Key Takeaways Tutor Perini's revenues rose 20.4% Y/Y in H1 2025, with backlog doubling to a record $21.1B.New high-margin Civil and Building projects are set to fuel TPC's long-term cash flow and growth.Revenues are expected to rise 21.2% in 2025 and 16.3% in 2026, signaling strong growth visibility.Tutor Perini Corporation (TPC) ended the first half of 2025 with a bang, driven by favorable demand for infrastructure projects, supported by robust federal and state funding initiatives in the United States. Du ...

Dawn Farrell, who oversaw the expansion of the Trans Mountain oil pipeline, has been named by Prime Minister Mark Carney to lead the government’s effort to fast-track large new infrastructure projects in Canada https://t.co/1JoHyjEwvh ...

Growth Catalyst - Malayan Cement expects infrastructure projects to be a long-term growth catalyst [1] - The growth is partly driven by Malaysia's rapidly growing urban population [1]

Financial Data and Key Metrics Changes - The headline EBITDA for Q2 2025 was $80 million, with a margin of 21.6%, impacted by higher maintenance costs, unplanned work stoppages, and margin adjustments from project settlements [4][5][10] - Combined revenue reached $371 million, a 12% increase from Q2 2024, with Australia showing significant growth [6][7] - Adjusted earnings per share for the quarter was $0.02, reflecting the challenges faced [11] Business Line Data and Key Metrics Changes - Australia generated $168 million in revenue, up 7% from 2025 and 14% from Q2 2024, with a strong growth trajectory [6][7] - The Oil Sands region saw revenue growth compared to last year but was affected by inconsistent demand [7][9] - Gross profit margin was 10.7%, impacted by subcontractor costs and operational inefficiencies [9][10] Market Data and Key Metrics Changes - The trailing twelve-month total recordable rate for safety was 0.42, better than the industry target of 0.5 [13] - Equipment utilization in Australia was at 76%, slightly hindered by rainy conditions [7][12] Company Strategy and Development Direction - The company aims for organic revenue growth of 5% to 10% annually, driven by ongoing Australian growth and new infrastructure projects [20] - A significant contract was won in Australia, contributing to a record backlog and a 100% renewal rate [16][20] - The company plans to increase infrastructure work to around 25% of overall business by 2028 [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming Q2 challenges and expects a strong second half of the year [19][22] - The company anticipates more consistent operations in the Oil Sands business moving forward [19][87] - Future free cash flow is projected to normalize between $120 million and $150 million for 2026 [31][64] Other Important Information - The company completed a $225 million offering of senior unsecured notes to enhance liquidity for growth opportunities [16] - New senior team members were added to support growth and diversification strategies [17] Q&A Session Summary Question: Future free cash flow generation - Management indicated a $20 million working capital improvement in the second half, with expectations for free cash flow to normalize in 2026 [29][31] Question: Australian labor strategy and revenue growth ceiling - Management believes a 5% to 10% growth rate is reasonable, with plans to address skilled trades issues [32][34] Question: Revenue growth impact from shutdowns in Canada - Shutdowns directly impacted revenue and efficiency, but management does not expect similar issues in the future [39][41] Question: Guidance for Q3 vs Q4 - Management expects flat results quarter over quarter, with slight variations in specific projects [43] Question: OEM partnerships and physical network changes - Management confirmed positive developments in partnerships with OEMs, with no significant changes to the physical network [46][49] Question: Infrastructure work prospects and team building - Management highlighted a significant increase in infrastructure projects and ongoing efforts to build project teams [58][61] Question: Future profitability of the Fargo JV - Management expects to maintain and potentially improve margins for the Fargo project moving forward [78][80] Question: Oil Sands margin expectations for 2026 - Management anticipates a return to normal margins in the Oil Sands business, despite some ongoing component issues [87][88] Question: Heavy equipment movement from Canada to Australia - Management is actively moving equipment as needed, with plans to maximize utilization based on contract wins [101][103] Question: Outlook for Nuna revenue - Management expects modest revenue for Nuna this year but sees significant opportunities in the future [109]

Core Insights - CRH plc is positioning itself for significant growth through major acquisitions in 2023, enhancing its geographical reach and material supply capabilities [1] - The company anticipates sustained demand for infrastructure projects, supported by funding from the Infrastructure Investment and Jobs Act (IIJA) [1] Group 1: Company Strategy - CRH is actively expanding its operations by making substantial acquisitions year-to-date [1] - The company is focusing on increasing its geographical presence and diversifying its materials supplies [1] Group 2: Market Outlook - There are durable expectations for infrastructure projects due to IIJA funding, which is likely to drive demand for materials [1]

RT Mario Nawfal (@MarioNawfal)🇺🇸UNION CHIEF TORCHES GOP’S “BEAUTIFUL BILL” AS A WORKER BETRAYALNABTU President Sean McGarvey says the bill is “a massive insult” to over 3 million construction workers."Our three million members are ready, willing, and able to build this country into the world's undisputed energy superpower. But this bill taxes their jobs away and undermines that mission.Critical infrastructure projects essential to that future are being sacrificed at the altar of ideology.We are especially o ...