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Stock impact report

NV5 Announces Record First Quarter Results; Beats Consensus

NV5 Global, Inc. (NVEE) 
Last nv5 global, inc. earnings: 2/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nv5.com/investor-overview
Company Research Source: GlobeNewswire
HOLLYWOOD, Fla., May 07, 2020 (GLOBE NEWSWIRE) -- 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 first quarter ended March 28, 2020. In the first quarter, Gross Revenues increased 41%, Net Revenues increased 43%, Adjusted EBITDA increased 58%, and Adjusted Earnings Per Share increased 11%. “NV5 delivered a successful first quarter, including organic growth and beating consensus on both gross revenues and adjusted EPS.  We are fortunate that a majority of NV5 services are non-discretionary, minimizing the impact of economic cycles on business performance, and we have implemented COVID-19 business continuity procedures for our field-based personnel, office-based personnel, and technicians to minimize risks to employees and business performance.  NV5 continues to be in a stable and solid financial position, and is a highly-scalable organization with limite Show less Read more
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