Bowman(US:BWMN)2025-05-07 12:15Financial 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]