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Bowman(BWMN) - 2025 Q2 - Earnings Call Presentation
2025-08-07 13:00
Financial Performance - Gross Contract Revenue increased by 17% year-over-year, reaching $122.1 million in Q2 2025 compared to $104.5 million in Q2 2024 [11, 12] - Net Service Billing grew by 15% year-over-year, amounting to $108.0 million in Q2 2025 versus $94.0 million in Q2 2024 [11, 12] - Adjusted EBITDA saw a significant increase of 51% year-over-year, reaching $20.2 million in Q2 2025 compared to $13.4 million in Q2 2024 [11, 12] - Adjusted EBITDA Margin improved to 18.7% in Q2 2025, a 440 basis point increase from 14.3% in Q2 2024 [11, 12] - Net Income increased by 386%, reaching $6.0 million in Q2 2025 compared to a loss of $2.1 million in Q2 2024 [12] - Organic Net Service Billing grew by 8.4% year-over-year [11] Backlog and Capital Allocation - Gross Backlog increased by 25% year-over-year, reaching $438 million in Q2 2025 compared to $351 million in Q2 2024 [11, 19] - The company repurchased $6.7 million of common stock in Q2 and has a remaining $25 million repurchase plan approved [22] - The company established a $25 million Bowman Innovative Growth Fund (BIG Fund) [22] Guidance - The company raised its FY 2025 Net Revenue guidance to $430 - $442 million and Adjusted EBITDA guidance to $71 - $77 million [31]
Bowman Consulting Group (BWMN) 2025 Earnings Call Presentation
2025-06-25 08:07
Financial Performance & Growth - Bowman's Gross Revenue increased from $122 million in 2020 to $427 million in 2024[10] - Net Service Billing grew from $104 million in 2020 to $380 million in 2024[10] - Adjusted EBITDA increased from $14 million in 2020 to $60 million in 2024[10] - Adjusted EBITDA Margin, Net increased from 13% in 2020 to 16% in 2024[10] - First Quarter 2025 saw a 19% YoY growth in Gross Contract Revenue and 17% YoY growth in Net Service Billing[24] - First Quarter 2025 Adjusted EBITDA grew by 20% YoY[24] Backlog & Visibility - Gross Backlog has shown consistent growth, reaching $419 million in 1Q25, compared to $330 million in 1Q24, a 39% increase[35] Capital Allocation & Strategy - The company purchased $6.7 million of common stock in Q1 and continued buybacks into Q2 of $5.3 million as of 05/02/25[38] - Bowman has completed 35+ acquisitions since IPO[11] - Since 2021, Bowman has added >$60 million of annualized net service billing from acquisitions each year[44] 2025 Guidance - The FY 2025 Net Revenue guidance is $428 - $440 million and Adjusted EBITDA guidance is $70 - $76 million[48]
Bowman(BWMN) - 2025 Q1 - Earnings Call Presentation
2025-05-07 12:15
Financial Performance - Gross Contract Revenue increased by 19% year-over-year, reaching $112.9 million in Q1 2025 compared to $94.9 million in Q1 2024 [12] - Net Service Billing grew by 17% year-over-year, amounting to $100.1 million in Q1 2025 from $85.7 million in Q1 2024 [12] - Adjusted EBITDA increased by 20% year-over-year, reaching $14.5 million in Q1 2025 compared to $12.1 million in Q1 2024 [12] - Adjusted EPS (basic) was $0.07 in Q1 2025, compared to $0.22 in Q1 2024 [12] - The company purchased $6.7 million of common stock in Q1 [19] Backlog and Growth - Backlog grew by 30% year-over-year [11] - Organic Net Service Billing grew by 6% year-over-year [11] - Gross Backlog reached $419 million in Q1 2025, compared to $330 million in Q1 2024 [21] Revenue Composition and Guidance - Building Infrastructure accounted for 50% of Gross Revenue with a 5.9% year-over-year increase [28] - Transportation accounted for 21% of Gross Revenue with a 29.9% year-over-year increase [28] - Power, Utilities & Energy Services accounted for 19% of Gross Revenue with a 16.1% year-over-year increase [28] - The company maintains FY 2025 Net Revenue guidance of $428 million to $440 million and Adjusted EBITDA guidance of $70 million to $76 million [32]