Giant Containers to design and build critical infrastructure and community amenities for transformative urban state park spanning northern New JerseyCONROE, Texas, Feb. 26, 2026 (GLOBE NEWSWIRE) -- via IBN — Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox Industries” or the “Company”) today announced that its subsidiary, Giant Containers, has been selected to provide design and construction services for critical infrastructure and amenities as part of the nearly one-mile Newark segment of New Jersey’s newest ...

CONROE, Texas, Feb. 26, 2026 (GLOBE NEWSWIRE) -- via IBN — Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox Industries” or the “Company”) today announced that its subsidiary, Giant Containers, has been selected to provide design and construction services for critical infrastructure and amenities as part of the nearly one-mile Newark segment of New Jersey’s newest state park. The park is envisioned to be a nine-mile greenway and multi-use corridor connecting eight communities in Essex and Hudson counties in no ...

Core Insights - Parsons Corporation has been awarded a six-year, $60 million contract by the Foothill Gold Line Construction Authority to design phase 2B2 of the Foothill Gold Line project, which includes a 2.3-mile extension from Pomona to Claremont [1][2] Group 1: Project Details - The Foothill Gold Line project is part of the longest linear light rail line in the world, enhancing the Metro A Line light rail system [1] - The new segment aims to improve commuter and visitor access between downtown Los Angeles and eastern Los Angeles County, addressing previous limitations for commuters [2] Group 2: Company Experience and Impact - Parsons has led design teams for each phase of the Foothill Gold Line project for the past 25 years, showcasing its long-standing commitment to the project [2] - The company has extensive experience in infrastructure design, including over 10,000 miles of roadways, 4,500 bridges, and more than 450 rail and transit projects [3] Group 3: Environmental and Community Benefits - The project is expected to provide innovative and sustainable solutions that reduce traffic congestion, improve air quality, and enhance commuter safety and reliability [2] - Parsons has been involved in improving connections between California communities since its founding in 1944, contributing to the overall quality of life [3]

Core Viewpoint - RenX Enterprises Corp. has entered into a new disposal services agreement with a regional commercial landscaping operator in Sarasota, Florida, aimed at enhancing its sustainable infrastructure and environmental services platform [1][2]. Group 1: Agreement Details - The agreement allows RGUS to receive and process inbound organic material at a contracted per-yard disposal rate, including unprocessed green waste, wood waste, and other vegetative debris [2]. - The structure of the agreement is ticket-based with net-30 payment terms, providing measurable cash flow visibility and supporting predictable cash generation over time [2][3]. - The company anticipates that this ticket-based structure will lead to recurring revenue as it is volume-dependent [2][4]. Group 2: Strategic Implications - The CEO of RenX highlighted that the agreement reflects the growing demand for alternatives to landfilling due to rising disposal costs and regulatory scrutiny [3]. - Each new contracted volume source is expected to enhance utilization across the company's transfer and processing infrastructure, supporting the strategy of building durable, recurring revenue streams [3][4]. - The company aims to drive margin expansion as inbound volumes grow, leveraging logistics, processing, and technology-enabled conversion [4]. Group 3: Operational Overview - RenX operates an 80+ acre organics processing facility in Myakka City, Florida, integrating various processes to produce proprietary soil substrates and potting media [6]. - The company focuses on optimizing products for regional feedstocks and customer requirements to shorten supply chains and improve unit economics [6]. - RenX plans to monetize its portfolio of legacy real estate assets to fund its core technology-driven environmental processing platform [6].

Core Insights - HA Sustainable Infrastructure Capital (HASI) and Sunrun have formed a joint venture to finance distributed energy assets, aiming to finance over 300 MW of capacity across more than 40,000 home power plants [1] - HASI will invest up to $500 million over an 18-month period into the joint venture, which will allow Sunrun to retain significant long-term ownership and flexibility in structuring senior project debt [1] - The partnership is expected to enhance grid reliability and address increasing power demand through home-based energy systems [1] Investment Structure - HASI's structured equity investment will monetize a portion of long-term customer cash flows from the projects, leading to a more efficient cost of capital [1] - The joint venture will be accounted for as a consolidated entity on Sunrun's financials [1] - This financing structure is described as a first-of-its-kind for residential storage and solar financing, anticipated to provide aggregate proceeds equal to or better than Sunrun's traditional financing arrangements [1] Company Profiles - HASI manages over $15 billion in assets, investing in various sustainable infrastructure asset classes, including utility-scale solar, storage, and onshore wind [1] - Sunrun is a pioneer in home energy systems, offering a no-upfront-cost subscription model that empowers customers with greater energy control and independence [1] - Sunrun contributes to grid resiliency by providing on-demand dispatchable power, which helps lower energy costs [1]

Financial Data and Key Metrics Changes - Q3 2025 marked record quarterly bookings of $6 billion, representing organic growth of 13% year-over-year [5] - Adjusted operating margin expanded by 170 basis points, with adjusted EPS growth of 15% [5][9] - Free cash flow remained robust, with expectations for 100% or greater free cash flow conversion in 2025 [15][16] Business Line Data and Key Metrics Changes - Commercial HVAC in the Americas achieved record bookings growth of 30% year-over-year, with applied bookings more than doubling [5][7] - Services business, constituting approximately one-third of total revenues, grew low double digits year-to-date, with a low teens compound annual growth rate since 2020 [6][19] - Residential bookings and revenues declined approximately 30% and 20% respectively, consistent with prior updates [8][12] Market Data and Key Metrics Changes - In EMEA, commercial HVAC bookings increased by high teens, while revenues grew by mid-single digits [8] - Asia Pacific saw commercial HVAC bookings up mid-30s, with revenues growing low teens, particularly strong in China [8] - Americas transport refrigeration bookings were up low teens, while revenues remained flat despite end markets declining over 25% [8] Company Strategy and Development Direction - The company focuses on sustainable, resilient infrastructure, leveraging innovation and expertise to drive performance and sustainability [4] - A balanced capital allocation strategy is in place, targeting reinvestment in core business, maintaining a strong balance sheet, and strategic M&A [15][16] - The company anticipates continued strong growth in commercial HVAC, particularly in high-growth verticals like data centers [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted that the residential market slowdown is the most significant change impacting the outlook for 2025 [12] - The company expects a challenging first half of 2026 due to tough comparisons, followed by improvement in the second half [20] - Strong demand in commercial HVAC and a growing backlog position the company well for future growth [19] Other Important Information - The company has deployed or committed approximately $2.4 billion through its capital allocation strategy year-to-date, including $1.25 billion for share repurchases [16] - The Americas transport refrigeration market is expected to improve significantly in 2027, with growth projected to exceed 20% [17] Q&A Session Summary Question: About Americas margins and service margins improvement - Management expressed satisfaction with Americas margin performance, noting operating income margins were nearly 22%, up 120 basis points year-over-year, with opportunities for service margins to expand [23][24][25] Question: On applied bookings growth and market opportunities - Management acknowledged strong growth in applied bookings, particularly in data centers, and emphasized a robust pipeline of activity [27][28][29] Question: Future growth expectations in commercial HVAC - Management expects continued strong performance in commercial HVAC, with low double-digit revenue growth anticipated for the year [36][38] Question: Insights on residential market inventory and balance - Management is hopeful that residential inventory will rebalance by the end of the year, following a series of anomalies in 2025 [40][41] Question: Operating leverage guidance and cost control - Management indicated that strong volume growth in commercial HVAC and effective cost management are driving improved operating leverage [44][46][47] Question: Pricing contributions and discipline - Pricing for the quarter was slightly above 3%, with management confident in maintaining price discipline amid inventory destocking [49][50] Question: Data center project nature and lead times - Management noted a trend towards modular data centers, which reduces on-site labor, and emphasized strong demand and improved lead times for their products [89][92] Question: Institutional business visibility into 2026 - Management reported strong pipelines across verticals, particularly in healthcare and education, with no signs of slowdown in institutional business [108][110]

Industry Overview - Singapore's REITs are showing divergent performance across different sectors, with each facing unique opportunities and risks [1] - The latest earnings results provide insights for investors on portfolio positioning amid current property trends and a rate-cut cycle [1] CapitaLand Integrated Commercial Trust (CICT) - CICT reported a resilient third-quarter performance with net property income increasing by 1.6% YoY, driven by strong rental reversions of 7.8% in retail and 6.5% in office segments [2][3] - Retail segment benefited from a 24.8% increase in shopper traffic YTD [2] - Portfolio occupancy remains robust at 97.2%, with a weighted average lease to expiry (WALE) of 3.2 years [3] - Tenant sales YTD increased by 19.2% YoY [3] - Financing costs are declining, with an average cost of debt at 3.3%, and 74% of total borrowings are fixed-rate [4] - CICT issued a S$300 million note with a low annual coupon rate of 2.25%, indicating a strong credit profile [4] - Management anticipates steady growth in distributable income, supported by new asset contributions and enhancement initiatives [5] Mapletree Logistics Trust (MLT) - MLT reported mixed earnings for 2QFY25/26, with net property income declining by 3.3% YoY to S$153.3 million due to foreign exchange impacts and divestments [6] - Distribution per unit (DPU) decreased by 10.5% YoY to S$0.0185 per share [6] - Occupancy rate improved to 96.1%, with a positive rental reversion of 0.6% for the overall portfolio [7] - DPU from operations stabilized at S$0.01815, up 0.2% quarter-on-quarter but down 4.8% YoY [8] - MLT maintains a stable WALE of 2.7 years and an aggregate leverage ratio of 41.1% [8] - The REIT has hedged 75% of its distributable income for the next 12 months in SGD [8] - Management focuses on steady rental income and healthy occupancy rates while adjusting the portfolio for shareholder value [9] Keppel Infrastructure Trust - Keppel reported strong financials for 9M2025, with distributable income soaring by 59.2% YoY to S$168.9 million, excluding divestment gains [10] - The Distribution and Storage segment saw funds from operations (FFO) rise by 29% to S$66.4 million, driven by a 60% increase in its Ixom business [11] - Other segments, such as Energy Transition and Environmental Services, faced declines in FFO, with Energy Transition down 12% YoY and Environmental Services down 36.5% YoY [11][12] - Keppel remains lowly leveraged with a net gearing of 38% and a solid interest coverage ratio (ICR) of 13.1 times [12] - Management plans to leverage sustainable infrastructure themes and has S$301 million for redeployment, with S$119 million earmarked for a proposed acquisition [13]

Core Insights - Argo Graphene Solutions Corp. has successfully completed its first graphene-infused concrete test pour in Bristol, Tennessee, marking a significant step in the application of graphene technology in construction [1][5] - The company is now conducting a second pour, which will cover 15 cubic meters across two larger slabs, aimed at showcasing the full potential of its proprietary graphene formula [2][5] Group 1: Project Details - The initial pour involved three slabs totaling 12.5 cubic meters, while the second pour will consist of two larger slabs measuring 25 feet by 40 feet and 20 feet by 35 feet [2] - The graphene-infused concrete is expected to provide substantial benefits, including up to 30% greater compressive strength, 30% greater tensile strength, 29% improved flexural strength, and reduced porosity for enhanced crack resistance [3] Group 2: Testing and Validation - Comprehensive compressive strength testing will be conducted on cylinder samples from both pours at intervals of Days 7, 14, 21, 28, and 56, following ASTM C39 standards [4] - Early feedback from the first pour indicates notable improvements in tensile strength and workability, with complete results anticipated soon [4] Group 3: Company Vision and Mission - The company aims to transform graphene-enhanced concrete from an innovative concept to an industry standard, focusing on building stronger and more sustainable infrastructure globally [5] - Argo Graphene Solutions Corp. is dedicated to developing sustainable high-performance solutions for the construction and agricultural industries, leveraging cutting-edge graphene technologies [5]

Core Insights - Safe and Green Development Corporation has announced the delivery and deployment of new industrial processing equipment to enhance its operations in Southwest Florida, specifically targeting engineered soils, composting, and green-waste recycling [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which enhances grinding capacity for wood waste and green debris [2][3] Operational Impact - The newly deployed equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for the company's engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing efficiency and broader product distribution across its composting and recycling network [4] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on real estate development and environmental solutions, including the operation of an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]

Core Insights - VinGroup Corporation has established a new subsidiary, VinMetal Joint Stock Company, focused on steel production for construction, transportation infrastructure, and automotive sectors with an initial investment of VND 10 trillion (US$ 380 million) [1][4] Group 1: Company Overview - VinMetal plans to build a high-tech steel production complex in Vũng Áng, with an initial production capacity of 5 million tons of steel per year [2] - The company will produce hot-rolled, high-strength steels, specialized steel alloys, sheet steel, and stamped steel body parts for the automotive industry [2] Group 2: Strategic Focus - Initially, VinMetal will supply in-house companies such as Vinhomes and VinFast, with plans to expand to external customers and export markets [3] - The long-term goal is to establish a leading green steel production operation by adopting carbon-reducing technologies and utilizing renewable energy sources [3] Group 3: Leadership Vision - VinGroup's vice chairman and CEO emphasized that VinMetal represents a strategic preparation for a modern, green, and sustainable infrastructure future for Vietnam, aiming to develop foundational industries for national growth [4]