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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 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.
NV5 Global, Inc. (NASDAQ: NVEE) announced contracts worth $3 million with the Hong Kong Urban Renewal Authority and a major data center operator. The Hong Kong Urban Renewal Authority awarded NV5 a three-year, $2 million contract for inspection and engineering services to upgrade 700 elevators in Kowloon to meet safety regulations. Additionally, NV5 received a $1 million contract for mechanical and electrical design services for a 20-megawatt hyperscale data center, expected to complete in 2022. These contracts highlight NV5's growth in the international market.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a two-year, $4 million contract with the North Carolina Department of Transportation (NCDOT). This contract entails aiding in the development of transportation infrastructure, reviewing project plans, and producing technical reports for the NCDOT's Western Region. NV5 will also provide general engineering services as a consultant for other firms. The company's long-standing partnership with NCDOT spans over 25 years, specializing in safe transportation design and inspection.
NV5 Global, Inc. (NASDAQ: NVEE) will announce its Q3 financial results on November 9, 2021, after market close. An earnings conference call is scheduled for 4:30 p.m. Eastern that same day, hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti. Participants can join via phone or webcast. The press release will provide details on financial performance and strategies across NV5's business verticals, including compliance and environmental consulting, focusing on infrastructure and utility services.
Nev5 Global, Inc. (NASDAQ: NVEE) has appointed Dr. Denise Dickins as an Independent Director to its Board of Directors, filling the vacancy left by Michael Renshaw's resignation. Dr. Dickins, a Professor of Accounting and Auditing at East Carolina University, brings extensive financial and governance experience from her positions on various publicly traded company boards. Her credentials include a Ph.D. in Business Administration and certifications as a CPA and CIA. The company aims to enhance its governance and strategic direction with this appointment.
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