BWMN
Bowman Consulting Group Ltd.36.13
+0.30+0.84%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
RPT integrates fast; M&A clarified
Q&A emphasized RPT's seamless integration—faster than any prior deal—with early cross-sell wins in natural gas midstream and easy Houston staffing via insourcing. No M&A slowdown: just bigger, strategic targets amid organic tech investments. Building infrastructure shows early traction from affordable housing stimulus; natural resources hums with water, mining, imaging demand. Margins to expand 50-80bps via labor timing, automation. Leverage hits 2x pro forma but targets 1.5-2x on cash flow. CEO transition stresses retention, culture. Watch backlog conversion, WC tweaks.
Key Stats
Market Cap
627.69MP/E (TTM)
37.25Basic EPS (TTM)
0.97Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Bowman Consulting crushed FY2025 with gross contract revenue hitting $490 million, up 14.9% y/y, fueled by 12.8% organic growth and seven tuck-in buys adding scale in power/utilities and natural resources. Q4 momentum surged via late-year acquisitions like RPT Alliance, pushing backlog to $479 million (up 20.1% y/y) with Power, Utilities & Energy now at 24%. Margins expanded to 16.8% Adjusted EBITDA (from 15.7%), yet net income jumped to $12.8 million on tighter cost controls. Buybacks chewed $24 million in stock; revolver drew to $95 million (post-$250M expansion). CEO transition looms. Backlog isn't ironclad—clients can cancel anytime.
8-K
Record 2025 results, raised guidance
Bowman Consulting crushed 2025 with net service revenue up 14.5% to $434.8M, organic growth of 12.4%, and Adjusted EBITDA soaring 22.5% to $72.9M at 16.8% margin. Backlog swelled 20.1% to $479.1M; raised 2026 net revenue guidance to $495-510M. CEO Gary Bowman plans 2026 retirement. Credit facility bumped to $250M.
8-K
CEO Bowman to retire 2026
Bowman disclosed CEO Gary Bowman's planned retirement and board resignation later in 2026, after non-renewal notice on February 12; he'll stay until successor named, then advise. CFO Bruce Labovitz got amended deal with $2M special bonus vesting April 1, 2027. COO Dan Swayze's term extended to 2028, plus 11,438 retention RSUs/RSUs. Succession risks transition hiccups.
10-Q
Q3 FY2025 results
Bowman Consulting posted solid Q3 momentum, with gross contract revenue up 10.6% y/y to $126.0M from $113.9M, while operating income swung to $5.3M from $0.4M. YTD revenue climbed 15.3% y/y to $361.1M, flipping YTD operating income positive at $15.5M versus a $3.4M loss; diluted EPS hit $0.62 on 16.8M shares, reconciled cleanly. Cash swelled to $16.2M on $26.5M operating cash flow, revolver drew to $57.0M (of $140M facility, in covenant compliance). Three small 2025 buys added $2.7M intangibles. Acquisitions fuel the push. Yet competition shadows every bid.
IPO
Website
Employees
Sector
Industry
ACM
AECOM
98.35+0.39
BAFBF
BALFOUR BEATTY
9.44+0.00
ECG
Everus Construction Group, Inc.
89.22-0.35
EME
EMCOR Group, Inc.
624.56+0.47
J
Jacobs Solutions Inc.
133.95-1.57
PWR
Quanta Services, Inc.
438.49+2.62
STN
Stantec Inc
94.59+1.02
STRL
Sterling Infrastructure, Inc.
319.13+0.01
TTEK
Tetra Tech, Inc.
34.15-0.29
WLDN
Willdan Group, Inc.
103.77-0.74