secwatch.observer — SEC 8-K summary
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Issuer:     Bowman Consulting Group Ltd. (BWMN)
CIK:        0001847590
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001628280-24-045806
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bowman Q3 net service billing tops $100M for first time; raises FY24 revenue guidance
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- Q3 gross contract revenue $113.9M, up 21% YoY; net service billing $101.4M, up 23%.
- Net income $0.8M vs $1.2M YoY; diluted EPS $0.04 vs $0.08; adjusted EBITDA $17.0M, up 13%.
- Company repurchased 496,628 shares for $11.9M during Q3.
- FY24 net service billing guidance raised to $376-386M; FY25 outlook introduced at $422-437M.
- Entered agreement to acquire Exeltech Consulting, a bridge design firm in Lacey, WA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847590/000162828024045806/0001628280-24-045806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847590/000162828024045806/bwmn-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045806

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