Bowman Consulting Q3 revenue $71.2M (+79% YoY); raises FY2022 guidance, introduces FY2023 outlook

Bowman Consulting Group Ltd.

2022-Q3 EPS reported $0.34 revenue$186,105,000

Gross revenue $71.2M (+79% YoY); net income $3.4M vs $0.4M YoY.
Adjusted EBITDA $9.6M (+118% YoY); margin 14.8% up 240 bps.
Organic gross revenue growth 23%; organic net service billing growth 25%.
Raised FY2022 guidance: Net Service Billing $230-234M (prev $205-220M), Adj. EBITDA $33-35M (prev $29-33M).
Introduced FY2023 guidance: NSB $270-290M, Adj. EBITDA $42-48M; closed 4 acquisitions in H2 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bowman Consulting Group Ltd. reported the three months ended September 30, 2022 results: revenue $71.2 million, net income $3.4 million.

Period: the three months ended September 30, 2022
Revenue: $71.2 million
Net income: $3.4 million
Result: reported results

Exact text from the filing

Financial Highlights for the three months ended September 30, 2022, compared to September 30, 2021: • Gross revenue of $71.2 million, compared to $39.7 million, a 79% increase

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bowman Consulting Group Ltd. reported the nine months ended September 30, 2022 results: revenue $186.1 million, net income $4.5 million.

Period: the nine months ended September 30, 2022
Revenue: $186.1 million
Net income: $4.5 million
Result: reported results

Exact text from the filing

Financial Highlights for the nine months ended September 30, 2022, compared to September 30, 2021: • Gross revenue of $186.1 million, compared to $108.0 million, a 72% increase

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bowman Consulting Group Ltd. updated its full year 2022 guidance (raised).

Period: full year 2022
Guidance: raised
Result: guidance update

Exact text from the filing

The Company is increasing its full year 2022 outlook for Net Service Billing to be in the range of $230 to $234 million and Adjusted EBITDA in the range of $33 to $35 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bowman Consulting Group Ltd. updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company is introducing its full year 2023 outlook for Net Service Billing to be in the range of $270 to $290 million and Adjusted EBITDA in the range of $42 to $48 million.

View on SEC.gov

Browse all earnings releases →

Bowman Consulting Group Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-22-282825

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.