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NV5 Holdings (NVEE)
NASDAQ:NVEE
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.17Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong revenue growth and margin expansion, as well as challenges from declining net income and cash flow issues. The company's largest backlog and successful cross-selling initiatives provide optimism for future growth, but the impact of acquisition costs and a drop in net income are notable concerns.Company Guidance
During the NV5 earnings call for the fourth quarter and full year 2024, the company provided guidance for 2025, highlighting several key metrics and strategies for growth. NV5 achieved a revenue increase from $857 million in 2023 to $941 million in 2024, marking a 10% rise, while adjusted EBITDA grew by 7% to $143 million. Gross margins improved from 49.7% to 51.3%. Looking forward, NV5 set a revenue target of $1.6 billion by 2028, aiming for mid to high-single-digit organic growth and strategic acquisitions. The company entered 2025 with a backlog of $904 million, an 8% increase from the previous year, representing 88% of the low end of their revenue guidance for 2025, which is set between $1.026 billion and $1.045 billion. Adjusted earnings per share for 2025 are projected between $1.27 and $1.37. NV5 plans to enhance EBITDA margins by 150 basis points through cost optimization, improving utilization, and leveraging their Geospatial technology across segments.Record Revenue Growth
NV5 achieved a record revenue growth of 10% year-over-year, increasing from $857 million in 2023 to $941 million in 2024.
Gross Margin Expansion
The company's gross margins increased from 49.7% in 2023 to 51.3% in 2024.
Largest Backlog in Company History
NV5 entered 2025 with a $904 million backlog, the largest ever, representing 88% of the low end of the 2025 revenue guidance.
Successful Cross-Selling Initiatives
NV5's cross-selling efforts resulted in significant revenue growth, particularly in high-margin recurring services like fire protection consulting, which completed $1 million in cross-selling within its first month.
Geospatial Segment International Expansion
The Geospatial segment secured a multimillion-dollar contract for Topobathymetric LiDAR mapping in New Zealand, showcasing successful international expansion.
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NVEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NVEE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $17.43 | ― | ― |
| Nov 07, 2024 | $25.27 | $23.35 | -7.60% |
| Aug 07, 2024 | $23.77 | $24.38 | +2.57% |
| May 08, 2024 | $23.50 | $24.03 | +2.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NV5 Holdings (NVEE) report earnings?
NV5 Holdings (NVEE) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is NV5 Holdings (NVEE) earnings time?
NV5 Holdings (NVEE) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NVEE EPS forecast?
NVEE EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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