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RESTON, Va. - Bowman Consulting Group Ltd. (NASDAQ:BWMN), a $662 million market cap engineering firm showing impressive 19.5% revenue growth over the past year, has been awarded a contract by the Illinois Department of Transportation (IDOT) to provide preliminary engineering services for improvements to US 30 in Morrison, Illinois, according to a press release statement.
The engineering services firm will prepare an environmental impact statement for the reconstruction project along portions of the historic Lincoln Highway, including two historic districts within Morrison. This marks Bowman’s first contract with IDOT’s Region Two/District Two.
The phase 1 scope of the $15.2 million project includes addressing congestion, pedestrian accommodations, and local flooding concerns. The reconstruction aims to modernize roadway and drainage infrastructure dating back to the 1930s.
Planned improvements include roadway widening, turn lanes, drainage and culvert upgrades, ADA-compliant pedestrian facilities, and new bicycle accommodations.
"Breaking into new IDOT districts opens the door to future opportunities to expand our market share in Illinois," said Gary Bowman, founder and CEO of Bowman Consulting Group.
The company noted that the project will involve extensive public and stakeholder involvement due to the historic nature of the areas affected.
Bowman Consulting, headquartered in Reston, Virginia, employs over 2,400 people across more than 100 locations throughout the United States, providing engineering, construction management, environmental consulting and other technical services.
In other recent news, Bowman Consulting Group Ltd. reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.55, significantly higher than the projected $0.23. Revenue also exceeded forecasts, reaching $122.1 million compared to the anticipated $106.33 million. In addition to strong earnings, Bowman secured a $4.5 million contract with the DuPage Water Commission for the WaterLink Pipeline Project in Illinois. This agreement involves construction engineering for a substantial pipeline extension aimed at expanding water services. Meanwhile, DA Davidson raised its price target for Bowman Consulting to $43.00, maintaining a Buy rating. The firm highlighted solid margin execution and robust revenue growth as reasons for the upgrade. Improved backlog figures also indicated strong business demand, according to DA Davidson’s analysis.
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