Nv5 Global Inc Stock Price, News & Analysis

NV5 Global, Inc. (Nasdaq: NVEE) has announced its 2024 Investor Day, titled 'The Nexus of Engineering and Technology,' scheduled for Thursday, July 25, 2024, at 10:00 am Central Time. The event will be held at the Western Golf Association Headquarters in Glenview, IL, coinciding with the first round of the NV5 Invitational, a PGA TOUR Korn Ferry Tour event.

The Investor Day will showcase NV5's innovative technologies and tech-enabled solutions in key growth sectors, including data centers, geospatial data management, utility electrical distribution, clean energy, and resilient infrastructure. Executive Chairman Dickerson Wright will host the event, which will include a Q&A session and demonstrations of artificial intelligence applications in geospatial data analytics for in-person attendees.

Following the presentations, NV5 will host a meet and greet with its leadership team. In-person attendance requires advance registration, while a webcast will be available for remote participants.

NV5 Global has secured $10 million in contracts from the U.S. Geological Survey (USGS) for various geospatial projects. The awards include:

• $3 million for mineral deposit analysis in Western Texas
• $6 million for lidar collection and processing in Alaska
• $1 million for integrating elevation data into the 3D Hydrography Program

These projects support initiatives such as the Earth Mapping Resources Initiative (EMRI), forest resource management, coastal erosion monitoring, and community resilience efforts. NV5's Executive Chairman, Dickerson Wright, highlighted the growing importance of geospatial data in resource management, infrastructure reliability, national security, and economic stability.

NV5 Global, Inc. (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, has announced its upcoming second quarter 2024 financial results conference call. The event is scheduled for Wednesday, August 7, 2024, at 4:30 p.m. Eastern time, following the close of markets. NV5's Executive Chairman, Dickerson Wright, and Chief Financial Officer, Edward Codispoti, will host the call and conduct a question and answer session.

Investors can access the call via a toll-free number or an international dial-in. The conference will also be webcast live through the 'Investors' section of NV5's website, where a replay will be available. Financial results and presentation slides will be posted on the site prior to the call.

NV5 Global, Inc. (Nasdaq: NVEE) has secured a $7 million contract for a one-year project in Northern California. The company will provide project oversight, testing, and inspection during the construction of a new 230 kilovolt underground transmission line. This follows NV5's earlier completion of the undergrounding design for the same line.

Dickerson Wright, PE, Executive Chairman of NV5, highlighted the growing demand for electricity and strain on grid infrastructure due to electrification initiatives and expansion of high-energy facilities. NV5's expertise in electrical grid reliability positions the company for accelerated organic growth in utility services.

The project involves collaboration with cable manufacturers and electrical contractors throughout the installation process. NV5 will also conduct cable testing and commissioning to ensure efficient deployment of the new line to meet interconnection and capacity demands.

NV5 Global (Nasdaq: NVEE) has secured $14 million in new contracts for utility geospatial asset and vegetation management. These contracts are aimed at improving the reliability and efficiency of aging electrical grid infrastructure, addressing increased electricity demand. A $7 million contract from a West Coast utility involves lidar and imagery services for asset management and engineering programs across diverse terrains. Another $7 million contract focuses on geospatial asset management and inspection services, identifying potential fire risks and enhancing service reliability. The company’s advanced technologies and methodologies facilitate organic growth in its utility geospatial segment.

NV5 has secured $12 million in geospatial contracts from the U.S. Department of Defense, covering both domestic and international national security concerns.

These contracts signify growth opportunities for NV5 in the defense, intelligence, and federal civilian markets.

Executive Chairman Dickerson Wright highlights the incremental increase in federal geospatial contract awards since the federal budget passed in March, predicting continued growth from government and defense clients.

NV5's expertise in geospatial data solutions and its established history with the federal government were key factors in obtaining these contracts.

The contracts involve monitoring and mapping global infrastructure, supporting U.S. national defense, and providing geospatial software to allied nations.

NV5 Global (Nasdaq: NVEE) announced it will host its 2024 Investor Day on July 25, 2024, at 10:00 am Central Time. The event, titled 'The Nexus of Engineering and Technology,' will be held at the Western Golf Association Headquarters in Glenview, IL. The Investor Day will coincide with the first round of the NV5 Invitational on the PGA TOUR’s Korn Ferry Tour schedule.

Key highlights include presentations on NV5's strategic growth sectors such as data centers, geospatial data management, utility electrical distribution, clean energy, and resilient infrastructure. Executive Chairman Dickerson Wright will host the event, which will be followed by a Q&A session and demonstrations of AI in geospatial data analytics.

Post-event activities include a meet-and-greet session and a hospitality area overlooking the 18th green. Registration for in-person attendance is required, and the event will also be available via webcast.

NV5 Global (Nasdaq: NVEE) announced the acquisition of myBIMteam, a provider of building information modeling, reality capture, and digital twin solutions. Founded in 2003, myBIMteam offers subscription-based building digitization services to building owners, facility managers, and architects. This acquisition, made with a combination of cash and stock, is expected to be immediately accretive to NV5’s earnings. NV5 aims to enhance its portfolio with myBIMteam’s services, supporting its strategic focus on recurring revenue and long-term client relationships. MyBIMteam’s expertise includes software implementation, advisory services, laser scanning, and modeling for sectors such as education, healthcare, and industry. NV5 views this acquisition as a step towards incorporating digital twin and 3D reality capture technologies into its broader service offerings.

NV5 Global, Inc. reported strong first-quarter results, exceeding revenue and profitability expectations, with 73% growth in cash flows from operations compared to the previous year. The company is experiencing significant revenue growth in AI data center services and has become a leader in infrastructure design for this market. With 8% organic growth, NV5 completed four acquisitions in 2024 to enhance its operations. The company raised its 2024 gross revenue and EPS guidance, with gross revenue expected to be between $937 million and $942 million and GAAP EPS between $2.87 and $2.93.