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 reported a record first quarter for 2022, achieving gross revenues of $190.2 million, a 24% increase year-over-year. Net income rose to $8.6 million, a 58% increase, while Adjusted EBITDA reached $28.9 million, up by 19%. The company also increased its full-year guidance, projecting gross revenues between $785 million and $810 million. GAAP EPS improved to $0.57 per share, representing a 39% increase. NV5 enters the second quarter with a strong backlog, positioning for sustained growth.
NV5 Global, Inc. (Nasdaq: NVEE) has announced the winners of the 2022 National Society of Black Engineers (NSBE) scholarship awards, as part of a five-year commitment totaling $275,000. Ten scholarships were awarded to talented undergraduate and graduate students across various engineering disciplines. Award selection was based on personal essays, educational achievements, community contributions, and professional recommendations. NV5 emphasizes its dedication to supporting diversity in engineering and infrastructure development.
NV5 Global, Inc. (Nasdaq: NVEE) has received a contract amendment from the California Department of Transportation (Caltrans), expanding its existing on-call construction management contract by approximately $7 million. This contract will extend for an additional seven months and will involve providing not-at-risk construction management services for transportation projects in Caltrans District 10, San Joaquin Valley. NV5 has over 20 years of experience supporting Caltrans with infrastructure projects throughout California.
NV5 Global, Inc. (Nasdaq: NVEE) announced its Investor Day set for May 26, 2022, at 10:00 am Central Time, held at The Glen Club in Glenview, IL. The event will showcase NV5’s strategic growth plans and features a Q&A session with Chairman and CEO Dickerson Wright, and CFO Edward Codispoti. Attendees will also experience demonstrations of innovative technologies enhancing high-margin services in geospatial, data analytics, and energy efficiency. Registration is required for in-person participation, and a webcast will also be available for remote viewers.
NV5 Global, Inc. (Nasdaq: NVEE) will announce its financial results for the first quarter ending April 2, 2022, on May 5, 2022, after market close. An earnings conference call will follow at 4:30 p.m. Eastern Time, hosted by Chairman and CEO Dickerson Wright and CFO Edward Codispoti. Participants are advised to join the call ten minutes early. The call will be webcast live, with a replay available on the NV5 website. NV5 provides engineering, technology, and environmental consulting solutions across various sectors.
NV5 Global, Inc. (Nasdaq: NVEE) announced the acquisition of Fulton Consulting Engineers, enhancing its mechanical, electrical, and plumbing (MEP) design and energy efficiency services. The asset purchase aims to strengthen NV5's capabilities in California and the Southwest, expanding its market reach. The acquisition is projected to be immediately accretive to NV5's earnings. CEO Dickerson Wright emphasized that the move supports NV5’s strategy for growth in high-margin ESG and technology services.
On March 2, 2022, NV5 Global (NASDAQ: NVEE) announced the acquisition of River City Testing, Inc. through an all-cash transaction. This strategic move enhances NV5's testing and consulting capabilities in Southern California, particularly in the Inland Empire region, which has a population of about 4 million. The acquisition includes a materials testing laboratory, which will bolster NV5’s engineering operations across Riverside and San Bernardino Counties. The deal is expected to be immediately accretive to earnings, further expanding NV5’s footprint and service offerings in the region.
NV5 Global, a provider of compliance and engineering consulting solutions, reported record revenues and profitability for Q4 and full year 2021. Q4 gross revenues rose 17% to $188.6 million, net income surged 238% to $15.5 million, and Adjusted EBITDA increased 63% to $39.7 million. For the full year, revenues grew to $706.7 million with net income reaching $47.1 million, a 124% rise. The company forecasts 2022 revenues between $773 million and $802 million and EPS of $3.34 to $3.65. NV5's strategic acquisitions have bolstered its high-margin offerings and market expansion.
NV5 Global, Inc. (Nasdaq: NVEE) announced contracts worth approximately $7 million for supporting transportation infrastructure improvements in California, New York, and South Carolina. The two-year contract in California is valued at $2.2 million for civil program management on the Olancha Cartago Four Lane Project. In New York, NV5 secured a $3 million contract for Construction Inspection Services. A three-year contract in South Carolina anticipates $1.5 million in revenues for survey services. These contracts emphasize NV5's commitment to enhancing community infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) will announce its financial results for Q4 ended January 1, 2022, on February 28, 2022, after market close. A conference call will follow at 4:30 p.m. ET, hosted by Chairman and CEO Dickerson Wright, and CFO Edward Codispoti. Investors can join via toll-free number +1 (888) 412-4117 or international number +1 (646) 960-0284. The call will be webcast live, with a replay available on the company’s website. NV5 provides compliance, technology, engineering, and environmental consulting solutions for various sectors.