NASDAQ$NVEE

Nv5 Global Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

NV5's first quarter results exceeded earnings consensus and aligned with full-year guidance.

NV5 reported first-quarter results exceeding earnings consensus and in accordance with full-year guidance for revenues and earnings. The geospatial business led the quarter with 15% organic growth, offsetting headwinds in real estate transactions and LNG revenue timing.

  • Gross revenues for the first quarter of 2023 were $184.3 million.
  • Gross profit for the first quarter of 2023 was $96.0 million.
  • Net income for the first quarter of 2023 was $5.9 million.
  • GAAP EPS for the first quarter of 2023 was $0.39 per share.

Headline financials

Total Revenue

$184M

Previous: $190M-3.1%
EPS (adj)

$0.22

Previous: $0.25-12.0%
Adjusted EBITDA

$27.7M

No prior period
Capital Expenditures

$6.11M

Previous: $6.04M+1.1%
Free Cash Flow

$5.17M

Previous: $40.5M-87.2%
Net Income

$5.9M

Previous: $15.5M-61.8%
Operating Income

$8.99M

No prior period
Gross Profit

$96M

Previous: $97.5M-1.5%
Cash & Equivalents

$31.3M

Previous: $81.9M-61.8%
Total Assets

$1.09B

Previous: $960M+14.0%
Stock-Based Comp

$5.83M

Previous: $4.79M+21.7%

Revenue & EPS history

NV5 · Revenue · Quarterly

$184M

Q1 2023-3.1%vs Q1 2022
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

NV5 maintains its full-year 2023 guidance.

Tailwinds

  • Gross revenues between $878 million and $915 million.
  • GAAP EPS between $2.93 per share and $3.33 per share.
  • Adjusted EPS between $5.28 per share and $5.69 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+0.8%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-1.7%

Avg return

30 days after

60%

29 / 48 earnings

Positive

+20.9%

Q4 2017

Best reaction

-31.7%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2025+1.2%+0.7%+20.2%
Q4 2024+1.8%+4.9%+7.3%
Q3 2024-8.1%-7.8%-17.7%
Q2 2024+1.8%-2.1%-7.3%
Q1 2024+2.5%+1.5%-2.1%
Q4 2023-7.0%-7.4%-10.9%
Q3 2023+2.4%
Q2 2023-2.2%
Q1 2023+7.3%
Q4 2022-13.3%
Q3 2022-1.4%
Q2 2022-1.7%
Q1 2022-7.3%
Q4 2021+13.5%
Q3 2021+1.0%
Q2 2021+8.5%
Q1 2021-0.2%
Q4 2020-0.6%
Q3 2020+7.5%
Q2 2020+7.2%
Q1 2020+7.6%
Q4 2019-13.2%
Q3 2019-23.0%
Q2 2019-10.7%
Q1 2019+19.6%
Q4 2018-31.7%
Q3 2018+2.4%
Q2 2018+11.8%
Q1 2018+7.4%
Q4 2017+20.9%
Q3 2017-6.1%
Q2 2017+3.8%
Q1 2017+0.4%
Q4 2016+1.1%
Q3 2016+1.6%
Q2 2016-0.6%
Q1 2016+6.1%
Q4 2015+4.3%
Q3 2015-13.2%
Q2 2015+5.1%
Q1 2015+1.3%
Q4 2014+0.5%
Q3 2014+14.9%
Q2 2014-0.4%
Q1 2014+8.8%
Q4 2013+10.2%
Q3 2012-0.9%
Q3 2013-0.9%
Q2 2013
Q2 2012
Q1 2012
Q1 2013
Q4 2011

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