Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
RESTON, Va. - Bowman Consulting Group Ltd. (NASDAQ:BWMN), an engineering services firm with a market capitalization of $431 million, has secured two water resource contracts in rural Colorado with a combined value of $3.8 million. These contracts are part of the company’s expansion in the water/wastewater sector and demonstrate its ability to manage large-scale infrastructure projects. According to InvestingPro data, Bowman has maintained impressive gross profit margins of 52.2%, suggesting strong operational efficiency in project execution.
The company will oversee the full lifecycle of both projects, including design, construction oversight, inspection, and survey services. The first contract involves a comprehensive collection system rehabilitation, which includes replacing 73,000 linear feet of sewer main, installing 15,000 linear feet of cured-in-place piping, rehabilitating around 270 manholes, and upgrading two lift stations.
The second project focuses on water system improvements, aiming to boost the capacity of a rural drinking water system. This includes constructing a 450,000-gallon elevated storage tank and installing nearly 14,000 linear feet of new water lines.
Gary Bowman, chairman and CEO of Bowman, highlighted the company’s expertise in updating aging water and wastewater infrastructure and the strategic growth benefits of such awards. These contracts build on Bowman’s established client relationships and its expertise in the field, positioning the company as a preferred engineering partner for future infrastructure projects in the communities served.
Bowman’s history with the clients includes providing reports, analyses, and support for master plans, which has helped the company to secure recurring revenue streams and expand its market share in municipal water and wastewater services.
Based in Reston, Virginia, Bowman operates across the United States with over 2,300 employees. The firm offers planning, engineering, geospatial, construction management, and other technical services to various regulated markets. These recent contracts in Colorado reflect Bowman’s continued growth and strategic positioning in the infrastructure services sector. The company has demonstrated strong momentum with revenue growth of 23.2% in the last twelve months. InvestingPro analysis indicates the company is currently trading below its Fair Value, with analysts maintaining positive earnings forecasts for the upcoming year. For deeper insights into Bowman’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
This report is based on a press release statement from Bowman Consulting Group.
In other recent news, Bowman Consulting Group Ltd reported fourth-quarter 2024 earnings that surpassed expectations, with an earnings per share (EPS) of $0.33, exceeding the forecasted $0.24. The company also reported revenue of $98.6 million, beating the anticipated $97.85 million. This strong performance was attributed to strategic acquisitions and technology investments, which are expected to drive future growth. In a related development, DA Davidson adjusted Bowman’s stock price target to $32 from $34, maintaining a Buy rating. Analyst Brent Thielman noted Bowman’s focus on organic growth and margin expansion as key drivers for potential future share value increases. The company has also been actively repurchasing shares and completed two mergers since September, highlighting its robust liquidity. Bowman projects net revenues for 2025 between $428 million and $440 million, with adjusted EBITDA expected to range from $70 million to $76 million. These developments reflect Bowman’s strategic focus on maintaining growth through both organic and acquisition-driven initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.