DISCLAIMER Dickerson Wright Chairman & CEO Edward Codispoti Chief Financial Officer Beyond engineering $2.93 - $3.33 2023 GAAP EPS G U I DA NC E DATA CENTERS & ACQUISITION OF RED TECHNOLOGIES | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------|--------------------------------------------------------|--------------------------------------------------------------------------------| | | | | | | | Q2 | Highlights & Opportun ...

And what I'd like to say, and you're going to see that in some concluding comments, I really look at the annual, I wish our business was linear, but I really look at the annual rate. I think that's in line. I think I agree with the business not being linear and focusing more on the full year numbers. I can say that from -- we tried to emphasize that the results we expect would be more weighted towards the second half of the year. And so although those revenues seem reasonable from an expense perspective Q2, ...

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 31, 2022 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 ...

Financial Data and Key Metrics Changes - The company reported a gross revenue increase of 11% to $786.8 million in 2022 from $706.7 million in 2021 [130] - Net income rose by 6% to $50 million in 2022 compared to $47.1 million in 2021 [130] - Adjusted EBITDA increased by 2% to $135.2 million in 2022 from $132.9 million in 2021 [130] - GAAP diluted earnings per share increased by 2% to $3.27 in 2022 from $3.22 in 2021, impacted by $5.6 million of acquisition-related costs [130] Business Line Data and Key Metrics Changes - The real estate transaction services experienced a significant drop due to increased interest rates, with a forecasted 7% decline in revenue for 2023 compared to 2022 [101][111] - The Geospatial services vertical showed strong growth, contributing to overall revenue despite challenges in other segments [126] - The company anticipates organic growth of 6% to 9% for 2023, supported by strong backlog and acquisitions [127] Market Data and Key Metrics Changes - The company noted a 14% degradation in the budget for interest rate-sensitive sectors, particularly affecting real estate and municipal services [25] - The backlog entering 2023 is approximately $800 million, reflecting work intended for the year [129] Company Strategy and Development Direction - The company is focusing on organic growth, mergers and acquisitions, and margin growth, setting revenue guidance for 2023 between $878 million and $950 million [3] - The acquisition of Axim and L3HARRIS is expected to enhance the company's Geospatial services and expand its market presence [82][128] - The company aims to support organic growth through initiatives in various sectors, including utility services and geotechnical expertise [45][47] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023, citing strong demand for infrastructure improvements and a growing population as key drivers [126][129] - The company is not heavily dependent on economic cycles, as most of its services support mandated infrastructure needs [64] - Management acknowledged challenges from rising interest rates but emphasized growth potential in other segments [126][128] Other Important Information - The company has a strong balance sheet with cash on hand of $38.5 million and net leverage down to 0.2x [105] - The company is actively pursuing additional acquisitions to strengthen its service offerings and market position [128] Q&A Session Summary Question: What is the guidance based on regarding the economic environment? - Management indicated that the guidance is based on current expectations and is not heavily dependent on economic cycles, focusing instead on infrastructure needs [64][87] Question: Can you elaborate on the interest rate impact on your business? - Management noted that interest rate increases have affected real estate transaction services and municipal services, leading to a forecasted decline in those areas [25][111] Question: What are the expectations for adjusted EBITDA growth? - Management expects adjusted EBITDA growth to align closely with revenue growth, anticipating a significant increase in profitability in 2023 [133]

2022 STRATEGIC ACQUISITIONS TO STRENGTHEN PLATFORM | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------| | Infrastructure | Building, Technology & Sciences | Geospatial S ...

Financial Data and Key Metrics Changes - The company achieved gross revenues of $204 million, a 10% increase compared to $185.6 million in Q3 2021 [18] - Net income increased by 28% to $16.1 million from $12.6 million in the same quarter last year [18] - Adjusted EBITDA rose 4% to $36 million from $34.7 million year-over-year [19] - Adjusted EPS grew 20% to $1.50 per share from $1.25 per share in Q3 2021 [19] - Cash flows from operations increased by 65% to $26.1 million from $15.8 million in Q3 2021 [19] - The company's cash increased to $54.2 million from $48 million at the beginning of the year, while debt decreased to $84.2 million from $135.2 million [20] Business Line Data and Key Metrics Changes - Exceptional organic growth was noted in Geospatial Services and the building technology vertical [8] - Geospatial Services secured a record $99 million in new contracts, a significant increase from the previous record of $65 million [12] - The utility and commercial sector of Geospatial Services is expected to drive revenue growth through organic expansion [12] Market Data and Key Metrics Changes - The company reported a backlog of $761 million, representing over 80% of planned budget activity [15] - Federal and state government services grew by 36% compared to the same period in 2021 [12] Company Strategy and Development Direction - The company is focusing on sustainable growth through four pillars: enhancing technology, driving M&A activity, and adding scalability and synergies [13] - The company is actively pursuing M&A opportunities, having acquired KMK Technologies to strengthen its building technology vertical [9] - The company aims to maintain a strong balance sheet with minimal debt, allowing for opportunistic growth without reliance on leverage [86] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth driven by increased infrastructure spending and utility services [23] - The company reaffirmed its full-year 2022 guidance for gross revenues of $795 million to $815 million and adjusted EPS of $5.43 to $5.82 [24] - Management anticipates at least 5% organic growth for 2023, with potential contributions from acquisitions [26][39] Other Important Information - The company is experiencing a softening in its real estate transaction business due to rising interest rates [55] - Management highlighted the importance of analytics in Geospatial Services as a differentiator from competitors [30] Q&A Session Summary Question: What is the organic growth versus M&A split for 2022? - Management anticipates at least 5% organic growth, not including potential acquisitions [26] Question: Can you elaborate on the Geospatial business growth? - Management noted that integration with the core utility business and analytics capabilities are driving growth [30] Question: What is the outlook for federal and state activity in Geospatial? - Management indicated that delayed defense projects are starting to recover, contributing to growth [32] Question: How is the utility services business performing? - A recent $60 million LNG contract was highlighted, with increasing utility conversions to LNG expected [35] Question: What is the expected EBITDA growth in Q4? - Management expects to normalize margins in Q4 after a temporary impact in Q3 [49] Question: What areas of the portfolio are lagging? - The real estate transaction business is experiencing softening due to rising interest rates [55] Question: What is the acquisition landscape like? - Management noted a robust pipeline of acquisition opportunities, focusing on technology and enhancing existing platforms [79]

NV5 Global, Inc. (NASDAQ:NVEE) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Richard Tong - EVP & General Counsel Dickerson Wright - Chairman & CEO Edward Codispoti - CFO Mark Abatto - President & COO, Geospatial Solutions Alexander Hockman - President, COO & Director Conference Call Participants Andrew Wittmann - Robert W. Baird & Co. Christopher Moore - CJS Securities Robert Brown - Lake Street Capital Markets Jeffrey Martin - ROTH Capital Partners Marc Riddick - Sidoti & ...

NV5 Global, Inc. (NASDAQ:NVEE) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Dickerson Wright - Chairman and CEO Edward Codispoti - Chief Financial Officer Richard Tong - Executive Vice President and General Counsel Mark Abatto - President and Chief Operating Officer, NV5 GeoSpatial Conference Call Participants Andy Wittmann - Baird Jeff Martin - ROTH Capital Partners Chris Sakai - Singular Research Rob Brown - Lake Street Capital Markets Marc Riddick - Sidoti Operator Good af ...

the program and FIRST QUARTER 2022 RESULTS May 5, 2022 Delivering Solutions Improving Lives 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 and ...

0 Delivering Solutions Improving Lives FULL-YEAR & FOURTH QUARTER 2021 RESULTS February 28, 2022 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 ...