secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001193125-24-132633
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524132633/0001193125-24-132633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524132633/d794617d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-132633

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