabilities into NV5's Buildings and Clean Energy business. The acquisition, completed with cash and stock, is expected to be immediately accretive to NV5's earnings. The addition of KMK solidifies NV5's competitive advantage in delivering integrated technical solutions for building systems design.
NV5 Global announced that it has secured $8 million in infrastructure improvement contracts from the state Departments of Transportation in New York and North Carolina. The contracts include a two-year, $4 million project in North Carolina for engineering services and a $4 million project in New York for construction inspection and ecological design. NV5 has been providing services to these departments for over 25 years, emphasizing its commitment to enhancing transportation infrastructure reliability and safety.
NV5 Global, Inc. (NASDAQ: NVEE) has announced a share repurchase program worth up to $100 million, demonstrating the Board's and management's confidence in the company's robust financial health. This initiative is aligned with NV5's strategy to balance strong organic growth and maintain leadership in the mergers and acquisitions sector. Shares will be repurchased based on market conditions, with the program subject to cancellation or suspension. NV5 focuses on utility services, infrastructure, and consulting solutions across multiple sectors.
NV5 Global, Inc. (Nasdaq: NVEE) has secured two significant contracts totaling $13 million from the University of California (UCSD) and the U.S. Geological Survey (USGS) for wildfire studies and mitigation in California. UCSD awarded a $6 million contract for topographic lidar and multi-spectral imagery covering over 13,000 square miles, while USGS awarded a $7 million contract for acquiring topographic lidar data over 16,851 square miles. These projects aim to enhance wildfire management efforts, underscoring NV5's leadership in geospatial services.
NV5 Global, Inc. (Nasdaq: NVEE) announced on August 9, 2022, a contract worth approximately $8 million over three years with a major Southwest utility. This agreement marks an expansion of NV5's existing relationship with the utility, where it will provide engineering design for electrical substations, overhead power lines, and underground distribution assets. The contract also includes testing, commissioning, and consulting services for various developments. The company aims to leverage the growing investment in electrical infrastructure due to increasing demand and an aging grid.
NV5 Global (NVEE) reported robust second quarter 2022 results, showing a 13% increase in gross revenues to $202.7 million compared to Q2 2021. Net income rose 27% to $17.3 million, while Adjusted EBITDA increased 10% to $37.8 million. The company also highlighted an 8% organic growth in the first half of the year. For full-year guidance, NV5 raised its gross revenues outlook to $795 million - $815 million and GAAP EPS to $3.90 - $4.29.
NV5 Global, Inc. (NASDAQ: NVEE) has secured multiple contracts enhancing park and educational facilities in New York City, totaling approximately $22 million. The agreements include two term contracts worth around $20 million for planning and design services for parks and a $2 million contract from the NYC School Construction Authority for improvements in public schools. NV5 aims to leverage its 40 years of experience in NYC to boost infrastructure, serving local residents and visitors.
Nev5 Global, Inc. (NASDAQ: NVEE) will announce its second-quarter financial results on August 4, 2022, after market close. The earnings conference call will take place at 4:30 p.m. Eastern time, led by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, followed by a Q&A session. Participants can join via a toll-free number or internationally. A live webcast will also be available, along with a replay. NV5 provides technology, conformity assessment, and consulting solutions, focusing on various sectors, including utilities and infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) has secured a $7 million contract from the City of Oceanside, California, for consulting services related to a wastewater reclamation and recycling project. This initiative aims to decommission the La Salina Water Treatment Plant and enhance water conservation through recycled water production. NV5's responsibilities include program management, inspections, and environmental compliance over a three-year timeline, concluding in December 2025. This project highlights NV5's commitment to sustainable infrastructure and its long-standing relationship with Oceanside.
NV5 Global, Inc. (NASDAQ: NVEE) recently announced $5 million in new contracts for environmental consulting services. This includes two contracts worth approximately $3 million from a Southern California school district, focusing on asbestos and lead consulting and environmental assessments. Additionally, a five-year, $1 million contract was awarded by the New Mexico Department of Game and Fish for cultural and natural resources consulting. A national grocery retailer also selected NV5 for a $1 million environmental site assessment contract.
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