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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.
On March 2, 2022, NV5 Global (NASDAQ: NVEE) announced the acquisition of River City Testing, Inc. through an all-cash transaction. This strategic move enhances NV5's testing and consulting capabilities in Southern California, particularly in the Inland Empire region, which has a population of about 4 million. The acquisition includes a materials testing laboratory, which will bolster NV5’s engineering operations across Riverside and San Bernardino Counties. The deal is expected to be immediately accretive to earnings, further expanding NV5’s footprint and service offerings in the region.
NV5 Global, a provider of compliance and engineering consulting solutions, reported record revenues and profitability for Q4 and full year 2021. Q4 gross revenues rose 17% to $188.6 million, net income surged 238% to $15.5 million, and Adjusted EBITDA increased 63% to $39.7 million. For the full year, revenues grew to $706.7 million with net income reaching $47.1 million, a 124% rise. The company forecasts 2022 revenues between $773 million and $802 million and EPS of $3.34 to $3.65. NV5's strategic acquisitions have bolstered its high-margin offerings and market expansion.
NV5 Global, Inc. (Nasdaq: NVEE) announced contracts worth approximately $7 million for supporting transportation infrastructure improvements in California, New York, and South Carolina. The two-year contract in California is valued at $2.2 million for civil program management on the Olancha Cartago Four Lane Project. In New York, NV5 secured a $3 million contract for Construction Inspection Services. A three-year contract in South Carolina anticipates $1.5 million in revenues for survey services. These contracts emphasize NV5's commitment to enhancing community infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) will announce its financial results for Q4 ended January 1, 2022, on February 28, 2022, after market close. A conference call will follow at 4:30 p.m. ET, hosted by Chairman and CEO Dickerson Wright, and CFO Edward Codispoti. Investors can join via toll-free number +1 (888) 412-4117 or international number +1 (646) 960-0284. The call will be webcast live, with a replay available on the company’s website. NV5 provides compliance, technology, engineering, and environmental consulting solutions for various sectors.
NV5 Global, Inc. (NASDAQ: NVEE) has been awarded contracts exceeding $8 million by a Midwest electric utility to acquire lidar data and provide remote sensing analytics. This initiative aims to mitigate vegetation-related outages across the utility’s distribution system. NV5's technology will help identify and map encroaching vegetation, informing the utility's 2022 and 2023 forestry management plans. Chairman and CEO Dickerson Wright emphasized the importance of geospatial data analytics in ensuring service reliability and safety for utility operations.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $39 million contract to upgrade a major Midwest utility's liquefied natural gas (LNG) facility. The project involves engineering, procurement, construction management, and commissioning services for the replacement of the aging liquefier. Enhancements include a new pretreatment system, liquefier, electrical gear, refrigerant storage, and control system, aiming to improve reliability and operational flexibility. Expected completion is in spring 2024.
NV5 Global, Inc. (Nasdaq: NVEE) announced the expected acquisition of Optimal Energy, Inc., an energy efficiency consultancy, prior to December 31. The deal, which will involve cash and stock, is set to enhance NV5's earnings immediately. Optimal's expertise serves government bodies and utilities across nearly 40 states and seven Canadian provinces. This acquisition marks NV5's fourth in the energy sector, aiming to boost its competitive edge and service capabilities in the growing energy efficiency market.
NV5 Global, Inc. (Nasdaq: NVEE) has been named the title sponsor of the NV5 Invitational, part of the Korn Ferry Tour, set to take place from May 26-29, 2022, at The Glen Club, Glenview, IL. The tournament features 156 players competing for a $750,000 purse. Proceeds will support the Evans Scholars Foundation, providing scholarships to deserving caddies. Concurrently, NV5 will host an investor day during the event to discuss its growth strategy and technologies in geospatial and energy efficiency sectors.
NV5 Global, Inc. (NASDAQ: NVEE) has acquired AT Advanced Technologies Asia Pacific Pte. Ltd., expanding its capabilities in commissioning management and engineering services for high-tech facilities and data centers. This acquisition, valued at a combination of cash and stock, is expected to be immediately accretive to NV5's earnings. AT has completed over 350 projects across Asia and Australia, positioning NV5 to leverage the growing data center market in Singapore and Southeast Asia, enhancing its energy efficiency and building analytics services.
Nev5 Global, Inc. (NASDAQ: NVEE) has acquired Global Realty Services Group LLC (GRS) in an all-cash transaction, enhancing its position in the real estate due diligence sector. This acquisition adds 154 full-time employees and allows NV5 to leverage GRS's proprietary G-NET system for improved efficiency. The real estate transaction business has already seen double-digit growth in 2021, and the integration of GRS is expected to drive additional growth in this high-margin market. GRS has conducted over 10,000 projects, serving a diverse clientele, which will further expand NV5's reach.
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