NV5 GLOBAL Reports Second Quarter FY2023 Earnings Results for August 9 2023
August 19, 2023
🌥️Earnings Overview
NV5 GLOBAL ($NASDAQ:NVEE) reported its earnings results for the second quarter of FY2023, ending on August 9 2023, on June 30 2023. Total revenue was USD 222.6 million, an increase of 9.8% compared to the prior year quarter. Net income, however, decreased by 10.8% to USD 15.4 million year-over-year.
Stock Price
The stock opened at $105.8 and closed at $104.1, which was a drop of 1.1% from the previous closing price of 105.4. This was mainly due to an increase in the company’s revenue generated from its various services, including infrastructure engineering, construction management, environmental consulting, and project management. This was due to the company’s cost-cutting initiatives and successful implementation of its strategic plans.
Overall, NV5 GLOBAL‘s second quarter of FY2023 was a successful one for the company as it reported strong financial results and made progress towards its goals. Investors should keep an eye on the company’s future performance and look for any further updates. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nv5 Global. More…
| Total Revenues | Net Income | Net Margin |
| 800.85 | 45.42 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nv5 Global. More…
| Operations | Investing | Financing |
| 65.22 | -202.69 | 121.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nv5 Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.17k | 426.68 | 46.64 |
Key Ratios Snapshot
Some of the financial key ratios for Nv5 Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 20.5% | 7.5% |
| FCF Margin | ROE | ROA |
| 6.2% | 5.2% | 3.2% |
Analysis
GoodWhale has conducted an analysis of NV5 GLOBAL‘s financials and classified the company as ‘rhino’ under our Star Chart system. This indicates that the company has achieved moderate revenue or earnings growth but is not yet at the level of a ‘unicorn’ company. Given the high health score of 8/10 with regard to its cashflows and debt, NV5 GLOBAL is a good option for investors who are looking for a reliable stock that can safely ride out any crisis without the risk of bankruptcy. Furthermore, the company is strong in growth and profitability, medium in asset and weak in dividend, which makes it attractive for investors who prioritize these qualities. More…
Peers
The company operates in more than 100 locations across the United States and internationally. NV5’s competitors include Willdan Group Inc, Atlas Technical Consultants Inc, Guizhou Transportation Planning Survey & Design Academe Co Ltd, and other engineering and consulting firms.
– Willdan Group Inc ($NASDAQ:WLDN)
Willdan Group Inc is a provider of professional technical and consulting services to utilities, businesses, and government agencies. The company has a market cap of 172.27M as of 2022 and a Return on Equity of -2.66%. Willdan Group Inc provides services in the areas of energy efficiency, engineering, program management, and operations and maintenance. The company’s services help customers reduce costs, improve productivity, and comply with regulations.
– Atlas Technical Consultants Inc ($NASDAQ:ATCX)
Atlas Technical Consultants Inc is a engineering firm that provides professional consulting services in the areas of water resources, transportation, environmental, and land development. The company has a market cap of 273.22M as of 2022 and a ROE of -16.48%.
– Guizhou Transportation Planning Survey & Design Academe Co Ltd ($SHSE:603458)
Guizhou Transportation Planning Survey & Design Academe Co Ltd is a transportation planning and design company. It is headquartered in Guiyang, Guizhou Province, China. The company provides planning, design, consulting, and construction supervision services for transportation projects. It also offers training services.
Summary
NV5 GLOBAL reported its second quarter earnings for FY2023 on June 30th 2023, revealing total revenue for the quarter of USD 222.6 million, a 9.8% year over year increase. Net income however, decreased by 10.8%. Investors will likely be encouraged by the revenue growth, while keeping an eye out for declining profits which could indicate potential issues. As a result, careful analysis of NV5 GLOBAL’s financials and operations is needed to assess the future prospects of this company.
Related Posts
Recent Posts
