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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) 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.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $2 million contract for design services related to audiovisual systems and building security in a new innovation district in North Carolina. This three-year project involves facilities including a 358,000 sq. ft. education center and a 335,000 sq. ft. research building. Chairman and CEO Dickerson Wright emphasized NV5's two-decade leadership in building technology for educational institutions, aiming to enhance safety and technology integration.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $9 million contract from the National Oceanic and Atmospheric Administration’s (NOAA) National Geodetic Survey. The two-year contract involves providing topobathymetric lidar, 4-band imagery, and mapping services for the Maine shoreline, covering an area of 3,115 square miles. This initiative aims to enhance marine navigation safety and support various marine assessments. CEO Dickerson Wright emphasized the company's ongoing relationship with NOAA to advance shoreline measurement capabilities.
NV5 Global, Inc. (NASDAQ: NVEE) has secured a three-year, $15 million contract with the Georgia Department of Transportation for cultural resource services. The contract involves engineering services related to archaeological and historical sites, including artifact curation and historic rehabilitation studies. This collaboration highlights NV5's strong relationship with GDOT and underscores the increasing importance of social and environmental sustainability in infrastructure projects. The award reflects NV5's commitment to support efficient roadways while preserving historical integrity.
NV5 Global, Inc. (Nasdaq: NVEE) announced a $6 million contract awarded by the Los Angeles County Department of Public Works for environmental compliance services over five years. This contract includes environmental site assessments, remediation management, and compliance support for various infrastructure projects. NV5 has a longstanding relationship with the county, providing expertise for over 20 years. The company operates in multiple sectors, including utility services and environmental health sciences, supporting essential services for over 10 million residents across a 4,000 square mile area.
NV5 Global reported strong financial results for Q3 2022, with gross revenues rising to $204.1 million, a 10% increase year-over-year. Net income surged by 28% to $16.1 million, while adjusted EBITDA grew by 4% to $36.0 million. EPS also improved significantly, with GAAP EPS at $1.05 (+27%) and adjusted EPS at $1.50 (+20%). For the nine months ended October 1, 2022, revenues reached $597.0 million, up 15%, and net income was $42.0 million, a 32% increase. The company highlighted its strong backlog and healthy acquisition pipeline.
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