NV5 Adopts $100M Share Repurchase Program

NV5 Global Inc NVEE Board authorized a share repurchase program of up to $100 million of Class A common stock.
"This share repurchase program reflects the confidence that our Board of Directors and management team have in NV5's strong financial position," stated Dickerson Wright, Chairman and CEO of NV5.
"Our company's focus remains unchanged, creating a balance between strong organic growth and continued leadership in mergers and acquisitions."
NV5 plans to repurchase shares from time to time, depending on several factors, including share price and market conditions.
The company held cash and equivalents of $44.4 million as of July 2, 2022.
Price Action: NVEE shares are trading lower by 0.60% at $137.84 on the last check Monday.