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JFB Construction Holdings Commences Construction on Multi-Million-Dollar Residence and Equestrian Estate in Wellington, Fla.
Globenewswire· 2025-06-11 12:30
Lantana, Fla., June 11, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial and residential property development, announces that it has commenced construction on a custom-build, multi-million-dollar residence and equestrian estate in Wellington, Florida. "Owning an equestrian estate home in the established community of Wellington, Florida is truly a unique experience," said CEO Joseph F. Basile, I ...
DIRTT Announces Approval to Trade on the OTCQX® Best Market
Globenewswire· 2025-06-11 12:00
CALGARY, Alberta, June 11, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has been approved to trade on the OTCQX® Best Market. It will begin trading today on OTCQX under the symbol "DRTTF." The Company upgraded to OTCQX from the Pink® market. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. "DIRTT's presence ...
OTC Markets Group Welcomes DIRTT Environmental Solutions Ltd to OTCQX
Globenewswire· 2025-06-11 11:00
NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced DIRTT Environmental Solutions Ltd (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, has qualified to trade on the OTCQX® Best Market. DIRTT Environmental Solutions Ltd upgraded to OTCQX from the Pink® market. DIRTT Environmental Solutions Ltd begins trading today on OTCQX under the symbol “DRTTF.” U.S. investors ...
Select Billionaire Money Managers Are Selling a Stock-Split Stock That's Gained 214,000% Since Its IPO -- and They're Likely to Regret It
The Motley Fool· 2025-06-11 07:06
Group 1 - The article discusses the recent actions of billionaire fund managers who sold shares of Fastenal, a company that has experienced significant stock price appreciation and has completed multiple stock splits over the years [1][7][15] - Fastenal has delivered a total return exceeding 214,000% since its IPO in 1987, marking its ninth stock split recently [15][19] - The article highlights that while stock splits can attract investor interest, they do not fundamentally change a company's market cap or performance [8][9] Group 2 - Billionaire fund managers Cliff Asness and Israel Englander reduced their stakes in Fastenal, with Asness selling about 519,000 shares and Englander selling roughly 203,000 shares [17][19] - The forward price-to-earnings (P/E) ratio of Fastenal is currently 35, which is a 16% premium compared to its average over the past five years, potentially influencing the decision to sell [19] - Fastenal's business is closely tied to the health of the U.S. and global economy, with its operations expected to grow alongside economic expansion [20][21]
泸州龙马潭:政银企携手 巧破难题
Zhong Guo Xin Wen Wang· 2025-06-11 05:42
在特兴街道的助企实践中,服务创新始终与民营企业发展同频共振。针对不同成长阶段企业特点,该街 道联合金融机构打出服务"组合拳":为初创企业定制"创业贷套餐",为孵化企业推出"批量授信计划"。 中新网四川新闻6月11日电 (邹立洋)"新项目敲定了吗?要准备贷款了吗?银行贷款顺利吗?"近日,泸 州市龙马潭区特兴街道经发办主任李彬拨通了四川玖华建筑工程有限公司负责人贺业奎的电话,回访企 业贷款进度。 去年12月9日,李彬带着泸州农商银行特兴支行行长郑宇进企业,上门了解发展需求,解决企业难题。 那时,四川玖华建筑工程有限公司正在对接一个新的建筑项目,贺业奎现场咨询起了贷款政策。郑宇不 仅现场解答,第二天还带上信贷经理上门收集了贷款所需的基础资料。 自泸州市推进"进企业、解难题、促发展"工作以来,特兴街道一场政银企三方联动的"解题行动"正在展 开。街道通过建立"政府牵线、银行组团"的服务机制,探索出一条助推实体经济发展的新路径。 "政银cp"主动登门服务转型初显成效 "没想到街道会带着银行行长上门讲政策。"提起去年底的那次走访,贺业奎记忆犹新。去年12月9日, 由特兴街道经发办主任李彬与泸州农商银行特兴支行行长郑宇组成的 ...
Safe and Green Holdings Corp. Engages ShareIntel to Investigate Unusual Trading Activity
Globenewswire· 2025-06-10 13:15
Core Viewpoint - Safe & Green Holdings Corp. has engaged Shareholder Intelligence Services, LLC to investigate potential illegal trading activities, including naked short selling and market manipulation of its common stock [1][2]. Group 1: Company Actions - The decision to engage ShareIntel follows an internal review that raised concerns about potential violations of securities laws [2]. - The company aims to utilize ShareIntel's DRIL-Down™ analytics to gain insights into shareholder trading activity and protect investor interests [2][3]. - The company is also considering further legal and regulatory actions, including participation in the SEC Whistleblower Program and collaboration with other affected public companies [3]. Group 2: Shareholder Intelligence Services - ShareIntel is an application service provider that helps public companies track and analyze shareholder trading information [4]. - The patented DRIL-Down™ process will be used to aggregate and analyze data from various sources, enabling the company to identify suspicious trading activities [4]. Group 3: Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, focusing on sustainable solutions across various industries [5]. - The company supports developers, architects, builders, and owners in achieving faster execution and greener construction [5].
Orion Group Holdings Announces CFO Transition
Globenewswire· 2025-06-10 11:00
Core Points - Alison Vasquez has been appointed as the new Chief Financial Officer (CFO) of Orion Group Holdings, effective June 23, 2025, succeeding Scott Thanisch who will remain in an advisory role until July 1, 2025 [2][4] - The company has reiterated its full year 2025 guidance, projecting revenue between $800 million and $850 million, and Adjusted EBITDA in the range of $42 million to $46 million [3][4] Company Overview - Orion Group Holdings is a leading specialty construction company that operates in the infrastructure, industrial, and building sectors, providing services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [6][7] - The company’s marine segment offers construction and dredging services related to marine transportation facility construction, marine pipeline construction, and environmental structures, while its concrete segment provides turnkey concrete construction services [6] Leadership Insights - Travis Boone, the President and CEO, expressed excitement about Vasquez joining the executive leadership team, highlighting her extensive experience in finance, accounting, and investor relations as a strong fit for the company's growth and profitability goals [4][5] - Vasquez has over 25 years of experience in public companies, previously serving as Senior Vice President and Chief Accounting Officer at KBR, Inc., and has held various leadership roles in finance and auditing [4][5]
Will Great Lakes' $1B Backlog Keep Margins Strong Through 2026?
ZACKS· 2025-06-09 14:25
Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) has a competitive edge in large-scale capital and coastal protection projects, with a dredging backlog of $1 billion as of March 31, 2025, up from $879.4 million year-over-year, with 95% of this backlog related to capital and coastal protection projects [1][8] - The company benefits from strong demand for government-funded coastal restoration projects, enhancing revenue visibility and margin growth due to reduced payment failure risks and efficient asset utilization [2] - GLDD's new build program, with over $500 million invested, is crucial for modernizing its fleet for large-scale projects, and the company plans to spend between $140 million and $160 million in 2025 on this program and maintenance [3] Industry Trends - Other heavy construction firms like Orion Group Holdings, Inc. and Quanta Services, Inc. are also experiencing backlog growth due to strong public funding for infrastructure projects [4] - Orion Group's backlog increased by 11% year-over-year to $839.7 million, with 72.3% from the Marine segment, reflecting optimism in end markets [5] - Quanta Services reported a total backlog of $35.25 billion, with a 12-month backlog of $19.42 billion, marking year-over-year increases of 17.9% and 16.7%, respectively [6] Financial Performance - GLDD's stock price surged 52.8% in the past three months, outperforming the Zacks Building Products - Heavy Construction industry and the broader S&P 500 index [7][8] - The company's gross margin expanded by 570 basis points year-over-year to 28.6% in Q1 2025, driven by large-scale, government-funded coastal projects [8] - Earnings estimates for GLDD have increased by 34.8% for 2025 to $0.93 per share and by 11.8% for 2026 to $0.95 per share, indicating year-over-year growth of 10.7% and 2.7%, respectively [11]
SaverOne Further Broadens its Global Expansion with a new Agreement with CEMEX Germany
Globenewswire· 2025-06-09 12:30
Core Points - SaverOne has signed a new commercial agreement with CEMEX Logistik GmbH for the installation of Driver Distraction Prevention Systems in CEMEX's fleet of approximately 1,000 trucks [1][2] - This agreement enhances the collaboration between SaverOne and CEMEX, following previous deployments in Israel, Spain, and the Czech Republic [2][3] - CEMEX emphasizes the importance of safety and efficiency in logistics operations, citing positive results from similar implementations across Europe [3] - SaverOne's technology aims to address driver distraction, a leading cause of road accidents, by preventing access to distracting applications while allowing necessary functions like navigation [5][6] - The annual cost of road accidents in the U.S. is approximately $870 billion, with a quarter of these accidents linked to mobile phone use while driving [5] - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, focusing on markets in Israel, Europe, and the U.S. [6][9] - The company plans to expand its technology offerings in the aftermarket and collaborate with OEM vehicle manufacturers for integration during production [7][9] Company Overview - CEMEX is a global leader in construction materials and solutions, committed to sustainability and carbon neutrality through innovation [4] - The company offers a range of products including cement, ready-mix concrete, and aggregates, supported by a multinational workforce and digital technologies [5] - SaverOne specializes in developing transportation safety solutions to reduce vehicle accidents caused by driver distraction [9]
New Strong Buy Stocks for June 9th
ZACKS· 2025-06-09 12:16
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:The E.W. Scripps Company (SSP) : This media enterprise company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days.MYR Group Inc. (MYRG) : This electrical construction services company has seen the Zacks Consensus Estimate for its next year earnings increasing nearly 6% over the last 60 days.Swedbank AB (publ) (SWDBY) : This banking products and services has seen the Zacks Consensus ...