HOLLYWOOD, Fla., Dec. 23, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $5 million, five-year contract by the Georgia Department of Transportation (GDOT) to lead the Watkinsville Bypass project connecting SR 24 and SR 15 in Oconee County, Georgia. NV5 will deliver a full suite of services, including geomatics, environmental studies, roadway and bridge design, hydraulic and hydrological analysis, traffic and ...

HOLLYWOOD, Fla., Dec. 19, 2024 (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 over $7 million in infrastructure design contracts by the City of Philadelphia, with projects expected to be completed by 2028. These projects will enhance the city’s commitment to creating more resilient and sustainable communities while improving safety and quality of life for its reside ...

HOLLYWOOD, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- NV5, a provider of technology, certification, and consulting solutions, announced today that it has entered an agreement to acquire Global Fire Protection Group (Global FPG), a provider of fire safety engineering, inspection, and consulting services. Founded in 2014, Global FPG is licensed to deliver fire services in all 50 U.S. states and eight Canadian provinces, and it has completed projects in 39 countries. The acquisition was made with a combination of ...

Core Insights - NV5 has been awarded $10 million in contracts by the U.S. Geological Survey (USGS) to provide high-precision geospatial services, supporting essential geological research and the Earth Mapping Resources Initiative (Earth MRI) program [1][2] - The contracts aim to identify and manage critical minerals in the U.S., addressing the growing demand for these resources to support energy independence [1][2] Group 1: Contract Details - NV5 will acquire and process high-precision magnetic and radiometric data across 11,100 square miles in Western Texas, including Big Bend National Park and key critical mineral regions [2] - A high-precision magnetic and radiometric survey will also be conducted over 7,300 square miles in New Mexico [2] - In Michigan, NV5 will perform a high-resolution geophysical survey using electromagnetic and magnetic data to assess critical mineral potential in Lake Superior [3] Group 2: 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, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services [4] - The company operates from over 100 offices nationwide and internationally [4]

NV5 Global (NVEE) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.22%. A quarter ago, it was expected that this engineering services provider would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise.Over the last four quarters, the ...

Core Viewpoint - NV5 Global, Inc. reported record financial results for Q3 2024, driven by strong organic growth and achieving an annual revenue run rate exceeding $1 billion [2][3]. Financial Performance - Gross revenues for Q3 2024 increased by 6% to $250.9 million from $237.5 million in Q3 2023, with gross profit rising by 13% to $129.5 million, resulting in a gross margin expansion of 350 basis points to 51.6% [3]. - Net income grew by 31% to $17.1 million from $13.1 million in Q3 2023, with GAAP EPS increasing by 29% to $0.27 per share from $0.21 per share [4]. - Cash flows from operating activities surged by 145% to $48.9 million from $19.9 million in Q3 2023 [4]. Adjusted Metrics - Adjusted EBITDA rose by 21% to $44.5 million from $36.7 million, with an Adjusted EBITDA margin expanding to 17.7% from 15.4% in the prior year [5]. - Adjusted EPS increased by 22% to $0.44 per share compared to $0.36 per share in Q3 2023 [5]. Revenue Guidance - The company updated its full-year 2024 guidance, projecting gross revenues between $939 million and $943 million, with GAAP EPS expected to be between $0.48 and $0.54 per share [10]. Backlog and Market Position - NV5 enters Q4 2024 with a record backlog and significant industry investments, anticipating strong growth for the remainder of 2024 and into the new year [2]. Prior Period Adjustments - The company identified out-of-period project revenue adjustments related to a customer acquired in February 2023, leading to revisions in previously reported financial results for Q3 2023 and other periods [6][7]. Company Overview - NV5 Global, Inc. provides technology, conformity assessment, consulting solutions, and software applications, focusing on sustainable infrastructure and various verticals including construction quality assurance and environmental health sciences [17].

Core Viewpoint - NV5 Global (NVEE) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the earnings report set to be released on October 30, 2024 [1][2] Group 1: Earnings Expectations - The consensus estimate for NV5's quarterly earnings is $0.45 per share, reflecting an 18.4% increase year-over-year [2] - Revenues are anticipated to reach $250.5 million, which is a 4.7% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.32% higher in the last 30 days, indicating a positive reassessment by analysts [3] - NV5's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +18.44%, suggesting a bullish outlook from analysts [6] Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - NV5 currently holds a Zacks Rank of 3, which, combined with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [6] Group 4: Historical Performance - In the last reported quarter, NV5 met the expected earnings of $0.31 per share, resulting in no surprise [7] - Over the past four quarters, NV5 has only beaten consensus EPS estimates once [7] Group 5: Market Reaction Considerations - An earnings beat or miss may not solely dictate stock price movement, as other factors can influence investor sentiment [8] - Despite the potential for an earnings beat, it is essential to consider additional factors before making investment decisions regarding NV5 [8]

NV5 Global (NVEE) came out with quarterly earnings of $1.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this engineering services provider would post earnings of $0.85 per share when it actually produced earnings of $0.66, delivering a surprise of -22.35%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. NV5, which ...

HOLLYWOOD, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq GS: NVEE) ("NV5" or the "Company"), a provider of technology, conformity assessment, consulting solutions, and software applications, today reported financial results for the second quarter ended June 29, 2024. "NV5 continued to build upon its positive momentum in the second quarter, delivering strong organic growth and profitability. We are well-positioned to meet the expected increase in demand for our services in the second half ...

HOLLYWOOD, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq GS: NVEE) ("NV5" or the "Company"), a provider of technology, conformity assessment, consulting solutions, and software applications, today reported financial results for the second quarter ended June 29, 2024. "NV5 continued to build upon its positive momentum in the second quarter, delivering strong organic growth and profitability. We are well-positioned to meet the expected increase in demand for our services in the second half ...