NASDAQ$NVEE

Nv5 Global Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

NV5 reported record full year results and issued full year guidance.

NV5 Global, Inc. reported strong revenues and earnings for 2022, with growth in all three reporting segments and five strategic acquisitions. The company anticipates a successful year in 2023, driven by a strong backlog and anticipated merger and acquisition activity.

  • Gross revenues in 2022 were $786.8 million compared to $706.7 million in 2021, an 11% increase.
  • Net income in 2022 was $50.0 million compared to $47.1 million in 2021, a 6% increase.
  • Adjusted EBITDA in 2022 was $135.2 million compared to $132.9 million in 2021, a 2% increase.
  • GAAP EPS in 2022 was $3.27 per share compared to $3.22 per share in 2021, a 2% increase.

Headline financials

Total Revenue

$190M

Previous: $189M+0.7%
EPS (adj)

$0.30

Previous: $0.40-25.0%
Capital Expenditures

$815K

Previous: $9.86M-91.7%
Free Cash Flow

$12.8M

Previous: $86.2M-85.2%
Net Income

$8M

Previous: $4.57M+74.9%
Operating Income

$12.7M

No prior period
Gross Profit

$93M

Previous: $79.8M+16.5%
Cash & Equivalents

$38.5M

Previous: $64.9M-40.6%
Total Assets

$936M

Previous: $881M+6.2%
Stock-Based Comp

$4.08M

Previous: $15M-72.7%

Revenue & EPS history

NV5 · Revenue · Quarterly

$190M

Q4 2022+0.7%vs Q4 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

NV5 provided full year 2023 guidance with gross revenues between $878 million and $915 million, GAAP EPS between $2.93 and $3.33, and Adjusted EPS between $5.28 and $5.69.

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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