Welcome to our dedicated page for NV5 Global news (Ticker: NVEE), a resource for investors and traders seeking the latest updates and insights on NV5 Global stock.
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 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.
NV5 Global has announced the acquisition of Intrepid Engineering LLC, enhancing its mechanical, electrical, and plumbing (MEP) consulting services. Established in 2004, Intrepid specializes in MEP systems design for healthcare, education, and retail sectors. The deal, comprising cash and stock, is expected to immediately boost NV5's earnings. This acquisition allows NV5 to diversify its client base in Las Vegas, moving beyond hospitality to tap into high-growth sectors. The integration aims to strengthen NV5's position in the Southwest region.
NV5 Global, Inc. (Nasdaq: NVEE) announced the award of a contract exceeding $60 million for upgrading a liquefied natural gas (LNG) facility. The project aims to enhance safety, reliability, and capacity of the facility over a three-year timeline, expected to finish in 2025. Engineering design is currently in progress to improve liquefaction capacity, benefiting natural gas storage during peak demand. CEO Dickerson Wright emphasized the firm's capability in supporting LNG system demands, continuing its long-standing service in the natural gas sector since 1978.
NV5 Global, Inc. (NASDAQ: NVEE) announced contracts worth approximately $8 million with the California Department of Transportation, Stanislaus County, and Calaveras County. These contracts will support essential transportation infrastructure projects, including engineering design and construction management services. Notably, one project involves expanding State Route 395 into a four-lane expressway, expected to complete in 2024. NV5 has collaborated with Caltrans for two decades, emphasizing the significance of reliable transportation for community development.
NV5 Global (Nasdaq: NVEE) will announce its Q3 financial results on November 3, 2022, after market close. The earnings call is scheduled for 4:30 p.m. Eastern and will be hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti.
Participants should dial in ten minutes early. The call will be accessible via webcast and available for replay. NV5 specializes in technology and consulting solutions for various sectors, operating from over 100 offices worldwide.
NV5 Global, Inc. (NASDAQ: NVEE) has secured an $8 million contract from the US Geological Survey to enhance wildfire studies and mitigation efforts in Northern California. This contract builds on prior agreements with the University of California and USGS. The project will utilize topographic lidar data to cover 19,137 square miles, aiding in wildfire and water resource management. CEO Dickerson Wright emphasized NV5's leadership in addressing environmental threats exacerbated by drought conditions.
FAQ
What is the current stock price of NV5 Global (NVEE)?
What is the market cap of NV5 Global (NVEE)?
What services does NV5 Global, Inc. provide?
Where is NV5 Global, Inc. headquartered?
How many offices does NV5 Global, Inc. operate?
What are some of NV5's recent achievements?
Who are NV5 Global, Inc.'s clients?
What distinguishes NV5 Global, Inc. in the market?
What is NV5 Global, Inc.'s growth strategy?
How long has NV5 Global, Inc. been in business?
What are NV5 Global, Inc.'s key market sectors?
Where can I find more information about NV5 Global, Inc.?
