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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 (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.
NV5 Global, Inc. (Nasdaq: NVEE) has secured $13 million in contracts from the North Carolina Department of Transportation (NCDOT) for inspection services and feasibility studies, each lasting two years. The contracts include a $10 million Construction Engineering and Inspection contract and a $3 million Feasibility Studies contract. NV5 has partnered with NCDOT for over 25 years, and these new contracts enhance its role in supporting public infrastructure projects in North Carolina.
NV5 Global, Inc. (Nasdaq: NVEE) has secured an $8 million contract for engineering, procurement, and construction services to improve a liquefied natural gas facility for a Northeast utility. This project aims to enhance safety, efficiency, and reliability in gas supply. The company is experiencing growth in the utility sector, enabling investments to modernize infrastructure. NV5's expertise in engineering offers clients a competitive advantage, contributing to reliable gas delivery.
NV5 Global, Inc. (NVEE) reported a strong third quarter for 2020, with gross revenues increasing by 30% year-over-year to $169.9 million, surpassing analyst expectations by 9%. Net income rose 33% to $7.8 million, while adjusted EBITDA grew by 70% to $29.9 million. The company generated $21.7 million in cash flows from operations and paid down $27.8 million in debt. Despite a higher interest expense and tax rate, NV5's backlog increased by 9% and cash on hand was $64 million at the end of the quarter.
NV5 Global has secured over $3 million in contracts for mechanical, electrical, and plumbing (MEP) and technology design services across projects in Hong Kong, Malaysia, and Saudi Arabia. Notable projects include the full refurbishment of the Le Meridian Hotel in Hong Kong and MEP services for a prominent mall in Kuala Lumpur. Additionally, NV5 will assist a movie theater company with plans for fifty cinemas in Saudi Arabia. This growth follows the acquisition of Mediatech Design Group, enhancing NV5's international operational capabilities.
NV5 Global (NASDAQ: NVEE) has secured three transportation contracts totaling $16 million from the North Carolina Department of Transportation. These contracts will span two years, providing engineering design, surveying, and testing services for critical infrastructure such as bridges and roadways. The largest contract, valued at $10 million, focuses on location surveys and engineering services, while the other contracts involve planning and design support. NV5 aims to assist NCDOT in addressing the growing demands of North Carolina's population.
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