Bowman Consulting Group

Bowman Consulting Group Ltd. operates as a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. It provides planning, engineering, construction management, commissioning, environmental consulting, survey, land procurement and technical services. The company was founded by Gary P. Bowman on June 5, 1995 and is headquartered in Reston, VA.

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Bowman Consulting Group achieves record revenue and growth milestones

Bowman Consulting Group's Q1 2023 performance reflects robust financial growth, increased backlog, and strategic positioning in key markets, showcasing resilience and potential for further expansion.
While facing challenges in maintaining growth rates and executing acquisitions, the company's strong balance sheet, diversified revenue streams, and growth outlook present opportunities for sustained success.
With a clear focus on long-term vision, market diversification, and operational efficiency, Bowman Consulting Group demonstrates confidence in meeting future growth targets and strategic objectives.

Bowman Consulting Group reports robust Q2 performance and growth outlook

Bowman Consulting Group delivered a strong performance in Q2 2023, driven by strategic acquisitions, organic growth, and improved operational efficiency.
While facing challenges such as a net loss attributed to labor buildup, the company remains optimistic about its future prospects, as reflected in increased guidance figures.
By capitalizing on revenue synergies, optimizing cost structures, and leveraging market opportunities, Bowman is poised for continued growth and success in the industry.

Bowman Consulting Group excels in Q3, eyes growth opportunities ahead

Bowman Consulting Group's Q3 2023 performance reflects robust growth, operational efficiency, and revenue diversification, positioning the company for continued success.
While facing challenges in sustaining growth momentum and managing debt amidst expansion, the company has opportunities to leverage industry tailwinds and government funding for future growth.
Maintaining a positive outlook for 2023 and beyond, Bowman Consulting Group aims to capitalize on strong demand, strategic initiatives, and a solid backlog to drive future financial performance.

Bowman reports strong revenue growth amidst integration challenges and optimism

Bowman's Q4 performance showcased revenue growth but was marred by integration challenges, leading to a net loss, while full-year results demonstrated strong revenue and EBITDA growth.
The company's strategic strengths lie in increased revenue guidance, focus on technology investments, and revenue diversification, positioning them for future success.
Challenges include integration issues, backlog project turnover, and potential impacts from tax positions, while opportunities in market optimism, infrastructure funds, and project visibility offer avenues for growth.

Bowman Consulting Group reports strong Q1 performance and growth outlook

Bowman Consulting Group's Q1 2024 performance reflects resilience and growth potential, supported by revenue increases and backlog expansion.
The company's strategic initiatives, including revenue diversification and acquisition integration, position it for future success and market leadership.
While facing challenges in short-term financial impacts and integration, Bowman Consulting Group is well-positioned to capitalize on growth opportunities and achieve its 2024 targets.

Bowman Consulting Group achieves record Q3 revenue, eyes strategic growth

Bowman Consulting Group's Q3 2024 performance reflects strong financial results and strategic advancements.
The company's focus on operational efficiency, leadership changes, and acquisitions positions it for future growth.
While challenges exist in meeting ambitious revenue targets, opportunities in market sectors and strategic initiatives offer avenues for expansion.

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RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced it had entered into a definitive purchase agreement for the acquisition of Perry Engineering LLC (“Perry”). Founded in 2012 and headquartered in Tucson, Arizona, Perry delivers civil engineering consulting and land surveying for residential, commercial, industrial, education, and healthcare related projects. Under the leadership of Ken Perry, the company's founder, Perry serves

Bowman Expands Arizona Operations Through Acquisition of Perry Engineering

Bowman Consulting Group Ltd (NASDAQ: BWMN) has agreed to acquire Terra Associates, Inc., for an undisclosed sum. Terra is a Houston, Texas-based private firm that delivers civil design and engineering solutions to clients focused on traffic and transportation planning, water-wastewater solutions, landscape and irrigation systems, office and industrial facilities, and multi-family development.

Bowman Expands Texas Operations With Acquisition Of Terra Associates

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced it had entered into a definitive purchase agreement for the acquisition of Terra Associates, Inc. (“Terra”). Closing is scheduled to occur on December 31, 2021, subject to customary closing conditions. Headquartered in Houston, Texas, Terra delivers civil design and engineering solutions to clients focused on traffic and transportation planning, water-wastewater solutions, land

Bowman Expands Texas Operations Through Acquisition of Houston and San Antonio based Terra Associates, Inc.

Bowman Consulting Group Ltd (NASDAQ: BWMN) has acquired Texas-based professional services firm 1519 Surveying, LLC. Deal terms were not disclosed.

Bowman Acquires Texas-Based 1519 Surveying For Undisclosed Sum

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of 1519 Surveying, LLC (“1519”). Established in 1974 and headquartered in Waco, Texas, 1519 delivers a variety of engineering and survey solutions to a diverse base of private and public clients. Services include land surveying, aerial imaging, GIS mapping, 3-D laser scanning and civil engineering. Under the continuing leadership of Aaron McMillan and David Doss

Bowman Expands Survey, Geomatics and Civil Engineering Practice Through Acquisition of 1519 Surveying, LLC

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of Kibart, Inc. (“Kibart”). Established in 1986 and based in Towson, Maryland, Kibart delivers a variety of services including mechanical, electrical and energy engineering, master planning, utility and infrastructure design, commissioning, LEED-certification design, and construction administration. Under the leadership of Ed Abbott, Kibart service

Bowman Consulting Group Expands Building Services and MEP Practices Through Acquisition of Kibart, Inc.

RESTON, Va.--(BUSINESS WIRE)-- #BetterWithBowman--Bowman Consulting Group Ltd. (“Bowman”), (NASDAQ: BWMN), named Jeffrey Blair, PE, vice president of acquisitions integration. In that role, Jeff will work closely with the leadership of acquired firms to ensure a smooth transition. During his 18 years with Bowman, Blair has served in both key corporate and operations positions. “After becoming a public company, we focused on accelerating growth through acquisition and expanded the organization in a very intentional

Bowman Names Jeffrey Blair as Vice President of Acquisitions Integration

B. Riley analyst Alex Rygiel raised the price target on Bowman Consulting Group Ltd (NASDAQ:BWMN) to $22 (an upside of 27%) from $19 and reiterated a Buy rating on the shares post the Q3 beat. Rygiel expects more acquisitions this year and through 2022 given the company's "strong" pipeline and current discussions.

B. Riley Remains Bullish On Bowman Consulting, Bumps Up Price Target

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (Nasdaq: BWMN) (“Bowman” or the “Company”), a national engineering services firm supporting owners and developers of the built environment, today announced results of operations for the three and nine months ended September 30, 2021, which include record revenue. “The third quarter was the highest revenue quarter in company history, as we continue to experience strong demand across our end markets,” said Gary Bowman, Chairman and CEO of

Bowman Consulting Group Announces Third Quarter 2021 Financial Results

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of BTM Engineering, Inc. (“BTM”), a diversified professional services firm based in Louisville, Kentucky. Established in 1980, BTM offers a variety of services including civil and structural engineering, planning, land survey and 3-D scanning, landscape architecture, and cellular infrastructure design. “The acquisition of BTM is an important next s

Bowman Consulting Group Ltd. Expands into Louisville, KY Through Acquisition of BTM Engineering, Inc.

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it will release financial results for the quarter ended September 30, 2021 after the U.S. market close on Wednesday, November 10, 2021. Bowman will host a webcast to discuss its third quarter 2021 results at 9:00 a.m. ET on Thursday, November 11, 2021. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question

Bowman Consulting Group Announces Dates for Third Quarter 2021 Earnings Release and Webcast

Bowman Consulting Group Ltd (NASDAQ: BWMN) has acquired the assets of PCD Engineering, Inc., a building services engineering and M/E/P firm based in Denver, Colorado. Financial terms were not disclosed.

Bowman Consulting Acquires PCD Engineering For Undisclosed Sum

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of PCD Engineering, Inc. (“PCD”), a building services engineering and M/E/P firm based in Denver, Colorado. Established in 2000 and led by its founder Peter D'Antonio, PCD delivers a variety of building related services including M/E/P engineering, building envelope testing, sustainable design and integrated green building solutions, commissioning

Bowman Consulting Group Ltd. Expands Building Services and M/E/P Practices Through Acquisition of PCD Engineering, Inc.

Bowman Consulting Group Ltd (NASDAQ: BWMN) has acquired the assets of Triangle Site Design, headquartered in Raleigh, NC. Triangle, led by its founder Matt Lowder, for an undisclosed sum.

Bowman Consulting Acquires Triangle Site Design, No Terms Disclosed

RESTON, Va.--(BUSINESS WIRE)-- #teambowman--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of Triangle Site Design (“Triangle”) headquartered in Raleigh, NC. Triangle, founded in 2008 and led by its founder Matt Lowder, delivers civil engineering and land planning services to clients throughout the Research Triangle area of North Carolina. “We are excited to welcome Matt and his team to Bowman,” said Gary Bowman, CEO of Bowman. “We've be

Bowman Consulting Group Ltd. Acquires Raleigh, NC Based Triangle Site Design

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd (“Bowman”) today announced that Jim Brezack has joined the company as Water Resources Director. He will be responsible for overseeing Bowman's national water resources practice, working with clients to address water supply challenges and provide insight and solutions relating to water conservation, water reclamation and water supply planning. This includes the interpretation and application of state and federal environmental policies. “W

Bowman Consulting Group adds Jim Brezack as Water Resources Director

RESTON, Va.--(BUSINESS WIRE)--Q2 2021 Earnings Release

Bowman Consulting Group Announces Second Quarter 2021 Financial Results

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the acquisition of the assets of McFarland-Dyer & Associates (“MDA”) headquartered in the greater Atlanta area. Founded in 1995, McFarland-Dyer & Associates delivers civil engineering, land planning, land surveying, and landscape architecture services to public and private sector clients throughout the Southeast. “We are excited and happy to welcome all of the MDA emplo

Bowman Consulting Group Acquires Assets of McFarland-Dyer & Associates in Atlanta

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it will release financial results for the quarter ended June 30, 2021 after the U.S. market close on Wednesday, August 11, 2021. Bowman will host a webcast to discuss its second quarter 2021 results at 9:00 a.m. ET on Thursday, August 12, 2021. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question and ans

Bowman Consulting Group Announces Dates for Second Quarter 2021 Earnings Release and Webcast

Bowman Consulting Group Ltd (NASDAQ: BWMN) has received a $10 million task order contract award with the Cook County Department of Transportation and Highways in Illinois relating to the County's Pavement Preservation and Rehabilitation program (PPR). The company will provide construction management services to include engineering and inspection services on a sole-source, task order basis for pre-construction, construction, and post-construction phases of the PPR.

Bowman Consulting Bags $10M Task Order With Cook County Department Of Highways

RESTON, Va.--(BUSINESS WIRE)-- #teambowman--Bowman Consulting Group (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it has received a $10 million task order contract award (the “Award”) with the Cook County Department of Transportation and Highways in Illinois (the “County”) relating to the County's Pavement Preservation and Rehabilitation program (“PPR”). The term of the Award is for three years with two one-year renewal and extension options for the County. Under the terms of the Award, Bo

Bowman Consulting Group Awarded $10 Million Task Order with Cook County Department of Highways

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (Nasdaq: BWMN) (“Bowman” or the “Company”), a national engineering services firm supporting owners and developers of the built environment, today announced financial results for the quarter ended March 31, 2021 which included year-over-year increases of 11% in gross revenue and 157% in adjusted EBITDA. “The first quarter was our final quarter as a private company and it was clearly a busy period for us,” said Gary Bowman, Chairman and C

Bowman Consulting Group Announces First Quarter 2021 Financial Results

RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (Nasdaq: BWMN) today announced that the underwriters of its previously announced initial public offering of common stock have exercised their option to purchase an additional 115,925 shares at the public offering price of $14.00 per share, resulting in additional gross proceeds of approximately $1.6 million. After giving effect to the partial exercise of the overallotment option, the total number of shares so

Bowman Consulting Group Announces Partial Exercise of Underwriters' Overallotment Option

RESTON, Va.--(BUSINESS WIRE)---- $BWMN #teambowman--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it will release financial results for the quarter ended March 31, 2021 after the U.S. market close on Thursday, June 10, 2021. Bowman will host a webcast to discuss its first quarter 2021 results at 9:00 a.m. ET on Friday, June 11, 2021. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question and answer ses

Bowman Consulting Group Announces Dates for First Quarter 2021 Earnings Release and Webcast

RESTON, Va.--(BUSINESS WIRE)---- $BWMN--Bowman Consulting Group Ltd. (“Bowman”) today announced the closing of its initial public offering of 3,690,000 shares of common stock at a price to the public of $14.00 per share. Bowman's common stock began trading on the Nasdaq Global Market under the symbol “BWMN” on May 7, 2021. The gross proceeds to Bowman from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Bowman, are approximately $51.7 million.

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