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Bowman Consulting Group Ltd. (symbol: BWMN) is a dynamic and diversified professional services firm dedicated to delivering superior engineering solutions across various sectors. The company provides a wide range of services including planning, engineering, construction management, commissioning, environmental consulting, geospatial services, survey, and land procurement. Bowman Consulting serves customers in numerous end markets, such as real estate, energy, and infrastructure.
Recognized for its outstanding client relationships and growth-focused strategies, Bowman Consulting has successfully met market demands through innovative service offerings and expansion into new locations. Their flexible approach combines the depth of resources typical of large design firms with the agility of boutique firms. Bowman Consulting's team comprises some of the industry's most respected professionals, ensuring top-notch service delivery.
Recent achievements highlight Bowman Consulting's competence in delivering high-quality outcomes. They focus on Civil & Site Engineering, Transportation Engineering, MEP Engineering, Commissioning & Energy Efficiency, Energy Services, Water/Wastewater, Fire Protection, Construction Management, Survey/Geospatial, Environmental Consulting, Structural Engineering, Land Procurement & Right-of-Way, Landscape, and Architecture/Planning. Their integrated approach provides clients peace of mind and exceptional service.
Currently, Bowman Consulting is involved in several key projects aimed at enhancing infrastructure and supporting sustainable development. The company's commitment to innovative solutions and responsive service continues to drive its success in the market.
Bowman Consulting Group (Nasdaq: BWMN) reported financial results for the three months ended March 31, 2024, with a 25% increase in gross contract revenue, a 27% increase in net service billing, and a 25% increase in Adjusted EBITDA. The company closed on an equity offering, secured a new credit facility, and refinanced assets. The adjusted FY 2024 guidance forecasts net service billing in the range of $382 to $397 million and Adjusted EBITDA in the range of $63 to $69 million.
Bowman Consulting Group (NASDAQ: BWMN) announced the closure of a $100 million revolving credit agreement with Bank of America and TD Bank. The five-year agreement replaces a previous $70 million credit line with Bank of America, reinforcing the company's capital access for strategic growth.
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