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Bowman Consulting Group (BWMN) FY Earnings Call Presentation
2025-06-25 08:09
Financial Performance & Growth - 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] - Q1 2025 saw a 19% YoY growth in Gross Contract Revenue and 17% YoY growth in Net Service Billing[24] - Adjusted EBITDA for Q1 2025 grew by 20% YoY[24] Backlog & Market Diversification - Gross Backlog increased significantly, reaching $419 million in Q1 2025, compared to $330 million in Q1 2024, a 39% increase[35] - Transportation accounted for 33% and Building Infrastructure for 39% of the Gross Backlog Mix in Q1 2025[35] - Building Infrastructure accounted for 56% of Organic Net Revenue by Market in Q1 2025, with Transportation, Power & Utilities, and Emerging Markets accounting for 19%, 19%, and 6% respectively[30] Capital Allocation & Strategy - Purchased $6.7 million of common stock in Q1 and continued buybacks into Q2 with $5.3 million as of May 2, 2025[38] - The company had 17.2 million shares outstanding on May 2, 2025[38] FY 2025 Guidance - The company projects Net Revenue between $428 million and $440 million and Adjusted EBITDA between $70 million and $76 million for FY 2025[48]