NV5 Announces New Goal of $1.6 Billion in Revenues by 2028
January 08 2025 - 7:00AM
NV5, a provider of technology, certification, and consulting
solutions, announced today that the company entered 2025 with a
budget exceeding $1 billion in gross revenues and has also
announced a new goal to reach $1.6 billion in annual revenues by
2028.
Dickerson Wright, PE, Executive Chairman of NV5, said, “NV5 has
a proven track record of achieving ambitious growth targets
throughout our history. We have achieved this impressive growth
while exceeding industry averages for profitability and remaining
at the forefront of tech-enabled engineering solutions. Driven by
our new leadership and industry tail winds, we look to capitalize
on technology services and high-margin offerings to achieve
accelerated organic growth and profitability. Today we are
announcing a new goal of $1.6 billion in annual revenues by year
2028.”
“As we enter this new phase for NV5, our growth will continue to
be driven by entrepreneurial professionals striving to deliver
unique value to our clients through technical excellence,
cross-selling initiatives, and technological innovations. Our $1.6
billion revenue target by 2028 will be driven by organic growth of
our existing capabilities, as well as investments in strategic
acquisitions in tech-based solutions and high-growth sectors,” said
Ben Heraud, CEO of NV5.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, certification, and consulting solutions for
public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: Utility services,
infrastructure engineering, conformity assessment, buildings &
technology, environmental health sciences, and geospatial services.
NV5 operates out of more than 100 offices nationwide and abroad.
For additional information, please visit the Company’s website at
www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook,
and Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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