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Mar 28, 2020
NV5 Q1 2020 Earnings Report
NV5 announced record first quarter results and beat consensus.
Key Takeaways
NV5 reported a successful first quarter with a 41% increase in gross revenues, a 43% increase in net revenues, a 58% increase in Adjusted EBITDA, and an 11% increase in Adjusted Earnings Per Share.
Total Revenues for the first quarter of 2020 were $167.0 million compared to $118.0 million in the first quarter of 2019.
Net Revenues for the quarter were $129.6 million from $90.7 million in the first quarter of 2019.
GAAP EPS was $0.33 per share in the first quarter of 2020 compared to $0.44 per share in the first quarter of 2019.
Adjusted EPS in the first quarter of 2020 was $0.84 per share compared to $0.76 in the first quarter of 2019.
NV5
NV5
Forward Guidance
NV5 Global is withdrawing previously provided guidance for fiscal 2020 due to the effects of the COVID-19 pandemic.