NASDAQ$NVEE
Nv5 Global Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
NV5 demonstrated strong organic growth and profitability.
NV5 reported a 6% increase in gross revenues to $236.3 million and a 12% increase in gross profit to $123.3 million for the second quarter of 2024. The company raised its full-year guidance for revenue and Adjusted Earnings per Share.
- Gross revenues grew 6% to $236.3 million compared to the second quarter of 2023.
- Gross profit increased 12% to $123.3 million, with a gross margin expansion of 270 basis points to 52.2%.
- Adjusted EBITDA increased 10% to $38.5 million, with an Adjusted EBITDA margin expansion to 16.3%.
- 2024 Adjusted EPS guidance has been raised to $5.13 to $5.20 per share.
Headline financials
Revenue & EPS history
NV5 · Revenue · Quarterly
$236M
Forward guidance
NV5 raised 2024 full-year guidance for revenue and Adjusted Earnings per Share.
Tailwinds
- Gross revenue for the full year 2024 is now expected to be between $944 million and $950 million.
- 2024 GAAP EPS guidance remains $2.87 to $2.93 per share.
- 2024 Adjusted EPS guidance has been raised to $5.13 to $5.20 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 · overlaid with Q2 2024
+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
| Quarter | Report date | Reaction (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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