Exhibit 99.1

 

 

NV5 ANNOUNCES STRONGEST FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS TO DATE

 

Hollywood, FL – March 10, 2015 – NV5 Global, 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 year ended December 31, 2015.

 

Full-Year 2015 Financial Highlights

 

 

Full-Year 2015 Total Revenues increased 43% to $156 Million from $109 Million

 

 

Full-Year 2015 Organic Growth was 9%

 

 

EBITDA was $17.2 million or 14% of Net Revenues up from $10.2 million or 12% of Net Revenues for 2014

     
 

Full-Year 2015 Gross Profit was 45%, compared to 42% for the full-year 2014

 

 

Full-Year 2015 Net Income increased 74% to $8.5 Million from $4.9 Million

 

 

GAAP EPS for 2015 increased 36% to $1.18 compared to $0.87 for 2014 and Adjusted EPS for 2015 increased 36% to $1.41 compared to $1.03 for 2014

 

 

Full-Year 2016 Revenue Guidance of $220 Million to $230 Million, GAAP EPS Guidance of $1.40 to $1.54, and Adjusted EPS Guidance of $1.67 per share to $1.81 per share

 

 

Backlog of $155.3 million as of December 31, 2015 compared to $82.1 million as of December 31, 2014

 

Fourth Quarter 2015 Financial Highlights

 

 

Total Revenues for the quarter increased 47% year-over-year to $42.6 million and Gross Revenues – GAAP for the quarter increased 47% year-over-year to $42.3 million

 

Organic revenue growth for the fourth quarter of 2015 was 3%

 

EBITDA for the quarter was $5.2 million or 16% of Net Revenues up from $3.0 million or 14% of Net Revenues for the fourth quarter of 2014

 

Gross Profit for the quarter was 45% compared to 39% for the fourth quarter of 2014

 

Net income for the quarter increased 90% to $2.7 million from $1.4 million for the fourth quarter of 2014

 

GAAP EPS for the quarter increased 32% to $0.33 over 8.0 million shares compared to $0.25 over 5.7 million shares in the fourth quarter of 2014, and Adjusted EPS for the quarter increased 38% to $0.41 compared to $0.30 in the fourth quarter of 2014

 

 

 
 

The following information was filed by Nv5 Global, Inc. (NVEE) on Thursday, March 10, 2016 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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