NV5 Announces $100 Million Share Repurchase Program
August 29 2022 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that its Board of Directors has
authorized a share repurchase program of up to $100 million of
NV5’s Class A common stock.
“This share repurchase program reflects the confidence that our
Board of Directors and management team have in NV5’s strong
financial position,” said Dickerson Wright, PE, Chairman and CEO of
NV5. “Our company’s focus remains unchanged, creating a balance
between strong organic growth and continued leadership in mergers
and acquisitions. "We have a healthy pipeline of acquisition
opportunities and expect our M&A program to continue to
contribute to the growth of NV5.”
The Company’s shares may be repurchased from time to time, and
the timing and number of shares repurchased under the program will
depend on a number of factors including share price and market
conditions. The execution of the repurchase program will be
consistent with the Company’s capital allocation strategy, which
prioritizes investments to grow the business. The share repurchase
program does not obligate NV5 to acquire a specific number of
shares of Class A common stock and may be cancelled or suspended at
any time without notice.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & program management, environmental health sciences,
and geospatial technology services. NV5 operates out of more than
100 offices nationwide and abroad. For additional information,
please visit the Company’s website at www.NV5.com. Also visit the
Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. The Company cautions that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by the forward-looking
statements contained in this news release. Such factors include:
(a) changes in demand from the local and state government and
private clients that we serve; (b) general economic conditions,
nationally and globally, and their effect on the market for our
services; (c) competitive pressures and trends in our industry and
our ability to successfully compete with our competitors; (d)
changes in laws, regulations, or policies; and (e) the “Risk
Factors” set forth in the Company’s most recent SEC filings. All
forward-looking statements are based on information available to
the Company on the date hereof, and the Company assumes no
obligation to update such statements, except as required by
law.
Investor Relations ContactNV5 Global, Inc. Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
Source: NV5 Global, Inc.
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