NV5 Announces Second Quarter Results and Raises Guidance


NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
TO COMPARABLE GAAP FINANCIAL MEASURES
(UNAUDITED)
(in thousands, except share data)
 
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
 
  Three Months Ended  Six Months Ended
  June 29, 2024  July 1, 2023  June 29, 2024  July 1, 2023
Net Income $ 7,907   $ 15,413   $ 8,315   $ 21,360 
Interest expense 4,606   3,648   8,797   5,229 
Income tax (benefit) expense (633)  1,377   (522)  2,834 
Depreciation and amortization 17,592   14,905   33,635   27,205 
Stock-based compensation 7,322    4,902       13,988       10,728  
Acquisition-related costs*   1,704       (5,294 )     3,016       (4,661 )
Adjusted EBITDA $ 38,498     $ 34,951     $ 67,229     $ 62,695  

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