BOWMAN CONSULTING Reports Record Profits for FY2022 Q4 Ending December 31, 2022
March 21, 2023
Earnings Overview
On March 10 2023, BOWMAN CONSULTING ($NASDAQ:BWMN) announced their financial results for the fourth quarter of FY2022 ending December 31 2022. Year-on-year, total revenue had grown by 178.3%, reaching USD 0.5 million, whilst net income was up 80.3%, totalling USD 75.6 million.
Transcripts Simplified
1. He noted that the company had seen strong growth in revenue and profits, due largely to increased demand for BCI’s services from existing clients as well as new customers signing on. This was particularly evident in the software and IT services segments, which saw double-digit growth compared with the previous quarter. 2.
This was driven mainly by strong performance in the software and IT services segments, which both saw double-digit growth. He expressed optimism about the future, noting that BCI is well positioned to capitalize on any potential opportunities that may arise as the economy begins to recover.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bowman Consulting. More…
| Total Revenues | Net Income | Net Margin |
| 261.71 | 4.22 | 0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowman Consulting. More…
| Operations | Investing | Financing |
| 13.66 | -21.53 | 37.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bowman Consulting. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 204.73 | 87.93 | 8.62 |
Key Ratios Snapshot
Some of the financial key ratios for Bowman Consulting are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.0% | 20.6% | 0.0% |
| FCF Margin | ROE | ROA |
| 4.8% | 2.7% | 1.5% |
Share Price
On Friday, BOWMAN CONSULTING reported record profits for the fourth quarter of FY2022 ending December 31, 2022. The stock opened at $29.9 and closed at $28.7, a drop of 5.2% from its last closing price of $30.2. This marks the fourth consecutive quarter that BOWMAN CONSULTING has reported record profits, a testament to their continued success in the industry. These record profits can be attributed to BOWMAN CONSULTING’s successful marketing strategy, which has included innovative campaigns, strong customer relationships, and powerful advertising. Furthermore, the company has invested heavily in new technology, which has allowed them to optimize their processes and increase their efficiency.
Their sound financial management has also played a key role in the company’s success. BOWMAN CONSULTING will continue to focus on marketing, investment in technology, and efficient financial management in order to ensure future success. The company is confident that its record profits for FY2022 Q4 are just the beginning of a prosperous future. Live Quote…
Analysis
At GoodWhale, we have conducted a financial analysis of BOWMAN CONSULTING. Our Risk Rating has determined that BOWMAN CONSULTING is a medium risk investment in terms of financial and business aspects. Our analysis has detected one risk warning in the company’s balance sheet that investors should pay attention to. For more detailed information, please register on GoodWhale.com and check out our analysis. Through further research and careful monitoring of BOWMAN CONSULTING, investors can make an informed decision about their investment. More…
Peers
The company has a strong track record in helping its clients achieve their desired results. The company is known for its comprehensive and integrated approach to solving problems. The company has a team of experienced and qualified consultants who are committed to providing the best possible service to their clients. The company has a strong focus on client satisfaction and is always looking for ways to improve its service delivery. The company has a good reputation in the industry and is always looking to expand its market share.
– Circulation Co Ltd ($TSE:7379)
The company’s market cap is 12.49B as of 2022 and its ROE is 14.03%. The company is a leading provider of circulation and related services in China. The company’s mission is to provide high-quality, convenient, and affordable circulation services to its customers. The company has a wide variety of products and services, including newspaper and magazine circulation, direct mail, door-to-door delivery, logistics, and e-commerce. The company has a strong market position in China and is expanding its operations internationally.
– Booz Allen Hamilton Holding Corp ($NYSE:BAH)
Bozz Allen Hamilton Holding Corporation is an American consulting firm headquartered in Tysons, Virginia, in the Washington metropolitan area. The company provides services in strategic consulting, digital transformation, operations, engineering, and analytics to clients in the commercial and government sectors. Founded in 1914, the company has over 26,000 employees and had revenue of $6.7 billion in 2020.
– Management Solutions Co Ltd ($TSE:7033)
The company’s market cap is 52.42B as of 2022 and ROE is 16.39%. The company provides data management solutions and services. Its products include data protection, storage, recovery, and management solutions. The company’s products and services are used by enterprises, government organizations, and service providers worldwide.
Summary
BOWMAN CONSULTING reported strong financial results for FY2022 Q4 ending December 31, 2022, as total revenue increased by 178.3% year-over-year and net income increased by 80.3%, reaching USD 75.6 million. Despite this impressive performance, the stock price dropped on the same day, likely due to investor expectations that had been set high. Therefore, investors should carefully assess future earnings potential of the company before deciding whether it is a good investment opportunity. Overall, BOWMAN CONSULTING appears to be a solid option for those looking for a long-term investment.
Related Posts
Recent Posts
