NV5 Q1 revenue $213.3M (+16% YoY), raises FY EPS and revenue guidance

NV5 Global, Inc.

2024-Q1 EPS reported $0.03 revenue$213,295,000

Gross revenue $213.3M (+16% YoY), organic growth 8% from AI data center and infrastructure demand.
Net income $0.4M ($0.03 GAAP EPS) vs $5.9M ($0.39) last year; adjusted EPS $0.66 vs $0.88.
Cash from operations $19.6M, up 73% YoY.
Raised FY2024 guidance: gross revenue $937-942M, GAAP EPS $2.87-2.93, adj EPS $5.05-5.11.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NV5 Global, Inc. reported the first quarter ended March 30, 2024 results: revenue $213.3 million, net income $0.4 million, EPS $0.03 per share. Guidance raised.

Period: the first quarter ended March 30, 2024
Revenue: $213.3 million
Net income: $0.4 million
EPS: $0.03 per share
Guidance: raised
Result: reported results

Exact text from the filing

Gross revenues grew 16% to $213.3 million this quarter and gross profit increased 18% to $112.8 million.

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Source: SEC EDGAR

accession 0001628280-24-021684

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