NV5 GLOBAL Secures $7M in Contracts for Safety and Engineering Plan Review in California
December 15, 2023
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NV5 Global Inc., a provider of professional and technical engineering and consulting solutions, has recently secured contracts worth $7M for safety and engineering plan review in California. NV5 GLOBAL ($NASDAQ:NVEE), Inc. is a professional and technical engineering services company, that provides a broad range of services for the infrastructure, energy, construction, and environmental markets. The company offers due diligence and consulting, construction quality assurance, energy engineering, and infrastructure design services. Its client base includes governmental entities, airports, public and private universities, public agencies, and the commercial sector. NV5 Global Inc. is publicly traded on the NASDAQ exchange under the ticker symbol NVEE.
The contracts are part of the company’s continuing effort to expand its presence in the West Coast states. This contract win further demonstrates NV5’s ability to deliver quality work in an efficient and cost-effective manner. The company will continue to strive for excellence and provide top-notch engineering solutions for their clients.
Market Price
This is a significant milestone for the company, and its stock opened at $109.1 and closed at $108.1, showing a 0.8% increase from its previous closing price of 107.2. The company’s safety and engineering plan review services in California will include all aspects of project planning and design including civil, structural, geotechnical, environmental, and other specialty disciplines. NV5 GLOBAL has a long history of innovating solutions to meet the needs of its clients, and this latest contract is a testament to the company’s expertise in safety and engineering plan review services. This is a great opportunity for NV5 GLOBAL, and investors are sure to benefit from the company’s continued success in the future. 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 |
| 836.06 | 42.68 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nv5 Global. More…
| Operations | Investing | Financing |
| 59.02 | -204.77 | 138.21 |
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 |
| 1.21k | 446.05 | 47.81 |
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 |
| 9.9% | 11.8% | 6.8% |
| FCF Margin | ROE | ROA |
| 5.3% | 4.8% | 3.0% |
Analysis
GoodWhale recently conducted an analysis of NV5 GLOBAL‘s fundamentals and identified it as a ‘rhino’. We classify a rhino as a type of company that has achieved moderate revenue or earnings growth. This makes NV5 GLOBAL an attractive investment prospect for investors focused on growth, profitability, and medium assets. NV5 GLOBAL’s health score was also quite high, with 8 out of 10 points awarded for its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. Additionally, although its dividend score is weak, NV5 GLOBAL offers medium return on invested capital, so investors looking for moderate yields may still be interested. 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, Inc. is an engineering and consulting company providing services in the areas of infrastructure, energy, construction, program management, and environmental services. Recently, NV5 has reported that it has been awarded $7M in contracts to build and review safety and engineering plans in California. This highlights the potential of the company to continue to generate revenue through its engineering and consulting expertise.
Investors should consider NV5’s ability to tap into new markets, especially those related to infrastructure and energy, which is expected to grow significantly in the near future. With this in mind, NV5 may be a good long-term investment.
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