CHANTILLY, Va., May 29, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) proudly announced the official completion of the I-80/Gilman Street Interchange Improvement Project in Berkeley, California, celebrated during a ribbon-cutting ceremony held on April 28. Hosted by the Alameda County Transportation Commission and the California Department of Transportation, the event marked a significant milestone in delivering long-awaited mobility improvements to the East Bay. The achievement comes as Parsons ...

Core Viewpoint - Multi Ways Holdings Limited has regained compliance with NYSE listing requirements after timely filing its Annual Report for the fiscal year ended December 31, 2024 [1][3]. Company Summary - Multi Ways Holdings Limited is a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [4]. - The company serves a diverse customer base, including clients from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, and offers a wide variety of new and used heavy construction equipment [4]. - Multi Ways is positioned as a one-stop shop for customers, providing not only equipment but also refurbishment and cleaning services [4]. Compliance and Regulatory Summary - On May 16, 2025, the company was notified by NYSE Regulation of non-compliance due to the late filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 [2]. - The company filed its 2024 Form 20-F on May 23, 2025, and subsequently received confirmation of regained compliance from NYSE Regulation on May 27, 2025 [3].

NEW YORK, May 29, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Everus Construction Group, Inc. (NYSE: ECG).Shareholders who purchased shares of ECG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/everus-construction-group-inc-loss-submission-form/?id=150489&from=4CLASS PERI ...

Financial Data and Key Metrics Changes - The company has transformed from being approximately 50% software five years ago to 75% software today [6] - Annual Recurring Revenue (ARR) has increased to over $2.1 billion, growing 17% organically in the first quarter [7] - Gross margins have improved by 1,200 basis points over the last five years, currently around 70% [7] - EBITDA has seen a 500 basis point improvement during the same timeframe [7] Business Line Data and Key Metrics Changes - The AECO (Architecture, Engineering, Construction, and Owners) software business is projected to reach about $1.4 billion in ARR this year [13] - The company has simplified its offerings, creating over 20 purpose-built bundles to enhance customer accessibility [15] - The construction software segment has seen a 19% growth in ARR in the first quarter, with two-thirds of new bookings coming from existing customers [22] Market Data and Key Metrics Changes - The company operates in 70 countries, with a significant presence in the U.S. market, benefiting from recent infrastructure laws and acts [50][51] - The construction software market is growing in the low single digits, while the company is growing at 19%, indicating market share gains [52] Company Strategy and Development Direction - The company's strategy focuses on "connect and scale," aiming to connect users, data, and stakeholders across industry lifecycles [9] - The company is pursuing a global expansion strategy, particularly in underserved markets like India and the Middle East [66] - The company is exploring both organic growth and potential M&A opportunities to enhance its capabilities in various markets [69] Management's Comments on Operating Environment and Future Outlook - Management sees a healthy backlog among customers, with labor being a bottleneck rather than demand [51] - The company believes it can continue to grow ARR in the teens for the foreseeable future, driven by a strong product-market fit and execution [23] - Management acknowledges the cyclical nature of the construction industry but emphasizes the secular trend towards digitization [57] Other Important Information - The company has undergone 23 divestitures and seven acquisitions in the last five years to simplify and focus its business [8] - The company is leveraging AI for internal efficiencies and customer-facing applications, enhancing productivity and service delivery [95][96] Q&A Session Summary Question: Where do you see new logo wins coming from? - New logo wins are expected to come from mid-sized contractors, with a focus on developing technology to penetrate further down market [89] Question: Can you provide more details about SketchUp? - SketchUp is a key product in the architecture and design suite, growing faster than the segment average, with over 200 million in ARR [91] Question: How is Trimble's cyclicality changing? - The company has a more durable business model today, with two-thirds of revenue being recurring, which provides resilience against market fluctuations [56] Question: What opportunities does Trimble see in the rental market? - The rental market presents opportunities for technology portability, especially in regions where rental is a common business practice [80] Question: How does the company plan to achieve its gross margin targets? - The company aims to reach 74% gross margin by 2027 through organic growth and a favorable mix of software over hardware [106]

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Lantana, FL, May 28, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a Real Estate Development and construction company focused on Hospitality, commerical, industrial and residential property development, announces that it has executed new contracts totaling more than $69.5 million to date in 2025. These contracts represent several key business verticals, including hospitality, commercial retail, industrial, high-end residential and real estate development. “This achievement is such an imp ...

Core Viewpoint - Xeriant, Inc. has successfully completed an 80-minute internal fire test for its NEXBOARD™ nanotechnology-based fire retardant, marking a significant milestone towards commercial production [1][2][3] Group 1: Product Development - The 80-minute fire test was conducted under controlled lab conditions, designed to exceed extreme fire exposure scenarios for certification [2] - Xeriant's proprietary fire-retardant formulation utilizes nanotechnology to create a chemically stable, heat-resistant barrier without toxic halogens or heavy metals [2][3] - NEXBOARD is an eco-friendly construction panel intended to replace traditional materials like drywall, OSB, and plywood, offering superior durability against fire, water, mold, insects, cracking, and abrasion [4][6] Group 2: Market Positioning - As fire safety regulations tighten across industries, Xeriant aims to position itself as a leader in sustainable fireproofing technologies [4] - The successful test results bring the company closer to delivering a commercially viable solution that meets the global demand for non-toxic, fire-resistant building products [3][4]

Core Viewpoint - Orion Group Holdings, Inc. has announced the dual listing of its common stock on NYSE Texas, maintaining its primary listing on the New York Stock Exchange with the same ticker symbol "ORN" [1] Group 1: Company Overview - Orion Group Holdings is a leading specialty construction company serving the infrastructure, industrial, and building sectors [3] - The company provides services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [3] - Orion's marine segment offers construction and dredging services related to marine transportation facility construction, marine pipeline construction, and environmental dredging [3] - The concrete segment provides turnkey concrete construction services for large commercial and structural projects [3] Group 2: Leadership Commentary - The CEO of Orion expressed pride in being among the founding members listed on NYSE Texas, highlighting the company's long-standing roots in Texas and its alignment with pro-growth values [2] - The Chief Development Officer of the NYSE Group welcomed Orion to NYSE Texas, emphasizing the state's business-friendly climate as a compelling platform for forward-looking companies [2]

ATLANTA, May 27, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Everus Construction Group, Inc. (“Everus” or “the Company”) (NYSE: ECG). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts regarding Everus’s business, operations, and prospects, including allegations that: (1) Everus’s backlog conversion cycle had become elongated due to larger, more complex projects; and (2) as a result, ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and financial instruments [1]. Group 1 - The website provides general news, publications, and personal analysis intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].