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Forbes· 2025-07-10 14:24
$1 Billion Illinois Firm Thrives Thanks To Its Cozy Caterpillar Relationships https://t.co/hCvthRj5Cw https://t.co/DsIagOlHrL ...
Parsons Celebrates Infrastructure Excellence in Missouri with Award on I-270 Project
Globenewswire· 2025-07-10 10:25
CHANTILLY, Va., July 10, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is proud to announce that its role as lead designer for the I-270 North Design-Build Project has been honored with the prestigious Engineering Excellence Award by the American Council of Engineering Companies (ACEC) of Missouri. In addition to this top state honor, the project also received national recognition through the 2025 ACEC Engineering Excellence Awards, underscoring its significance as one of the country's most innov ...
CEMATRIX Announces Start of North Carolina Project
Globenewswire· 2025-07-09 21:00
Core Insights - CEMATRIX Corporation has commenced a significant project in North Carolina, marking a key milestone for the company [2][5] - The project involves the installation of cellular concrete, which is expected to take approximately 12 months to complete, subject to adjustments based on contractor requirements [2][5] Company Overview - CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site, offering cost-effective and innovative solutions for geotechnical construction challenges [3][5] - The company operates through subsidiaries including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company [5] Product Applications - Cellular concrete has various applications, including lightweight engineered fill, retaining wall fill, insulating road subbase, and underwater fills [4]
DOJ indicts Oak View Group CEO Tim Leiweke over alleged role in bid rigging scheme
CNBC Television· 2025-07-09 16:21
We are getting some breaking news out of the DOJ and for that we're going to turn to Aean Jabvers. Morning Aan. Hey there Carl.The Department of Justice has just unsealed a criminal indictment of sports and commercial real estate executive Tim Leewiki. The charge here involves Leewiki's alleged participation in a bid rigging scheme related to construction of the $375 million event arena at the University of Texas in at Austin known as the Moody Center. Now, according to the indictment, Liewiki, a CEO of the ...
Orion Group Holdings to Report Second Quarter 2025 Financial Results on Tuesday, July 29
GlobeNewswire News Room· 2025-07-09 11:00
HOUSTON, July 09, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today announced that it will issue its second quarter 2025 financial results after the close of the stock market on Tuesday, July 29, 2025. A conference call and audio webcast with analysts and investors will be held the next day, Wednesday, July 30 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. About Orion Group Holdings, Inc. Orion Grou ...
Crown Electrokinetics (CRKN) Earnings Call Presentation
2025-07-09 09:42
Financial Performance & Outlook - Crown's revenue significantly increased from $0.2 million in 2023 to $19.7 million in 2024[75] - The company anticipates achieving cash flow positivity by the end of 2025[76, 79] - As of March 31, 2025, Crown maintains a strong financial position with over $20 million in cash[76] Business Divisions & Opportunities - The Construction Division specializes in fiber optics, water service lines, and water intake solutions[13, 16] - The Smart Windows Division focuses on technology that improves energy efficiency and reduces carbon footprint in buildings[14] - The Fiber Optics business is driven by increasing demand for bandwidth, with U S homes and businesses having 55% direct fiber connection estimated in 2025, up from 39% in 2022[18, 20] - The Water Service Lines business is targeting the replacement of an estimated 9.2 to 12.8 million lead pipes in the U S , supported by government funding[29] - The Water Intake Solutions business completed its first slant wells installation in Cabo San Lucas, Mexico in February 2025[50] Smart Windows Technology - Smart Window Inserts utilize DynamicTint™ technology for energy efficiency and carbon emission reduction in buildings[62, 64] - DynamicTint™ offers a fast tint transition time and is significantly less expensive compared to other tint solutions, with patent protection[69]
Argo Launches Gulf Coast Distribution and Mixing Center with Landry Construction in Kenner, Louisiana, to Support North American Expansion
Globenewswire· 2025-07-08 05:00
Core Insights - Argo Graphene Solutions Corp. has opened a Gulf Coast Distribution and Mixing Center in Kenner, Louisiana, as part of its North American growth strategy [1][4] - The facility is strategically located near the Port of New Orleans, providing access to significant transportation networks [2][4] Company Operations - The Kenner facility will oversee the storage, mixing, and distribution of Argo's graphene-infused concrete and cement, serving as a launch point for product fine-tuning [3][4] - A lease agreement has been established for a 2,000 square foot facility at a monthly rate of USD$5,000, along with a management services contract with Landry Construction for USD$8,000 per month [5] Strategic Importance - The location enhances Argo's ability to scale eco-friendly infrastructure technologies and offers faster access to customers in the Southern U.S. and Mexico [4] - The facility will function as both a distribution hub and a mixing and integration center, optimizing delivery time and cost while tailoring products to specific project needs [8]
Great Lakes Dredge & Dock (GLDD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-07-07 23:16
Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.84, reflecting a -1.82% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.79% [1] - Over the last month, GLDD shares increased by 2.9%, lagging behind the Construction sector's gain of 5.56% and the S&P 500's gain of 5.22% [1] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at $0.08, indicating a 27.27% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $174.33 million, which represents a 2.49% increase from the equivalent quarter last year [2] - For the full year, earnings are projected at $0.96 per share and revenue at $816.02 million, showing changes of +14.29% and +6.99% respectively from the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they reflect changing business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates estimated changes, currently ranks Great Lakes Dredge & Dock as 1 (Strong Buy), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.61, which is a discount compared to the industry average of 23.2 [6] - The company has a PEG ratio of 1.05, while the average PEG ratio for the Building Products - Heavy Construction industry is 1.46 [6] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 2, placing it in the top 1% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Bird Announces Voting Results for the Election of Directors
Globenewswire· 2025-07-07 21:05
Core Points - Bird Construction Inc. announced the results of the election of Directors at its annual general meeting held on May 14, 2025 [1] - All nominees listed in the Management Information Circular dated March 26, 2025, were elected as Directors [2] Voting Results - Evelyn Angelle received 99.61% votes in favour and 0.39% votes withheld [2] - J. Richard Bird received 93.64% votes in favour and 6.36% votes withheld [2] - Steven L. Edwards received 99.54% votes in favour and 0.46% votes withheld [2] - J. Kim Fennell received 98.71% votes in favour and 1.29% votes withheld [2] - Jennifer F. Koury received 96.88% votes in favour and 3.12% votes withheld [2] - Terrance L. McKibbon received 99.93% votes in favour and 0.07% votes withheld [2] - Gary Merasty received 98.84% votes in favour and 1.16% votes withheld [2] - Luc J. Messier received 94.21% votes in favour and 5.79% votes withheld [2] - Paul R. Raboud received 98.18% votes in favour and 1.82% votes withheld [2] - Sophia Saeed received 99.03% votes in favour and 0.97% votes withheld [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company operating nationwide [3] - The company provides a comprehensive range of construction services and innovative solutions to various markets including industrial, buildings, and infrastructure [3] - Bird has a commitment to safety and high service levels, aiming to deliver long-term value for all stakeholders [3]
Fastenal (FAST) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-07 15:00
Core Viewpoint - Fastenal is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on July 14, with expectations that better-than-expected results could drive the stock price higher, while disappointing results may lead to a decline [2]. - Fastenal is projected to post quarterly earnings of $0.28 per share, reflecting a year-over-year increase of +12%, and revenues are expected to reach $2.06 billion, up 7.5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial estimates during this period [4]. - The Most Accurate Estimate for Fastenal is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +3.05%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Fastenal currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - Fastenal has not been able to exceed consensus EPS estimates in any of the last four quarters, with the last reported quarter matching expectations at $0.26 per share, resulting in no surprise [13][14]. Conclusion - Fastenal is viewed as a compelling candidate for an earnings beat, but investors are advised to consider other factors that may influence stock performance beyond just earnings results [15][17].