Loading...
•
Dec 31, 2022
Bowman Q4 2022 Earnings Report
Bowman achieved record revenue and doubled adjusted EBITDA.
Key Takeaways
Bowman Consulting Group Ltd. reported record financial results for the year ended December 31, 2022. The company generated record revenue, doubled adjusted EBITDA, and added close to 700 professionals.
Gross revenue increased by 80% to $75.6 million.
Organic gross revenue growth was 30% year-over-year.
Net income was $0.5 million, compared to a net loss of ($0.6) million.
Adjusted EBITDA increased by 169% to $9.4 million.
Bowman
Bowman
Bowman Revenue by Segment
Revenue by Segment
Building Infrastructure Revenue
CapyFin.comTransportation Revenue
CapyFin.com Forward Guidance
The Company is increasing its full year 2023 outlook for Net Service Billing to be in the range of $280 to $295 million and Adjusted EBITDA in the range of $43 to $49 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income