secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001193125-23-066906
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Consulting reports record FY 2022 revenue of $261.7M; raises FY 2023 guidance
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- Q4 2022 gross revenue $75.6M (+80% YoY); net service billing $66.2M (+75% YoY).
- FY 2022 gross revenue $261.7M (+74% YoY); net income $5.0M vs $0.3M prior year.
- Adjusted EBITDA doubled to $34.0M from $16.5M; margin expanded to 14.5%.
- FY 2023 Net Service Billing guidance raised to $280-295M; Adjusted EBITDA $43-49M.
- Closed 8 acquisitions in 2022 representing >$60M annualized revenue; 3 in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/0001193125-23-066906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523066906/d481797d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-066906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer