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Jun 27, 2020
NV5 Q2 2020 Earnings Report
NV5's second quarter results exceeded analyst expectations, with increased gross revenues and adjusted earnings per share.
Key Takeaways
NV5 Global, Inc. reported record second-quarter results, exceeding analyst expectations in both gross revenues and adjusted earnings per share. The company secured large contracts and entered into an agreement to acquire Mediatech Design Group.
Gross Revenues increased by 27% compared to the second quarter of 2019.
Net Revenues increased by 29% compared to the second quarter of 2019.
Adjusted EPS was $0.93 per share, exceeding analyst consensus expectations of $0.59 per share.
Cash flows from operations were $37.1 million, a significant increase from $1.1 million in the second quarter of 2019.
NV5
NV5
Forward Guidance
No forward guidance was provided in the report.