Bowman Consulting Group Ltd. (NASDAQ:BWMN) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET

Company Participants

Gary Bowman - Chairman and Chief Executive Officer

Bruce Labovitz - Chief Financial Officer

Conference Call Participants

Alexander Rygiel - B. Riley

Brent Thielman - D.A. Davidson

Operator

Good morning. My name is Nadia and I will be your conference operator today. At this time, I would like to welcome everyone to the Bowman Consulting Group Third Quarter 2022 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. 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, 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 public research analysts. Throughout the call, attendees on the webcast may post questions for 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, Nadia. Good morning and welcome, everyone to the Bowman Consulting Group third quarter 2022 earnings call. I am Gary Bowman, Chairman and CEO of Bowman. I am joined this morning by Bruce Labovitz, our Chief Financial Officer.

I want to start by thanking everybody at Bowman for your continued commitment to delivering exceptional solutions to our customers and for yet another record quarter to our shareholders. We’ve added many new employees through acquisitions this quarter and I am pleased to have all of you as part of the Bowman team.

Also recognize that today is Veterans Day, I would like to – I had a special thank to many Bowman employees who also served as Veterans. Given the strength of the quarter, and the momentum we are experiencing so far in the fourth quarter, there continued to be an apparent disconnect between the behavior of our clients as reflected by the key performance indicators in our business and the recessionary concerns we hear in the media.