Bowman Q1 revenue up 25% to $94.9M; net loss $1.6M; raises FY2024 guidance

Bowman Consulting Group Ltd.

2024-Q1 EPS reported -$0.11 revenue$94,907,000

Gross contract revenue $94.9M (+25% YoY); net service billing $85.7M (+27% YoY); net loss $1.6M vs income $0.5M.
Adjusted EBITDA $12.1M (+25% YoY); margin 14.2% (down 10bps). Diluted Adjusted EPS $0.20 vs $0.26.
Backlog $330M (+31% YoY). Raises FY2024 net service billing guidance to $382-397M and Adj. EBITDA to $63-69M.
Subsequent events: closed $51M equity offering, Surdex & Moore Consulting acquisitions, new $100M revolver, $11M refinancing.

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. reported first quarter ended March 31, 2024 results: revenue $94.9 million, net income Net loss of $1.6 million, EPS $0.20. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $94.9 million
Net income: Net loss of $1.6 million
EPS: $0.20
Guidance: raised
Result: reported results

Exact text from the filing

on our current high-frequency acquisition strategy.” Financial Highlights for the Three Months Ended March 31, 2024, Compared to March 31, 2023: • Gross contract revenue of $94.9 million, compared to $76.1 million, a 25% increase • Year-over-year organic gross contract revenue growth 1 of 1% • Net service billing 2 of $85.7 million, compared to $67.6 million, a

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Bowman Consulting Group Ltd. filing history →

Source: SEC EDGAR

accession 0001193125-24-132633

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.