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 (NASDAQ: NVEE) has secured three transportation contracts totaling $16 million from the North Carolina Department of Transportation. These contracts will span two years, providing engineering design, surveying, and testing services for critical infrastructure such as bridges and roadways. The largest contract, valued at $10 million, focuses on location surveys and engineering services, while the other contracts involve planning and design support. NV5 aims to assist NCDOT in addressing the growing demands of North Carolina's population.
NV5 Global, Inc. (Nasdaq: NVEE) will announce its third-quarter financial results for the period ending on October 3, 2020, on November 11, 2020, after market close. The earnings call will be led by Chairman and CEO Dickerson Wright and CFO Edward Codispoti at 4:30 p.m. Eastern Time, followed by a Q&A session. Participants are advised to join the call ten minutes early. The conference will also be available via webcast and for replay on the NV5 website. NV5 provides consulting solutions across various sectors, including infrastructure and technology.
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NV5 Global, Inc. (NASDAQ: NVEE) has secured a $5 million contract from a Bay Area county government for a five-year agreement. The contract encompasses plan review, inspection, and materials testing for various county-owned facilities, including healthcare and infrastructure projects. NV5’s comprehensive service delivery was a key factor in winning this contract, marking its first such agreement with the county. The company aims to expand its public sector services, indicating confidence from municipalities in NV5's capabilities.
NV5 Global has secured $4 million in contracts for transportation infrastructure projects in New Mexico. The City of Albuquerque awarded a $2.2 million contract for widening the busy Paseo del Norte roadway, while the New Mexico Department of Transportation granted $2 million for improvements on US 491 and NM 68. These projects aim to enhance roadway capacity, reduce congestion, and improve safety. NV5 has over 30 years of collaboration with NMDOT and municipal governments in New Mexico, further solidifying its position in the infrastructure sector.
NV5 Global, Inc. (Nasdaq: NVEE) reported strong financial results for Q2 2020, with Gross Revenues rising 27% to $162.7 million and Net Revenues increasing 29% to $128.5 million compared to Q2 2019. Adjusted EPS reached $0.93, surpassing analyst expectations of $0.59. Despite a drop in net income to $4.5 million from $8.8 million due to increased expenses, cash flows from operations surged to $37.1 million. The company also secured significant contracts and plans to acquire Mediatech Design Group to expand its services in the Middle East and Southeast Asia.
NV5 Global, Inc. (NASDAQ: NVEE) has secured a $12 million contract from the California Department of Transportation for construction management services in various counties. This 36-month project includes on-call construction inspection, engineering, claims resolution, and support services. NV5 has a longstanding collaboration with Caltrans, having provided similar services across 49 counties since 2003. The contract aims to enhance transportation infrastructure's safety and reliability, showcasing NV5's growth in handling complex projects.
NV5 Global, Inc. (NASDAQ: NVEE) announced that its subsidiary, Quantum Spatial, has secured contracts worth $3 million from NASA and the California Department of Water Resources. These contracts focus on remote sensing services aimed at enhancing water conservation in the Western U.S. Quantum Spatial will utilize advanced technologies like lidar and hyperspectral imaging for NASA's SnowEx 2020 campaign, a project evaluating snowpack measurement techniques. This expansion underscores NV5's commitment to contributing to intelligent water management efforts.
NV5 Global, Inc. (Nasdaq: NVEE) appointed Mark Abatto as President and COO of NV5 Geospatial Solutions. He previously served as COO and CFO of Quantum Spatial, acquired by NV5 in December 2019. With over 25 years in the technology sector, Abatto aims to enhance NV5's leadership in geospatial data analytics. His leadership is expected to drive growth in this rapidly expanding market.
NV5 Global, Inc. (Nasdaq: NVEE) announced its first-quarter 2020 financial results, showing strong growth amidst the COVID-19 pandemic. Gross Revenues surged 41% to $167 million, while Net Revenues increased 43% to $129.6 million. Adjusted EBITDA rose 58% to $24.1 million, and Adjusted EPS climbed 11% to $0.84. The company withdrew its 2020 guidance due to ongoing uncertainties from the pandemic but emphasized its stability and essential services. NV5's proactive cost management during this period aims to mitigate risks and support its workforce.
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