Core Insights - Stantec reported a strong first quarter for 2025, with net revenue increasing by 13.3% year-over-year to $1.6 billion, driven by both organic growth of 5.9% and acquisition growth of 3.2% [3][6][11] - The company achieved an adjusted EBITDA of $252.3 million, reflecting a 19.1% increase, and an adjusted EBITDA margin of 16.2%, which is a 70 basis point improvement compared to the same quarter in 2024 [3][6][11] - Stantec's backlog reached a record high of $7.9 billion, up 12.8% year-over-year, indicating strong future revenue potential [4][6][11] Financial Performance - Net income for Q1 2025 increased by 29.8% to $100.1 million, with diluted EPS rising by 29.4% to $0.88 [11][12] - Adjusted net income grew by 28.9% to $132.8 million, achieving 8.6% of net revenue, an increase of 110 basis points [11][12] - Operating cash flows increased significantly by 135.8% to $100.7 million, demonstrating strong cash flow generation [11] Growth Strategy - Stantec reaffirmed its 2025 guidance, targeting net revenue growth of 7% to 10%, with adjusted EBITDA margin expected to be between 16.7% and 17.3% [5][8][9] - The company is optimistic about organic growth in both the US and Canada, expecting mid- to high-single-digit growth driven by a robust backlog [8][10] - Stantec has entered into definitive agreements to acquire Page and Ryan Hanley, which will enhance its capabilities and expand its workforce by over 1,500 team members [4][6][15] Market Position - The acquisition of Page, a 1,400-person architecture and engineering firm, positions Stantec to become the second largest architecture firm in the US, enhancing its expertise in advanced manufacturing and healthcare [4][6][11] - The acquisition of Ryan Hanley strengthens Stantec's presence in the Irish water sector, further diversifying its service offerings [15] Segment Performance - In Q1 2025, net revenue by region showed strong performance, with Canada achieving 12.2% organic growth, the US growing by 2.4%, and Global operations increasing by 7.5% [13] - The project margin increased to 54.3%, reflecting solid project execution and effective cost management [11][12] Future Outlook - Stantec anticipates continued strong demand and operational performance, with a focus on maintaining high project margins and effective cost management strategies [9][10] - The company expects adjusted EPS growth of 16% to 19% compared to 2024, indicating confidence in its financial trajectory [10]

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Company Performance - M-tron Industries, Inc. reported quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.66 per share, but showing an increase from $0.53 per share a year ago, resulting in an earnings surprise of -15.15% [1] - The company posted revenues of $12.73 million for the quarter ended March 2025, which was 2.06% below the Zacks Consensus Estimate, but an increase from $11.19 million year-over-year [2] - Over the last four quarters, M-tron Industries has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - M-tron Industries shares have increased approximately 18.5% since the beginning of the year, contrasting with a -0.6% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $13.2 million, and for the current fiscal year, it is $2.72 on revenues of $53.7 million [7] Industry Outlook - The Engineering - R and D Services industry, to which M-tron Industries belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact M-tron Industries' stock performance [5][6]

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Core Insights - Sterling Infrastructure, Inc. (STRL) reported strong first-quarter 2025 earnings with adjusted EPS of $1.63, reflecting a 29% year-over-year growth and beating consensus estimates [1] - Adjusted EBITDA increased by 31% to $80 million, driven by improved margins and disciplined project execution [1] - Revenue reached $430.9 million, growing 7% on a pro forma basis despite a reported year-over-year decline due to a joint venture accounting change [1] - The gross margin expanded by 450 basis points to 22%, indicating operational efficiencies and a favorable project mix [1] - The company reported strong operating cash flow of $85 million and continued capital deployment, including a $25 million acquisition of Drake Concrete [1] Financial Performance - STRL's stock gained 7.3% post-earnings release, outperforming the Zacks Engineering - R and D Services industry (up 1.8%) and the broader Zacks Construction sector (up 0.4%) [2] - The stock is currently trading at a 13.7% discount to its 52-week high of $206.07 and a premium of 90.1% to its 52-week low of $93.50 [2] - STRL is trading above its 200-day and 50-day simple moving averages, indicating positive momentum [3] Growth Drivers - The E-Infrastructure Solutions segment was the primary growth driver, recording 18% revenue growth and a 61% increase in operating income in Q1 [6] - The data center market surged approximately 60% year-over-year, now constituting over 65% of the E-Infrastructure backlog, driven by AI-related computing demand [6] - The company's focus on mission-critical, large-scale projects has provided a competitive edge, with a 618 basis point margin expansion in the E-Infrastructure segment [7] Backlog and Future Opportunities - The total backlog at the end of Q1 2025 reached a record $2.13 billion, up 26% from the end of 2024, with E-Infrastructure accounting for $1.22 billion [8] - Sterling reported $750 million in future phase opportunities, indicating strong continuity of project work [8] - In Transportation Solutions, backlog increased to $861 million, up 11% on a pro forma basis, suggesting ongoing strength in infrastructure spending [9] Strategic Initiatives - The company is optimizing its project mix by reducing exposure to low-bid, heavy highway work and reallocating resources to high-value projects [10] - In E-Infrastructure, Sterling employs a phase-by-phase pricing model to maintain profitability during volatile commodity cycles [11] - The acquisition of Drake Concrete is expected to contribute $55 million in revenues and $6.5 million in EBITDA in 2025, diversifying customer concentration [13] Market Position and Valuation - STRL has consistently surpassed profit estimates, with an average earnings surprise of 11.5% [15] - The company is currently trading at a premium relative to its industry and historical metrics, with a forward 12-month P/E ratio above its five-year average [16] - STRL's P/E ratio is higher than Dycom but lower than Construction Partners and Comfort Systems USA [17] Investment Outlook - Sterling presents a compelling buy opportunity backed by strong fundamentals, consistent execution, and robust sector tailwinds [20] - The company’s E-Infrastructure segment is the core growth engine, with a record backlog providing long-term revenue clarity [21] - With a 6.6% stock gain post-earnings and upward estimate revisions for 2025 EPS growth of 38.5%, STRL stands out as a strong growth candidate in the mid-cap infrastructure space [22]

Technip Energies (PARIS:TE) (the “Company”), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, today announces the launch of a share buy-back program of up to €45 million (the “Share Buy-back Program”) to be used to fulfill the Company's obligations under equity compensation plans. The maximum number of shares that can be acquired under the Share Buy-back Program is 1.5 million. The Share Buy-back Program is to be carried out until December 31, 2025. The Shar ...

© 2025 Fluor Corporation. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. 1 GORDIE HOWE INTERNATIONAL BRIDGE PROJECT // PORTS OF ENTRY INTO CANADA AND THE U.S. Q1 2025 RESULTS MAY 2, 2025 SAFE HARBOR STATEMENT This presentation contains forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "intends," "continue," "anticipates," is "positioned" or other similar expressions). The ...

Core Viewpoint - Matrix Service experienced a significant decline in stock price following disappointing quarterly earnings, with a nearly 9% drop on a day when the broader market remained relatively flat [1] Financial Performance - For fiscal Q3 2025, Matrix Service reported a 21% year-over-year revenue growth, reaching slightly over $200 million [2] - The company narrowed its non-GAAP adjusted net loss to $3.3 million, or $0.12 per share, compared to a loss of $14.6 million in the same quarter last year [2] Revenue Drivers - The revenue increase was attributed to strong performance in storage and terminal solutions, as well as utility and power infrastructure segments, driven by large-scale project execution [3] - Analysts had higher expectations, with a consensus estimate of over $247 million in revenue and a net loss of $0.05 for the quarter [3] Project Backlog - Matrix Service reported a nearly 8% year-over-year growth in project backlog, now totaling $1.4 billion [3] Revenue Guidance - The company lowered its revenue guidance for fiscal 2025 to a range of $770 million to $800 million, down from the previous estimate of $850 million to $900 million [4] - The new guidance, while above fiscal 2024's revenue of $728 million, falls short of the average analyst estimate of $854 million [4] Market Sentiment - The gap between expected performance and actual results raises concerns, leading to a cautious outlook on the stock until stronger improvement is demonstrated [5]

Company Overview - Sterling Infrastructure (STRL) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - The company has shown significant price performance, with shares up 37.91% over the past quarter and 43.35% over the last year [7] Price Performance - STRL shares increased by 9.15% over the past week, outperforming the Zacks Engineering - R and D Services industry, which rose by 0.59% [6] - The monthly price change for STRL is 35.5%, compared to the industry's 4.78% performance [6] Trading Volume - The average 20-day trading volume for STRL is 1,059,492 shares, indicating a bullish sign for the stock [8] Earnings Outlook - Over the past two months, one earnings estimate for STRL has moved higher, while none have moved lower, increasing the consensus estimate from $8.21 to $8.45 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]

Core Viewpoint - Tetra Tech, Inc. reported strong second-quarter fiscal 2025 results, with adjusted earnings per share of 33 cents, exceeding expectations and reflecting an 18% year-over-year increase driven by robust performance across all segments [1][2]. Revenue & Segmental Performance - Tetra Tech generated revenues of $1.32 billion, a 5.6% year-over-year increase, surpassing management's guidance [1][2]. - Adjusted net revenues were $1.10 billion, up 5% year over year, also exceeding the Zacks Consensus Estimate of $1.05 billion [2]. - The backlog at the end of the fiscal second quarter was $4.09 billion, an increase of $127 million year over year [2]. - Revenues from U.S. Federal customers (30% of total revenues) increased by 1%, supported by projects from the Defense and U.S. Army Corps of Engineers [3]. - U.S. Commercial sales (17% of total revenues) rose by 5%, driven by environmental remediation and high-voltage transmission sales [3]. - U.S. State and Local sales (15% of total revenues) surged by 44% year over year, bolstered by disaster response efforts [4]. - International sales (38% of total revenues) increased by 1%, supported by U.K. planning and design [4]. - Government Services Group segment revenues were $521 million, up 12% year over year, while Commercial/International Services Group segment revenues totaled $597 million, a 2% increase [4]. Margin Profile - Subcontractor costs totaled $218.4 million, a 9.8% increase from the previous year [5]. - Adjusted operating income rose by 10.5% year over year to $130.09 million, with an adjusted margin increase of 40 basis points to 9.8% [6]. Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the fiscal second quarter were $179.4 million, down from $232.7 million at the end of the previous quarter [7]. - Long-term debt decreased to $764.1 million from $812.6 million [7]. - In the first six months of fiscal 2025, net cash generated from operating activities was $7.24 million, compared to $112.2 million in the prior year [8]. - Capital expenditure increased by 25.6% year over year to $9.37 million [8]. - Proceeds from borrowings amounted to $215 million, with long-term debt repayments totaling $15 million [8]. Shareholder-Friendly Policies - Tetra Tech distributed dividends totaling $30.9 million in the first six months of fiscal 2025, up from $27.8 million in the previous year [9]. - The company repurchased shares worth $175 million during the same period [9]. Fiscal 2025 Outlook - For fiscal 2025, Tetra Tech anticipates net revenues in the range of $4.400-$4.765 billion, an increase from the previous guidance [10]. - Adjusted earnings are projected to be between $1.42 and $1.52 per share, compared to earlier expectations of $1.37-$1.52 [10]. - For the fiscal third quarter, management estimates net revenues of $1.10-$1.20 billion and adjusted earnings of 35-40 cents per share [11].