Bowman Consulting Group Announces First Quarter 2021 Financial Results

Bowman Consulting Group Announces First Quarter 2021 Financial Results

Gross revenue increased 11% to $31.8 million
Financial Highlights of First Quarter 2021:

Net service billing increased 17% to $28.9 million 1 Acquisitions contributed $1.9 million or 6% of gross revenue

Adjusted EBITDA margin, net increased 120% to 14.2% 1 Backlog increased by $3 million to $116 million 1

Adjusted EBITDA increased 157% to $4.1 million 1 Net income increased 130% to $1.0 million

Closed on KTA Group acquisition and commenced cross-selling initiatives
Other Reported Business Highlights:

Hired Tim Vaughn to lead and accelerate M&A efforts Added impactful senior operations and business development leadership Hired Michael Ginsberg to launch national energy transition services practice

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  • Bowman Consulting Group Announces First Quarter 2021 Financial Results
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