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NV5(NVEE) - 2024 Q4 - Annual Results
2025-02-20 21:16
Exhibit 99.1 NV5 ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS; ISSUES FULL YEAR 2025 GUIDANCE Hollywood, FL – February 20, 2025 – NV5 Global, Inc. (Nasdaq: NVEE) ("NV5" or the "Company"), a provider of technology, conformity assessment, consulting solutions, and software applications, today reported financial results for the fourth quarter and full year ended December 28, 2024. "NV5 delivered a strong performance in 2024, with 10% growth in gross revenues and a 13% increase in gross profit over 2023, ...
NV5 Announces Fourth Quarter and Full Year 2024 Results; Issues Full Year 2025 Guidance
GlobeNewswire News Room· 2025-02-20 21:00
HOLLYWOOD, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq: NVEE) ("NV5" or the "Company"), a provider of technology, conformity assessment, consulting solutions, and software applications, today reported financial results for the fourth quarter and full year ended December 28, 2024. "NV5 delivered a strong performance in 2024, with 10% growth in gross revenues and a 13% increase in gross profit over 2023, and strong organic growth and increased profitability in all three segments of NV5’s ...
NV5 Awarded $5 Million in Substation Design Contracts by Northeast Utilities
Globenewswire· 2025-02-06 13:00
HOLLYWOOD, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded $5 million in substation design contracts by Northeast utilities. These projects will strengthen electrical grid reliability and support the resiliency of New York and New Jersey utility infrastructure. The contract awards continue the expansion of NV5’s relationship with Northeast electri ...
NV5 and U.S. Geological Survey Release High Resolution Lidar Data of Palisades Fire and Eaton Fire Burn Areas to the Public
Newsfilter· 2025-01-31 13:00
Core Insights - NV5 has made lidar-derived data from the Palisades Fire and Eaton Fire burn areas publicly available through the U.S. Geological Survey, which is crucial for recovery and rebuilding efforts following the wildfires [1][2]. Group 1: Lidar Data and Its Importance - The lidar data was collected by NV5 between January 21-22, 2025, and is intended for analyzing the impact of the fires, aiding in damage assessment, and understanding potential fire debris hazards [2]. - The data allows for the measurement of changes in terrain, vegetation density, and burn severity by comparing it to previous lidar data collected in 2023 and 2024, which supports the USGS's 3D Elevation Program [3]. - This analysis is essential for quantifying fire damage, identifying risks of debris flows or flooding, and guiding restoration efforts, while also detecting remaining hazards such as unstable trees and compromised structures [3]. Group 2: Community and Recovery Efforts - The release of lidar data is seen as a critical step for public safety, enabling first responders, government planners, and businesses to make informed decisions based on detailed geographical information [4]. - The data is part of a broader initiative to develop effective plans for wildfire prevention, protection, mitigation, response, and recovery, highlighting the impact of extreme climate conditions on urban areas [3]. Group 3: Company Overview - NV5 Global, Inc. specializes in technology, certification, and consulting solutions for both public and private sector clients, focusing on utility services, infrastructure engineering, and geospatial services among others [5]. - The company operates over 100 offices nationwide and internationally, emphasizing its extensive reach and capability in supporting various sectors [5].
NV5 to Host Fourth Quarter and Full Year 2024 Conference Call on Thursday, February 20th at 4:30pm ET
Globenewswire· 2025-01-28 13:00
Core Viewpoint - NV5 Global, Inc. will announce its financial results for the fourth quarter ended December 28, 2024, on February 20, 2025, followed by an earnings conference call [1][2]. Group 1: Financial Results Announcement - The financial results will be disclosed after market close on February 20, 2025 [1]. - An earnings conference call will be hosted at 4:30 p.m. Eastern time on the same day [1][2]. - The call will include operational reports by segment leaders and a question and answer session [2]. Group 2: Conference Call Details - Toll-free dial-in number for the conference call is +1 (800) 715-9871, and the international dial-in number is +1 (646) 307-1963 [3]. - Participants are advised to join the call ten minutes early to avoid wait times [3]. - The conference call will be webcast live and available for replay on the NV5 website [3]. Group 3: Company Overview - NV5 Global, Inc. provides technology, certification, and consulting solutions for public and private sector clients [4]. - The company focuses on six business verticals: utility services, infrastructure engineering, conformity assessment, buildings & technology, environmental services, and geospatial services [4]. - NV5 operates from over 100 offices both domestically and internationally [4].
NV5 Awarded $4 Million New Zealand 3D Coastal Geospatial Mapping Contract; Accelerates International Expansion of Geospatial Services
Globenewswire· 2025-01-24 13:00
HOLLYWOOD, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has been awarded a $4 million contract to provide geospatial hydrographic data for approximately 20% of New Zealand’s coastline by Toitū Te Whenua Land Information New Zealand (LINZ), the public service department of New Zealand specializing in geographic information. This is the largest contract awarded for NV5’s international geospatial growth initiative and de ...
NV5 Enters Agreement to Acquire Group Delta; Strengthens Southern California Infrastructure Engineering, Testing, and Environmental Services
Newsfilter· 2025-01-13 13:00
Core Insights - NV5 has announced an agreement to acquire Group Delta, enhancing its capabilities in infrastructure engineering and environmental services [1][2] - The acquisition is expected to provide a competitive advantage in pursuing large-scale infrastructure projects in Southern California [3] - California's commitment to invest $180 billion in infrastructure improvements underscores the strategic importance of this acquisition [4] Company Overview - NV5 Global, Inc. specializes in technology, certification, and consulting solutions for both public and private sector clients, focusing on utility, infrastructure, and building assets [7] - Group Delta, founded in 1986, offers services in geotechnical engineering, environmental PFAS consulting, and materials testing, employing 100 professionals across multiple locations [6] Strategic Implications - The combined expertise of NV5 and Group Delta is positioned to address the growing demand for infrastructure improvements in California, particularly in water, electrical utility, and transportation sectors [3][4] - Group Delta's existing client relationships and service offerings will be expanded through NV5's comprehensive portfolio, enhancing overall service delivery [5]
NV5 Announces New Goal of $1.6 Billion in Revenues by 2028
Newsfilter· 2025-01-08 13:00
HOLLYWOOD, Fla., Jan. 08, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that the company entered 2025 with a budget exceeding $1 billion in gross revenues and has also announced a new goal to reach $1.6 billion in annual revenues by 2028. Dickerson Wright, PE, Executive Chairman of NV5, said, "NV5 has a proven track record of achieving ambitious growth targets throughout our history. We have achieved this impressive growth while exceeding in ...
NV5 Announces Appointment of Ben Heraud as New CEO; Dickerson Wright to Continue Role as Executive Chairman
Globenewswire· 2025-01-07 13:00
HOLLYWOOD, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, is pleased to report organizational changes to its executive leadership. These changes are meant to continue the success in growth and profitability of NV5. In March 2024, NV5 Founder, Dickerson Wright, was appointed as Executive Chairman of NV5. Mr. Wright will continue indefinitely in this role, in which he is responsible for strategic organic growth initiatives and mergers and acquis ...
NV5 Authorizes $20 Million Share Repurchase
Globenewswire· 2025-01-06 13:00
HOLLYWOOD, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it intends to repurchase up to $20 million of NV5’s common stock during the next open trading period. The repurchase is in accordance with the $100 million stock repurchase program that was previously approved by the NV5 Board of Directors. “This share repurchase program reflects NV5’s strong financial position and our anticipation of accelerated organic growth and ...