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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 announced a public offering of $150 million in common stock, with an additional $22.5 million available for underwriters. The proceeds will be utilized for general corporate purposes, including potential acquisitions, business expansion, and debt reduction. The offering is subject to market conditions. Major financial institutions including BofA Securities and Morgan Stanley are managing the offering. The shares will be registered with the SEC, ensuring compliance with legal requirements.
NV5 Global (Nasdaq: NVEE) announced a $6.6 million contract awarded to its division, Quantum Spatial, by a major energy utility. The contract focuses on providing geospatial analytics to enhance vegetation management and asset protection for critical electrical transmission infrastructure. NV5 will utilize lidar, imagery, and data analytics across six states, aiming to identify vegetation growth threats and support safe power delivery. This initiative aligns with recent weather challenges, emphasizing the importance of reliable energy services for clients.
NV5 Global (Nasdaq: NVEE) reported robust financial results for Q4 and FY 2020, showcasing a 30% revenue increase to $659.3 million, driven by acquisitions and operational efficiencies. Q4 gross revenue reached $161.2 million, a 22% rise year-over-year. Net income rose 28% to $4.6 million in Q4, while adjusted EBITDA surged 37% to $24.4 million. Despite increased interest and amortization expenses, adjusted EPS for Q4 improved by 28% to $0.82. NV5 anticipates continued growth in 2021, fueled by a focus on sustainable energy and a strong acquisition pipeline.
NV5 Global, Inc. (NASDAQ: NVEE) has acquired TerraTech Engineers, Inc., enhancing its capabilities in geotechnical engineering and environmental consulting. This acquisition, involving cash and stock, is expected to be immediately accretive to NV5's earnings. TerraTech, based in North Carolina with 50 employees, serves various governmental and private clients in the Southeast. The acquisition is anticipated to strengthen NV5's operational capacity and support its existing infrastructure services, benefiting both companies' clients.
Nv5 Global, Inc. (Nasdaq: NVEE) announced the launch of INSITE, a cloud-based geospatial data management platform by its division, Quantum Spatial. Designed for electric utilities, telecommunications, and government entities, INSITE enhances geospatial data management with tools for aggregation, access, and collaboration. The subscription-based platform integrates with major enterprise resource and asset management systems, enabling users to visualize large datasets effectively. This innovation strengthens NV5's position in the geospatial sector, further solidifying client relationships.
NV5 Global (Nasdaq: NVEE) will announce its fourth quarter financial results for the period ended January 2, 2021, on March 2, 2021, after market close. An earnings conference call will take place at 4:30 p.m. Eastern on the same day, hosted by Chairman and CEO Dickerson Wright, along with CFO Edward Codispoti. Participants can join via a toll-free number and are encouraged to call in ten minutes early. The call will also be webcast live and available for replay on the NV5 website.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a three-year contract with a major national utility to deliver engineering and design services for power distribution and substation infrastructure. This project, part of the company's ENERGY 2021 initiative, is expected to generate over $100 million in revenue. NV5's comprehensive service offerings will support power grid modernization, enhancing reliability and safety. The contract reflects NV5's expertise and client trust, reinforcing its status in the utility sector.
Nv5 Global, Inc. (NASDAQ: NVEE) announced it has secured approximately $4 million in program management contracts aimed at enhancing healthcare and municipal infrastructure in the western United States. Key projects include a management contract for a new hospital in Prosser, Washington and support for infrastructure projects in Santa Fe, New Mexico. The company has a longstanding relationship with Colorado Springs, Colorado, where it will assist in transportation improvements. CEO Dickerson Wright emphasized the company’s commitment to improving community health and infrastructure.
Nv5 Global, Inc. (NASDAQ: NVEE) has secured approximately $15 million in civil program management and design contracts from California cities and counties.
These contracts will support transportation and water infrastructure improvements, including significant projects like airport upgrades in San Diego and sewer improvements in Central Valley cities.
NV5's extensive expertise solidifies its position as a leader in engineering consulting and showcases its robust engagement with municipal clients.
NV5 Global, Inc. (Nasdaq: NVEE) has announced its acquisition of Industrial Design Associates International (IDA), enhancing its engineering consulting capabilities. IDA, with 85 employees across seven offices in Asia and Europe, specializes in building commissioning and MEP design for high-margin sectors like financial services and technology. This strategic move is expected to increase NV5's international revenue, particularly in subscription-based energy services. The combined expertise will create opportunities for existing clients and attract new business in high-growth markets.
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