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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) 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.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a three-year, $15 million contract with the New York City Department of Design and Construction. This agreement aims to provide engineering design and related services for large infrastructure projects across New York City's five boroughs. NV5's long-standing relationship with NYCDDC since 1996 has resulted in various successful infrastructure initiatives. The company aims to deliver community-focused solutions addressing economic and environmental challenges.
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.
NV5 Global (NASDAQ: NVEE) has secured $4 million in new projects in the Middle East, focusing on building engineering and technology solutions. These include new constructions and refurbishments in Saudi Arabia and the UAE. Notable projects encompass the transformation of a historic palace into a luxury hotel and the design of HVAC systems for schools and resorts. CEO Dickerson Wright emphasized that these projects support NV5's strategic growth in international markets, particularly aligning with Saudi Arabia's and UAE's long-term development plans.
NV5 Global, Inc. (Nasdaq: NVEE) reported strong financial results for Q3 2021, achieving record revenues of $185.6 million, up 9% from Q3 2020. Net income surged 62% to $12.6 million, while adjusted EBITDA rose 16% to $34.7 million. The company highlighted a 13% increase in backlog and continued growth in utility and ESG services, bolstered by the acquisition of Sage Renewable Energy Consulting. NV5 updated its full-year guidance, raising GAAP EPS to between $2.60 and $2.91 and adjusted EPS to a range of $4.36 to $4.62.
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