Loading...
•
Mar 31, 2022
Bowman Q1 2022 Earnings Report
Bowman Consulting Group announced record revenue and results of operations.
Key Takeaways
Bowman Consulting Group reported a strong first quarter with record net service revenue, increased backlog, and an increased full-year outlook. The company acquired Perry Engineering and raised $17 million of additional equity for growth.
Gross revenue increased by 65% to $52.5 million compared to the same period last year.
Net service billing increased by 65% to $47.7 million compared to the same period last year.
Net income increased by 50% to $1.5 million compared to the same period last year.
Gross backlog increased by 49% to $173 million compared to the same period last year.
Bowman
Bowman
Bowman Revenue by Segment
Revenue by Segment
Building Infrastructure Revenue
CapyFin.comTransportation Revenue
CapyFin.comPower and Utilities Revenue
CapyFin.com Forward Guidance
The Company is increasing its full year 2022 outlook for Net Service Billing to be in the range of $185 to $200 million and Adjusted EBITDA in the range of $25 to $29 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income