NV5 Announces Record Third Quarter Results; Exceeds Analysts'

NV5 Announces Record Third Quarter Results; Exceeds Analysts' Expectations

Investor Relations Contact

NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com

Source: NV5 Global, Inc.



NV5 GLOBAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data)

	October 3, 2020		December 28, 2019
Assets
Current assets:
Cash and cash equivalents	$	64,022	$	31,825
Billed receivables, net	122,678		131,041
Unbilled receivables, net	83,535		79,428
Prepaid expenses and other current assets	9,493		8,906
Total current assets	279,728		251,200
Property and equipment, net	27,957		25,733
Right-of-use lease assets, net	46,029		46,313
Intangible assets, net	182,830		255,961
Goodwill	344,003		309,216
Other assets	2,777		4,714
Total Assets	$	883,324	$	893,137

Liabilities and Stockholders’ Equity

Current liabilities:
Accounts payable	$	33,842	$	36,116
Accrued liabilities	46,810		47,432
Billings in excess of costs and estimated earnings on uncompleted contracts	9,009		3,303
Client deposits	382		221
Current portion of contingent consideration	1,334		1,954
Current portion of notes payable and other obligations	21,957		25,332
Total current liabilities	113,334		114,358
Contingent consideration, less current portion	1,733		2,048
Other long-term liabilities	42,130		34,573
Notes payable and other obligations, less current portion	306,606		332,854
Deferred income tax liabilities, net	34,956		53,341
Total liabilities	498,759		537,174

Commitments and contingencies

Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized, no shares issued and outstanding	—		—
Common stock, $0.01 par value; 45,000,000 shares authorized,
13,244,713 and 12,852,357 shares issued and outstanding as of October 3, 2020 and December 28, 2019, respectively	132		129
Additional paid-in capital	263,341		251,187
Retained earnings	121,092		104,647
Total stockholders’ equity	384,565		355,963
Total liabilities and stockholders’ equity	$	883,324	$	893,137

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 Next Page »