NV5 Global, Inc. (NASDAQ:NVEE) has had a stellar 2021, with its stock price soaring an impressive 20% year-to-date. This success is largely attributed to the company’s strong Q4 2021 performance, marked by record-breaking revenue growth and increased profitability. As one of the leading professional services firms in the industry, NV5 Global is poised to continue its impressive growth trajectory in the coming months.
NV5 Global, Inc. Q4 2021 Financial Performance: Revenue Up 24.9%, EPS Up 51.9%
NVEE ), with revenue increasing 24.9% year-over-year and earnings per share (EPS) increasing 51.9%. The company was able to achieve this growth by capitalizing on its core engineering and consulting services, as well as its geospatial solutions segment. This impressive revenue growth was further bolstered by the company’s three-year, $15 million term agreement with the New York City Department of Design and Construction (NYCDDC). NV5 will provide engineering design and related services for large infrastructure projects throughout the five boroughs of New York City.
The strong financial performance and new contract have driven NV5’s stock price higher, with shares up more than 20% since the beginning of the year. This increase in stock price is a testament to the company’s ability to deliver strong results and secure long-term contracts. Investors have taken notice of NV5’s strong performance, and the company is well-positioned to continue to deliver strong financial results in the coming quarters.
NYCDDC Contract Boosts NV5 Global, Inc. Prospects: Three-Year, $15M Agreement
NVEE ). The agreement will provide the company with a steady stream of revenue for the next three years, as well as an opportunity to build relationships with the city’s leading infrastructure projects. The contract also gives NV5 a chance to showcase its engineering and consulting services to the city, which could lead to additional contracts in the future. With the contract in place, NV5 is in a strong position to capitalize on the growing demand for engineering services in the New York City region.
The strong financial performance of NV5 Global, Inc. (NASDAQ:NVEE ) in the fourth quarter of 2021 was driven by a 24.9% year-over-year increase in revenue and a 51.9% increase in earnings per share. This performance was driven by strong growth in the company’s core engineering and consulting services, as well as its geospatial solutions segment. The company’s strong financial performance, combined with the new NYCDDC contract, has driven its stock price higher and given it a strong foundation for future growth. With the contract in place, NV5 is well-positioned to capitalize on the growing demand for engineering services in the New York City region.
Stock Price Soars 20% YTD: NV5 Global, Inc. (NASDAQ:NVEE) Reaps Rewards of Strong Q4 2021 Performance
NVEE) has resulted in a 20% year-to-date (YTD) increase in stock price. This is largely due to the company’s 24.9% year-over-year growth in revenue and 51.9% increase in earnings per share (EPS). The company’s core engineering and consulting services, as well as its geospatial solutions segment, have been the primary drivers of growth. In addition, NV5 recently signed a three-year, $15 million term agreement with the New York City Department of Design and Construction (NYCDDC). This contract will provide engineering design and related services for large infrastructure projects throughout the five boroughs of New York City.
The strong performance of NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter of 2021 has been a major contributing factor to the company’s 20% YTD stock price increase. The company’s revenue and EPS growth, combined with the new contract with the NYCDDC, have positioned the company for continued success. NV5 has the potential to capitalize on the growing demand for infrastructure projects in New York City, as well as other areas of the country. With a strong financial position and a portfolio of services that span the engineering and consulting industry, NV5 is well-positioned to take advantage of the current market conditions.
NV5 Global, Inc. (NASDAQ:NVEE) has had a remarkable 2021 so far, with its stock price soaring 20% YTD. This is a testament to the company’s strong Q4 2021 performance, which has enabled it to reap the rewards of its hard work and strategic investments. From its impressive financial results to its innovative business strategies, NV5 Global, Inc. is well-positioned to continue its growth trajectory in the coming year. With a solid foundation and a bright future ahead, NV5 Global, Inc. is a stock worth watching as it continues to reap the rewards of its strong performance.