Nv5 Global Inc Stock Price, News & Analysis

NV5 Global, Inc. (Nasdaq: NVEE) announced that its subsidiary, Axim Geospatial, has secured $9 million in national security geospatial contracts from intelligence agencies and the Department of Defense. These contracts involve integrating geospatial intelligence from various sources to enhance situational awareness for military and policymakers. Axim utilizes AI and machine learning for swift, precise mapping of topographical features. NV5's CEO emphasized Axim's leadership in geospatial data analytics as crucial for this contract, highlighting the company's commitment to support national security initiatives.

NV5 Global, Inc. (Nasdaq: NVEE) announced its acquisition of Gaudet Associates, Inc., a firm specializing in owner representation services in South Florida. This strategic move will enhance NV5's capabilities in the growing Florida market for construction and renovation oversight, particularly in the hospitality and government sectors. The acquisition, made through cash and stock, is expected to be accretive to earnings immediately. Gaudet Associates has a history of managing over $2 billion in projects, with 35 years of experience in the industry.

NV5 Global (Nasdaq: NVEE) reported a strong fiscal 2022, achieving gross revenues of $786.8 million, reflecting an 11% increase from $706.7 million in 2021. Net income rose by 6% to $50.0 million, while Adjusted EBITDA increased by 2% to $135.2 million. The company completed five strategic acquisitions, enhancing its service offerings in utility geospatial, building technology, and materials testing. For fiscal 2023, NV5 anticipates revenues between $878 million and $915 million and GAAP EPS ranging from $2.93 to $3.33, marking a positive outlook despite economic challenges posed by rising interest rates.

NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Axim Geospatial, enhancing its capabilities in federal defense and intelligence sectors. Axim, based in Wisconsin with 340 employees, offers advanced geospatial solutions and tools, expanding NV5’s strength in geospatial utility services. The acquisition supports NV5’s position as a leader in geospatial data solutions. Axim employs over 200 proprietary tools to deliver customized services across various sectors, including national security and infrastructure. This strategic move aims to accelerate both companies' missions to provide smarter and safer geospatial solutions.

NV5 Global has announced the acquisition of Diversified Consulting Solutions (DCS), enhancing its owner representation services in the Mountain West Region. This transaction combines cash and stock and is immediately accretive to earnings. DCS, based in Denver, specializes in comprehensive consulting for municipalities and educational sectors, managing projects from concept through completion. The CEO of NV5 expressed enthusiasm for growth in this high-margin service area, anticipating further expansion. With over 400 million dollars managed by DCS, this acquisition is expected to strengthen NV5’s service offerings and market presence.

NV5 Global, Inc. (Nasdaq: NVEE) has secured a $17 million contract to develop a comprehensive aerial photography and elevation database for Kentucky. This initiative, part of the KyFromAbove program, aims to enhance geospatial data access, thereby reducing GIS development costs and improving efficiency in state processes. Over a two-year period, NV5 will gather natural color and digital imagery to aid in resource management, land planning, and infrastructure development. The CEO emphasizes the growing demand for high-resolution geospatial services to support economic and resource management.

NV5 Global, Inc. (Nasdaq: NVEE) announced significant contract awards totaling $9 million to enhance transportation infrastructure across the United States. The company will deliver engineering design, surveying, utility engineering, and inspection services. Key projects include a $4 million contract for New York State projects, $2.5 million for construction management in California, and another $2.5 million for roadway improvements in the Southeast. CEO Dickerson Wright emphasized the impact of infrastructure investment on community quality and economic development, highlighting the non-discretionary nature of such projects amidst varying economic conditions.

NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Bromley Cook Engineering, a Florida-based leader in forensic and structural engineering. This strategic move aims to enhance NV5's offerings in engineering and consulting solutions, especially within the hurricane-prone environment of Florida. The transaction, involving cash and stock, is expected to be accretive to NV5's earnings immediately. Bromley Cook's expertise in concrete restoration and hurricane-hardening design is anticipated to bolster NV5's position in the market.

NV5 Global, Inc. (NASDAQ: NVEE) is set to announce its financial results for the fourth quarter ending December 31, 2022, on February 23, 2023. The earnings call will take place at 4:30 p.m. Eastern time, hosted by Chairman and CEO Dickerson Wright, along with CFO Edward Codispoti. Investors can dial in using +1 (888) 412-4117 or +1 (646) 960-0284 for international calls, with the conference ID 6172299. The call will be webcast live, and a replay will be available on the company's website. NV5 offers broad technology and consulting solutions across multiple sectors, with over 100 offices worldwide.