secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-138966
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Consulting beats Q1 estimates, raises FY 2023 guidance
-------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523138966/0001193125-23-138966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523138966/d463413d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138966

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