Bowman Consulting Group Ltd. Stock Price, News & Analysis

Bowman Consulting Group (NASDAQ: BWMN) has secured a significant contract with the U.S. Geological Survey (USGS) for aerial lidar data collection under the 3D Elevation Program (3DEP). The project, in partnership with Merrick & Company, covers over 8,800 square miles across Georgia, Tennessee, Alabama, and South Carolina regions affected by Hurricane Helene.

Bowman will lead aerial acquisition and lidar processing, while Merrick handles project management and quality control. The company has already processed over 150,000 square miles of lidar data under GPSC4, being one of only 10 approved contractors for USGS GPSC4. The partnership will continue providing geospatial services through 2026, with additional task orders expected this fiscal year.

Bowman Consulting Group (NASDAQ: BWMN) has announced a strategic acquisition of e3i Engineers, a Boston-based firm specializing in data center design and energy infrastructure. The acquisition significantly enhances Bowman's capabilities in data center engineering, particularly for AI-enabled and high-density environments.

e3i Engineers brings impressive credentials with over 3.2 million square feet of designed data center space and expertise in advanced cooling technologies. The deal, financed through a mix of cash, seller notes, and a convertible note, is expected to generate an annualized net service billing run rate of approximately $2.0 million.

The acquisition strengthens Bowman's technical offerings in mission-critical infrastructure, particularly in emerging technologies like direct-to-chip cooling and low-carbon energy systems.

Bowman Consulting Group (NASDAQ: BWMN) has secured a Phase II contract extension with the USDA-FPAC to provide aerial acquisition and orthoimagery services for the National Resource Inventory (NRI) program. The project covers approximately 11.2 million acres across the United States, surveying about 70,000 sites averaging 160 acres each.

The company's proprietary sensor technologies and processing techniques have enhanced capture rates, image resolution, and delivery timelines for the USDA NRI program. This continuation builds upon Bowman's successful completion of the initial task order in 2024 and their long-standing relationship with the USDA.

Bowman Consulting Group (NASDAQ: BWMN) has secured a $1.5 million contract to lead a $24 million municipal water system upgrade project in Del Norte, Colorado. The project, which builds on a 10-year relationship with the town, involves replacing 57,000 linear feet of pipeline, 790 service lines, 50 fire hydrants, and various valves in a system over 60 years old. As lead engineer, Bowman will provide full design, construction administration, and inspection services. The company sees this as a strategic opportunity in the growing water infrastructure market, where the EPA projects over $625 billion in investment needs over the next two decades. The project showcases Bowman's capability to handle large-scale public infrastructure projects and builds on their previous work with Del Norte, including roadway improvements and downtown beautification.

Bowman Consulting Group (NASDAQ: BWMN) has announced a new $25 million share repurchase program authorized by its Board of Directors. The program, which will commence on June 9, 2025, replaces the company's current repurchase authorization ending June 6, 2025. The repurchase program will run for 12 months, with management having discretion over timing and amount based on factors including share price and market conditions. Shares may be repurchased through open market purchases, private transactions, or other means, including Rule 10b5-1 trading plans. While implementing this program, Bowman emphasizes its continued focus on organic and acquisitive growth strategies. The company maintains flexibility with no obligation to purchase a specific number of shares, and the program can be suspended or modified at any time.

Bowman Consulting Group (NASDAQ: BWMN) will celebrate its 30th anniversary by ringing the Nasdaq Stock Market opening bell on June 9, 2025. Founded in 1995 as a small civil engineering firm, Bowman has evolved into a national engineering and project management company with a comprehensive multidisciplined portfolio. Since its IPO on Nasdaq in May 2021, the company has executed a strategic growth plan resulting in significant expansion through more than 35 acquisitions and quadrupled revenue. CEO Gary Bowman and the leadership team will participate in the ceremonial bell ringing at the Nasdaq MarketSite in Times Square, marking this milestone achievement in the company's journey from a local firm to a major national engineering services provider.

Bowman Consulting Group (NASDAQ: BWMN) announced significant leadership changes following its 2025 Annual Meeting. The company has decided to split the chairman and CEO roles, with independent director James Laurito elected as Chair of the Board, while founder Gary Bowman continues as CEO. The board also made committee reassignments, with Patricia Mulroy becoming chair of the Compensation Committee. Stockholders re-elected Gary Bowman and Stephen Riddick as directors for three-year terms until 2028. Laurito, who joined Bowman's board in 2021, brings extensive executive experience from his roles at Fortis Inc. and various energy companies. The company also ratified Ernst & Young LLP as their independent registered public accounting firm for fiscal year 2025.

Bowman Consulting Group (NASDAQ: BWMN), a national engineering services and program management firm, has announced its participation in two upcoming investor conferences in June 2025. The company will attend the Stifel 2025 Cross Sector 1x1 Conference in Boston on June 3-4, and the 15th Annual ROTH London Conference in London from June 24-26.

Bowman Consulting Group (NASDAQ: BWMN) has secured a $1.3 million contract from the Aerotropolis Area Coordination Metropolitan District for the design and development of ATEC Parkway in The Aurora Highlands, Colorado. The project involves designing a two-mile roadway, including roadway plans, drainage studies, water utilities, and stormwater management plans.

As program manager and designer, Bowman oversees more than $500 million in infrastructure projects in The Aurora Highlands, the largest community development in the Denver metro area. The ATEC Parkway project represents the District's first infrastructure initiative, connecting The Aurora Highlands to the ATEC development, and positions Bowman for potential future contracts as the District expands.