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Apr 01, 2023
NV5 Q1 2023 Earnings Report
NV5's first quarter results exceeded earnings consensus and aligned with full-year guidance.
Key Takeaways
NV5 reported first-quarter results exceeding earnings consensus and in accordance with full-year guidance for revenues and earnings. The geospatial business led the quarter with 15% organic growth, offsetting headwinds in real estate transactions and LNG revenue timing.
Gross revenues for the first quarter of 2023 were $184.3 million.
Gross profit for the first quarter of 2023 was $96.0 million.
Net income for the first quarter of 2023 was $5.9 million.
GAAP EPS for the first quarter of 2023 was $0.39 per share.
NV5
NV5
Forward Guidance
NV5 maintains its full-year 2023 guidance.
Positive Outlook
- Gross revenues between $878 million and $915 million.
- GAAP EPS between $2.93 per share and $3.33 per share.
- Adjusted EPS between $5.28 per share and $5.69 per share.