NV5 GLOBAL Wins $5M Contract to Enhance Wastewater Collection in California

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NV5 GLOBAL ($NASDAQ:NVEE), Inc. is a professional and technical engineering, geospatial, and infrastructure consulting solutions provider that has recently secured a $5M contract to enhance wastewater collection in California. The company has offices around the world and is listed on the NASDAQ Global Select Market under the ticker symbol NVEE. The company will be responsible for developing an engineering solution that will enable efficient wastewater collection and prevent environmental damage. They will also provide project management services along with construction management and inspection services. NV5 GLOBAL is well-positioned to provide high quality engineering solutions, as they have significant experience in providing municipal infrastructure engineering solutions.

The company has completed wastewater engineering projects around the world, which makes them an obvious choice for this important project. It also demonstrates the company’s commitment to providing quality services to customers in the environmental engineering sector. This $5M contract is a testament to their capabilities and expertise in this field.

Market Price

On Wednesday, NV5 GLOBAL Inc., a provider of professional and technical engineering and consulting solutions, announced that it has been awarded a $5M contract from the Central Coast Regional Water Quality Control Board to enhance wastewater collection and improve efficiency in California. This is expected to improve the water quality of the Santa Ynez River and provide key insights for other similar projects in the state. The announcement of the contract sent shares of NV5 Global down by 2.4% from its last closing price of 108.6 to 106.0. The decision to award the contract to NV5 Global reflects the company’s expertise in engineering, consulting and related services, as well as its success in providing cost-effective solutions to clients. Live Quote…

About the Company

Income Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

GoodWhale recently conducted an analysis of NV5 GLOBAL‘s wellbeing. According to our Star Chart, NV5 GLOBAL is strong in growth and profitability, medium in asset and weak in dividend. Based on this, we classified NV5 GLOBAL as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given the moderate growth rate, NV5 GLOBAL may be attractive to value investors who prefer a balanced approach between growth and value stocks. It may also be appealing to income investors, who are looking for dividend income as NV5 GLOBAL offers relatively low dividend yields. In addition, NV5 GLOBAL has a high health score of 8/10 considering its cash flows and debt, indicating that it is capable of paying off debt and funding future operations. This makes it a good option for investors who prioritize a company’s financial stability and health. Overall, NV5 GLOBAL seems to be an attractive option for a range of investors. 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 (NASDAQ: NVEE) is an engineering and professional services company that recently won a $5 million contract to improve wastewater collection in California. This is a great opportunity for investors interested in the company, as it shows that NV5 Global is continuing to expand its operations and develop more projects and services for the future. Investors can also take comfort in the fact that NV5 Global has an experienced management team, and the company has a history of successful projects and a strong track record of delivering value to shareholders. Investors should do their own research and pay attention to the company’s financial performance before making any investment decisions.