For over 20 years, myBIMteam has helped building owners and architects increase building productivity and efficiency utilizing the latest building digitization technology. MyBIMteam's experienced architects and BIM specialists deliver BIM support and management, reality capture, laser scanning, and digital twins to support facility owners and managers throughout the entire building lifecycle. For additional information, please visit www.mybimteam.com. About NV5 NV5 Global, Inc. (NASDAQ:NVEE) is a provider o ...

NV5 Global (NVEE) closed the last trading session at $94.75, gaining 1.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $124.40 indicates a 31.3% upside potential. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wonderin ...

Investors looking for stocks in the Technology Services sector might want to consider either NV5 Global (NVEE) or Palantir Technologies Inc. (PLTR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate ...

NV5 Global (NVEE) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.35%. A quarter ago, it was expected that this engineering services provider would post earnings of $1.22 per share when it actually produced earnings of $1.14, delivering a surprise of -6.56%.Over the last four quar ...

Our accelerated organic growth initiative has resulted in 8% organic growth for the quarter. We have completed four acquisitions in 2024 to date, enhancing our Florida operations, structural and forensics engineering, geospatial DOT asset management, and engineering solutions for Middle East mega projects. The M&A pipeline is strong, and we anticipate completing additional acquisitions throughout 2024 to densify our existing platform and enhance the tech-enabled solutions that have become a cornerstone of N ...

HOLLYWOOD, Fla., May 08, 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 first quarter ended March 30, 2024. "NV5 delivered strong first quarter results in revenue and profitability, exceeding our budget and analyst consensus for revenue and growing cash flows from operations 73% versus the first quarter of 2023. The company is seein ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35849 NV5 Global, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 45-3458017 | | --- | --- | --- | | (State or other ...

NV5 ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS; ISSUES FULL YEAR 2024 GUIDANCE Hollywood, FL – February 22, 2024 – 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 30, 2023. "NV5 delivered strong results in the fourth quarter and 14% growth over the same period in 2022, despite headwinds from continuing resolu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35849 _________________ ...

Financial Data and Key Metrics - Gross revenues for Q3 2023 were $239.3 million, up from $204.1 million in Q3 2022, driven by organic growth and acquisitions [54] - Gross profit increased by $15.5 million (15.5%) to $115.4 million compared to Q3 2022 [54] - Net income decreased by $2.7 million to $13.3 million, impacted by higher amortization and interest expenses [54][55] - Adjusted EBITDA was $37.8 million, up from $36 million in Q3 2022, despite project cycles in the LNG business and VIS acquisition pre-integration [66] - Backlog grew to $833 million, representing work planned for the next 12 months [53] Business Line Data and Key Metrics - **Infrastructure Group**: Grew 14% organically in key geographic areas like New York [33] - **LNG Business**: Grew 33% organically over Q3 2022, with strong demand for peak shaping facilities [45][104] - **Geospatial Services**: Year-to-date total growth of 69%, with 7% organic growth, driven by acquisitions like Axim and L3Harris [36] - **Buildings and Technology**: International mission-critical opportunities grew 44%, with 12% organic growth in Q3 2023 [30] - **Utility Services**: 21% organic growth, driven by substation and grid optimization projects [44] Market Data and Key Metrics - **International Growth**: Expansion into Japan and South Korea, with strong traction in mission-critical data centers [23] - **Domestic Growth**: Strong performance in New York and other key regions, with infrastructure projects benefiting from federal funding [33][92] - **Casino and Hospitality Sector**: Reopening post-COVID has driven spending, with new design projects in Macau [24] Company Strategy and Industry Competition - Focus on diversification across sectors to mitigate downturns, with stable revenue and minimal leverage [148] - Expansion into subscription-based and recurring revenue models, particularly in Geospatial and Technology services [129] - Strategic acquisitions like Red Technologies and L3Harris to enhance capabilities and client base [26][52] - Emphasis on technology as a competitive edge, with investments in software and advanced imaging solutions [141] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about 2024, with a strong backlog and recurring revenue streams driving growth [89][124] - Interest rate increases have impacted private sector development, but infrastructure projects remain stable due to federal funding [92] - LNG business is expected to remain strong, with high demand for peak shaping facilities [104] - Geospatial business is poised for organic growth acceleration in 2024, driven by strong bookings and backlog [116] Other Important Information - The company has $46.4 million in cash on hand and a net leverage of 1.3x, positioning it well for future growth [56] - Integration of acquisitions like Axim and L3Harris is nearly complete, with CRM integration expected by Q1 2024 [38] - The company is targeting $1 billion in revenue by the end of 2024, driven by organic growth and strategic acquisitions [124] Q&A Session Summary Question: Drivers behind the fiscal 2023 guidance revision - The revision is due to project delays in the Geospatial group and timing of acquisitions, with some expected to extend into 2024 [71] Question: Impact of interest rates on infrastructure work - Infrastructure projects have not been significantly impacted by interest rates, but private sector development has seen delays [46] Question: Growth outlook for the utility business - The utility business is expected to grow, driven by opportunities in power distribution and delivery, with no slowdown observed [84][100] Question: Gross margin dynamics and outlook - Gross margins are influenced by project cycles and labor costs, with some variability expected quarter-to-quarter [79] Question: LNG business growth and project completions - The LNG business is expected to remain strong, with growth driven by engineering and procurement phases, though construction cycles may cause lumpiness [104][114] Question: Geospatial organic growth acceleration in 2024 - Strong bookings and backlog in Geospatial are expected to drive organic growth acceleration in 2024 [116] Question: Impact of Orsted's offshore wind project cancellations - The company has limited exposure to Orsted's projects, with most work focused on North Carolina and not directly impacted by the cancellations [122]