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Jan 02, 2021
NV5 Q4 2020 Earnings Report
NV5 demonstrated strong financial performance with revenue and profit growth.
Key Takeaways
NV5 announced record fourth quarter and full year 2020 results, exceeding analysts' expectations. Gross Revenues grew by 22% and Net income grew by 28% in the fourth quarter of 2020.
Gross Revenues grew by 22% to $161.2 million.
Net income grew by 28% to $4.6 million.
Adjusted EBITDA grew by 37% to $24.4 million.
Adjusted EPS increased by 28% to $0.82 per share.
NV5
NV5
Forward Guidance
The company enters 2021 with strong momentum and expects to see benefits from a market focus on reliable delivery of power and environmental sustainability, a healthy acquisition pipeline, and the reopening of the economy throughout 2021.