NV5 Global Inc
NASDAQ:NVEE
NV5 Global Inc
NV5 Global Inc. is a prominent player in the global engineering and consulting services landscape, transforming its foundational expertise into a comprehensive suite of solutions that cater to an ever-evolving marketplace. Originally established with a focus on engineering and consulting, NV5 strategically expanded its reach to encompass a diverse portfolio that includes infrastructure, construction quality assurance, energy, program management, and environmental services. The company's ability to adapt and integrate advanced technologies into its operations is a significant aspect of its success, allowing it to serve a wide array of clients ranging from public agencies to private enterprises. This adaptability not only enhances NV5's ability to deliver high-quality, tailored services but also strengthens its competitive position in a crowded industry.
The firm generates its revenue through a multifaceted approach that combines organic growth with strategic acquisitions. NV5 has adeptly leveraged its resources to expand both domestically and internationally, ensuring a steady stream of contracts by fulfilling critical infrastructure needs. Its business model revolves around providing end-to-end solutions, guiding projects from concept through to completion. By offering such an extensive range of services, NV5 maintains a robust pipeline of projects across various sectors, ensuring a consistent cash flow. This focus on diversification and integration has been central to NV5's growth narrative, cementing its status as a forward-thinking leader in the engineering and consulting industries.
NV5 Global Inc. is a prominent player in the global engineering and consulting services landscape, transforming its foundational expertise into a comprehensive suite of solutions that cater to an ever-evolving marketplace. Originally established with a focus on engineering and consulting, NV5 strategically expanded its reach to encompass a diverse portfolio that includes infrastructure, construction quality assurance, energy, program management, and environmental services. The company's ability to adapt and integrate advanced technologies into its operations is a significant aspect of its success, allowing it to serve a wide array of clients ranging from public agencies to private enterprises. This adaptability not only enhances NV5's ability to deliver high-quality, tailored services but also strengthens its competitive position in a crowded industry.
The firm generates its revenue through a multifaceted approach that combines organic growth with strategic acquisitions. NV5 has adeptly leveraged its resources to expand both domestically and internationally, ensuring a steady stream of contracts by fulfilling critical infrastructure needs. Its business model revolves around providing end-to-end solutions, guiding projects from concept through to completion. By offering such an extensive range of services, NV5 maintains a robust pipeline of projects across various sectors, ensuring a consistent cash flow. This focus on diversification and integration has been central to NV5's growth narrative, cementing its status as a forward-thinking leader in the engineering and consulting industries.
Record Revenues: NV5 reported record first quarter gross revenues of $234 million, up 10% from last year, exceeding internal budget expectations.
Organic Growth: Organic revenue growth was 5% in Q1, with full-year guidance raised to 5–9% organic growth.
Profitability: Net income increased to $428,000, and gross profit rose 10% to $123.2 million. Adjusted EBITDA grew 8% to $29.7 million.
Strong Cash Flow: Cash flow from operations was $38.4 million, up 96% year-over-year, with an adjusted EBITDA conversion rate of 129%.
Segment Strength: Infrastructure segment grew 12% and Buildings & Technology segment grew 17%. Geospatial segment showed slower growth due to federal contract delays but is expected to accelerate.
Margin Initiatives: NV5 is implementing cost and efficiency measures targeting a 150 basis point margin expansion in 2025.
Strategic Acquisitions: Three acquisitions were completed in Q1, supporting organic growth and cross-selling.
Guidance Reaffirmed: Full-year 2025 guidance is reaffirmed: $1.026–$1.045 billion in gross revenues and $0.52–$0.62 EPS.
