Core Insights - Bowman Consulting Group Ltd. reported strong financial results for the second quarter of 2025, highlighting significant growth and strategic progress driven by high demand in core verticals such as transportation, renewables, and energy transmission [2][3][11]. Financial Performance - Gross contract revenue for Q2 2025 was $122.1 million, a 17% increase from $104.5 million in Q2 2024 [7]. - Net service billing reached $108.0 million, up 15% from $94.0 million year-over-year [7]. - Adjusted EBITDA for Q2 2025 was $20.2 million, reflecting a 50.7% increase from $13.4 million in Q2 2024 [7]. - The adjusted EBITDA margin improved to 18.7%, a 440-basis point increase from 14.3% in the previous year [7]. - Net income for Q2 2025 was $6.0 million, compared to a net loss of $2.1 million in Q2 2024 [7]. Year-to-Date Performance - For the first six months of 2025, gross contract revenue was $235.0 million, an 18% increase from $199.4 million in the same period of 2024 [7]. - Net service billing for the first half of 2025 was $208.1 million, a 16% increase from $179.7 million [7]. - Adjusted EBITDA for the first six months was $34.7 million, a 36.1% increase from $25.5 million [7]. - The adjusted EBITDA margin for the first half improved to 16.7%, up 250 basis points from 14.2% [7]. Backlog and Future Outlook - The gross backlog increased to $438.2 million, a 24.7% rise from $351.4 million year-over-year [7]. - The company anticipates net revenue for fiscal year 2025 to be between $430 million and $442 million, with adjusted EBITDA expected to be between $71 million and $77 million [11]. Stock Repurchase and Capital Management - During Q2 2025, Bowman repurchased $6.7 million of common stock, with an average price of approximately $22.19 per share [8]. - A new share repurchase program was authorized, allowing for the repurchase of up to $25 million of common stock over a 12-month period starting June 9, 2025 [9]. Adjusted Earnings Per Share - For Q2 2025, the basic adjusted earnings per share (non-GAAP) was $0.56, compared to a loss of $0.03 in Q2 2024 [10]. - For the first half of 2025, the diluted adjusted earnings per share was $0.62, up from $0.16 in the same period of 2024 [10].

Company Overview - Bowman Consulting (BWMN) shares increased by 5.9% to close at $35.95, with a notable trading volume compared to typical sessions, and a total gain of 20% over the past four weeks [1][2] Key Developments - The stock's momentum is driven by several factors, including the announcement of a $25 million innovation fund, the acquisition of e3i Engineers, and strategic contract wins with the U.S. Geological Survey and the USDA [2] Financial Performance Expectations - Bowman Consulting is expected to report quarterly earnings of $0.15 per share, reflecting a year-over-year increase of 600%. Revenue is anticipated to be $119.2 million, which is a 14.1% increase from the same quarter last year [3] - The consensus EPS estimate for the upcoming quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] Industry Context - Bowman Consulting operates within the Zacks Business - Services industry, where another company, ZipRecruiter, Inc. (ZIP), experienced a decline of 1.7% to close at $4.59, with a return of -2.9% over the past month [5]

RESTON, Va., July 14, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and project management firm, today announced the launch of a $25 million innovation investment initiative designed to accelerate organic growth and expand margins by scaling technology-enabled services. The Bowman Innovative Growth Fund ("the BIG Fund" or the "Fund") will invest in technologies that expand Bowman's digital service offerings, strengthen core operations and enhance finan ...

Core Viewpoint - Bowman Consulting Group Ltd. is set to release its financial results for the second quarter of 2025 on August 6, 2025, with a subsequent webcast scheduled for August 7, 2025, to discuss these results [1]. Company Overview - Bowman Consulting Group Ltd. is a national engineering services and project management firm headquartered in Reston, Virginia, providing infrastructure solutions across various regulated end markets [3]. - The company employs over 2,400 individuals and operates 100 offices throughout the United States, offering a range of services including planning, engineering, geospatial, construction management, commissioning, environmental consulting, and land procurement [3]. - Bowman trades on the Nasdaq under the ticker symbol BWMN [3].

Core Insights - Bowman Consulting Group Ltd. has been awarded a federal task order by the U.S. Geological Survey to lead aerial lidar data collection for the 3D Elevation Program, which aims to create a national baseline of high-resolution topographic data [1][2] - The task order covers over 8,800 square miles in regions affected by Hurricane Helene, with Bowman responsible for aerial acquisition and lidar processing, while Merrick & Company will manage the project and conduct ground surveys [2][3] - Bowman has successfully collected and processed over 150,000 square miles of lidar data under the Geospatial Products and Services Contract, reinforcing its position in high-barrier federal programs [3] Company Overview - Bowman Consulting Group is headquartered in Reston, Virginia, and employs over 2,400 staff across more than 100 locations in the U.S., providing a range of engineering and project management services [5] - The company specializes in infrastructure, technology, and project management solutions for clients in various regulated markets [5]

Core Viewpoint - Bowman Consulting Group Ltd. has entered into a definitive purchase agreement to acquire e3i Engineers, enhancing its capabilities in data center engineering and energy infrastructure [1][3]. Company Overview - Bowman Consulting Group Ltd. is a national engineering services firm headquartered in Reston, Virginia, with over 2,400 employees across 100 locations in the U.S. [5]. - e3i Engineers, based in Boston, Massachusetts, specializes in the design of data centers and energy infrastructure, with a portfolio exceeding 3.2 million square feet of designed data center space [2][4]. Strategic Importance of Acquisition - The acquisition of e3i is seen as a strategic move to expand Bowman's services beyond site and civil infrastructure into the core of data center engineering [3]. - e3i's expertise in AI-optimized data center design and innovative cooling technologies positions Bowman for long-term growth in data, digital, and distributed energy markets [2][3]. Financial Aspects - The acquisition will be financed through a combination of cash, seller notes, and a convertible note, aligning with previously discussed target multiples and operating metrics [3]. - Bowman anticipates that the acquisition will initially operate at an annualized net service billing run rate of approximately $2.0 million [3].

Core Insights - Bowman Consulting Group Ltd. has been awarded a continuation contract for the National Resource Inventory (NRI) program, focusing on aerial acquisition and orthoimagery services covering approximately 11.2 million acres across the United States [1][2] - The NRI program will survey around 70,000 sites, averaging 160 acres each, to assess the status and trends of natural resources [2] - The company's strategy emphasizes building multi-year federal revenue streams, leveraging advanced geospatial technology, and maintaining long-term client relationships to enhance revenue and value delivery [3] Company Overview - Bowman Consulting Group Ltd. is headquartered in Reston, Virginia, and operates as a national engineering services firm with over 2,400 employees across more than 100 locations in the U.S. [4] - The firm provides a wide range of services including planning, engineering, geospatial, construction management, and environmental consulting to various regulated markets [4] - Bowman trades on the Nasdaq under the symbol BWMN, indicating its public company status [4]

NASDAQ: BWMN INFRASTRUCTURE ENGINEERING FOR THE BUILT ENVIRONMENT TRANSPORTATION POWER & UTILITIES ENERGY BUILDINGS & STRUCTURES NATURAL RESOURCES Fireside Chat | Bank of America | December 10, 2024 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 ...

Financial Performance & Growth - Gross Revenue increased from $122 million in 2020 to $427 million in 2024[10] - Net Service Billing grew from $104 million in 2020 to $380 million in 2024[10] - Adjusted EBITDA increased from $14 million in 2020 to $60 million in 2024[10] - Q1 2025 saw a 19% YoY growth in Gross Contract Revenue and 17% YoY growth in Net Service Billing[24] - Adjusted EBITDA for Q1 2025 grew by 20% YoY[24] Backlog & Market Diversification - Gross Backlog increased significantly, reaching $419 million in Q1 2025, compared to $330 million in Q1 2024, a 39% increase[35] - Transportation accounted for 33% and Building Infrastructure for 39% of the Gross Backlog Mix in Q1 2025[35] - Building Infrastructure accounted for 56% of Organic Net Revenue by Market in Q1 2025, with Transportation, Power & Utilities, and Emerging Markets accounting for 19%, 19%, and 6% respectively[30] Capital Allocation & Strategy - Purchased $6.7 million of common stock in Q1 and continued buybacks into Q2 with $5.3 million as of May 2, 2025[38] - The company had 17.2 million shares outstanding on May 2, 2025[38] FY 2025 Guidance - The company projects Net Revenue between $428 million and $440 million and Adjusted EBITDA between $70 million and $76 million for FY 2025[48]

Financial Performance & Growth - Bowman's Gross Revenue increased from $122 million in 2020 to $427 million in 2024[10] - Net Service Billing grew from $104 million in 2020 to $380 million in 2024[10] - Adjusted EBITDA increased from $14 million in 2020 to $60 million in 2024[10] - Adjusted EBITDA Margin, Net increased from 13% in 2020 to 16% in 2024[10] - First Quarter 2025 saw a 19% YoY growth in Gross Contract Revenue and 17% YoY growth in Net Service Billing[24] - First Quarter 2025 Adjusted EBITDA grew by 20% YoY[24] Backlog & Visibility - Gross Backlog has shown consistent growth, reaching $419 million in 1Q25, compared to $330 million in 1Q24, a 39% increase[35] Capital Allocation & Strategy - The company purchased $6.7 million of common stock in Q1 and continued buybacks into Q2 of $5.3 million as of 05/02/25[38] - Bowman has completed 35+ acquisitions since IPO[11] - Since 2021, Bowman has added >$60 million of annualized net service billing from acquisitions each year[44] 2025 Guidance - The FY 2025 Net Revenue guidance is $428 - $440 million and Adjusted EBITDA guidance is $70 - $76 million[48]