NASDAQ$NVEE

Nv5 Global Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

NV5's growth in revenues and profitability in the third quarter resulted in another record quarter and once again demonstrated the success of the NV5 business model.

NV5 Global, Inc. reported record third-quarter results, exceeding analyst consensus with a 10% increase in gross revenues, a 28% increase in net income, and a 27% increase in GAAP EPS.

  • Gross revenues increased by 10% to $204.1 million compared to Q3 2021.
  • Net income increased by 28% to $16.1 million compared to Q3 2021.
  • GAAP EPS increased by 27% to $1.05 per share compared to Q3 2021.
  • Cash flows provided by operations increased by 65% to $26.1 million compared to Q3 2021.

Headline financials

Total Revenue

$204M

Previous: $186M+10.0%
EPS (adj)

$0.38

Previous: $0.31+22.6%
Adjusted EBITDA

$36M

No prior period
Capital Expenditures

$4.5M

No prior period
Free Cash Flow

$21.6M

No prior period
Net Income

$16.1M

Previous: $12.6M+27.5%
Operating Income

$18.3M

Previous: $19M-3.3%
Gross Profit

$99.9M

Previous: $91.8M+8.8%
Cash & Equivalents

$54.2M

Previous: $121M-55.4%
Total Assets

$962M

No prior period
Stock-Based Comp

$5.63M

No prior period

Revenue & EPS history

NV5 · Revenue · Quarterly

$204M

Q3 2022+10%vs Q3 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

NV5 enters the fourth quarter with a strong backlog, a healthy acquisition pipeline, and potential high-margin, non-discretionary service offerings.

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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