secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001193125-23-271935
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Q3 revenue up 33% to $94.4M; adjusted EBITDA up 57%; narrows FY2023 guidance, introduces FY2024 outlook
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- Q3 gross revenue $94.4M (+33% YoY); net service billing $82.1M (+27%); net income $1.2M vs $3.4M prior year.
- Adjusted EBITDA $15.1M (+57%); adjusted EBITDA margin net 18.3% (up 350 bps); backlog $299M (+30%).
- Narrowing FY2023 net service billing guidance to $306-312M and adjusted EBITDA to $48-52M.
- Introduced FY2024 guidance: net service billing $345-360M and adjusted EBITDA $56-62M.
- Repurchased 28,704 shares at avg $25.94; $9.3M remaining under $10M buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523271935/0001193125-23-271935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312523271935/d526251d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-271935

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