NV5 Announces Fourth Quarter and Full Year 2023 Results; Issues Full Year 2024 Guidance

 
NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES
TO COMPARABLE NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
(in thousands, except share data)
 
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
 
   Three Months Ended  Twelve Months Ended
   December 30, 2023  December 31, 2022  December 30, 2023  December 31, 2022
Net Income $         9,935   $         8,000   $         44,613   $         49,973 
Add:Interest expense         3,859           1,005           12,970           3,808 
 Income tax expense         2,888           3,702           3,597           12,401 
 Depreciation and amortization         15,522           10,972           58,020           44,063 
 Stock-based compensation          5,875               4,077               22,379               19,326  
  Acquisition-related costs*           (731 )             4,720               (3,706 )             5,612  
Adjusted EBITDA $          37,348     $          32,476     $          137,873     $          135,183  

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