NV5 Global Corrects FY 2020 Adjusted EPS Guidance to $4.32 to $4.78 from $3.42 to $3.98 Originally Reported

NV5 Global, Inc. (Nasdaq: NVEE) announces a correction to today's reported guidance regarding the outlook for the full year of 2020. After release, the Company noted that Adjusted EPS for 2020 should have included certain amounts relating to depreciation relat

Benzinga · 11/08/2019 09:21

NV5 Global, Inc. (Nasdaq: NVEE) announces a correction to today's reported guidance regarding the outlook for the full year of 2020. After release, the Company noted that Adjusted EPS for 2020 should have included certain amounts relating to depreciation relating to the pending acquisition of Quantum Spatial, Inc. ("QSI") and that the interest rate assumed regarding the indebtedness to be incurred in connection with the QSI acquisition should have been lower. As a result, the Company expects full year 2020 Adjusted EPS to range from $4.32 per share to $4.78 per share (rather than $3.42 per share to $3.98 per share as originally reported). This error had no effect on the revised full year 2019 guidance figures or any of the actual results reported or any other amounts or disclosures in today's earnings release.