Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 74

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 74
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 Share (net income after tax, adjusted for acquisition related 

3

Table of Content

expenses, amortization of intangibles, non-cash compensation associated with pre-IPO grants, other non-core expenses and associated tax expenses or benefits).

Competitive Strengths

We are an agile, growth-oriented consulting, technology and engineering services firm committed to providing essential technical and professional services to a broad base of project-specific, long-term and repeat customers. The recurring needs of our customers for technical services to monetize, operate and maintain their assets makes us a very important part of their ongoing operations. Our commitment to quality and reliability with respect to designs, plans and customer service has enabled us to create durable, long-term customer relationships. We focus many of our business pursuits in end markets where laws and regulations create a level of complexity that places a premium on the value of our services, thereby providing us openings to develop new customer loyalty through creative problem solving. Our base of repeat customers and multi-year contracts reduce customer acquisition expenses and provide increased visibility into future revenues, allowing us to make investments confidently to expand and take market share from competitors. We believe we have the following competitive strengths:

Scalable platform with differentiated capabilities and national reputation for operational excellence. Our national presence and strong operational foundation support our growth across geographic regions and service offerings. Our scale has helped to create a national brand within our industry associated with high quality and timely delivery of technical services. We believe the reputation of our brand allows us to extend existing customer relationships, efficiently attract new customers and recruit and retain a credentialed and representative workforce. As of December 31, 2024, we have a professional staff of more than 2,200 employees that operate out of more than 95 offices throughout the United States and two offices in Mexico and we are licensed in all states within the United States. The strategic locations of our offices support broad recruiting capabilities while the integrated nature of our technology enables efficient cross-utilization of both technical experience and production resources. Our diversified geography increases our sources of revenue and income, thereby helping insulate us from concentrated economic or political disruptions. 

Commitment to technological innovation, investment and leadership. Our industry is adopting and integrating advanced technology solutions and services at a rapid rate. We believe that we are well positioned to make investments into leading-edge and proven technology tools that enable faster production through aided design, 3-D modelling, large-scale data collection and processing, predictive planning and accelerated iteration. We are committed to being an industry leader in the adoption of adaptive technology,