NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Richard Tong - Director, EVP & General CounselDickerson Wright - Executive ChairmanBen Heraud - CEOEdward Codispoti - CFOAlexander Hockman - President & CEO - InfrastructureAndrew Chang - COO - Buildings & TechnologyKurt Allen - President of GeospatialSam Kusswurm - Equity Research Associate Conference Call Participants Chris Moore - Senior AnalystRob Brown - Founding Partner & Senior Research AnalystAndrew Wittmann - Seni ...

NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss NV5's financial results for the first quarter twenty twenty five ended 03/29/2025. Joining us today are Dickerson Wright, Executive Chairman of NV5 Ben Hurad, CEO of NV5 Edward Codispoti, CFO of NV5 and Richard Tong, Executive Vice President and General Counsel at NV5. I would now like to turn the call over to Richard Tong. Speaker1 Thank y ...

Core Viewpoint - Standex International Corporation reported strong financial results for the third quarter of fiscal year 2025, with record sales and operating margins, driven by acquisitions and solid performance in core businesses [1][3]. Financial Performance - Net sales increased to $207.8 million, a 17.2% year-over-year increase from $177.3 million [2]. - Operating income on a GAAP basis rose to $26.3 million, up 20.2% from $21.8 million [2]. - Adjusted operating income increased to $40.3 million, reflecting a 37.3% year-over-year growth [2]. - Net income from continuing operations on a GAAP basis was $21.9 million, a 37.6% increase from $15.9 million [2]. - Diluted EPS on a GAAP basis was $1.81, up 35.4% from $1.35 [2]. Segment Performance - Electronics segment revenue reached $111.3 million, a 38.4% increase year-over-year, with a GAAP operating income of $25.5 million [6][7]. - Engraving segment revenue decreased by 15.7% to $30.6 million, primarily due to softness in North America [10][17]. - Scientific segment revenue increased by 8.1% to $18.3 million, benefiting from the Custom Biogenic Systems acquisition [12]. - Engineering Technologies segment revenue grew by 36.2% to $27.4 million, driven by the McStarlite acquisition and organic growth [14]. - Specialty Solutions segment revenue decreased by 13.9% to $20.2 million, reflecting market softness [16]. Strategic Initiatives - The company launched three new products in the third quarter, achieving a total of 13 year-to-date, contributing over 2% to incremental sales [3]. - Standex is focused on managing costs and productivity while investing in strategic growth priorities [3]. - The acquisition of McStarlite is expected to be accretive to earnings in the first year and enhances capabilities in commercial aviation, space, and defense [3]. Outlook - For the fourth quarter of fiscal 2025, the company anticipates slightly to moderately higher revenue and adjusted operating margins, driven by recent acquisitions and pricing initiatives [4][9].

HOLLYWOOD, Fla., May 01, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq GS: NVEE) ("NV5" or the "Company"), a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment, today reported financial results for the first quarter ended March 29, 2025. "NV5 delivered strong first quarter results for revenue and profitability, positioning us for an excellent 2025. Gross revenues increased 10% over the first quarter of 20241, representing 5% organic grow ...

Built on the ESRI ArcGIS® platform, the computerized asset management system solution will help streamline maintenance for the third busiest airport in California.SAN DIEGO, May 1, 2025 /PRNewswire/ -- The San Diego County Regional Airport Authority has selected Woolpert to implement the Trimble Unity Maintain™ enterprise asset management system for San Diego International Airport (SAN).Under the contract, Woolpert will provide implementation, configuration, training, maintenance, and technical support serv ...

Agco (AGCO) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $2.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1,266.67%. A quarter ago, it was expected that this farm equipment maker would post earnings of $1.80 per share when it actually produced earnings of $1.97, delivering a surprise of 9.44%.Over the last four quarters, the comp ...

Quanta Services (PWR) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.23%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $2.64 per share when it actually produced earnings of $2.94, delivering a surprise of 11.3 ...

Financial Data and Key Metrics Changes - The company reported revenues of $6.2 billion, net income attributable to common stock of $144 million, or $0.96 per diluted share, and adjusted diluted earnings per share of $1.78 [10] - Adjusted EBITDA was $504 million, representing 8.1% of revenues [10] - The company generated cash flow from operations of $243 million and free cash flow of $118 million, which included a $109 million tax payment deferred from 2024 [10] - The company increased its full-year 2025 expectations for revenue by $100 million, adjusted EBITDA by $10 million, and adjusted earnings per share by $0.05 [12] Business Line Data and Key Metrics Changes - The company emphasized its core strategy built on craft skill labeling, execution certainty, and strategic investments in talent and technology [6][7] - The company highlighted robust demand for resilient electric grids, power generation, and energy infrastructure, indicating a strong growth trajectory across its business lines [8][9] Market Data and Key Metrics Changes - Utilities in the United States are experiencing significant increases in power demand driven by new technologies, including data centers and artificial intelligence [9] - The company believes this demand surge could lead to the largest investment in high voltage transmission infrastructure in a generation [9] Company Strategy and Development Direction - The company aims to reinforce its leadership position through a diversified solution-based strategy that integrates craft labor with engineering and technology [7] - The company is focused on delivering comprehensive infrastructure solutions and creating deeper strategic relationships with customers [8] - The management expressed confidence in navigating periods of uncertainty and emerging stronger due to its financial liquidity and strategic execution [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the energy and infrastructure landscape is undergoing a fundamental transformation, positioning the company at its center [8] - The company is proactively collaborating with customers to provide supply chain solutions focused on cost optimization and growth [13] - Management remains confident in the multiyear compound annual growth rate (CAGR) expectations for renewable energy generation and storage [14] Other Important Information - The company repurchased approximately $135 million of its common stock, with $365 million remaining under its existing repurchase authorization [14] - The company received credit upgrades from S&P Global Ratings, which are expected to lower borrowing costs and expand liquidity [12] Q&A Session Summary Question: Impact of Long Island Power Authority's decision on guidance - Management indicated that the decision was not anticipated in their guidance [25][26] Question: Expansion of high voltage transmission projects - Management confirmed ongoing firm demand for transmission projects and expects continued backlog growth despite macro uncertainties [30][34] Question: Impact of tariffs on customers - Management stated that they have not seen significant impacts from tariffs within their customer base and believe their portfolio can weather potential disruptions [39][40] Question: Status of interconnection work and backlog - Management noted steady growth in construction starts for renewables and expressed confidence in their backlog [49][50] Question: Strategic benefits from supply chain access - Management highlighted the importance of internal supply chain capabilities and their ability to provide better solutions to clients [90][91] Question: Growth in data centers and underground business - Management acknowledged opportunities in large diameter pipe and natural gas projects, indicating a positive outlook for these segments [132]

Investment Rating - The report assigns an "Overweight" rating to the company with a target price of RMB 22.68, compared to the current price of RMB 19.40 [3]. Core Insights - The company is at an inflection point of cyclicality improvement in the domestic engineering machinery sector, with expectations of structural improvement in overseas markets. The company is anticipated to see valuation improvement due to its strong product capabilities and global competitiveness [5][12]. - The company's revenue for 2024 is reported at RMB 78.383 billion, reflecting a year-on-year increase of 5.90%, with a net profit attributable to shareholders (NPAtS) of RMB 5.975 billion, up 31.98% year-on-year [5][6]. - The operating cash flows reached a record high of RMB 14.814 billion, marking a significant increase of 159.53% year-on-year [5][6]. Earnings Forecast and Valuation - The earnings per share (EPS) estimates for 2025 and 2026 have been raised to RMB 0.99 and RMB 1.21, respectively, with a projected EPS of RMB 1.38 for 2027. The price-to-earnings (PE) ratio for 2025 is set at 23x, which is above the industry average of 16.83x [5][12]. - The company’s gross profit margin (GPM) for 2024 is reported at 26.43%, with a net profit margin (NPM) of 7.83%, an increase of 1.54 percentage points year-on-year [5][6]. Operational Performance - The company has maintained high-quality development with improved risk control and operational quality. It ranks first in domestic market share for key products such as excavating machinery and concrete machinery [7]. - The international market has shown strong growth, with overseas revenue reaching RMB 48.513 billion, a year-on-year increase of 12.15% [7]. Financial Summary - The balance sheet shows total assets of RMB 152.145 billion for 2024, with owners' equity at RMB 71.953 billion and a net debt ratio of -13.67% [4][8]. - The company’s revenue is projected to grow to RMB 101.877 billion by 2027, with NPAtS expected to reach RMB 11.671 billion [6][8].

Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as " ...