Bowman Consulting beats Q1 estimates, raises FY 2023 guidance

Bowman Consulting Group Ltd.

2023-Q1 EPS reported $0.04 revenue$76,100,000

Net service billing $67.6M (+42% YoY); organic growth 12%.
Adjusted EBITDA $9.7M (+31% YoY); margin 14.3% (down 120 bps).
Gross backlog $252M (+46% YoY); gross revenue $76.1M (+45%).
FY 2023 net service billing guidance raised to $285-$300M; adjusted EBITDA $44-$50M.
Closed Richter & Associates acquisition in April 2023 to expand utility services.

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 0.9

Bowman Consulting Group Ltd. updated its Q1 2023 guidance (raised).

Period: Q1 2023
Guidance: raised
Result: reported results

Exact text from the filing

On May 8, 2023, Bowman Consulting Group Ltd. (“Bowman” or the “Company) issued a press release announcing its financial results for the first quarter ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

Bowman Consulting Group Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-23-138966

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.