Exhibit 99.1

 

 


NV5 REPORTS FULL-YEAR AND FOURTH QUARTER 2013 RESULTS

 

- Full-Year 2013 Revenues Increased 12.6% to $68.2 Million -

 

- Net Income Increased 113% to $2.8 million -

 

- Full-Year 2013 Gross Profit Increased 10% to $34.8 Million -

 

- Full-Year 2014 Pro Forma Revenue Guidance, Assuming Full-Year Impact of Acquisitions

Closed During Q1 2014, Ranges Between $100 Million to $110 Million -

 

Hollywood, FL – March 27, 2014 – NV5 Holdings, Inc. (the “Company”) (Nasdaq: NVEE)

, a provider of professional and technical engineering and consulting solutions, reported financial results for the full-year and fourth quarter ended December 31, 2013.

 

Full-Year 2013 Financial Highlights

 

 

Full-year 2013 gross revenues of $68.2 million increased 12.6% over $60.6 million in 2012.

 

Full-year 2013 gross profit of $34.8 million increased 9.9% from $31.7 million in 2012.

 

Full-year 2013 net income of $2.8 million increased 113% from $1.3 million in 2012.

 

Full-year 2013 earnings per diluted share were $0.70, an increase of 34.6% from $0.52 in 2012.

 

“During 2013, we experienced double-digit revenue growth and drove our net income to $0.70 per share,” said Dickerson Wright, Chairman and CEO of the Company. “We also strengthened our balance sheet, improved our cash flow and expanded our backlog and service offerings.”

 

“Our strong full-year 2013 results were not only due to the positive performance of our acquisitions, but to our continuous companywide focus on adding value through process improvement and performance optimization. Ultimately, we believe the momentum we established in 2013 demonstrates the scalability of our model and strong platform for integration.”

 

 
 

The following information was filed by Nv5 Global, Inc. (NVEE) on Thursday, March 27, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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