Core Insights - NV5 has completed the acquisition of CRS Survey PLLC to enhance its operations in North Carolina, focusing on land surveying and mapping services for transportation infrastructure and land development [1][2][3] - The acquisition is expected to be immediately accretive to NV5's earnings and will strengthen its capabilities in supporting transportation clients across the state [3][4] Company Overview - NV5 Global, Inc. is a provider of technology, certification, and consulting solutions, primarily serving public and private sector clients in utility, infrastructure, and building assets [6] - The company operates in six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services [6] CRS Survey Overview - CRS Survey is headquartered in Charlotte, NC, and offers topographic surveys, boundary surveys, and construction staking services for infrastructure improvements and land development [5] - The company serves both public and private sector clients in the greater Charlotte metropolitan area, Greensboro, and Winston-Salem [3][5] Market Context - The demand for surveying services has increased due to the adoption of new technologies and a shortage of licensed surveyors, leading to high margins in the industry [2] - NV5 has been a leader in infrastructure design and TIC services for over 20 years, particularly for the North Carolina Department of Transportation [2]

NV5 Global (NVEE) closed the last trading session at $17.64, gaining 0.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $25.25 indicates a 43.1% upside potential.The average comprises four short-term price targets ranging from a low of $22 to a high of $28, with a standard deviation of $2.75. While the lowest estimate indicates an increase of 24.7% from the current price level, t ...

Core Insights - NV5 Global (NVEE) is currently rated 2 (Buy) by Zacks Rank, while Symbotic Inc. (SYM) holds a 3 (Hold) rating, indicating a stronger earnings outlook for NVEE compared to SYM [3] - NVEE has a Value grade of A, whereas SYM has a Value grade of D, suggesting that NVEE is perceived as a better value opportunity [6][7] Valuation Metrics - NVEE has a forward P/E ratio of 13.36, significantly lower than SYM's forward P/E of 87.14, indicating that NVEE may be undervalued relative to SYM [5] - The PEG ratio for NVEE is 2.53, while SYM's PEG ratio is 2.90, suggesting that NVEE offers a more favorable valuation when considering expected earnings growth [5] - NVEE's P/B ratio stands at 1.36, in stark contrast to SYM's P/B ratio of 31.84, further highlighting NVEE's relative undervaluation [6]

Core Insights - NV5 has completed the acquisition of Herman Cx, enhancing its capabilities in commissioning and conformity assessment services for hyperscale data centers [1][2] - The acquisition is expected to be immediately accretive to NV5's earnings and is part of the company's strategy to grow its domestic data center business [1][2] Company Overview - NV5 Global, Inc. provides technology, certification, and consulting solutions across various sectors, focusing on utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services [5] - The company operates from over 100 offices nationwide and internationally [5] Acquisition Details - Herman Cx specializes in QA/QC support and commissioning services for mission-critical data centers, with over 90 years of combined employee experience in the sector [4] - The acquisition was executed through a combination of cash and stock [1] - Herman Cx has commissioned data center infrastructure up to 175 megawatts and offers comprehensive mission-critical testing and commissioning services [2][4] Strategic Growth - Data centers are a significant growth driver for NV5, contributing over 20% organic growth [3] - The acquisition is expected to create cross-selling opportunities for NV5's existing services, including MEP-technology design, fire protection, and power delivery [2][3]

Core Insights - NV5 Global, Inc. has been awarded $18 million in data center design and commissioning contracts in the U.S. and Asia, enhancing its leadership in the expanding data center sector [1][2] - The company will provide high-efficiency cooling and power distribution solutions, addressing the increasing demands from AI workloads and cloud computing [2][3] - NV5 has surpassed one gigawatt (GW) in global data center systems design and commissioning, showcasing its expertise in energy-efficiency solutions and innovative cooling technologies [3] Company Overview - NV5 Global, Inc. offers technology, certification, and consulting solutions for both public and private sector clients, focusing on utility, infrastructure, and building assets [4] - The company operates in six business verticals: Utility services, infrastructure support, conformity assessment, buildings & technology, environmental health sciences, and geospatial services [4] - NV5 has a presence in over 100 offices both domestically and internationally [4]

HOLLYWOOD, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), NV5, a provider of compliance, technology, and engineering solutions, announced today that it has been awarded a five-year, $5 million contract by the Florida Department of Transportation (FDOT) to provide geotechnical engineering and construction materials testing for Florida’s Turnpike Enterprise, the FDOT district responsible for all toll roads and bridges. The contract will support infrastructur ...

HOLLYWOOD, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced today that it has secured over 250 megawatts (MW) of data center projects in Thailand, reinforcing NV5’s position as a key partner in the expansion of large scale data center infrastructure. NV5 has accelerated its growth in the Thailand data center market with the recent award of a $6 million project to provide commissionin ...

Core Viewpoint - NV5 Global (NVEE) shows potential for significant upside, with a mean price target of $25.25 indicating a 36.7% increase from the current price of $18.47 [1] Price Targets - The average price target consists of four estimates ranging from a low of $22 to a high of $28, with a standard deviation of $2.75, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 19.1% increase, while the highest suggests a 51.6% upside [2] Analyst Sentiment - Analysts are increasingly optimistic about NVEE's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price movements [9] - Over the last 30 days, two estimates have been revised upward, leading to a 5.2% increase in the Zacks Consensus Estimate [10] Zacks Rank - NVEE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [11] Price Target Reliability - While consensus price targets are often sought after, they may not reliably indicate actual stock price movements, and should be approached with skepticism [5][8]

Core Insights - NV5 Global (NVEE) is currently viewed as a stronger investment option compared to Amplitude, Inc. (AMPL) for value investors seeking undervalued stocks [1][3][7] Valuation Metrics - NVEE has a forward P/E ratio of 13.91, significantly lower than AMPL's forward P/E of 166.96, indicating NVEE may be undervalued [5] - The PEG ratio for NVEE is 2.64, while AMPL's PEG ratio stands at 4.32, suggesting NVEE has a more favorable growth outlook relative to its valuation [5] - NVEE's P/B ratio is 1.42, compared to AMPL's P/B of 4.08, further supporting the notion that NVEE is undervalued [6] Earnings Outlook - NVEE is experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]

Revenue Sources - For fiscal years 2024, 2023, and 2022, approximately 63%, 68%, and 64% of NV5 Global's gross revenues were derived from public and quasi-public sector clients[34]. - Public and quasi-public sector clients represented approximately 63%, 68%, and 64% of gross revenues in 2024, 2023, and 2022, respectively[72]. - The company anticipates continued revenue growth from public and quasi-public sector clients, which historically show resilience during economic downturns[200]. Client Base and Market Engagement - The company serves approximately 11,300 clients, with the ten largest clients accounting for about 25% of gross revenues for the year ended December 28, 2024[72]. - The ten largest clients accounted for approximately 25% of gross revenues during the fiscal year ended December 28, 2024, indicating a concentration risk[118]. - Approximately 28% of gross revenues in fiscal years 2024, 2023, and 2022 came from California-based projects, indicating a significant reliance on this region[110]. Organizational Structure and Employee Expertise - NV5 Global operates over 100 locations in the U.S. and abroad, enhancing local market expertise and client engagement[28]. - NV5 Global's organizational structure promotes client service through a flat model, ensuring access to qualified professionals across service verticals[27]. - NV5 Global's experienced employees average over 20 years in the engineering and consulting industry, emphasizing the importance of human capital[31]. - The company had 5,024 employees as of December 28, 2024, including 4,714 full-time employees[81]. Service Segments - The Infrastructure segment includes engineering, civil program management, utility services, and conformity assessment practices[37]. - The Building, Technology & Sciences segment encompasses clean energy consulting, data center commissioning, and environmental health sciences[37]. - The Geospatial Solutions segment focuses on geospatial practices, enhancing the company's service capabilities[38]. Growth Strategy and Acquisitions - The company aims to pursue strategic acquisitions to expand service offerings and geographic footprint, focusing on tech-enabled solutions with high profitability[36]. - The company maintains a full-time M&A initiative focused on identifying acquisition targets and enhancing existing service offerings[70]. - The company’s growth strategy includes acquisitions, which could disrupt operations and impact business results if not successfully integrated[151]. - The company faces challenges in identifying suitable acquisition candidates and may not be able to acquire additional companies on acceptable terms[154]. - Future acquisitions may not perform as expected, potentially failing to realize anticipated revenue and profits[156]. Financial Performance - Gross revenues for fiscal year 2024 reached $941,265,000, a 9.8% increase from $857,155,000 in 2023[194]. - Net income for fiscal year 2024 was $27,979,000, down 36% from $43,724,000 in 2023[194]. - Total assets increased to $1,315,356,000 in 2024, up from $1,184,195,000 in 2023, representing an 11.1% growth[196]. - Total equity rose to $833,014,000 in 2024, compared to $774,906,000 in 2023, marking a 7.4% increase[196]. - Operating expenses for 2024 totaled $439,799,000, a 20% increase from $366,273,000 in 2023[194]. - Basic earnings per share decreased to $0.45 in 2024 from $0.72 in 2023, reflecting a 37.5% decline[194]. Risk Factors - The company relies on a limited number of clients for a significant portion of its business, which poses a risk if contracts are not renewed[100]. - Economic downturns and budget constraints faced by state and local governments may lead to project delays or cancellations, adversely affecting financial results[106]. - A delay in the U.S. government's budget process could negatively impact future revenue due to potential procurement delays[107]. - The competitive landscape is highly fragmented, with numerous competitors, which may force the company to make price concessions and affect profitability[119]. - The company faces risks related to cybersecurity breaches, which could adversely impact operations and financial condition[143]. Compliance and Regulatory Issues - The company is subject to various regulatory compliance requirements, including procurement laws and environmental regulations[93]. - Compliance with various procurement laws and regulations is critical, as violations could lead to sanctions and loss of government contractor status[158]. - Regulatory compliance related to data privacy and security is essential, with potential fines and penalties for non-compliance[167]. - The company may face liabilities under environmental laws, which could result in substantial costs and impact financial performance[162]. Sustainability and Corporate Governance - The company is committed to sustainability, focusing on greenhouse gas emissions reduction and expanding its subscription-based energy efficiency services[80]. - Executive Chairman Mr. Dickerson Wright owns approximately 10.7% of the common stock, giving him significant influence over corporate decisions[173]. - The company does not currently pay dividends and does not intend to do so in the foreseeable future[104]. - The company has anti-takeover provisions that may deter acquisition attempts and affect stockholder participation in such proposals[174].