Bowman Consulting Group Ltd. (NASDAQ:BWMN) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET
Company Participants
Gary Bowman - Founder and CEO
Bruce Labovitz - CFO
Conference Call Participants
Brent Thielman - D.A. Davidson
Alex Rygiel - B. Riley
Operator
Good morning. My name is Emily, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Bowman Consulting Group Second Quarter 2023 Conference Call. [Operator Instructions]
Please note that many of the comments made today are considered forward-looking statements under federal securities laws. As described in the company's filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed and the company is not obligated to publicly update or revise these forward-looking statements.
In addition, on today's call, the company will discuss certain non-GAAP financial information, such as adjusted EBITDA and net service billing. You can find this information together with the reconciliations to the most directly comparable GAAP information in the company's earnings press release and 8-K filed with the SEC and on the company's investor website at investors.bowman.com.
Management will deliver prepared remarks, after which they will be taking live questions from published research analysis throughout the call. Attendees on the webcast may post questions from management to answer on the call or in subsequent communications, but there will be no live Q&A from the webcast attendees. Replays of the call will be available on the company's investor website.
Mr. Bowman, you may begin your prepared remarks.
Gary Bowman
Thank you, Emily. Good morning, everyone, and thank you for joining the Bowman Consulting second quarter 2023 earnings conference call. I'm joined here today by Bruce Labovitz, our CFO, and were joined virtually by many of our dedicated employees who are listening in on the webcast.
Everything that we accomplished as a result of an extended team effort, and we're extremely appreciative of the hard work and client-first mindset exhibited by everyone associated with Bowman each and every day. During the second quarter, we welcomed some exciting additions to our organization which will serve as a solid building block for the second half of the year and beyond.
We completed five acquisitions, adding roughly $36 million of annualized net service revenue and over 250 new employees to Bowman. Each of these acquisitions presented a compelling strategic rationale with respect to clients, geographies and complementary service offerings.