Reports Q3 revenue $239.3M, consensus $238.56M. “NV5 delivered record revenues of $239M in the third quarter of 2023, a 17% increase over the same period a year ago. Our geospatial business continued to build upon its strong performance in the first half of 2023 and we had strong performances by our clean energy, technology, data center, and international businesses. Our Red Technologies acquisition expanded our international footprint as we capitalized on the universal demand for data centers. The infrastructure business continues its acceleration throughout 2023, growing 6% compared to the second quarter of 2023 and 16% compared to the first quarter. We approach 2024 with a record backlog of $833M and we are well-positioned to achieve our goal of a $1B revenue run rate by the end of next year.” said CEO Dickerson Wright.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NVEE:
- NV5 Announces Third Quarter Results; Exceeds Analyst Consensus
- NV5 to Host Third Quarter 2023 Conference Call on Thursday, November 2nd at 4:30pm ET
- NV5 Global awarded $7M contract for pedestrian safety improvements in NYC
- NV5 Awards 2023 National Society of Black Engineers Scholarships
- NV5 Awarded $10 Million Geospatial Forest Resource Management Contract