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Bowman Awarded Long-Term Geospatial Contract for Coal Ash Removal Project in Virginia

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Bowman (NASDAQ: BWMN) was selected to lead surveying and geospatial services for a multi-year coal ash removal, landfill development and environmental closure program in central Virginia.

Bowman will establish permanent survey control, perform UAV aerial mapping and lidar, conduct construction stakeout, prepare volumetric quantity reports and produce certified as-built documentation for more than 250 acres. The award is Bowman’s first direct engagement with Glover Construction and emphasizes its geospatial capabilities in power and utilities.

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Positive

  • First direct engagement with Glover Construction, a major East Coast mass excavation firm
  • Contract covers geospatial services for more than 250 acres
  • Scope includes advanced deliverables: UAV mapping, lidar, volumetrics and certified as-built documentation
  • Supports a multi-year environmental closure and landfill development program in the power sector

Negative

  • Multi-year program implies extended resource and operational commitments for Bowman
  • No financial terms disclosed, leaving uncertain revenue and profit impact for shareholders

Key Figures

Project area: more than 250 acres
1 metrics
Project area more than 250 acres Coal ash closure and landfill geospatial scope in central Virginia

Market Reality Check

Price: $34.34 Vol: Volume 104,793 is slightl...
normal vol
$34.34 Last Close
Volume Volume 104,793 is slightly below the 20-day average of 112,737 (relative volume 0.93x). normal
Technical Price at 33.67 is trading just below the 200-day moving average of 34.08 and about 26.53% under the 52-week high.

Peers on Argus

BWMN was down 3.36% while key peers were mixed: GLDD (+0.46%), NVEE (+0.80%), WL...

BWMN was down 3.36% while key peers were mixed: GLDD (+0.46%), NVEE (+0.80%), WLDN (-1.43%), BBCP (-0.87%), MTRX (-0.57%). With no peers in the momentum scanner and no same-day peer headlines, the move appears company-specific rather than sector-driven.

Historical Context

5 past events · Latest: Jan 13 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 13 Flood control contract Positive -0.8% Awarded multi-year Central Road flood control design and permitting project.
Dec 16 Nasdaq bell event Positive -3.8% Rang Nasdaq closing bell to mark RPT Alliance acquisition and new market entry.
Dec 08 RPT acquisition Positive -1.6% Acquired RPT Alliance to expand power and utility-scale generation offerings.
Dec 02 ADA ramp contract Positive -1.7% Won largest Philadelphia ADA curb ramp design contract, strengthening backlog.
Nov 17 Fish passage award Positive +0.3% Secured $7M multi-year West Seattle habitat and culvert design mandate.
Pattern Detected

Recent BWMN contract and corporate news has generally been positive, yet the stock often traded flat-to-down on these headlines, with 4 of the last 5 events showing negative next-day moves despite constructive fundamentals.

Recent Company History

Over the last few months, Bowman has consistently announced growth-oriented developments. On Nov 17, it secured a $7 million multi-year fish passage design contract, followed by a $3.7 million ADA ramp design award on Dec 2. The company then acquired RPT Alliance for $59.7 million on Dec 8, expanding power generation capabilities, and highlighted this with a Nasdaq bell-ringing on Dec 16. On Jan 13, Bowman won a $30 million flood control design assignment. Today’s geospatial coal ash project continues this theme of infrastructure and environmental contract wins.

Market Pulse Summary

This announcement adds another multi-year environmental infrastructure mandate to Bowman’s growing p...
Analysis

This announcement adds another multi-year environmental infrastructure mandate to Bowman’s growing portfolio, focused on coal ash remediation and landfill development over more than 250 acres. It complements prior awards in flood control, ADA accessibility, and fish passage, reinforcing strength in public and utility markets. Recent regulatory filings show expanded credit capacity and insider 10b5‑1 selling, factors that investors may monitor alongside backlog growth, margin trends, and execution on complex, long-duration projects.

Key Terms

geospatial, lidar
2 terms
geospatial technical
"investment in an industry-leading geospatial team and an extensive fleet"
Relating to information tied to specific places on Earth, such as maps, GPS coordinates, satellite imagery and location sensors. Investors care because geospatial data turns where things are into actionable insight — it helps track assets, evaluate market opportunities, optimize routes, assess physical risk (like flooding), and measure real-world trends; think of it as adding a map-based lens that makes business decisions more precise and measurable.
lidar technical
"performing UAV-based aerial mapping, collecting lidar data, conducting construction stakeout"
Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

AI-generated analysis. Not financial advice.

Selection spotlights Bowman’s integrated capabilities in legacy infrastructure redevelopment

RESTON, Va., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, announced it has been selected to lead surveying and geospatial services with Glover Construction Co., Inc. supporting a large-scale, multi-year environmental closure and landfill development program in central Virginia. The contract represents Bowman’s first direct engagement with Glover, one of the largest mass excavation firms on the East Coast and highlights the company’s capabilities in the power and utilities sector.

The program, located at a former power generation site operated by a major utility provider, is part of a statewide initiative to close and redevelop legacy energy infrastructure in accordance with stringent federal and state environmental standards. Bowman’s work will support the safe management and relocation of coal combustion residuals (CCR), byproducts of historic power generation, into a newly engineered landfill designed to meet current regulatory requirements.

“This award underscores Bowman’s ability to combine technical innovation with operational efficiency on large, complex environmental and energy transition projects,” said Gary Bowman, founder and CEO of Bowman. “Our continued investment in an industry-leading geospatial team and an extensive fleet of geospatial collection equipment strengthens our ability to execute more multifaceted, long-duration programs in vital markets like power and utilities. We remain committed to applying technical depth, integrated resources and customer-focused approach to help utilities and developers modernize infrastructure and manage the evolving energy landscape.”

Bowman’s responsibilities include establishing permanent survey control, performing UAV-based aerial mapping, collecting lidar data, conducting construction stakeout, preparing volumetric quantity reports and producing certified as-built documentation for an area of more than 250 acres. Bowman’s deliverables will provide the data, compliance verification and transparency necessary to support both active construction and long-term environmental documentation.

About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,500 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

General Media Contact:
Christina Nichols
pr@bowman.com

Investor Relations Contact:
Betsy Patterson
ir@bowman.com


FAQ

What work did Bowman (BWMN) win for the Virginia coal ash removal project on Jan. 29, 2026?

Bowman will lead surveying and geospatial services including UAV mapping, lidar and construction stakeout. According to the company, deliverables cover permanent survey control, volumetric reports and certified as-built documentation for the site.

How large is the site Bowman (BWMN) will survey for the coal combustion residuals relocation?

The program covers more than 250 acres of the former power generation site. According to the company, Bowman’s mapping and lidar will support both active construction and long-term environmental documentation.

Is Bowman’s contract with Glover Construction a long-term engagement for BWMN investors?

Yes, the award supports a multi-year environmental closure and landfill development program. According to the company, this represents Bowman’s first direct engagement with Glover on a long-duration project.

What geospatial technologies will Bowman (BWMN) deploy on the coal ash project?

Bowman will use UAV-based aerial mapping, lidar data collection and construction stakeout services. According to the company, these technologies will feed volumetric reports and certified as-built documentation.

How does Bowman (BWMN) say this award affects its position in power and utilities work?

The company says the award highlights its integrated geospatial capabilities and operational scale in power and utilities. According to the company, investments in geospatial teams and equipment strengthen execution on complex programs.
Bowman Consulting Group Ltd.

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