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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) reported a strong fiscal 2022, achieving gross revenues of $786.8 million, reflecting an 11% increase from $706.7 million in 2021. Net income rose by 6% to $50.0 million, while Adjusted EBITDA increased by 2% to $135.2 million. The company completed five strategic acquisitions, enhancing its service offerings in utility geospatial, building technology, and materials testing. For fiscal 2023, NV5 anticipates revenues between $878 million and $915 million and GAAP EPS ranging from $2.93 to $3.33, marking a positive outlook despite economic challenges posed by rising interest rates.
NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Axim Geospatial, enhancing its capabilities in federal defense and intelligence sectors. Axim, based in Wisconsin with 340 employees, offers advanced geospatial solutions and tools, expanding NV5’s strength in geospatial utility services. The acquisition supports NV5’s position as a leader in geospatial data solutions. Axim employs over 200 proprietary tools to deliver customized services across various sectors, including national security and infrastructure. This strategic move aims to accelerate both companies' missions to provide smarter and safer geospatial solutions.
NV5 Global has announced the acquisition of Diversified Consulting Solutions (DCS), enhancing its owner representation services in the Mountain West Region. This transaction combines cash and stock and is immediately accretive to earnings. DCS, based in Denver, specializes in comprehensive consulting for municipalities and educational sectors, managing projects from concept through completion. The CEO of NV5 expressed enthusiasm for growth in this high-margin service area, anticipating further expansion. With over 400 million dollars managed by DCS, this acquisition is expected to strengthen NV5’s service offerings and market presence.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $17 million contract to develop a comprehensive aerial photography and elevation database for Kentucky. This initiative, part of the KyFromAbove program, aims to enhance geospatial data access, thereby reducing GIS development costs and improving efficiency in state processes. Over a two-year period, NV5 will gather natural color and digital imagery to aid in resource management, land planning, and infrastructure development. The CEO emphasizes the growing demand for high-resolution geospatial services to support economic and resource management.
NV5 Global, Inc. (Nasdaq: NVEE) announced significant contract awards totaling $9 million to enhance transportation infrastructure across the United States. The company will deliver engineering design, surveying, utility engineering, and inspection services. Key projects include a $4 million contract for New York State projects, $2.5 million for construction management in California, and another $2.5 million for roadway improvements in the Southeast. CEO Dickerson Wright emphasized the impact of infrastructure investment on community quality and economic development, highlighting the non-discretionary nature of such projects amidst varying economic conditions.
NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Bromley Cook Engineering, a Florida-based leader in forensic and structural engineering. This strategic move aims to enhance NV5's offerings in engineering and consulting solutions, especially within the hurricane-prone environment of Florida. The transaction, involving cash and stock, is expected to be accretive to NV5's earnings immediately. Bromley Cook's expertise in concrete restoration and hurricane-hardening design is anticipated to bolster NV5's position in the market.
NV5 Global, Inc. (NASDAQ: NVEE) is set to announce its financial results for the fourth quarter ending December 31, 2022, on February 23, 2023. The earnings call will take place at 4:30 p.m. Eastern time, hosted by Chairman and CEO Dickerson Wright, along with CFO Edward Codispoti. Investors can dial in using +1 (888) 412-4117 or +1 (646) 960-0284 for international calls, with the conference ID 6172299. The call will be webcast live, and a replay will be available on the company's website. NV5 offers broad technology and consulting solutions across multiple sectors, with over 100 offices worldwide.
NV5 Global, Inc. (NASDAQ: NVEE) has secured a $9 million contract from the New York City Department of Parks and Recreation for landscape architectural design services over a three-year term, with a two-year renewal option. This contract involves designing enhancements for parks and recreational facilities, focusing on sustainable practices to strengthen community ties and resilience. This marks NV5's second consecutive contract with the department, reflecting its ongoing commitment to enhancing urban infrastructure.
L3Harris Technologies (NYSE: LHX) has announced the signing of a definitive agreement to divest its Visual Information Solutions business to NV5 Global Inc. (NASDAQ: NVEE) for an expected benefit of up to
NV5 Global (NASDAQ: NVEE) announced its acquisition of L3Harris Technologies’ Visual Information Solutions (VIS) geospatial technology business for an all-cash transaction. This move enhances NV5's leadership in subscription-based geospatial software and is expected to be immediately accretive to earnings. The deal includes 16 U.S. patents and software applications utilized by major federal agencies. The closing is anticipated in the first half of 2023, pending regulatory approval.
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