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Aecon announces voting results of Annual General Meeting
Globenewswire· 2025-06-03 21:00
Core Points - Aecon Group Inc. announced the election of its board of directors, with nominees holding office until the next Annual General Meeting [1] - Monica Sloan retired from the board after 12 years of service, contributing to various committees [2][3] - Shareholders approved all resolutions, including executive compensation and the re-appointment of PricewaterhouseCoopers LLP as auditors [4] Election of Directors - John M. Beck received 92.29% votes in favor, while Susan Wolburgh received 95.78% [5] - Leslie Kass, Stuart Lee, and Rod Phillips received over 96% votes in favor [5] - Scott Stewart had the highest approval at 99.40% [5] Advisory Vote on Executive Compensation - The advisory vote on executive compensation received 94.66% votes in favor [6] Appointment and Remuneration of Auditors - The appointment of auditors received 96.60% votes in favor, with 3.40% votes withheld [7] Dividend Announcement - Aecon's board approved a quarterly dividend of 19 cents per common share, payable on July 3, 2025 [8] Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company, providing integrated solutions across various sectors [9]
Dividend payment ex-date of AS Merko Ehitus is 29 May 2025
Globenewswire· 2025-05-27 17:00
AS Merko Ehitus (trading code MRK1T, ISIN code EE3100098328) will fix the list of shareholders for dividend payment as of the close of the business of the settlement system on 30 May 2025. Proceeding from the above, the ex-date is 29 May 2025. From that date onwards, the person acquiring the shares is not entitled to receive dividends for the financial year 2024. Please note that the ex-date is calculated based on settlement days, and according to the Nasdaq CSD calendar, 29 May 2025 is a business day, even ...
nexxbuild Announces Strategic Merger with Investcorp Europe Acquisition Corp I (IVCBF:US)
Globenewswire· 2025-05-27 11:00
WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) -- In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the "Merger") with Investcorp Europe Acquisition Corp I (IVCBF:US) ("IVCB"). This partnership signifies a step in nexxbuild's mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach. "Today marks the beginning of an exciting fu ...
Wall Street Analysts Think North American Construction (NOA) Could Surge 51.09%: Read This Before Placing a Bet
ZACKS· 2025-05-21 15:01
Core Viewpoint - North American Construction (NOA) has shown a significant price increase of 11.1% over the past four weeks, with a mean price target of $25.70 indicating a potential upside of 51.1% from its current price of $17.01 [1] Price Targets and Analyst Consensus - The average price target for NOA ranges from a low of $19.46 to a high of $31.68, with a standard deviation of $3.99, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 14.4% increase, while the highest suggests an 86.2% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Optimism - Analysts are optimistic about NOA's earnings prospects, as indicated by a trend of upward revisions in earnings estimates [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 1.3%, with one estimate moving higher and no negative revisions [12] - NOA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8] - Investors should treat price targets with skepticism and not rely solely on them for investment decisions [10]
Extension of the powers of a Member of the Management Board of AS Merko Ehitus
Globenewswire· 2025-05-21 13:00
Urmas Somelar Head of Finance AS Merko Ehitus +372 650 1250 urmas.somelar@merko.ee AS Merko Ehitus (group.merko.ee) group companies construct buildings and infrastructure and develop real estate. We create a better living environment and build the future. We operate in Estonia, Latvia, and Lithuania. As at the end of 2024, the group employed 605 people, and the group's revenue for 2024 was EUR 539 million. The Supervisory Board of AS Merko Ehitus decided to extend the powers of a Member of the Management Bo ...
Brigadier General Blaine Holt Discusses Xeriant on Radio Podcast with Greg Kelly of WABC77 Radio and Newsmax TV
Globenewswire· 2025-05-21 12:05
Core Insights - Xeriant, Inc. is focused on the discovery, development, and commercialization of disruptive technologies in advanced materials and aerospace, emphasizing sustainable innovation [1][4] - Brigadier General Blaine Holt (Ret.) highlighted Xeriant's mission and technologies during his appearance on "The Greg Kelly Show," underscoring the importance of green materials in aviation and defense [1][2] - Xeriant's eco-friendly NEXBOARD™ building panels are a key innovation aimed at replacing traditional construction materials, showcasing the company's commitment to sustainability [1][4] Company Overview - Xeriant, Inc. aims to integrate and commercialize advanced materials across multiple industrial sectors, with a focus on partnering with visionary companies [4] - The company's advanced materials line is marketed under the DUREVER™ brand, which includes the patent-pending NEXBOARD™ composite construction panel made from plastic and fiber waste [4] Industry Context - General Holt's comments reflect a broader trend in the aerospace and defense sectors towards sustainable and innovative technologies, positioning Xeriant as a company to watch [2] - The emphasis on flame-retardant technologies and aerospace innovations indicates a shift in industry standards and practices, aligning with safety and environmental considerations [2]
DBM Global Enters Into an Amended and Restated Credit Agreement
Globenewswire· 2025-05-20 20:06
Core Viewpoint - INNOVATE Corp. announced that DBM Global Inc. has secured an $85 million term loan and a $135 million revolving credit facility to repay existing debts and enhance working capital capacity [1][2]. Group 1: Credit Facility Details - The total amount of the Credit Facility is $220 million, maturing on May 20, 2030, with an accordion feature allowing an increase of up to $50 million [2]. - The Credit Facility is provided by a syndicate led by UMB Bank, N.A., and is classified as senior secured debt [2]. Group 2: Management Insights - Rustin Roach, Chairman and CEO of DBMG, expressed excitement about the relationship with banking partners and highlighted the liquidity support for working capital requirements [3]. - Paul Voigt, interim CEO of INNOVATE, noted that the Credit Facility will provide long-term flexibility and support continued growth, especially after DBMG added over $500 million in new awards to their adjusted backlog last quarter [4]. Group 3: Company Overview - INNOVATE Corp. operates in three key areas: Infrastructure, Life Sciences, and Spectrum, employing approximately 3,100 people across its subsidiaries [4]. - DBM Global Inc. focuses on delivering sustainable value through a collaborative portfolio, offering integrated steel construction services and professional services across various market segments, including commercial, healthcare, and public works [5].
VINCI Autoroutes and VINCI Airports traffic in April 2025
Globenewswire· 2025-05-20 15:45
Group 1: VINCI Autoroutes Traffic - In April 2025, traffic across all vehicle categories on VINCI Autoroutes increased by 3.9% compared to April 2024, with light vehicles rising by 4.8% and heavy vehicles decreasing by 1.1% [2] - Year-to-date traffic at the end of April 2025 showed an overall increase of 2.6%, with light vehicles up by 2.9% and heavy vehicles up by 0.9% [3] Group 2: VINCI Airports Passenger Traffic - VINCI Airports experienced a significant increase in passenger traffic in April 2025, with an overall rise of 9.4% compared to April 2024, and a year-to-date increase of 7.1% [4] - Notable increases in passenger traffic were observed in several countries, including Hungary (+20%), Mexico (+19%), and Japan (+15%) [4] Group 3: VINCI Airports Commercial Movements - Commercial movements at VINCI Airports rose by 8.1% in April 2025 compared to April 2024, with a year-to-date increase of 6.8% [6] - The United States saw a remarkable increase in commercial movements, up by 36% in April 2025 [6]
JFB Construction Holdings Reports Over 93% Revenue Increase Year-Over-Year for the First Quarter 2025
GlobeNewswire News Room· 2025-05-20 12:00
Core Insights - JFB Construction Holdings reported a significant revenue increase of over 93% in Q1 2025, reaching $5.91 million compared to $3.05 million in Q1 2024, driven by new contracts and project commencements [4][11] - The company's gross profit also saw a substantial rise of over 66%, amounting to $1.46 million, up from $587,199 in the same quarter last year [5][11] - The CEO highlighted a notable increase in client demand, leading to a higher volume of business opportunities being converted into signed agreements [4] Financial Performance - Total revenues for Q1 2025 were $5.91 million, reflecting a 93% increase from $3.05 million in Q1 2024 [11] - Gross profit for the quarter was over $1.46 million, which is a 66% increase compared to $587,199 in Q1 2024 [11] - The company successfully completed its IPO and secured multiple significant contracts, including a $21 million construction contract for a 79-unit townhome community, marking the largest contract in its history [4][11] Strategic Initiatives - The company plans to leverage its regional success to expand into other U.S. markets by identifying opportunities and joint venture partners [7] - Increased expenses during the quarter were attributed to advertising campaigns, expanded sales initiatives, and staff expansion, aimed at enhancing brand visibility and customer acquisition [6]
Publication of the Pitch Book “Why invest in VINCI, a global leader in infrastructure”
Globenewswire· 2025-05-19 15:45
Core Insights - VINCI is a global leader in infrastructure, focusing on concessions, energy solutions, and construction, with a workforce of 285,000 across over 120 countries [1] - The company emphasizes a commitment to environmental and social responsibility, aiming to create long-term value for all stakeholders [1] Group 1: Business Model Strengths - VINCI is positioned as a key player to capture global megatrends [3] - The company demonstrates strong and resilient free cash flow [3] - VINCI maintains a solid balance sheet [3] Group 2: Capital Allocation and Performance - The company has a consistent and value-accretive capital allocation strategy [3] - VINCI has a longstanding M&A track record with high-quality returns over time [3] - There is an alignment of interests among employees and shareholders [3] Group 3: Stock Performance - VINCI's stock has outperformed over time [3] - The company aims for all-round performance beyond just economic and financial results [3]