NV5 Holdings (NVEE) Misses Q1 EPS by 2c

NV5 Holdings (NASDAQ: NVEE) reported Q1 EPS of $0.18, $0.02 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $29.2 million versus the consensus estimate of $30.4 million.

NV5 Holdings raised FY2015 EPS of $1.15, versus the consensus of $1.12. NV5 Holdings raised FY2015 revenue of $137 million, versus the consensus of $139.2 million.

"The strong financial results we are announcing for the first quarter of 2015 indicate that our steady growth strategy is working. By providing an excellent standard of service in the field, exploiting opportunities for cross-selling and synergy among our five verticals, and successfully integrating accretive acquisitions, we were able to win contracts with new clients, extend or expand our contracts with existing clients, and generate significant revenue growth and earnings per share once again for our investors," said Dickerson Wright, Chairman and CEO of NV5. "As a shareholder-value company, we succeed by setting and accomplishing ambitious but realistic organic growth and M&A goals, delivering our budget, and maintaining a clean and transparent balance sheet. We met and exceeded the goals we set for the first quarter of 2015 with revenue growth of 54% and backlog increases of 17%. The first quarter is historically our weakest performing quarter due to winter seasonality and fewer working days."

For earnings history and earnings-related data on NV5 Holdings (NVEE) click here.

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