Nv5 Global Inc Stock Price, News & Analysis

NV5 Global, Inc. (Nasdaq: NVEE) will announce its second quarter financial results on August 10, 2021, after market close. An earnings conference call, led by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, will take place at 4:30 p.m. Eastern the same day. Participants can join via toll-free and international numbers or through a live webcast available on the company’s website. NV5 provides compliance, technology, and engineering consulting solutions across various sectors, operating over 100 offices globally.

NV5 Global, Inc. (Nasdaq: NVEE) announced the award of an $8 million contract by the U.S. Department of Agriculture to provide geospatial services for forestry management in Alaska. The five-year contract includes the provision of digital aerial imagery to support the USDA Forest Service's management of the Tongass and Chugach National Forests.

The data will assist in understanding forest health and sustainability trends, benefiting policy makers and resource managers.

NV5 Global has secured a $6.3 million contract from the City of Fresno, California, to provide program management services for the Veterans Boulevard Interchange and Corridor Improvement Project. This initiative aims to expand Veterans Boulevard to a six-lane roadway and improve traffic flow by constructing a new interchange with State Route 99, featuring four bridges. The project is expected to be completed by December 2024, enhancing connectivity and reducing congestion in this significant Central Valley city.

NV5 Global (Nasdaq: NVEE) announced a commitment of $275,000 to fund ten scholarships through the National Society of Black Engineers (NSBE). These scholarships will support undergraduate and graduate students across various engineering disciplines, with applicants evaluated based on essays, academic achievements, and recommendations. The initiative aims to foster diversity in the engineering field, ensuring the future of infrastructure is shaped by a talented pool of professionals. NV5 emphasizes the importance of supporting the next generation of engineers for community impact.

NV5 Global, Inc. (Nasdaq: NVEE) reported Q1 2021 financial results with cash flows from operations at $48 million, up from $13.6 million in Q1 2020. Net income grew 31% to $5.5 million, and GAAP earnings per share rose 24% to $0.41. Despite weather-related project delays and COVID-19 limitations, backlog increased by 5%. The company anticipates continued growth opportunities, supported by a strong balance sheet and plans to invest in acquisitions. Full year revenue guidance is raised to $695 million - $720 million, with adjusted EPS projected between $4.05 and $4.45.

NV5 Global, Inc. (Nasdaq: NVEE) has secured a $7 million LNG loading system project from a major Southeast utility. This project involves engineering, procurement, and construction services to transfer liquefied natural gas (LNG) efficiently. Work is underway and expected to conclude by April 2022. CEO Dickerson Wright highlighted the project’s significance in modernizing energy infrastructure, contributing to improved reliability and safety in gas services. The project aligns with NV5's ENERGY 2021 initiative.

NV5 Global, Inc. (NASDAQ: NVEE) announced a $50 million term agreement with the New York City Department of Design and Construction (NYCDDC) for resident engineering inspection services across NYC's five boroughs. This contract represents NV5's second consecutive agreement with NYCDDC and spans three years, with an option for a one-year extension. The company has established a strong reputation in New York for its engineering services. NV5 aims to enhance infrastructure for the city's residents and businesses, reflecting a commitment to quality and timely project delivery.