Navigant Announces Management Appointments
May 6 15
Navigant announced the addition of five senior, strategic hires to support the firm’s expanding energy practice. These professionals will complement the practice’s utility services through expertise in areas, including energy markets, strategic planning, smart grid, grid modernization, operational excellence, utility transformation, and asset management. The new senior experts include: Rob Patrylak, Managing Director, Marietta, Georgia. Bringing more than 25 years of experience in the utility industry, Patrylak is experienced in delivering strategic advisory services to clients related to power market assessment, asset valuation, strategic resource planning, environmental and regulatory policy advisory, energy procurement, and economic transmission planning. Prior to rejoining Navigant, Patrylak led Black & Veatch’s Energy Markets and Strategic Resource Planning practice. Eric Smith, Managing Director, Burlington, Massachusetts. With more than 25 years of experience in utility operations, Smith brings a strong focus and deep experience in smart grid, grid modernization, meter-to-cash, work and asset management, distributed generation, and demand response. He has worked closely with clients across the industry globally. He joins Navigant from Wipro Technologies, where he led the global smart grid practice. Rob Wilhite, Managing Director, Charlotte, North Carolina. Over his near 30-year career, Wilhite has dedicated himself primarily to the electric utility industry and brings to Navigant a strong record of creating value, articulating industry thought leadership, and providing strong growth strategies to utility clients. His career includes stints with Florida Power & Light, and KEMA (now DNV GL), where he was responsible for achieving growth, profitability, and operational performance objectives as managing director for the Americas energy advisory practice, and as director for one of the global business lines. John Agoston, Director, Cleveland, Ohio. With more than 25 years of experience in multiple industries, including utilities, oil and gas, chemicals, and manufacturing, including work in the finance, management consulting, and technology fields, Agoston brings deep expertise in lean manufacturing, operational excellence, supply chain management, and business transformation. He joins Navigant with many years of experience in both industry and consulting, most recently with Accenture as a senior manager focusing on process improvement and innovation performance. Mark Livingstone, Director, London, England. With over 25 years of experience steering change in both the utility and telecommunications industries, Livingstone’s focus is on strategy development and advice, complex analysis, and business transformation. He has particular experience in the customer opportunities and commercial challenges involved in smart energy and the major market and regulatory changes involved in the expansion of low-carbon energy. Livingstone joins Navigant from the energy practice at PA Consulting, where he provided transformation and smart grid solutions for significant energy clients in the United Kingdom and internationally.
Navigant Consulting Inc. Presents at Barrington Research Spring Investment Conference, May-13-2015
May 1 15
Navigant Consulting Inc. Presents at Barrington Research Spring Investment Conference, May-13-2015 . Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, IL 60611, United States.
Navigant Consulting Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Year 2015
Apr 28 15
Navigant Consulting Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the first quarter, the company reported first quarter 2015 revenues before reimbursements of $201.156 million, a 15% increase compared to $175.056 million for first quarter 2014, with year-over-year revenues before reimbursements organic growth in all four segments. Total revenues increased 13% to $223.171 million for first quarter 2015 compared to $197.748 million for first quarter 2014. Operating income was $33.263 million against $17.315 million a year ago. Income from continuing operations before income tax expense was $31.914 million against $16.484 million a year ago. Net income from continuing operations was $25.143 million or $0.51 per diluted share against $10.370 million or $0.21 per diluted share a year ago. Net income was $25.143 million or $0.51 per diluted share against $10.879 million or $0.22 per diluted share a year ago. Net cash used in operating activities was $33.954 million against $47.708 million a year ago. Purchases of property and equipment were $12.913 million against $6.492 million a year ago. EBITDA was $40.887 million against $22.986 million a year ago. Adjusted EBITDA was $28.393 million against $22.331 million a year ago. Adjusted net income was $11.567 million against $9.984 million a year ago. Adjusted earnings per share were $0.23 against $0.20 a year ago.
The company reiterated earnings guidance for the year 2015. As previously disclosed, full year 2015 revenues before reimbursements is expected to range between $815 million and $845 million while 2015 total revenues are estimated to be between $900 million and $930 million. Adjusted EBITDA for full year 2015 is expected to range between $115 million and $125 million and adjusted EPS for full year 2015 is estimated to be between $0.90 and $1.00. The company is expecting free cash flow for the full year in the range of $25 million to $35 million. Capital expenditures are anticipated to be $40 million to $50 million.
Navigant Appoints David Maughan as Managing Director Within Navigant’s Valuation & Financial Risk Management Practice
Apr 9 15
Navigant announced that David Maughan has been appointed Managing Director within Navigant’s Valuation & Financial Risk management practice. Maughan, and will lead transaction advisory efforts for Navigant Capital Advisors, LLC. Maughan has broad expertise across several industries with a focus on financial services companies. Maughan, based in New York, will work across Navigant’s industry sectors to advise clients on buy and sell-side opportunities.
Navigant Consulting Inc., Annual General Meeting, May 14, 2015
Apr 8 15
Navigant Consulting Inc., Annual General Meeting, May 14, 2015., at 10:00 Central Standard Time. Location: The Wacker Room, 10 South Wacker Drive, 12th Floor. Agenda: To elect the eight nominees to the Board of Directors to serve for one-year terms; to adopt an amendment to the 2012 Long-Term Incentive Plan; to approve, on an advisory basis, the compensation paid to the Company's named executive officers; to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2015; and to transact any other business properly brought before the meeting, or any adjournments or postponements of the meeting.