Bowman Consulting Group Ltd. (NASDAQ:BWMN) Q4 2023 Earnings Conference Call March 12, 2024 9:00 AM ET Company Participants Gary Bowman - Founder and CEO Bruce Labovitz - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Jeff Martin - ROTH MKM Alex Rygiel - B. Riley Aaron Spychalla - Craig-Hallum Operator Good morning. My name is Drew, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Bowman Consulting Group Fourth Quarter and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ______________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Auditor Firm Id: 00042 Auditor Name: Ernst & Young LLP Auditor Loc ...

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (“Bowman” or the “Company”) (NASDAQ: BWMN), today announced the scheduling of its 2023 earnings release and investor conference call along with preliminary results for fiscal 2023 Net Service Billing and Adjusted EBITDA, both non-GAAP financial measures. The Company will release its financial results for the fourth quarter and full year 2023 after the U.S. financial markets close on Monday, March 11, 2024. The Company will host a webcast to discuss ...

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, proudly announces the appointment of Mark Borushko as senior vice president, West. In this role, Borushko will spearhead the expansion of Bowman’s comprehensive services across the Western United States while capitalizing on emerging opportunities in the private and public ...

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary (collectively “TCE”), a multi-disciplinary engineering firm located just outside Burlington in Williston, Vermont. Founded in 1975, TCE works wi ...

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Gary Bowman - Founder and CEO Bruce Labovitz - CFO Conference Call Participants Aaron Spychalla - Craig-Hallum Capital Group Alex Rygiel - B. Riley Financial, Inc. Oliver Chornous - D.A. Davidson Equity Capital Markets Operator Good morning. My name is Alisa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Bowman Consulting Group Thi ...

S&P Global Market Intelligence PRESENTATION 3 * Capability needed to view estimates data. Please contact your account manager................................................................................................. .................................................................... division COPYRIGHTof S&P © 2023Global S&PInc. GlobalAll rights Marketreserved Intelligence, Ltd. NasdaqGM:BWMN Earnings Call Tuesday, November 7, 2023 2:00 PM GMT Call Participants ....................................... ...

_____________________________________________ For the quarterly period ended September 30, 2023 Delaware 54-1762351 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit s ...

Financial Data and Key Metrics Changes - Gross revenue for the second quarter increased by $20.4 million or 33% to $82.8 million compared to $62.4 million in the same quarter last year [28] - Net service billing for the six months increased by $37.3 million or 36% to $141.4 million compared to $104.1 million in the first half of last year [32] - Adjusted EBITDA was up 46% in the second quarter to $11.1 million compared to $7.7 million last year, with an adjusted EBITDA margin increase of 150 basis points to 15% [34] Business Line Data and Key Metrics Changes - Building infrastructure represented 59% of gross revenue for the quarter, with transportation and power each representing 19% of gross revenue [11] - Year-to-date gross revenue was up $43.9 million or 38% to $158.9 million compared to $114.9 million in the first six months of last year [12] - Organic growth of net service billing was roughly 12% in the quarter, including contributions from recent acquisitions [14] Market Data and Key Metrics Changes - Backlog at the end of the quarter was approximately $295 million, up close to $90 million compared to June 30, 2022 [18] - Transportation revenue grew by 141% year-over-year, increasing its contribution to gross revenue from 11% to 20% [42] - Power and Utilities revenue grew by 60% year-over-year, increasing its contribution to gross revenue from 15% last year to 18% this year [43] Company Strategy and Development Direction - The company aims to achieve $500 million of annual revenue combined with above-average margins, focusing on revenue diversification and integration of acquired firms [28][47] - The strategy includes a commitment to capitalizing on revenue synergy opportunities through rapid integration of acquired firms and promoting work sharing and cross referrals [27] - The company is concentrating on developing services in areas such as geospatial mapping, renewable energy solutions, and digital services [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the homebuilding industry recovering faster than anticipated, with strong demand noted among customers [71] - The company continues to see strong momentum in the infrastructure market, driven by positive funding and demand for innovation [8] - Management maintains a positive outlook for the remainder of the year and anticipates discussing new acquisitions in the next earnings call [47] Other Important Information - The company completed five acquisitions, adding approximately $36 million of annualized net service revenue and over 250 new employees [6] - Net debt at the end of the quarter was $61.2 million, resulting in a leverage ratio of 1.5 on trailing fourth quarter's adjusted EBITDA [37] - The company increased its adjusted EBITDA guidance from a range of $44 million to $50 million to a range of $47 million to $52 million [20] Q&A Session Summary Question: Update on revenue synergies and organic growth - Management indicated that synergies from acquisitions are a substantial contributor to organic growth rates [50] Question: Backlog in the transportation vertical - Management acknowledged that the transportation backlog is lumpy but noted good prospects for the rest of the year [60] Question: Surprises in the quarter - A pleasant surprise was the quick recovery in the homebuilding industry, with optimism among customers [71] Question: M&A opportunities - Management noted increasing opportunities for larger transactions but remains focused on smaller, impactful acquisitions [75] Question: Federal funding impact on backlog - Management confirmed that several projects in the pipeline are driven by federal funding [82]

Table of Contents _____________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR _____________________________________________ Commission File Number: 001-40371 Page 12355 Sunrise Valley Drive, Suite 520 Reston, Virginia 20191 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (703) 464-1000 _____________________________________________ Securities registered pursuant to ...