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NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO COMPARABLE GAAP FINANCIAL MEASURES (UNAUDITED) (in thousands, except share data) | ||||||||||||||||
| RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
|
September 28,
2024 |
September 30,
2023 |
September 28,
2024 |
September 30,
2023 | |||||||||||||
| Net Income | $ | 17,078 | $ | 13,056 | $ | 22,549 | $ | 33,578 | ||||||||
| Add: | Interest expense | 4,547 | 3,882 | 13,344 | 9,111 | |||||||||||
| Income tax (benefit) expense | (1,110 | ) | (2,185 | ) | (2,250 | ) | 382 | |||||||||
| Depreciation and amortization | 16,761 | 14,434 | 49,289 | 40,443 | ||||||||||||
| Stock-based compensation | 5,955 | 5,777 | 19,943 | 16,504 | ||||||||||||
| Acquisition-related costs* | 1,299 | 1,702 | 4,315 | (2,959 | ) | |||||||||||
| Adjusted EBITDA | $ | 44,530 | $ | 36,666 | $ | 107,190 | $ | 97,059 | ||||||||
| * Acquisition-related costs include contingent consideration fair value adjustments. | ||||||||||||||||
NV5 Announces Preliminary Unaudited Record Third Quarter Results
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