Exhibit 99.1

 

 


NV5 ANNOUNCES RECORD FOURTH QUARTER AND FULL YEAR 2014 FINANCIAL RESULTS 

 

- Full-Year 2014 Revenues Increased 59% to $108.4 Million from $68.2 Million -

 

- Full-Year Net Income Increased 77% to $4.9 Million from $2.8 Million -

 

- Full-Year 2015 Revenue Guidance of $124 Million to $132 Million and Diluted EPS Guidance of $1.01 to $1.09 -

 

Hollywood, FL – March 26, 2015 – NV5 Holdings, Inc. (Nasdaq: NVEE) (“NV5” or the “Company”), a provider of professional and technical engineering and consulting solutions, today reported financial results for the fourth quarter and full year ended December 31, 2014.

 

Fourth Quarter 2014 Financial Highlights

 

 

Gross revenues for the quarter increased 70% year over year to $28.7 million

 

Organic revenue growth for the quarter was 14% compared to the fourth quarter of 2013

 

Operating margins increased 85% to 8.7% in the fourth quarter of 2014 from 4.7% in the fourth quarter of 2013

 

Net income for the quarter increased 163% to $1.4 million

 

Diluted EPS for the quarter increased 150% to $0.25

 

Backlog of $82.1 million as of December 31, 2014 increased 36% from $60.2 million as of December 31, 2013

 

“We are pleased to announce a record performance not only for the fourth quarter but for the full-year 2014. We again generated double-digit revenue and net income growth, while also increasing our backlog by 36%,” said Dickerson Wright, Chairman and CEO of NV5. “The organic growth increases and bottom line performance increases we experienced were well above the industry standard. This is a substantial accomplishment considering that many companies in our space have historically had significant challenges in this regard.”

 

“In addition to growing organically, we expanded our program management service line with the strategic acquisition of Joslin, Lesser & Associates, a program management and owner’s representation consulting firm. Our plan to drive organic growth through process improvement, synergy among our verticals, and scalability in our support services is working, and we will continue to ardently pursue acquisition opportunities that will enhance and expand our business.”

 

Gross revenues for the fourth quarter of 2014 were $28.7 million, a 70% increase from the fourth quarter of 2013. Net revenue1 for the fourth quarter of 2014 was $21.2 million, an increase of 55% from the fourth quarter of 2013. Our organic growth for the fourth quarter of 2014 was 14%.

 

 
 

The following information was filed by Nv5 Global, Inc. (NVEE) on Thursday, March 26, 2015 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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