Earnings PerformanceThe company's earnings beat expectations with net revenue of $101.6M, surpassing the consensus by 1.3%.
Growth OutlookBowman expects to see the size of M&A pick-up, with likely fewer, larger deals over the course of 2025 vs prior years, driving a deeper share of customer wallets and widening the firm’s services footprint.
Market DemandBowman Consulting Group Ltd.'s backlog increased to $380M, up 8% quarter-over-quarter and 27% year-over-year, indicating strong demand in its emerging markets business.