Investors with an interest in Business - Services stocks have likely encountered both Bowman Consulting (BWMN) and Thomson Reuters (TRI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and ou ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q _____________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40371 _____________________________________________ BOWMAN CONSULTING GROUP LTD. (Exact Name of Reg ...

Financial Data and Key Metrics Changes - Net service billing grew by almost 17% to surpass $100 million, compared to $85.7 million last year [7][8] - Gross revenue increased by 19% to $112.9 million from $94.9 million last year [8] - Adjusted EBITDA rose by 19.6% to $14.5 million, with an adjusted EBITDA margin of 14.5%, up from 14.2% last year [10] - Gross margin slightly increased to 51.4% from 50.6% last year, indicating improved labor efficiency [9] - Cash flow from operations improved significantly to $12 million from $2.5 million last year, with an operational cash flow conversion rate of 83% [13] Business Line Data and Key Metrics Changes - Transportation revenue grew by 30%, accounting for approximately 21% of total revenue, up from 19% last year [11] - Power and Utilities revenue increased by 16%, making up 19% of revenue, down slightly from 19.5% last year [11] - Building Infrastructure revenue grew by 6%, accounting for roughly 49% of total revenue, down from 56% last year [11] - Emerging Markets revenue surged by 118%, now representing 11% of total revenue, up from 6% last year [11] Market Data and Key Metrics Changes - Organic net revenue growth was approximately 6%, doubling last year's growth rate [12] - The backlog at the end of Q1 was $419 million, a year-over-year increase of nearly $90 million [15] Company Strategy and Development Direction - The company maintains a three-pronged capital allocation strategy focusing on internal initiatives, acquisitions, and share repurchases [16] - The company emphasizes an asset-light business model, avoiding heavy equipment investments, which allows for lower capital expenditures and better cash efficiency [22][23] - The company is committed to innovation in technology, automation, and geolocation to enhance productivity and project execution [24][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong new order activity and reaffirmed full-year guidance of net revenues between $428 million and $440 million [29] - The company is well-positioned to benefit from U.S. infrastructure demands and federal investments, particularly in defense and maritime sectors [26][28] - Management acknowledged the potential impact of macroeconomic conditions but remains confident in the strength of their order book and market demand [42] Other Important Information - The company repurchased $6.7 million of common stock during the quarter, with an additional $5.3 million repurchased since the end of the quarter [14] - The balance sheet remains under-leveraged with a net debt of $97 million, providing sufficient access to capital for future investments [14] Q&A Session Summary Question: Transportation order activity outlook - Management indicated that while Q1 order activity was lighter, the outlook remains strong with large orders in the pipeline [32][33] Question: Drivers of growth in Power segment - Growth drivers include data centers, grid capacity expansion, and weather-related infrastructure fortification [34] Question: M&A market conditions - Management noted that while valuations remain strong, they are actively pursuing larger acquisitions to drive inorganic growth [36] Question: Macro conditions and end market strength - Management reported strong new bookings across all verticals, reaffirming guidance despite macroeconomic uncertainties [42] Question: Technology investment and staffing - Management believes the current workforce is stable enough to handle expected revenue growth, with plans for increased technology investments [49][50] Question: Trends in Building Infrastructure - The company sees robust growth in both residential and commercial sectors, with a solid flow of backlog to start projects [57][58]

Q1 2025 EARNINGS | MAY 7, 2025 | NASDAQ: BWMN TRANSPORTATION POWER & UTILITIES ENERGY BUILDING INFRASTRUCTURE WATER RESOURCES Presenters: Gary Bowman Chairman & CEO Bruce Labovitz Chief Financial Officer Safe Harbor Statement Please note that many of the comments made today are considered forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expr ...

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this professional services firm would post earnings of $0.39 per share when it actually produced earnings of $0.71, de ...

Financial Performance - Gross contract revenue for Q1 2025 was $112.9 million, a 19.0% increase from $94.9 million in Q1 2024[7] - Net service billing reached $100.1 million, reflecting a 16.8% increase compared to $85.7 million in the same quarter last year[7] - Adjusted EBITDA for Q1 2025 was $14.5 million, a 19.6% increase from $12.1 million in Q1 2024[7] - Organic net service billing growth was 6% in Q1 2025, compared to 3% in Q1 2024[7] - Adjusted net income attributable to common shareholders decreased to $1,135,000 in Q1 2025 from $2,984,000 in Q1 2024[23] - Basic adjusted earnings per share (Non-GAAP) for Q1 2025 was $0.07, down from $0.22 in Q1 2024[24] Cash Flow and Operations - Cash flows from operations improved significantly to $12.0 million, up from $2.5 million in the prior year[7] - The company reported a net cash provided by operating activities of $12,034,000 in Q1 2025, significantly higher than $2,519,000 in Q1 2024[21] - Cash and cash equivalents at the end of Q1 2025 were $10,700,000, compared to $11,673,000 at the end of Q1 2024[21] Backlog and Orders - The company reported a gross backlog of $418.8 million, which is a 26.9% increase from $329.9 million[7] - New orders in Q2 2025 are currently outpacing those in Q1 2025, indicating strong momentum[4] - The company’s gross backlog by category as of March 31, 2025, was 39% Building Infrastructure, 33% Transportation, 20% Power and Utilities, and 8% Emerging Markets[34] Guidance and Projections - The company maintained its fiscal year 2025 guidance, projecting net revenue between $428 million and $440 million and adjusted EBITDA between $70 million and $76 million[9] Losses - The net loss for Q1 2025 was $1.7 million, slightly higher than the net loss of $1.6 million in Q1 2024[7] - Net loss for Q1 2025 was $1,744,000, compared to a net loss of $1,558,000 in Q1 2024, representing an increase in loss of 11.9%[23] Revenue Growth - Gross contract revenue increased by 19.0% to $112,931,000 in Q1 2025 from $94,907,000 in Q1 2024[28] - Net service billing rose to $100,053,000 in Q1 2025, a 16.7% increase from $85,689,000 in Q1 2024[26] - Organic growth in gross revenue was 6.5% for Q1 2025, with notable increases in Transportation (16.2%) and Emerging Markets (12.9%) compared to Q1 2024[30] Stock Repurchase - The company repurchased $6.7 million of common stock during Q1 2025, with an average price of approximately $25.10 per share[5]

Bowman Consulting (BWMN) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 6, 2025, might help the stock move higher if these key numbers are better than e ...

Investors with an interest in Business - Services stocks have likely encountered both Bowman Consulting (BWMN) and Cintas (CTAS) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positiv ...

Bowman Consulting Group (BWMN) Q4 2024 Earnings Call March 12, 2025 05:10 PM ET Company Participants Gary Bowman - CEO & ChairmanBruce Labovitz - CFOJustin Hauke - Vice President and Senior Research Associate Conference Call Participants Aaron Spychalla - Research AnalystBrent Thielman - MD & Senior Research AnalystJeff Martin - Director of Research & Senior Research Analyst Operator Good morning. My name is Becky, and I'll be your conference operator today. At this time, I would like to welcome everyone to ...

Revenue Growth - Gross contract revenue increased to $427 million for the year ended December 31, 2024, representing a five-fold growth over the past 10 years[18]. - Organic gross contract revenue grew by $37.9 million or 10.9% compared to the year ended December 31, 2023[28]. - Approximately 60% of revenue for the year ended December 31, 2024, was derived from repeat customers[19]. - The company had a backlog of approximately $400 million as of December 31, 2024[28]. - The company aims to grow revenue five-fold over the next five years, building on a decade of both acquisitive and organic growth[58]. Market Position and Opportunities - The company ranked 78 on the ENR Top 500 Design Firms list in 2024, up from 87 in 2023[18]. - The U.S. engineering services market is projected to reach $312 billion by 2025, with a CAGR of 6.0% from 2024 to 2030[36]. - The company is positioned to capitalize on approximately $1.6 trillion in funding and incentives from U.S. federal government programs[30]. - The U.S. will need to invest $1 trillion per year in new energy capacity over the next 20 years to support economic growth and energy transition[46]. - The demand for aggregates in construction is expected to increase due to funding from the Infrastructure Investment and Jobs Act[55]. Revenue Composition - Approximately 29% of revenue in 2024 was derived from public sector customer assignments, compared to 21% in 2023[18]. - Transportation services accounted for 20.6% and 21.0% of gross contract revenue for the years ended December 31, 2024 and 2023, respectively[42]. - Power and Utilities represented 17.6% and 18.5% of gross contract revenues for the years ended December 31, 2024 and 2023, respectively[48]. - Building infrastructure constituted 51.5% and 56.3% of gross contract revenue for the years ended December 31, 2024 and 2023, respectively[52]. - Emerging markets represented 10.4% of gross contract revenue in 2024, up from 4.2% in 2023[57]. Acquisitions and Growth Strategy - The company acquired 34 operating companies and three non-operating licensing companies since its IPO in May 2021[29]. - The company plans to continue aggressive growth through acquisitions, focusing on markets with positive outlooks[59]. - Acquisition targets are evaluated based on criteria such as potential for recurring revenue and alignment with strategic growth objectives[64][66]. - In 2024, the company completed eight acquisitions for a total of approximately $79.7 million, including 1,023,786 shares of common stock valued at $33.9 million[92]. - The company maintains a dynamic pipeline for acquisitions, driven by market awareness and existing relationships[64]. Employee and Organizational Development - As of December 31, 2024, the company employed over 2,200 staff across more than 95 offices in the U.S. and two in Mexico[18]. - The company had approximately 2,200 employees as of December 31, 2024, with 93% being full-time employees[111]. - The company engages employees in organic growth through equity participation and incentives tied to performance[63]. - The company is committed to employee health and wellness, providing various innovative and flexible health programs to ensure employee safety and well-being[115]. - The company has focused on talent development, investing significant resources in training and continuous learning to maintain its position as a leading engineering services provider[117]. Financial Management - The company operates with a book-to-bill ratio for net service billing of greater than 1.0 for full years 2024 and 2023[28]. - As of December 31, 2024, the company had $37.0 million outstanding on its Credit Agreement, with interest rates tied to Term SOFR, varying between 6.91% and 8.70% based on the ratio of Funded Debt to EBITDA[343]. - A one percentage point change in the assumed interest rate of the Credit Agreement would change the company's annual interest expense by approximately $0.3 million in 2024[343]. - The company's finance lease obligations with Honour and Enterprise were $28.3 million as of December 31, 2024, bearing fixed interest rates, thus no exposure to market risk related to these obligations[344]. - The company has not entered into derivative financial instruments for trading purposes, indicating a conservative approach to market risk management[342]. Regulatory and Compliance - The company is licensed to operate in all states within the United States either directly or through an affiliate as of December 31, 2024[120]. - The company is subject to various federal, state, and local regulations that could impact its ability to obtain or renew contracts, which may impose added costs on its business[121]. Safety and Risk Management - The company’s professional safety team has established protocols leading to fewer accidents and lower associated costs, enhancing its competitive position[112]. - The company experienced a voluntary turnover rate reflective of the competitive labor market, which does not pose a substantial risk to delivering its backlog[111]. - The company’s backlog is influenced by new contracts and acquisitions, indicating effective growth strategies[102]. Marketing and Customer Relations - The company’s marketing and business development efforts focus on lead generation, cross-selling services, and expanding customer relationships[103]. - The company served a diverse portfolio of customers, with approximately 60% being repeat customers, and the ten largest customers accounting for about 18% of net service billing in both 2024 and 2023[93]. - The company aims to increase the proportion of revenue from long-term projects and multi-year contracts, with 27% of revenue in 2024 derived from public sector customers[94]. Organizational Culture - The company emphasizes a diverse and inclusive workplace to attract and retain qualified talent, which is crucial for its success[114]. - The company encourages in-person collaboration to enhance employee engagement, although it does not mandate full-time in-office attendance[116]. - A scalable organizational infrastructure has been developed to support significant growth without a proportional increase in overhead expenses[62].