NV5 Global (NVEE) Announces $100M Share Buyback

NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that its Board of Directors has authorized a share repurchase program of up to $100 million of NV5’s Class A common stock.

“This share repurchase program reflects the confidence that our Board of Directors and management team have in NV5’s strong financial position,” said Dickerson Wright, PE, Chairman and CEO of NV5. “Our company’s focus remains unchanged, creating a balance between strong organic growth and continued leadership in mergers and acquisitions. "We have a healthy pipeline of acquisition opportunities and expect our M&A program to continue to contribute to the growth of NV5.”

The Company’s shares may be repurchased from time to time, and the timing and number of shares repurchased under the program will depend on a number of factors including share price and market conditions. The execution of the repurchase program will be consistent with the Company’s capital allocation strategy, which prioritizes investments to grow the business. The share repurchase program does not obligate NV5 to acquire a specific number of shares of Class A common stock and may be cancelled or suspended at any time without notice.

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