Bowman Consulting Group Ltd.
43.62-0.10 (-0.23%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · BWMN · USD
Key Stats
Market Cap
752.48MP/E (TTM)
67.11Basic EPS (TTM)
0.65Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Bowman Consulting Group swung to profitability in Q2 FY2025 ended June 30, 2025, with gross contract revenue climbing 16.8% year-over-year to $122.1M from $104.5M, while operating income flipped to $9.0M from a $1.2M loss. Diluted EPS hit $0.34, up from a $0.13 loss, reconciling neatly to 16.6M weighted shares with no anti-dilution flags. Acquisitions drove key gains, including Surdex's geospatial boost adding $7.8M in Q2 revenue, yet organic growth held firm across transportation (up 28%) and power/utilities (up 17%). Cash swelled to $15.5M with $16.3M operating cash flow for the half-year, supporting $59.5M drawn on the $140M revolver at 6.77%-8.70% rates; free cash flow not disclosed in the 10-Q. Post-quarter, a $2.7M deal closed with up to $2.8M contingent earnout tied to performance thresholds. Backlog hit $438M, but competition in engineering bids remains a persistent drag.
8-K
Record Q2 revenue, EBITDA soar
Bowman Consulting Group Ltd. reported robust Q2 2025 results, with gross contract revenue surging 17% to $122.1 million and Adjusted EBITDA climbing 50.7% to $20.2 million, driven by 8.4% organic net service billing growth amid strong demand in transportation, renewables, and energy transmission. Backlog expanded 24.7% to $438.2 million, signaling sustained momentum, while the company repurchased $6.7 million in shares and raised full-year guidance to $430–$442 million in net revenue and $71–$77 million in Adjusted EBITDA. Yet risks from economic shifts loom.
8-K
New $25M buyback authorized
Bowman Consulting Group Ltd. authorized a $25 million share repurchase program on June 6, 2025, effective June 9, replacing the prior one set to expire July 31. The board aims to buy back common stock opportunistically amid market conditions, while prioritizing organic and acquisitive growth. Repurchases may occur via open market or Rule 10b5-1 plans but remain discretionary. This signals confidence in the company's value, yet execution hinges on economic factors.
8-K
Board splits CEO and chair roles
Bowman Consulting Group Ltd. held its 2025 annual stockholder meeting on May 22, electing Gary Bowman and Stephen Riddick as Class I directors for three-year terms and ratifying Ernst & Young LLP as auditors for the fiscal year ending December 31, 2025. The board then split the chair and CEO roles, appointing independent director James Laurito as chair while Gary Bowman remains CEO; this realigns committees with Patricia Mulroy now leading compensation. Governance sharpens. The move bolsters oversight as the firm exits emerging growth status, yet risks from economic shifts persist.
10-Q
Q1 FY2025 results
Bowman Consulting Group posted solid Q1 results, with gross contract revenue climbing 19.0% year-over-year to $112.9 million, fueled by acquisitions adding $11.8 million while organic growth held steady. Operating income flipped to a $1.1 million profit from a $2.6 million loss last year, though net loss edged up slightly to $1.7 million, or $(0.11) per diluted share on 16.4 million shares—consistent with the prior quarter's figure, no anti-dilution flagged. Acquisitions drove the momentum, including Surdex closed April 2024 for $43.3 million (cash/stock/promissory note per Note 4), recognizing $17.7 million goodwill and $12.8 million finite-lived intangibles amortized over 12.5 years on average; UP Engineering closed February 2025 for $3.5 million (cash/note/convertible note), adding $1.3 million goodwill. Cash swelled to $10.7 million with $12.0 million from operations, free cash flow at $11.0 million (derived), yet revolver drew to $45.0 million under a $140 million facility maturing 2029, covenants intact. Acquisitions keep expanding reach, but integration hiccups could slow synergies.
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