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Bowman Consulting Group, Ltd. (BWMN)
:BWMN
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 26.49%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record revenues and profits in 2024, backed by strategic acquisitions and a robust backlog. The outlook for 2025 is optimistic with increased guidance and anticipated growth across key markets. However, there are some challenges anticipated in emerging markets and interest rate-sensitive areas. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
The guidance provided during the call highlighted a strong financial performance for Bowman Consulting Group Ltd. in 2024, with record net service billings, net income, adjusted EBITDA, and adjusted EBITDA margin. The company achieved a gross revenue of $113 million in the fourth quarter, marking a 22% increase from the previous year, and a net revenue of $98.6 million, a 23% increase. Net income rose to $5.9 million, or $0.34 per share, from a net loss of $7.7 million the previous year. Adjusted EBITDA for the quarter was $17 million, with a 17.2% margin on net revenue. For the full year, gross revenue reached $426.6 million, a 23% increase year-over-year, with net income improving to $3 million. The company ended the year with a backlog of nearly $400 million, providing strong visibility for continued revenue growth into 2025. Bowman also increased its guidance for 2025, forecasting net revenues between $428 and $440 million and adjusted EBITDA between $70 and $76 million, aiming for sustained high teens margins.Record Financial Performance
Achieved record net service billings, net income, adjusted EBITDA, and adjusted EBITDA margin for 2024. Fourth quarter gross revenue increased by 22% and net revenue by 23% compared to the previous year, exceeding consensus estimates.
Strong Cash Flow and Backlog
Generated operating cash flow that nearly doubled compared to the first nine months of 2024. Entered 2025 with a record backlog of $399 million, indicating strong future revenue visibility.
Successful Strategic Acquisitions
Completed eight strategic acquisitions in 2024 that expanded geographic reach and service offerings, enhancing expertise in areas like bridge design, utilities, and sustainability.
Improved Profitability
Restored GAAP profitability with net income increasing by $9.6 million to $3 million. Adjusted EBITDA for the year was $59.5 million, a 26.6% year-over-year increase.
Positive Outlook for 2025
Increased 2025 guidance with expected net revenues of $428 to $440 million and adjusted EBITDA between $70 and $76 million. Anticipate continued strong demand across transportation, power, and data center markets.
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BWMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $18.80 | $22.01 | +17.07% |
| Nov 06, 2024 | $23.50 | $23.54 | +0.17% |
| Aug 06, 2024 | $31.73 | $25.33 | -20.17% |
| May 06, 2024 | $30.41 | $33.24 | +9.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bowman Consulting Group, Ltd. (BWMN) report earnings?
Bowman Consulting Group, Ltd. (BWMN) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Bowman Consulting Group, Ltd. (BWMN) earnings time?
Bowman Consulting Group, Ltd. (BWMN) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWMN EPS forecast?
BWMN EPS forecast for the fiscal quarter 2025 (Q1) is 0.09.
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