Bowman Consulting Group Ltd. (BWMN) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

considered forward-looking statements under federal security laws. As described in the company's filings with the FEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and the company is not obligated to publicly update or revise these forward-looking statements. In addition, on today's call, the company will discuss certain non-GAAP financial information such as adjusted EBITDA, adjusted net income, and net service billing. You can find this information, together with the reconciliations of the most directly comparable gap information in the company's earning press release, filed with the SEC and on the company's investor relations website at investors.bowman.com. Management will deliver prepared remarks, after which they will take questions from research analysts. Replays of the call will be available on the company's investor relations website. Mr. Bowman, you may begin your prepared remarks. Okay, thank you, Becky. Good morning, everyone. Thanks for joining our fourth quarter and full year 2024 earnings call. Chris Leibovitz, our CFO, is with me this morning. Welcome to all our employees who are listening to the call today, especially to the newest Bowman employees. I'm going to start today's call with some introductory remarks and then Bruce will cover our financial performance. I'll wrap up the call with closing statements about 2025 before opening it up to Q&A. 2024 was a very successful year for Bowman on multiple fronts. We posted record net service billings, net income, adjusted EBITDA, and adjusted EBITDA margin. We had the strongest fourth quarter in our history. It's generated as much operating cash flow as we did for all of 2023, and it nearly doubled what we generated in th...