Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 75

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 75
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 geospatial mapping and orthoimaging tools and collaboration enabling systems. We endeavor to utilize technology applications and high resolutions capture devices to enhance our delivery timeframes, expand our service offerings, repurpose and monetize our inventory of collected information, improve customer capture and expand margins. Currently, the financial benefits of our technology solutions and investments are embedded indirectly in our production process efficiency and customer delivery routines. We do not develop software or produce hardware for resale.

Diversified portfolio across growing end-markets and broad array of engineering services. We are deliberate in our efforts to balance our sources of revenue and avoid reliance on any one significant customer, service line, geography, or end market concentration. As a result, we believe our business is resilient and less exposed to the impacts of political and economic cycles. For the year ended December 31, 2024, we did not have any individual customers that represented more than 5% of our gross contract revenue. Our operations encompass nearly every aspect of the U.S. domestic built environment. We provide planning, engineering, construction management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other technical consulting services to customers that (i) develop and manage infrastructure supporting places where people live, work, play and learn; (ii) build and operate systems that collect, produce, manage and distribute vital life services such as water, electricity, and other critical utilities; (iii) manage roads, bridges, ports, marine facilities and transportation systems used to transport people, goods and services from place to place; (iv) develop and advance technologies that provide clean energy, energy transition and decarbonization initiatives; (v) operate mission critical facilities where public and private data is stored, commercial transactions are processed, and communications are enabled; (vi) provide healthcare, education, military readiness and other public safety services every day; and (vii) protect and preserve the environment. Our services are aligned with attractive and growing market trends such as transportation systems and marine distribution infrastructure repair, replacement and expansion, utility pipeline rehabilitation and extension, electrical transmission and distribution grid capacity increases, data processing and mission critical facilities design, urban and suburban commercial and residential building development, decarbonization initiatives, outsourced program and project management, and other areas, which are providing notable organic growth and are expected to continue to be the focus of funding in the coming years.

Consistent commitment to organic growth and margin expansion. We have a history of delivering long-term organic growth. Our five-fold growth of revenue over the