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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 GEO1 through an asset purchase of Aerial Filmworks, LLC, enhancing its geospatial solutions. GEO1 specializes in geospatial lidar, aerial imagery, and data analytics, serving utility and government clients. This acquisition, which adds 25 employees from GEO1, is expected to be immediately accretive to NV5's earnings and strengthens its existing relationships with utility clients. The collaboration is anticipated to enhance NV5's capabilities in utility asset inspection and wildfire risk mitigation.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $25 million contract for the engineering, procurement, and installation of a new LNG vaporization system for a Northeast utility. The project aims to enhance storage capacity and reliability and will be completed by Q4 2023, with the design phase currently underway. CEO Dickerson Wright emphasized the importance of utility safety and reliability in driving NV5's business, anticipating continued investments as utilities modernize infrastructure.
On May 25, 2022, NV5 Global (Nasdaq: NVEE) announced an upcoming Investor Day scheduled for May 26, 2022, at 10:00 AM Central Time. Hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, the event aims to present NV5's strategic plan for growth and enhanced margins. Attendees will experience demonstrations of NV5's high-margin services, including geospatial, data analytics, and energy efficiency. In-person registration is required, and the event will also be webcast live.
NV5 Global (Nasdaq: NVEE) has secured $8 million in contracts for geospatial data acquisition and analytics to aid public sector clients in infrastructure, utilities, and natural resource management. This includes over $4 million for the US Geological Survey's 3D Elevation Program in Kentucky and Wisconsin, a $2 million task order from the US Army Corps of Engineers, and another $2 million contract for a federally owned electric utility's right-of-way program. The company emphasizes the growth of tech-based services in its revenue stream.
NV5 Global reported a record first quarter for 2022, achieving gross revenues of $190.2 million, a 24% increase year-over-year. Net income rose to $8.6 million, a 58% increase, while Adjusted EBITDA reached $28.9 million, up by 19%. The company also increased its full-year guidance, projecting gross revenues between $785 million and $810 million. GAAP EPS improved to $0.57 per share, representing a 39% increase. NV5 enters the second quarter with a strong backlog, positioning for sustained growth.
NV5 Global, Inc. (Nasdaq: NVEE) has announced the winners of the 2022 National Society of Black Engineers (NSBE) scholarship awards, as part of a five-year commitment totaling $275,000. Ten scholarships were awarded to talented undergraduate and graduate students across various engineering disciplines. Award selection was based on personal essays, educational achievements, community contributions, and professional recommendations. NV5 emphasizes its dedication to supporting diversity in engineering and infrastructure development.
NV5 Global, Inc. (Nasdaq: NVEE) has received a contract amendment from the California Department of Transportation (Caltrans), expanding its existing on-call construction management contract by approximately $7 million. This contract will extend for an additional seven months and will involve providing not-at-risk construction management services for transportation projects in Caltrans District 10, San Joaquin Valley. NV5 has over 20 years of experience supporting Caltrans with infrastructure projects throughout California.
NV5 Global, Inc. (Nasdaq: NVEE) announced its Investor Day set for May 26, 2022, at 10:00 am Central Time, held at The Glen Club in Glenview, IL. The event will showcase NV5’s strategic growth plans and features a Q&A session with Chairman and CEO Dickerson Wright, and CFO Edward Codispoti. Attendees will also experience demonstrations of innovative technologies enhancing high-margin services in geospatial, data analytics, and energy efficiency. Registration is required for in-person participation, and a webcast will also be available for remote viewers.
NV5 Global, Inc. (Nasdaq: NVEE) will announce its financial results for the first quarter ending April 2, 2022, on May 5, 2022, after market close. An earnings conference call will follow at 4:30 p.m. Eastern Time, hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti. Participants are advised to join the call ten minutes early. The call will be webcast live, with a replay available on the NV5 website. NV5 provides engineering, technology, and environmental consulting solutions across various sectors.
NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Fulton Consulting Engineers, enhancing its mechanical, electrical, and plumbing (MEP) design and energy efficiency services. The asset purchase aims to strengthen NV5's capabilities in California and the Southwest, expanding its market reach. The acquisition is projected to be immediately accretive to NV5's earnings. CEO Dickerson Wright emphasized that the move supports NV5’s strategy for growth in high-margin ESG and technology services.
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