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Dec 31, 2022
NV5 Q4 2022 Earnings Report
NV5 reported record full year results and issued full year guidance.
Key Takeaways
NV5 Global, Inc. reported strong revenues and earnings for 2022, with growth in all three reporting segments and five strategic acquisitions. The company anticipates a successful year in 2023, driven by a strong backlog and anticipated merger and acquisition activity.
Gross revenues in 2022 were $786.8 million compared to $706.7 million in 2021, an 11% increase.
Net income in 2022 was $50.0 million compared to $47.1 million in 2021, a 6% increase.
Adjusted EBITDA in 2022 was $135.2 million compared to $132.9 million in 2021, a 2% increase.
GAAP EPS in 2022 was $3.27 per share compared to $3.22 per share in 2021, a 2% increase.
Forward Guidance
NV5 provided full year 2023 guidance with gross revenues between $878 million and $915 million, GAAP EPS between $2.93 and $3.33, and Adjusted EPS between $5.28 and $5.69.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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