NASDAQ$BWMN
Bowman Consulting Group Ltd · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Bowman reported record results, exceeding consensus estimates and raised guidance.
Bowman Consulting Group Ltd. reported a record third quarter with gross revenue of $71.2 million, a 79% increase compared to the previous year. Net income increased to $3.4 million, and the company raised its full-year outlook for Net Service Billing and Adjusted EBITDA.
- Reported record quarter that exceeded estimates.
- Generated growth across all markets and increased backlog through bookings.
- Acquisitions program proven successful, leading to acquired revenue growth of 24% collectively since acquisition.
- Increased full year outlook and introduced 2023 guidance, reflecting confidence in ability to continue to deliver industry leading results.
Headline financials
Revenue & EPS history
Bowman · Revenue · Quarterly
$71.2M
Revenue by segment
Bowman · $66.8M total across 3 segments · Q3 2022
- Building Infrastructure$44.8M+58.2%67.0%
- Transportation$13.2M+227.7%19.8%
- Power, Utilities & Energy$8.81M+39.9%13.2%
Forward guidance
The Company is increasing its full year 2022 outlook for Net Service Billing to be in the range of $230 to $234 million and Adjusted EBITDA in the range of $33 to $35 million. The Company is introducing its full year 2023 outlook for Net Service Billing to be in the range of $270 to $290 million and Adjusted EBITDA in the range of $42 to $48 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.6%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.6%
Avg return
30 days after
67%
16 / 24 earnings
Positive
+17.1%
Q4 2024
Best reaction
-22.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.3% | +0.1% | -4.8% | |
| Q4 2025 | -12.4% | -12.3% | -10.0% | |
| Q3 2025 | -22.5% | -21.7% | -24.9% | |
| Q1 2025 | +5.4% | +10.9% | +19.1% | |
| Q4 2024 | +17.1% | +23.5% | +19.1% | |
| Q3 2024 | +6.1% | +14.6% | +27.7% | |
| Q2 2024 | -18.9% | -23.7% | -26.3% | |
| Q1 2024 | +6.2% | +1.6% | +1.0% | |
| Q4 2023 | +16.7% | +17.7% | -5.6% | |
| Q3 2023 | +1.2% | +4.6% | +11.5% | |
| Q2 2023 | -10.4% | -7.8% | -17.5% | |
| Q1 2023 | -7.8% | -7.5% | -3.1% | |
| Q4 2022 | -5.3% | -1.6% | -11.9% | |
| Q3 2022 | +15.6% | +18.4% | +24.4% | |
| Q2 2022 | +14.7% | +8.6% | +13.5% | |
| Q1 2022 | +4.2% | +11.3% | -10.3% | |
| Q4 2021 | +7.2% | +5.3% | +16.0% | |
| Q3 2020 | -0.8% | +0.7% | +12.8% | |
| Q3 2021 | +0.9% | +0.1% | +13.8% | |
| Q2 2020 | +1.1% | +0.3% | +1.4% | |
| Q2 2021 | -0.7% | -1.5% | +1.0% | |
| Q4 2020 | +5.7% | -2.1% | +2.6% | |
| Q1 2020 | +5.7% | -2.1% | +2.6% | |
| Q1 2021 | +4.8% | +10.8% | +10.0% |
Discussion
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