secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001193125-24-195446
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Q2 revenue $104.5M (+26% YoY), net loss widens to $2.0M, adjusts FY2024 guidance
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- Net loss of $2.0M ($0.03 basic adjusted EPS loss) vs $0.6M loss in prior year.
- Adjusted EBITDA $13.4M (+21% YoY); margin fell 70 bps to 14.3%.
- Gross backlog $352M (+19% YoY); organic net service billing growth 6%.
- FY2024 guidance: net service billing $375-385M, adjusted EBITDA $58-63M.
- Closed $51M equity offering, new $100M revolver, and three Q2 acquisitions (Surdex, Moore, Element post-quarter).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524195446/0001193125-24-195446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000119312524195446/d874490d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-195446

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