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NV5 Awarded $10 Million Location and Surveys Contract by North Carolina Department of Transportation
Globenewswire· 2025-05-28 12:00
Core Insights - NV5 has been awarded a two-year, $10 million contract by the North Carolina Department of Transportation (NCDOT) for geospatial and utility services to support statewide infrastructure planning and development [1][2] Group 1: Contract Details - The contract includes a comprehensive suite of advanced data collection and mapping solutions such as GPS services, high-density laser scanning, aerial image collection using unmanned aerial systems (UAS), and elevation data acquisition [2] - Additional services will encompass aerial mapping control, route location surveys, and subsurface utility engineering (SUE) to aid in the design and planning of critical transportation projects [2] Group 2: Operational Capabilities - NV5 will provide dedicated UAS operators and management to ensure quality and consistency in aerial data operations, which is essential for enhancing infrastructure accuracy, safety, and project efficiency across North Carolina [3] - The company's focus on essential infrastructure services and advanced data solutions positions it to support large-scale projects that are critical regardless of economic conditions [3] Group 3: Company Background - NV5 Global, Inc. is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions, specializing in engineering design, asset management, and geospatial data analytics [5] - The company operates from over 100 offices nationwide and abroad, emphasizing infrastructure resilience and building systems performance throughout the asset lifecycle [5]
NV5 Strengthens South Korea Data Center Capabilities; Positioned for Accelerated Organic Growth
Globenewswire· 2025-05-21 12:00
Core Insights - NV5 is strategically expanding into the South Korean data center market by acquiring SA Bricks, enhancing its capabilities in commissioning and energy marshalling for data center infrastructure [1][2] - The South Korean data center market is experiencing robust growth due to investments from both local and international technology companies, driven by increasing demand for cloud computing and AI [2] - NV5's data center business now operates in 15 countries, reflecting its global reach and commitment to high-growth regions [2] Company Overview - NV5 Global, Inc. is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions, specializing in engineering design, asset management, and geospatial data analytics [4] - The company operates from over 100 offices worldwide, indicating a strong operational presence [4] Leadership Statements - Ben Heraud, CEO of NV5, emphasized the strong demand for data center design and commissioning services, particularly in hyperscale data centers, and highlighted the importance of the South Korean market for future growth [3] - Gary Hui, COO of NV5 Data Center Division, noted that the expansion into South Korea is a response to requests from U.S. technology clients, positioning NV5 to support their investments in hyperscale data centers [3]
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FL, NVEE, TIC on Behalf of Shareholders
GlobeNewswire News Room· 2025-05-15 22:44
Group 1 - Halper Sadeh LLC is investigating Foot Locker, Inc. for potential violations related to its sale to DICK'S Sporting Goods, Inc., where shareholders can choose between $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker [1] - NV5 Global, Inc. is being investigated for its sale to Acuren Corporation, with shareholders set to receive approximately $23.00 per share, consisting of $10.00 in cash and an estimated $13.00 in Acuren common stock [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options regarding the proposed transactions [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]
NV5 Global (NVEE) M&A Announcement Transcript
2025-05-15 01:00
Summary of Akron Corporation's First Quarter Earnings and Merger Announcement Call Company and Industry - **Company**: Akron Corporation - **Industry**: Testing, Inspection, and Certification (TIC) and Engineering Services Core Points and Arguments 1. **Merger Announcement**: Akron Corporation has signed a definitive merger agreement with NV5, which will enhance their service offerings and market reach [2][18][19]. 2. **First Quarter Performance**: Akron reported a revenue of $234 million, a 5% increase from $223 million year-over-year, with organic growth at 7.2% [13][16]. 3. **Market Conditions**: The company experienced growth despite macroeconomic volatility and tariff uncertainties, maintaining a disciplined pricing strategy [6][7][11]. 4. **Service Offerings**: Key services include run and maintain work (over 40% of business) and call out services, both of which showed strong performance [9][10]. 5. **Operational Resilience**: Akron's operational exposure to tariffs is minimal, primarily due to local labor costs and low material exposure [11]. 6. **Financial Metrics**: Adjusted EBITDA for Q1 was $25.9 million, down from $35.5 million the previous year, reflecting a decrease in adjusted EBITDA margin from 15.9% to 11% [15][16]. 7. **Full Year Guidance**: The company reaffirms its full-year revenue growth expectations in the low to mid-single-digit range, with flat adjusted EBITDA year-over-year [16]. Merger Details 1. **Transaction Structure**: Akron will acquire NV5 for approximately $1.7 billion, with NV5 shareholders receiving $23 per share, consisting of $10 in cash and $13 in common equity [20]. 2. **Market Expansion**: The merger is expected to create an industry-leading TIC and engineering platform, unlocking new geographies and end markets [18][19]. 3. **Shareholder Benefits**: The transaction is anticipated to be immediately accretive to Akron shareholders, with NV5 shareholders owning approximately 40% of the combined business [20][21]. 4. **Operational Efficiencies**: The merger is expected to yield significant operational efficiencies and a larger service platform [19][21]. Additional Insights 1. **Geospatial Services**: NV5's capabilities in geospatial data and analytics will complement Akron's services, enhancing asset management and inspection processes [28][29]. 2. **Infrastructure Focus**: Both companies see strong growth potential in infrastructure services, driven by aging assets and increased investment in essential infrastructure [26][62]. 3. **Cross-Selling Opportunities**: The merger will facilitate cross-selling of services between the two companies, particularly in new end markets such as infrastructure and industrial sectors [88][90]. 4. **M&A Strategy**: The combined entity will continue to pursue M&A opportunities, leveraging a robust pipeline and the strengths of both companies [108][110]. Conclusion The merger between Akron Corporation and NV5 is positioned to create a stronger entity in the TIC and engineering services industry, with significant growth potential and operational efficiencies. The first quarter results indicate a solid foundation for future performance, despite current economic challenges.
NV5 Awards 2025 National Society of Black Engineers Scholarships
Globenewswire· 2025-05-08 12:00
Core Points - NV5 announced the winners of the 2025 NSBE scholarship awards, recognizing ten scholars for their academic excellence in engineering and related fields [1][2] - The NSBE scholarship program supports undergraduate and graduate students pursuing careers in civil, electrical, and mechanical engineering, geomatics, and computer science [2] - The National Society of Black Engineers, founded in 1975, is one of the largest student-governed organizations in the U.S., promoting diversity and inclusion in the engineering field [3] Company Overview - NV5 Global, Inc. is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment, specializing in engineering design, asset management, and geospatial data analytics [6] - The company operates over 100 offices nationwide and internationally, supporting infrastructure resilience and building systems performance throughout the asset lifecycle [6] Scholarship Selection Criteria - Scholarship recipients were selected based on personal essays, academic achievements, community involvement, and professional endorsements, reflecting NSBE's values and commitment to academic excellence [5]
NV5(NVEE) - 2025 Q1 - Earnings Call Presentation
2025-05-02 07:54
Infrastructure Support Buildings & Technology Geospatial First Quarter 2025 Results May 1, 2025 Disclaimer This presentation contains forward-looking statements about the Company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC. During this call, GAAP ...
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:32
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Richard Tong - Director, EVP & General CounselDickerson Wright - Executive ChairmanBen Heraud - CEOEdward Codispoti - CFOAlexander Hockman - President & CEO - InfrastructureAndrew Chang - COO - Buildings & TechnologyKurt Allen - President of GeospatialSam Kusswurm - Equity Research Associate Conference Call Participants Chris Moore - Senior AnalystRob Brown - Founding Partner & Senior Research AnalystAndrew Wittmann - Seni ...
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:32
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Richard Tong - Director, EVP & General CounselDickerson Wright - Executive ChairmanBen Heraud - CEOEdward Codispoti - CFOAlexander Hockman - President & CEO - InfrastructureAndrew Chang - COO - Buildings & TechnologyKurt Allen - President of GeospatialSam Kusswurm - Equity Research Associate Conference Call Participants Chris Moore - Senior AnalystRob Brown - Founding Partner & Senior Research AnalystAndrew Wittmann - Seni ...
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 20:30
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss NV5's financial results for the first quarter twenty twenty five ended 03/29/2025. Joining us today are Dickerson Wright, Executive Chairman of NV5 Ben Hurad, CEO of NV5 Edward Codispoti, CFO of NV5 and Richard Tong, Executive Vice President and General Counsel at NV5. I would now like to turn the call over to Richard Tong. Speaker1 Thank y ...
NV5(NVEE) - 2025 Q1 - Quarterly Results
2025-05-01 20:10
Exhibit 99.1 NV5 ANNOUNCES STRONG FIRST QUARTER RESULTS; REAFFIRMS POSITIVE FULL-YEAR 2025 GUIDANCE Hollywood, FL – May 1, 2025 – NV5 Global, Inc. (Nasdaq GS: NVEE) ("NV5" or the "Company"), a leading provider of tech- enabled engineering, testing, inspection, and consulting solutions for the built environment, today reported financial results for the first quarter ended March 29, 2025. "NV5 delivered strong first quarter results for revenue and profitability, positioning us for an excellent 2025. Gross rev ...