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Dec 30, 2023
NV5 Q4 2023 Earnings Report
NV5 demonstrated robust financial performance, marked by revenue growth and strategic acquisitions.
Key Takeaways
NV5 reported a 14% increase in gross revenues for Q4 2023 compared to Q4 2022, driven by growth initiatives in infrastructure, transportation, and buildings sectors, alongside strategic acquisitions aimed at expanding subscription-based revenues. Net income and GAAP EPS also saw significant increases, while adjusted EPS experienced a slight decrease. The company is well-positioned for accelerated organic growth in 2024 and aims to achieve a $1 billion revenue run rate by the end of the year.
Gross revenues increased by 14% to $215.5 million compared to the same period in 2022.
Net income rose by 24% to $9.9 million compared to the same period in 2022.
GAAP EPS increased by 23% to $0.64 per share compared to the same period in 2022.
Adjusted EBITDA increased by 15% to $37.3 million compared to the same period in 2022.
NV5
NV5
Forward Guidance
NV5 anticipates gross revenues between $930 million and $935 million, GAAP EPS between $2.86 and $2.92, and adjusted EPS between $5.00 and $5.06 for the fiscal year 2024.