Core Viewpoint - NV5 Global, Inc. reported strong financial results for the first quarter of 2025, with significant increases in revenue and cash flows, positioning the company for continued growth throughout the year [2][3]. Financial Performance - Gross revenues for Q1 2025 increased by 10% to $234.0 million from $212.6 million in Q1 2024, with 5% of this growth being organic [4][2]. - Net income surged by 456% to $0.4 million compared to $0.1 million in the same quarter of 2024, with GAAP EPS rising to $0.01 per share from $0.00 [5][6]. - Cash flows from operations reached $38 million, marking a 96% increase from $19.6 million in Q1 2024 [5][6]. Adjusted Metrics - Adjusted EBITDA rose by 8% to $29.7 million from $27.6 million year-over-year [6]. - Adjusted EPS grew by 13% to $0.17 per share compared to $0.15 per share in Q1 2024 [6]. Acquisitions and Growth Strategy - The three acquisitions completed in Q1 2025 had minimal immediate financial impact but are expected to enhance the company's expansion in key geographies and accelerate organic growth [3]. - The company reaffirmed its full-year 2025 guidance for revenue and earnings per share, supported by a strong backlog and pipeline of opportunities [3].

Financial Highlights - Q1 2025 total revenue reached $1.554 billion, a 1% increase compared to $1.536 billion in Q1 2024[8, 13, 16] - Net income increased by 67% to $66 million in Q1 2025[8, 11] - Adjusted EBITDA increased by 5% to $149 million in Q1 2025 from $141 million in Q1 2024[8, 15, 16] - Adjusted EBITDA margin expanded by 40 basis points to 9.6% in Q1 2025[7, 11, 14, 16] - Record backlog increased by $42 million to $9.1 billion, with 69% funded[7, 11] Business Segment Performance - Federal Solutions revenue decreased by 7% to $843 million in Q1 2025[18, 20] - Critical Infrastructure revenue increased by 14% to $712 million in Q1 2025[19, 20] - Critical Infrastructure adjusted EBITDA increased by 51% to $73 million in Q1 2025[19, 20] - Critical Infrastructure book-to-bill ratio was strong at 1.4x[7, 20] Strategic Moves and Outlook - The company acquired TRS Group for approximately $37 million to enhance environmental remediation capabilities[7, 42] - The board approved a $250 million share repurchase authorization[44]

Core Insights - Jacobs has been awarded an unrestricted U.S. GSA OASIS+ Multi-Agency Contract, enabling the company to provide integrated services to various federal agencies globally [1][2] - The contract allows Jacobs to deliver a comprehensive range of services, including management, advisory, environmental, engineering, and technical support [2] - Jacobs has a strong track record of over 20 years in delivering critical projects for federal clients, showcasing its commitment to meeting evolving needs with innovative solutions [3] Company Performance and Recognition - Jacobs is recognized as a leader in several categories, ranking No. 1 in Government Office Design, No. 2 in Construction Management/PM-for-Fee Firms, No. 2 in Site Assessment & Compliance, and No. 3 in the Top 200 Environmental Firms by Engineering News-Record in 2024 [4] - The company generates approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [5]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Stantec (STN) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][9]. Group 1: Earnings Growth - Stantec has a historical EPS growth rate of 18.1%, with projected EPS growth of 15.7% for the current year, significantly outperforming the industry average of 3.6% [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.2%, surpassing the industry average of 12.6%. Additionally, Stantec's annualized cash flow growth rate over the past 3-5 years stands at 28.8%, compared to the industry average of 8.3% [5][6]. Group 3: Earnings Estimate Revisions - Stantec has seen a positive trend in earnings estimate revisions, with the current-year earnings estimates increasing by 3.6% over the past month, contributing to its Zacks Rank of 1 [7][9].

Core Viewpoint - Castellum, Inc. has expanded its service offerings by adding Special Item Number (SIN) 541611 to its subsidiary GTMR's existing GSA MAS contract, enabling it to bid on management and financial consulting contracts [1][3]. Group 1: Company Expansion - The addition of SIN 541611 allows GTMR to compete for contracts related to management and financial consulting, acquisition and grants management support, and business program and project management services [1]. - This expansion signifies a strategic move from engineering services into professional services, showcasing the company's ability to leverage past performance in similar market areas [2][3]. Group 2: Leadership and Growth Strategy - Drew Merriman, Chief Operating Officer of Castellum, emphasized the importance of this step in leveraging joint venture agreements and focusing on organic growth [3]. - The company aims to respond to Requests for Quotations (RFQs) and Requests for Proposals (RFPs) specifically tied to the newly added SIN 541611, indicating a proactive approach to market opportunities [2].

Core Insights - Parsons Corporation has been awarded a $1.5 billion indefinite-delivery, indefinite-quantity contract by the Air Force Civil Engineering Center to provide architect-engineer services for environmental issues, particularly focusing on PFAS [1][2][3] Contract Details - The contract includes a five-year base period with five one-year option periods and an additional six-month extension option [1] - Parsons will compete for task orders based on qualifications to address various environmental issues at U.S. Air Force installations and other federal clients [2] Company Commitment and Experience - Parsons emphasizes its commitment to providing cost-effective solutions for environmental remediation, leveraging over 50 years of experience in supporting the Department of Defense [3] - The company has been involved in PFAS remediation, including managing a groundwater treatment system for the National Guard Bureau [3] Recent Developments - The acquisition of TRS Group, Inc. in February 2025 has enhanced Parsons' capabilities in environmental remediation technology [3]

Core Insights - Jacobs announced it received $70 million and 7,299,065 shares of Amentum Holdings, Inc. as part of the CMS Separation Transaction, marking the final adjustments related to this merger [1][2][3] Financial Impact - The $70 million received was utilized to repay a portion of Jacobs' outstanding debt [2] - The shares of Amentum common stock represent 3% of Amentum's outstanding shares at the time of the transaction's closure, with plans to distribute them to Jacobs' shareholders pending Board approval [2] Transaction Completion - The final determination of post-closing adjustments signifies the completion of the CMS Separation Transaction, aside from certain ongoing transition services [3] Company Overview - Jacobs operates with approximately $12 billion in annual revenue and a workforce of nearly 45,000, providing comprehensive services across various sectors including advanced manufacturing, energy, and environmental solutions [4]

Core Insights - Tetra Tech, Inc. (TTEK) has secured an extended One Acquisition Solution for Integrated Services (OASIS+) contract from the Government Services Administration (GSA) for broad service areas, with financial terms undisclosed [1] - The five-year, multiple-award Indefinite Delivery Indefinite Quantity contract includes various technical service areas to support federal agencies, building on Tetra Tech's previous success under the OASIS contract, where the company earned over $725 million in project awards [2] Recent Contracts and Growth Drivers - Tetra Tech has recently received multiple contracts that are expected to drive growth, including a contract from the U.S. Army Corps of Engineers (USACE) for architect-engineer services [3] - In March 2025, Tetra Tech secured a contract from United Utilities for managing flooding and stormwater control in the UK, along with three contracts worth $416 million from USACE for technical services in the Indo-Pacific region [4] - In October 2024, Tetra Tech obtained a $249 million contract from USACE Omaha District for environmental evaluation and design services across the U.S. [5] Financial Performance and Challenges - Tetra Tech currently holds a Zacks Rank 4 (Sell), with shares declining by 27.1% over the past year, compared to a 20.5% decline in the industry [6] - The company is facing rising operating costs and expenses, which may impact margins, alongside high debt levels that could affect profitability [6]

Core Insights - The Middleby Corporation (MIDD) reported fourth-quarter 2024 adjusted earnings of $2.88 per share, exceeding the Zacks Consensus Estimate of $2.50, with an 8.7% year-over-year increase despite lower sales [1] - Net sales reached $1.01 billion, surpassing the consensus estimate of $995 million, marking a 0.5% year-over-year increase, although organic sales decreased by 1.3% [1] Segmental Results - The Commercial Foodservice Equipment Group, accounting for 60.1% of net sales, generated $609.4 million, down 2.9% year over year, with organic sales decreasing by 2.8% [3] - The Residential Kitchen Equipment Group, representing 18.3% of sales, totaled $185 million, a decline of 2.1% year over year, with organic sales plunging by 2.4% [4] - The Food Processing Equipment Group, making up 21.6% of sales, reported $219.4 million, an increase of 14.4% year over year, with organic sales rising by 4.7% [5] Margin Profile - Cost of sales increased by 0.5% year over year to $624.9 million, while gross profit rose by 0.6% to $388.9 million, maintaining a gross margin of 38.4% [6] - Selling, general and administrative expenses decreased by 6.9% year over year to $178.4 million, leading to an operating income increase of 8.2% to $208.5 million, with an operating margin of 20.6% [6] Cash Flow and Balance Sheet - At the end of the first quarter, cash and cash equivalents stood at $689.5 million, up from $247.5 million at the end of December 2023, while long-term debt decreased to $2.35 billion [8] - In 2024, net cash generated from operating activities was $686.8 million, compared to $628.8 million in the previous year, with free cash flow reaching $640 million [9] Strategic Developments - Middleby announced plans to spin off its food processing business into a standalone public company, expected to be completed by early 2026, aiming to enhance strategic focus and capital optimization for both entities [10][11] - The food processing business reported revenues of $731 million with a 25% adjusted EBITDA margin, while the commercial foodservice segment achieved $2.4 billion in revenues with a 27% adjusted EBITDA margin [12]

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 As filed with the U.S. Securities and Exchange Commission on August 30, 2024 Registration No. 333-281514 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 74 Tagore Lane, #02-00 Sindo Industrial Estate Singapore 787498 Tel: +65 62857781 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) FBS Global Limited (Exact name of registrant as spe ...