NV5 Announces Record Third Quarter Results; Exceeds Analyst Consensus

NV5 GLOBAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
(in thousands, except share data)

  Three Months Ended  Nine Months Ended
  October 2, 2021  October 3, 2020  October 2, 2021  October 3, 2020
Gross revenues$185,553  $169,949  $518,151  $498,118 
        
Direct costs:       
Salaries and wages45,145  46,815  131,630  136,929 
Sub-consultant services35,779  26,003  89,003  78,673 
Other direct costs12,802  10,370  35,714  27,771 
Total direct costs93,726  83,188  256,347  243,373 
          
Gross profit 91,827     86,761     261,804     254,745  
               
Operating expenses:              
Salaries and wages, payroll taxes and benefits 44,597     43,750     131,761     133,456  
General and administrative 12,978     13,216     37,891     38,196  
Facilities and facilities related 5,194     5,370     15,330     16,125  
Depreciation and amortization 10,108     10,187     29,764     32,387  
Total operating expenses 72,877     72,523     214,746     220,164  
               
Income from operations 18,950     14,238     47,058     34,581  
               
Interest expense (1,475 )   (3,731 )   (5,362 )   (11,921 )
               
Income before income tax expense 17,475     10,507     41,696     22,660  
Income tax expense (4,902 )   (2,753 )   (10,005 )   (6,215 )
Net income and comprehensive income $ 12,573     $ 7,754     $ 31,691     $ 16,445  
               
Earnings per share:              
Basic $ 0.86     $ 0.62     $ 2.27     $ 1.33  
Diluted $ 0.83     $ 0.61     $ 2.19     $ 1.30  
               
Weighted average common shares outstanding:              
Basic 14,593,623     12,434,600     13,963,372     12,328,448  
Diluted 15,069,660     12,749,917     14,486,683     12,650,107  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise