NASDAQ$BWMN
Bowman Consulting Group Ltd · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Bowman reported a strong finish to the year, generating record revenue and growing gross backlog.
Bowman Consulting Group announced Q4 2021 financial results, featuring a 40% year-over-year increase in gross revenue and a 44% increase in net service billing. The company closed six acquisitions during the quarter, contributing to revenue synergies and economies of scale. Bowman is increasing its full year 2022 outlook for Net Service Billing and Adjusted EBITDA.
- Gross revenue increased 40% year-over-year.
- Net service billing increased 44% year-over-year.
- Gross backlog increased 48% year-over-year.
- Six acquisitions were completed during the quarter.
Headline financials
Revenue & EPS history
Bowman · Revenue · Quarterly
$41.9M
Revenue by segment
Bowman · $40.3M total across 3 segments · Q4 2021
- Building Infrastructure$31.6M—78.3%
- Power, Utilities & Energy$4.93M—12.2%
- Transportation$3.85M—9.5%
Forward guidance
The Company is increasing and narrowing its full year 2022 outlook for Net Service Billing to be in the range of $170 to $185 million and Adjusted EBITDA in the range of $23 to $27 million.
Tailwinds
- Net Service Billing to be in the range of $170 to $185 million
- Adjusted EBITDA in the range of $23 to $27 million
- Strategic and financially accretive acquisitions expected
- Management will discuss the Company’s acquisition pipeline during its upcoming earnings call.
- Completed acquisitions as of the date of this release
Headwinds
- Guidance does not include contributions from any future acquisitions.
- Forward-looking statements are subject to risks and uncertainties.
- New risks emerge from time to time.
- Difficult to predict all risks
- Operates in a very competitive and rapidly changing environment
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 Q4 2021
+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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