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NVEE

NV5 Global

$31.85

0.5 (1.59%)

13:01
09/22/16
09/22
13:01
09/22/16
13:01

Meet NV5 Global: A talk with CEO Dickerson Wright

In an exclusive interview with The Fly, NV5 Global (NVEE) CEO Dickerson Wright talked about the company, its M&A pipeline, the structure engineering space and much more. Here are some of the highlights: M&A PIPELINE: Just a few days after Seaport Global analyst Ryan Cassil upgraded NV5 Global to Buy saying the company's M&A pipeline remains more robust than ever before, CEO Wright acknowledged that the company is "very active" on that front. "We have many non-disclosure agreements signed," he added, noting that NV5 has done 18 acquisitions since going public in 2013. GROWING COMPANY: Wright has reiterated the company's revenue guidance of $230M-$250M if no additional acquisition is made until the end of the year, but noted that NV5 plans to enter 2017 with a budget of $300M. More important than "how big" the company can be, Wright highlighted that its main goal is to keep "the organization flat or vertical." The CEO believes NV5 can reach at least $1B in revenue without needing to change its organizational structure or approach to clients. FRAGMENTED INDUSTRY: With over 145,000 engineering firms in the U.S., Wright sees the industry as "extremely fragmented." Nonetheless, he believes NV5 is in "a very good space," where it does not have to create a market because it already exists. The structure engineering space is not driven by economic cycles, he added, with macroeconomics "in favor of anybody who's an engineer in the infrastructure space" as the population grows and given the "tremendous" demand on finite resources. FIVE VERTICALS: NV5 concentrates in five key areas, namely construction quality assurance, infrastructure, program management, energy and environmental, which Wright sees as "more profitable than the typical engineering space" and able to grow organically. According to the CEO, the company seeks to be a "value-add consultant," fighting the commoditization of its business. "TRUE INTEGRATOR": While some may see NV5 as "just a financial rollup," Wright pointed out that the company is "truly an integrator." According to the executive, NV5 looks to add value with every acquisition and will not buy a company unless the target also believes it is of value for them to be part of NV5. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. Fly subscribers will have access to full details of this interview later today.

NVEE NV5 Global
$31.85

0.5 (1.59%)

01/20/16
ROTH
01/20/16
NO CHANGE
ROTH
NV5 Global risk/reward attractive after shares plummet, says Roth Capital
After NV5's stock plunged 31% this year, Roth Capital predicts that the company's organic growth will be in the high single digit percentage levels this year. The firm keeps a $30 price target and Buy rating on the shares.
08/08/16
ROTH
08/08/16
NO CHANGE
Target $37
ROTH
Buy
NV5 Global price target raised to $37 from $31 at Roth Capital
Roth Capital analyst Jeff Martin raised his price target for NV5 Global to $37 from $31 after the company reported Q2 earnings in-line with expectations and given the company's history of "successfully executing" its M&A and organic growth strategy. The analyst reiterates a Buy rating on the shares.
09/14/16
ROTH
09/14/16
NO CHANGE
Target $37
ROTH
Buy
Roth Capital positive on NV5 Global acquisition of Weir Environmental
Roth Capital analyst Jeff Martin believes NV5 Global's acquisition of Weir brings organic growth opportunity from a relatively small revenue base, and is consistent with the company's strategy to continuously expand the base of environmental services. The analyst believes Weir also brings "valuable" insurance industry contacts on environmental claims. Martin reiterates a Buy rating and $37 price target on NV5 Global's shares.
09/19/16
GHSC
09/19/16
UPGRADE
Target $36
GHSC
Buy
NV5 Global upgraded to Buy from Accumulate at Seaport Global
Seaport Global analyst Ryan Cassil upgraded NV5 Global to Buy and maintained its $36 price target saying topline catalysts are underappreciated. The firm's analyst said the M&A pipeline remains robust and is more confident the company can achieve its $300M revenue run-rate by year end and will have significant additional M&A growth opportunities in 2017.

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