secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001193125-24-065430
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman FY23 revenue up 32% to $346.3M, net loss $6.6M vs income $5.0M; guides FY24 NSB $363-$378M
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- Full-year gross revenue $346.3M (+32% YoY); net service billing $304.0M (+29% YoY).
- Net loss of $6.6M vs net income of $5.0M in FY22; Q4 net loss $7.7M vs income $0.5M.
- Adjusted EBITDA $47.0M (+38% YoY); margin 15.5%, up 100 bps. Q4 adjusted EBITDA $11.2M (+19%).
- FY24 guidance: net service billing $363-$378M, adjusted EBITDA $59-$65M.
- Completed 11 acquisitions in 2023 (~$60M annualized billing); new $10M stock repurchase authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524065430/0001193125-24-065430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524065430/d761668d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-065430

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