NV5 Global, Inc. (NASDAQ:NVEE) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET

Company Participants

Dickerson Wright - Chairman and CEO

Edward Codispoti - Chief Financial Officer

Richard Tong - Executive Vice President and General Counsel

Mark Abatto - President and Chief Operating Officer, NV5 GeoSpatial

Conference Call Participants

Andy Wittmann - Baird

Jeff Martin - ROTH Capital Partners

Chris Sakai - Singular Research

Rob Brown - Lake Street Capital Markets

Marc Riddick - Sidoti

Operator

Good afternoon, everyone. And thank you for participating in today’s Conference Call to discuss NV5’s Financial Results for the First Quarter 2022 Ended April 2, 2022.

Joining us today are Dickerson Wright, Chairman and CEO of NV5; Edward Codispoti, CFO of NV5, and Richard Tong, Executive Vice President and General Counsel of NV5.

I would now like to turn the call over to Richard Tong.

Richard Tong

Thank you, Operator. Welcome everyone to NV5’s first quarter 2022 earnings call.

Before we proceed, I would like to remind everyone that today’s discussion contains forward-looking statements about the company’s future, business and financial performance. These are based on management’s current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today’s presentation slides and in our reports on file with the SEC.

During this call, GAAP and non-GAAP financial measures will be discussed. A reconciliation between the two is available on today’s earnings release and on the company’s website at www.nv5.com.

Please note, that unless otherwise stated all references to the first quarter 2022 comparisons are being made against the first quarter of 2021. In this presentation, NV5 has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities Exchange Act of 1934 as amended.

Non-GAAP financial measures included in this presentation are adjusted earnings per share, adjusted EBITDA and adjusted EBITDA margin. NV5 provides non-GAAP financial measures to supplement GAAP measures as they provide additional insight into NV5’s financial results.

However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance or a substitute for GAAP. In addition, other companies may define non-GAAP measures differently, which limits the ability of investors to compare non-GAAP measures of NV5 to those used by peer companies.

A webcast replay of this call and its accompanying presentation are also available via the link provided in today’s news release and on the Investors section of the company’s website.