Bowman Consulting Group Announces First Quarter 2021 Financial Results

Bowman Consulting Group Announces First Quarter 2021 Financial Results

Adjusted EBITDA margin, net increased 120% to 14.2% 1 Adjusted EBITDA increased 157% to $4.1 million 1 Acquisitions contributed $1.9 million or 6% of gross revenue

Net service billing increased 17% to $28.9 million 1 Gross revenue increased 11% to $31.8 million

Net income increased 130% to $1.0 million
Financial Highlights of First Quarter 2021:

Hired Michael Ginsberg to launch national energy transition services practice Added impactful senior operations and business development leadership Closed on KTA Group acquisition and commenced cross-selling initiatives

Other Reported News Highlights:
Backlog increased by $3 million to $116 million 1

The News Highlights

  • Bowman Consulting Group Announces First Quarter 2021 Financial Results
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