NV5 Announces Strong First Quarter Results; Delivers Record Cash Flows and Issues Full-Year 2021 Guidance Exceeding Analyst Consensus
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NV5 GLOBAL, INC. AND SUBSIDIARIES |
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES |
TO COMPARABLE GAAP FINANCIAL MEASURES |
(UNAUDITED) |
(in thousands) |
|
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA |
|
| |
Three Months Ended |
| |
April 3, 2021 | |
March 28, 2020 |
Net Income |
$ |
5,480 | | |
$ |
4,188 | |
Add: | Interest expense | | 2,318 | | | | 3,788 | |
| Income tax expense | | 1,757 | | | | 1,406 | |
| Depreciation and amortization | | 10,542 | | | | 11,040 | |
| Stock-based compensation | | 3,696 | | | | 3,379 | |
| Acquisition-related costs | | 449 | | | | 340 | |
Adjusted EBITDA |
$ |
24,242 | | |
$ |
24,141 | |
| | | | | | | | |
RECONCILIATION OF GAAP EPS TO ADJUSTED EPS |
| | | | | | | | |
| |
Three Months Ended |
| |
April 3, 2021 | |
March 28, 2020 |
Net Income - per diluted share |
$ |
0.41 | | |
$ |
0.33 | |
Per diluted share adjustments: | | | | | | | |
Add: | Amortization expense of intangible assets and acquisition-related costs | | 0.63 | | | | 0.69 | |
| Income tax expense | | (0.16 | ) | | | (0.18 | ) |
Adjusted EPS |
$ |
0.88 | | |
$ |
0.84 | |