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) will announce its first-quarter financial results for the period ending April 3, 2021, on May 12, 2021, after market close. The earnings conference call will take place at 4:30 p.m. Eastern, led by Chairman and CEO Dickerson Wright and CFO Edward Codispoti, followed by a Q&A session. Interested participants can join via toll-free dial-in or webcast. NV5 specializes in compliance, technology, and engineering consulting solutions across various sectors.
NV5 Global, Inc. (Nasdaq: NVEE) has secured approximately $10 million in infrastructure projects across Florida and New York. The Florida Department of Transportation awarded a five-year contract for geotechnical engineering and materials testing across the Florida Turnpike. In New York, NV5 will provide engineering design services for the Hunts Point Peninsula, enhancing access to a major food distribution hub. The company also received a one-year contract for resident engineering inspection services in Brooklyn. These contracts underscore NV5's commitment to supporting community infrastructure.
NV5 Global, Inc. (Nasdaq: NVEE) has acquired Geodynamics LLC for $42 million in a cash and stock deal, enhancing its geospatial capabilities. Geodynamics specializes in sonar-based geospatial solutions and serves clients like NOAA and the U.S. Navy. The acquisition will boost NV5’s presence in oceanic geospatial projects, supporting areas such as offshore wind power and shoreline mapping. NV5 expects this acquisition to be immediately accretive to its earnings and strengthen its competitive advantage in hydrographic surveying.
NV5 Global, Inc. (NASDAQ: NVEE) has been awarded a $23 million contract by a major Midwest utility for a liquefied natural gas (LNG) vaporization replacement project. The project aims to enhance the facility's output capacity by approximately 150%, addressing rising natural gas demand. NV5 will provide engineering, procurement, and construction services over a 20-month period, targeting completion by November 2022. This modernization initiative aligns with the company's ENERGY 2021 strategy.
NV5 Global (Nasdaq: NVEE) has successfully closed a public offering of 1,612,903 shares of common stock at $93.00 per share, raising approximately $141 million in net proceeds after underwriting costs. The underwriters also hold a 30-day option for an additional 241,935 shares. NV5 plans to use the funds for general corporate purposes, including potential acquisitions, business expansion, working capital, and debt reduction. BofA Securities and Morgan Stanley were among the joint book-running managers for this offering.
NV5 Global, Inc. (Nasdaq: NVEE) announced a public offering of 1,612,903 shares at $93.00 each, with an additional option for underwriters to purchase 241,935 shares. The offering aims to raise approximately $141 million after expenses, closing on March 15, 2021. Proceeds will support acquisitions, business expansion, working capital, and debt reduction. BofA Securities, Roth Capital Partners, Baird, and Morgan Stanley serve as joint book-running managers for this offering.
NV5 Global, Inc. (Nasdaq: NVEE) has announced a public offering of $150 million in common stock, with an additional $22.5 million available for underwriters. The proceeds will be utilized for general corporate purposes, including potential acquisitions, business expansion, and debt reduction. The offering is subject to market conditions. Major financial institutions including BofA Securities and Morgan Stanley are managing the offering. The shares will be registered with the SEC, ensuring compliance with legal requirements.
NV5 Global (Nasdaq: NVEE) announced a $6.6 million contract awarded to its division, Quantum Spatial, by a major energy utility. The contract focuses on providing geospatial analytics to enhance vegetation management and asset protection for critical electrical transmission infrastructure. NV5 will utilize lidar, imagery, and data analytics across six states, aiming to identify vegetation growth threats and support safe power delivery. This initiative aligns with recent weather challenges, emphasizing the importance of reliable energy services for clients.
NV5 Global (Nasdaq: NVEE) reported robust financial results for Q4 and FY 2020, showcasing a 30% revenue increase to $659.3 million, driven by acquisitions and operational efficiencies. Q4 gross revenue reached $161.2 million, a 22% rise year-over-year. Net income rose 28% to $4.6 million in Q4, while adjusted EBITDA surged 37% to $24.4 million. Despite increased interest and amortization expenses, adjusted EPS for Q4 improved by 28% to $0.82. NV5 anticipates continued growth in 2021, fueled by a focus on sustainable energy and a strong acquisition pipeline.
NV5 Global, Inc. (NASDAQ: NVEE) has acquired TerraTech Engineers, Inc., enhancing its capabilities in geotechnical engineering and environmental consulting. This acquisition, involving cash and stock, is expected to be immediately accretive to NV5's earnings. TerraTech, based in North Carolina with 50 employees, serves various governmental and private clients in the Southeast. The acquisition is anticipated to strengthen NV5's operational capacity and support its existing infrastructure services, benefiting both companies' clients.
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