Bowman Consulting Group Ltd., a consulting company, provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals. The company also provides construction management services, including constructability review, value engineering, budgeting and cost estimating, interagency and utility coordination, onsite observation and report evaluation, public communication and outreach, and resident engineer services, as well as bid solicitation, documentation, and preparation services; and environmental consulting services consisting of wetlands and waters of the U.S. delineations, natural resources inventories, wildlife and vegetation surveys, threatened and endangered species surveys, endangered species conservation and management, wetland creation and enhancement design, NEPA documentation, section 404/401 permitting and compliance, NPDES permitting, and phase I environmental site assessment. In addition, it offers landscape architecture, land procurement and right-of-way acquisition, structural engineering, surveying and geospatial engineering, and transportation and water resources engineering services, as well as mechanical, electrical, and plumbing engineering services. The company was incorporated in 1995 and is headquartered in Reston, Virginia.
IPO Year: 2021
Exchange: NASDAQ
Website: bowman.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2024 | $37.00 | Outperform | Robert W. Baird |
| 5/24/2024 | $36.50 | Buy | BofA Securities |
| 12/8/2023 | $45.00 | Buy | ROTH MKM |
| 9/5/2023 | $46.00 | Buy | Craig Hallum |
| 11/12/2021 | $19.00 → $22.00 | Buy | B. Riley Securities |
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8-K - Bowman Consulting Group Ltd. (0001847590) (Filer)
10-Q - Bowman Consulting Group Ltd. (0001847590) (Filer)
8-K - Bowman Consulting Group Ltd. (0001847590) (Filer)
8-K - Bowman Consulting Group Ltd. (0001847590) (Filer)
8-K - Bowman Consulting Group Ltd. (0001847590) (Filer)
Bowman Consulting Group Ltd. (NASDAQ:BWMN) ("Bowman" or the "Company"), a national engineering and infrastructure services firm supporting owners and developers of the built environment, today released financial results for the three and nine months ended September 30, 2024. "I'm pleased to report that we are delivering on our commitment to profitable growth," said Gary Bowman, Chairman and CEO of Bowman. "For the first time in our history, we exceeded $100 million in net revenue in a single quarter. We are all justifiably proud of this significant milestone given our full year net revenue in 2020, the last year before our IPO, was $103 million. This accomplishment is a testament to the re
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), today announced it has entered into a definitive purchase agreement to acquire Exeltech Consulting, Inc. ("Exeltech") based in Lacey, Washington. Exeltech specializes in bridge design, transportation planning, environmental compliance, civil engineering, landscape architecture, permitting and construction management for owners and operators of transportation infrastructure, transit facilities, ports and harbors, waterfront developments, building structures, and storm drainage and utility systems. Led by Santosh Kuruvilla, PE, SE, PMP, Exeltech serves clients throughout the Pacific Northwest from offices in Washington, O
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, today announced the completion and publication of its inaugural double materiality assessment. The assessment underscores the company's commitment to enhancing its sustainability, engagement and governance strategies and practices. A double materiality assessment engages with stakeholders to determine the environmental, societal, and financial effects that risks and opportunities associated with sustainability and governance present to the comp
Bowman Consulting Group Ltd. ("Bowman" or the "Company") (NASDAQ:BWMN), today announced that it will release financial results for the third quarter of 2024 after the U.S. financial markets close on Wednesday, November 6, 2024. The Company will host a webcast to discuss its third quarter results at 9:00 a.m. ET on Thursday, November 7, 2024. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call. Webcast To attend the live webcast, please visit the Bowman Investor Relations website at investors.bowman.com or click here. A replay of the webcast will also be available following the event. About Bowman Consulting Group Ltd. Headquartered in Rest
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has entered into a $1.2 million contract from a leading exploration and production company to provide comprehensive asset management and regulatory compliance tracking services for over 1,000 wells in the Delaware Basin, Texas. Bowman's scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites ranging from 1 to 8 acres. By capturing and updating asset data in real time, the Company's deliverables enable the client to meet forthcomin
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has been contracted by Virginia Department of Transportation (VDOT) to provide survey, right-of-way (ROW) and utility relocation engineering for 13 separate projects throughout Virginia. The assignments include the I-64 Hampton Roads Express Lanes (HREL 1A), a bundle of five intersection improvements in Albemarle County and seven bridge improvement projects in VDOT's Bristol and Salem districts. "We appreciate the opportunity to contribute to the long-term sustainability and reliabilit
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, today announced that Michael Bruen notified the Company of his planned retirement, effective as of January 3, 2025, and his resignation as President of the Company and as a member of the Company's board of directors, effective as of October 4, 2024. For the period between Mr. Bruen's resignation as President and a director and his retirement, Mr. Bruen has agreed to serve as an Executive Advisor to the Company's Chief Executive Officer to assist in
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, has been contracted by the Illinois Department of Transportation (IDOT) to provide corridor management and design services for a 15.6-mile corridor of I-55. "We are excited to start working on the highly impactful and innovative I-55 corridor assignment," said Gary Bowman, chairman and CEO of Bowman. "This is one of several awards where we've been anticipating and planning for a final contract and notice to proceed for several months. We had the ne
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has been contracted to commence engineering services impacting safety improvements along portions of Roosevelt Boulevard (US 1) in Philadelphia, PA. Key elements of the assignment include intersection modifications, traffic signal enhancements, pedestrian accommodations, signing and striping upgrades, bus stop improvements and green stormwater infrastructure. Bowman's assignment is to help facilitate a roadway corridor with enhanced pedestrian mobility, efficient movement for vehicles,
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has been contracted to immediately commence survey services for Taxiway V as part of the Fourth Parallel Runway Program at Charlotte Douglas International Airport (CTL) in Charlotte, NC. Bowman's scope of work includes comprehensive survey services for the new 10,000-foot-long by 150-foot-wide runway, including as-built surveys, subgrade and field control verification and construction, electrical and storm sewer staking. This project represents a significant addition to Bowman's aviati
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The Company anticipates the acquisition will initially contribute at an annualized net service billing run rate of approximately $4.0 million and be immediately accretive. Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiples and operating metric ranges.
Baird analyst Andrew Wittmann initiates coverage on Bowman Consulting Group (NASDAQ:BWMN) with a Outperform rating and announces Price Target of $37.
In the preceding three months, 6 analysts have released ratings for Bowman Consulting Group (NASDAQ:BWMN), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 3 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $45.58, a high estimate of $49.00, and a low estimate of $36.
B of A Securities analyst Sherif El-Sabbahy initiates coverage on Bowman Consulting Group (NASDAQ:BWMN) with a Buy rating and announces Price Target of $36.5.
On Wednesday, Bowman Consulting Group Ltd. (NASDAQ:BWMN) said it has been selected by the Arizona Department of Transportation (ADOT) to provide engineering and oversight services related to the construction of pedestrian and bicycle grade separation at Arizona State University’s Tempe campus. “Bowman is deeply familiar with ASU and Tempe, and we understand how this project benefits students, faculty and community members,” said Jay Yenerich, transportation market leader at Bowman. The ADOT project marks Bowman’s first major contract with ADOT, displaying its strategic expansion into the public works and transportation markets in the Western U.S. Bowman, as the main engineering con
Roth MKM analyst Jeff Martin maintains Bowman Consulting Group (NASDAQ:BWMN) with a Buy and lowers the price target from $49 to $47.
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, has appointed Gabriel Secrest, PE, to vice president of mining and west regional manager. He's succeeding Kent Lang, who is retiring after a distinguished career. Gabriel brings 18 years of experience in all facets of mining project development and execution, including project management, engineering management, risk management, on-site construction management, feasibility studies and mechanical engineering. His ability to proactively manage large-scale domestic and international proje
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Moore Consulting Engineers ("Moore"), a mechanical, electrical, plumbing, and fire protection ("MEP/FP") engineering firm based in Shamong, New Jersey. Moore provides comprehensive MEP/FP engineering services to private and public sector clients throughout the United States. Founded in 2003 by current president Jeffrey Moore, PE, LEED AP, the firm provides specialized and generalized expertise in the areas of heating, ventilation, and air systems
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, proudly announces the appointment of David Stickles, RPLS, PSM, PLS, as director of business development, geospatial survey. Stickles brings to Bowman over three decades of experience working with transportation departments and highway administrations, including the Florida Department of Transportation (FDOT), the Maryland State Highway Administration and the Maryland Port Administration. Based out of Bowman's Plano, TX office, he will focus on securing government and public sector con
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, proudly announces the appointment of Dan Brewer, PE, to principal, regional manager, Carolinas' operations. Operating from Bowman's Charlotte, NC, office, Brewer will oversee operations across four key offices—Charlotte, Raleigh, Charleston and Columbia—with a focus on driving growth and development across the region. With a career spanning nearly 40 years in civil engineering, geotechnical engineering and land development, Brewer will leverage his proven processes and strong reputatio
Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, proudly announces the appointment of Mark Borushko as senior vice president, West. In this role, Borushko will spearhead the expansion of Bowman's comprehensive services across the Western United States while capitalizing on emerging opportunities in the private and public sectors. Operating from Bowman's Mesa, AZ, office, Borushko brings a proven track record of leading regional and national teams to achieve top-line revenue goals. He possesses expertise in operational management, str
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Trudell Consulting Engineers and its wholly owned Vermont Underground Locators subsidiary (collectively "TCE"), a multi-disciplinary engineering firm located just outside Burlington in Williston, Vermont. Founded in 1975, TCE works with both public and private clients across multiple sectors. Led by current CEO and president Jeremy Matosky, PE, the firm provides civil engineering, landscape architecture, land surveying, utility locating and environ
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), today announced the acquisition of Davis, California based Blankinship & Associates ("Blankinship"). Blankinship, an environmental sciences and engineering firm, specializes in providing water resources services, natural resource management services, permitting and compliance services, and specialized training. Established in 2000 by current president Mike Blankinship, the firm serves both public and private sector clients providing solutions to complex environmental and natural resources challenges that intersect the built environment and natural resources. Blankinship's staff of professionals will all become Bowman em
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, announced the appointment of Lance Hendrix, PE, to the newly created position of Chief Revenue Officer (CRO). "Lance's experience and impressive track record in the engineering and construction industry, along with his strategic vision, align him perfectly with our strategic organic growth initiatives," said Gary Bowman, chairman and CEO of Bowman. "His ability to facilitate collaboration and promote a culture of selling will accelerate our efforts to secure profitable new business
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN) is pleased to announce the opening of an office in Nashville, TN, marking the Company's inaugural location in the state. In connection with the expansion, Bowman has appointed Matthew Hamby, PE as Nashville branch manager to lead local operations and growth in the area. Establishing an office in Nashville builds upon Bowman's successful track record of serving national clients in the area. The new location strategically connects Bowman's existing offices and allows the company to tap into additional revenue streams and leverage local talent. By capitalizing on these resources, Bowman aims to enhance its service offerin
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN) announced the appointment of Jay Yenerich, PE as Regional Chief Engineer for Transportation in Arizona. With more than 25 years of statewide project management in transit, highway, Intelligent Transportation Systems (ITS) and signals project experience, Yenerich will be responsible for developing Bowman's public, municipal and private transportation practice in Arizona. Bowman has extensive transportation experience on the East Coast from Maine to Florida along with thriving transportation sectors in Illinois and Texas. Prior to joining Bowman, Yenerich was Director of Design for CivTech, a Scottsdale-based DBE, where
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Redmond, Washington based FCS Group ("FCS"). FCS is a professional services firm focused on addressing the financial, management and economic challenges facing public sector entities including utilities, state and local governments, regional agencies and public safety organizations. Led by current President and Principal John Ghilarducci, FCS specializes in utility rate and fee advisory services along with utility management, financial and e
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure design solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Element Engineering LLC ("Element"), a civil, water and wastewater engineering services firm based in Lakewood, Colorado. Element serves rural communities and specialty districts throughout the Rocky Mountain West and Midwest. The firm delivers a comprehensive suite of professional, innovative, and cost-effective engineering solutions to its clients. Working with primarily municipal clients, Element strives to meet each client's unique ass
Bowman Consulting Group Ltd. (NASDAQ:BWMN) ("Bowman" or the "Company"), a national engineering and infrastructure services firm supporting owners and developers of the built environment, today released financial results for the three months ended March 31, 2024. "The first quarter delivered the revenue rebound we were expecting," said Gary Bowman, Chairman and CEO of Bowman. "Net service billing increased consecutively each month during the quarter in line with our expectations. Demand for engineering services remains strong and we generated healthy new orders during the quarter, especially in transportation which showed a meaningful increase as a percentage of total backlog. With the bul
Bowman Consulting Group Ltd. ("Bowman" or "the Company") (NASDAQ:BWMN), today announced it entered into a $100 million aggregate revolving credit agreement with Bank of America, N.A, as Administrative Agent, and TD Bank, N.A., as Syndication Agent (the "Credit Agreement"). With a five-year term, the Credit Agreement replaces the Company's $70 million revolving line of credit with Bank of America. The general provisions of the Credit Agreement are similar to the predecessor credit facility. "This expanded credit facility reflects our long-term partnership with Bank of America and adds a new relationship in TD Bank," said Gary Bowman, Chief Executive Officer. "The new facility further secur
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today issued additional commentary regarding its February 16, 2024 pre-release of 2023 non-GAAP financial metrics (the "Pre-Release") and announced the acquisition of Speece Lewis Engineers ("Speece Lewis"), a transportation, bridge design, surveying, and hydraulics focused engineering firm based in Lincoln, Nebraska. Additional Commentary Regarding 2023 Pre-Release The Company noted that it was not withdrawing its 2024 guidance in connection with the Pre-Release announcement bu
Bowman Consulting Group Ltd. ("Bowman" or the "Company") (NASDAQ:BWMN), today announced the scheduling of its 2023 earnings release and investor conference call along with preliminary results for fiscal 2023 Net Service Billing and Adjusted EBITDA, both non-GAAP financial measures. The Company will release its financial results for the fourth quarter and full year 2023 after the U.S. financial markets close on Monday, March 11, 2024. The Company will host a webcast to discuss its fourth quarter and full year results at 9:00 a.m. ET on Tuesday, March 12, 2024. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question-and-answ
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Hess-Rountree, Inc. ("Hess-Rountree"), a full-service engineering firm headquartered in Phoenix, Arizona. With an emphasis on renewable energy, educational and sports facilities projects, Hess-Rountree provides comprehensive civil engineering, land surveying, contract administration, 3D laser scanning, UAV aerial mapping and photography and as-built BIM modelling services to a range of clients. All Hess-Rountree employees have joined Bowman in co
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of High Mesa Consulting Group ("High Mesa"), a multi-disciplinary consulting firm headquartered in Albuquerque, New Mexico. Founded in 1977, High Mesa provides land and UAV (drone) based surveying, mapping, and geospatial services; sub-surface utility infrastructure engineering, inspection, and mapping; civil engineering; and planning services throughout New Mexico, Eastern Arizona, and Southwestern Colorado. High Mesa is Bowman's tenth acquisition in
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of CFA, Inc. ("CFA"), headquartered in Reno, Nevada. Founded in 1981, CFA provides a mix of civil engineering, planning, surveying, mapping, and remote sensing to a mix of public and private sector customers. CFA works on projects involving public works and utility infrastructure, traffic and transportation management, data centers, healthcare facilities, educational institutions, hospitality venues, and recreational complexes. The firm's staff of a
Bowman Consulting Group Ltd. (the "Company" or "Bowman") (NASDAQ:BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment, today announced the acquisition of Dennis Corporation ("Dennis"), a civil engineering, surveying and construction management firm headquartered in Columbia, SC. Supporting public and private sector clients, Dennis specializes in delivering general civil infrastructure planning and design; program and construction management and oversight; environmental and geotechnical services for traffic and transportation; intelligent transportation systems (ITS), aviation, water resources and p
Robert W. Baird initiated coverage of Bowman Consulting Group with a rating of Outperform and set a new price target of $37.00
BofA Securities initiated coverage of Bowman Consulting Group with a rating of Buy and set a new price target of $36.50
ROTH MKM initiated coverage of Bowman Consulting Group with a rating of Buy and set a new price target of $45.00
Craig Hallum initiated coverage of Bowman Consulting Group with a rating of Buy and set a new price target of $46.00
B. Riley Securities reiterated coverage of Bowman Consulting Group with a rating of Buy and set a new price target of $22.00 from $19.00 previously
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