Welcome to our dedicated page for Nv5 Global news (Ticker: NVEE), a resource for investors and traders seeking the latest updates and insights on Nv5 Global stock.
This page provides historical news coverage for NV5 Global, Inc. (formerly traded on Nasdaq under the symbol NVEE), a company that public disclosures describe as a provider of tech-enabled engineering, testing, inspection, certification, and consulting solutions for the built environment. The news items here document NV5’s activities before and around its merger with Acuren Corporation.
According to recent press releases, NV5 focused on engineering design, asset management, and geospatial data analytics to support infrastructure resilience and building systems performance. News articles highlight awards from the National Oceanic and Atmospheric Administration (NOAA) for shoreline mapping and coastal resilience, contracts with the New York City Department of Parks and Recreation for park and recreation facility improvements, and engineering work on high-voltage substations serving data center facilities in U.S. markets.
Other coverage includes NV5’s expansion in the data center sector, including activities in South Korea and other international regions, and acquisitions such as Professional Systems Engineering, LLC, which added specialized technology design capabilities for high-security public sector facilities. These stories illustrate how NV5 combined engineering, geospatial, and technology services across infrastructure, public sector, and data center markets.
Later news and SEC-related announcements track the progression and completion of NV5’s merger with Acuren Corporation, including stockholder approvals, the effectiveness of the merger registration statement, and the closing of the transaction. Together, these articles offer investors and researchers a record of NV5’s strategic direction, project wins, and corporate transformation leading up to the delisting of NVEE from Nasdaq and the company’s integration into Acuren.
NV5 Global, Inc. (Nasdaq: NVEE) announced on August 9, 2022, a contract worth approximately $8 million over three years with a major Southwest utility. This agreement marks an expansion of NV5's existing relationship with the utility, where it will provide engineering design for electrical substations, overhead power lines, and underground distribution assets. The contract also includes testing, commissioning, and consulting services for various developments. The company aims to leverage the growing investment in electrical infrastructure due to increasing demand and an aging grid.
NV5 Global (NVEE) reported robust second quarter 2022 results, showing a 13% increase in gross revenues to $202.7 million compared to Q2 2021. Net income rose 27% to $17.3 million, while Adjusted EBITDA increased 10% to $37.8 million. The company also highlighted an 8% organic growth in the first half of the year. For full-year guidance, NV5 raised its gross revenues outlook to $795 million - $815 million and GAAP EPS to $3.90 - $4.29.
NV5 Global, Inc. (NASDAQ: NVEE) has secured multiple contracts enhancing park and educational facilities in New York City, totaling approximately $22 million. The agreements include two term contracts worth around $20 million for planning and design services for parks and a $2 million contract from the NYC School Construction Authority for improvements in public schools. NV5 aims to leverage its 40 years of experience in NYC to boost infrastructure, serving local residents and visitors.
Nev5 Global, Inc. (NASDAQ: NVEE) will announce its second-quarter financial results on August 4, 2022, after market close. The earnings conference call will take place at 4:30 p.m. Eastern time, led by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, followed by a Q&A session. Participants can join via a toll-free number or internationally. A live webcast will also be available, along with a replay. NV5 provides technology, conformity assessment, and consulting solutions, focusing on various sectors, including utilities and infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) has secured a $7 million contract from the City of Oceanside, California, for consulting services related to a wastewater reclamation and recycling project. This initiative aims to decommission the La Salina Water Treatment Plant and enhance water conservation through recycled water production. NV5's responsibilities include program management, inspections, and environmental compliance over a three-year timeline, concluding in December 2025. This project highlights NV5's commitment to sustainable infrastructure and its long-standing relationship with Oceanside.
NV5 Global, Inc. (NASDAQ: NVEE) recently announced $5 million in new contracts for environmental consulting services. This includes two contracts worth approximately $3 million from a Southern California school district, focusing on asbestos and lead consulting and environmental assessments. Additionally, a five-year, $1 million contract was awarded by the New Mexico Department of Game and Fish for cultural and natural resources consulting. A national grocery retailer also selected NV5 for a $1 million environmental site assessment contract.
NV5 Global, Inc. (NASDAQ: NVEE) announced the acquisition of GEO1 through an asset purchase of Aerial Filmworks, LLC, enhancing its geospatial solutions. GEO1 specializes in geospatial lidar, aerial imagery, and data analytics, serving utility and government clients. This acquisition, which adds 25 employees from GEO1, is expected to be immediately accretive to NV5's earnings and strengthens its existing relationships with utility clients. The collaboration is anticipated to enhance NV5's capabilities in utility asset inspection and wildfire risk mitigation.
NV5 Global, Inc. (Nasdaq: NVEE) has secured a $25 million contract for the engineering, procurement, and installation of a new LNG vaporization system for a Northeast utility. The project aims to enhance storage capacity and reliability and will be completed by Q4 2023, with the design phase currently underway. CEO Dickerson Wright emphasized the importance of utility safety and reliability in driving NV5's business, anticipating continued investments as utilities modernize infrastructure.
On May 25, 2022, NV5 Global (Nasdaq: NVEE) announced an upcoming Investor Day scheduled for May 26, 2022, at 10:00 AM Central Time. Hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, the event aims to present NV5's strategic plan for growth and enhanced margins. Attendees will experience demonstrations of NV5's high-margin services, including geospatial, data analytics, and energy efficiency. In-person registration is required, and the event will also be webcast live.
NV5 Global (Nasdaq: NVEE) has secured $8 million in contracts for geospatial data acquisition and analytics to aid public sector clients in infrastructure, utilities, and natural resource management. This includes over $4 million for the US Geological Survey's 3D Elevation Program in Kentucky and Wisconsin, a $2 million task order from the US Army Corps of Engineers, and another $2 million contract for a federally owned electric utility's right-of-way program. The company emphasizes the growth of tech-based services in its revenue stream.