Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenues of $122 million, a slight increase from $120 million in the same period last year [15] - The gross margin for the quarter was $5 million, compared to a negative $1 million in the prior year [16] - Adjusted EBITDA was negative $3 million, an improvement from negative $24 million year-over-year [18] - The net loss for Q1 2025 was $10 million, significantly reduced from a net loss of $33 million in the prior year [18] - Total liquidity at the end of Q1 was $71 million, consisting of $16 million in cash and $55 million available under credit agreements [19] Business Line Data and Key Metrics Changes - Revenue from Chimich projects was $93 million, up from $90 million a year ago, driven by new water and infrastructure projects [16] - Legacy and foundations projects generated $29 million in revenue, a decrease of $1 million compared to the previous year [17] - Gross margin from legacy projects improved to negative $1 million from negative $15 million year-over-year, indicating reduced costs associated with these projects [17] Market Data and Key Metrics Changes - The backlog at the end of Q1 was approximately $740 million, with 90% attributed to Chimich projects, reflecting a shift towards newer projects [6][19] - There has been a slowdown in bidding for larger public projects due to uncertainty around funding streams and tariffs, but bidding activity is expected to increase in Q2 and Q3 [6][10] Company Strategy and Development Direction - The company aims to grow its backlog, restore profitability, and expand addressable markets, focusing on sustainable infrastructure [12][22] - Strategic pillars include building a sustainable risk-balanced backlog, driving operational excellence, and investing in people and culture [12][20] - The company is targeting a 30% share of electrical work in its backlog by 2027, up from approximately 15% currently [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2025, citing a strong backlog and an exciting pipeline of opportunities despite macro-level uncertainties [22] - The company is closely monitoring tariff policies and expects to deliver results within previously stated guidance ranges [20] - Management noted that existing projects are largely insulated from tariff impacts due to fixed-price contracts [10] Other Important Information - The company has seen increased bidding activity, nearly tripling its bid volume since the last quarter, and expects this trend to continue [7][9] - Investments in reorganizing sales and estimating departments are starting to yield results, with a robust proposal pipeline of approximately $2 billion [9] Q&A Session Summary Question: Visibility into guidance for Shimik projects - Management indicated performance improvement in Q1 but acknowledged challenges remain, expressing confidence in guidance for both Chimich and legacy projects [30][31] Question: New awards and extensions - Management confirmed ongoing projects and a busy bidding activity expected in Q2, with several contracts in negotiation [39][40] Question: Capacity and liquidity - Management stated that current liquidity is sufficient to support operations, with the capacity to handle $600-$750 million in revenue without significant overhead increases [41][42] Question: Accelerating legacy projects - Management is working on opportunities to accelerate legacy projects but noted that scope growth may delay completion [46][47]

Earnings Presentation First Quarter 2025 May 2025 Delivering Sustainable Infrastructure Solutions Disclaimer This presentation is being delivered on behalf of Shimmick Corporation (the "Company"). The sole purpose of this presentation is to provide information in connection with a review of the Company's operations and/or financial status. This presentation does not purport to be all-inclusive or to contain all of the information that prospective investors may desire in reviewing the Company. Other than sta ...

Financial Data and Key Metrics Changes - The company's revenue for Q1 2025 increased by 41.7% compared to Q1 2024, primarily due to the inclusion of revenues from Timber Technologies and Alliance Drilling Tools acquisitions [5] - Gross margin improved to 24.3% from 17.3% in the same quarter last year, attributed to higher revenues and the addition of Timber Technologies [5] - Gross profit was $3,100,000, up 99.2% versus Q1 2024, driven by increased revenue at KBS and the addition of TT and ADT [8] - The net loss from continuing operations was $1,200,000 in Q1 2025, an improvement from a net loss of $2,200,000 in Q1 2024 [10] - Non-GAAP adjusted EBITDA from continuing operations was a loss of $800,000, compared to a loss of $1,100,000 in the same period last year [11] Business Line Data and Key Metrics Changes - Building Solutions segment revenues increased by 32.9% compared to Q1 2024, although still below internal expectations due to delays in commercial projects [5] - The Building Solutions division backlog reached a record $27,900,000 at quarter end, compared to $14,800,000 at the end of Q1 2024, indicating strong future demand [6] - The establishment of the Energy Services division was highlighted by the acquisition of Alliance Drilling Tools, with a focus on organic growth and potential additional acquisitions [6] Market Data and Key Metrics Changes - The company noted a significant uptick in customer interest and activity over the past couple of quarters, indicating a positive market environment [6] - There were no signs of projects being put on hold due to tariff impacts, with a strong backlog supporting confidence in future quarters [19] Company Strategy and Development Direction - The management team is focused on creating shareholder value through targeted business development initiatives and identifying additional accretive opportunities across all divisions [13] - The company is monitoring input costs like lumber and OSB, but does not see significant exposure to new home construction, which has slowed down [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the backlog and the momentum in the Building Solutions division, with no signs of a temporary situation regarding project delays [19] - The company is optimistic about the integration of Alliance Drilling Tools and the growth opportunities within the Energy Services division [6] Other Important Information - Consolidated cash flow from operations for Q1 2025 was an inflow of $600,000, a significant improvement from an outflow of $2,400,000 in Q1 2024 [11] - The unrestricted cash balance at the end of the quarter was $1,900,000, down from $4,000,000 at the end of 2024, primarily due to cash used for the acquisition of ADT [11] Q&A Session Summary Question: Dynamics between Edge Builder and Building Solutions regarding project delays - Management clarified that delays were specific to a large project at EdgeBuilder, which paused for two months but is back on track for revenue recognition in Q2 [16] Question: Early signs of projects being put on hold due to pricing - Management indicated that there are no signs of projects being put on hold, with a strong backlog supporting ongoing construction demand [18] Question: Gross profit margin changes in Alliance Drilling - Management explained that the gross profit margin fluctuation is a function of intra-quarter activity and that Alliance Drilling maintains high gross margins [25][27] Question: Equipment rental revenue terms in Alliance - Management described the rental terms as project-based, with high rental rates due to the nature of the equipment used in drilling operations [30]

Company Overview - JFB Construction Holdings is a construction company focused on commercial, retail, and residential property development [1] - The company has extensive experience in building multifamily communities, shopping centers, national franchises, and over 2 million square feet of commercial and retail space [4] Recent Developments - JFB has signed a contract to convert and remodel an existing Holiday Inn to a Courtyard by Marriott in Melbourne, Florida, valued at $6.7 million [2] - Construction is expected to commence in the third quarter of 2025 [1][2] Strategic Positioning - This project marks JFB's second collaboration with Marriott Hotels, reinforcing its position in the hospitality development sector [3] - The CEO expressed confidence that successful project completion will foster a long-term relationship with Marriott and lead to additional opportunities [3] Reputation and Client Trust - JFB's reputation is built on client trust and the value it brings to projects, with most projects obtained through referrals and repeat customers [5] - The company has provided general contracting and construction management services across 36 U.S. states [5]

Construction Partners Spring 2025 Investor Presentation Forward-Looking Statements Certain statements contained herein that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1939 and 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "seek" "continue," "estimate," "predict," "potential," "targeting," "may," "may," "will," "expect," "should," "anticipate," ...

NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- 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=147744&from=3 CL ...

NEW YORK, May 12, 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=147720&from=4CLASS PERI ...

Core Viewpoint - The decline in the Estonian construction market appears to have halted, with signs of stabilization, particularly in the Infrastructure segment supported by Rail Baltica projects, while private sector orders in the Buildings segment show some revival [1][2]. Financial Performance - The group's revenue for Q1 2025 was €39,355 thousand, a decrease of approximately 15% compared to €46,245 thousand in Q1 2024 [23][17]. - The gross profit for Q1 2025 was €1,802 thousand, maintaining a gross margin of 4.6%, consistent with the same period last year [9][3]. - The operating profit for Q1 2025 was €191 thousand, down from €386 thousand in Q1 2024, reflecting a decline in revenue [10][3]. Segment Performance - The Buildings segment generated 93% of the group's revenue, amounting to €36,584 thousand, while the Infrastructure segment contributed €2,766 thousand [24][23]. - Revenue from the Buildings segment decreased by 16%, while the Infrastructure segment saw a smaller decline of 1.5% [23][24]. - The gross margin for the Buildings segment was 7.5%, while the Infrastructure segment recorded a negative gross margin of (24.6)% [9][3]. Order Book and Contracts - The order book increased by 43% year-on-year, reaching €283,548 thousand as of March 31, 2025, with significant contributions from Rail Baltica contracts [4][31]. - New contracts signed in Q1 2025 totaled €111,276 thousand, a substantial increase from €17,617 thousand in Q1 2024 [31][32]. Cash Flow and Financial Position - The group experienced a net cash outflow of €249 thousand from operating activities in Q1 2025, compared to an inflow of €5,422 thousand in Q1 2024 [13][8]. - Cash and cash equivalents at the end of Q1 2025 were €7,399 thousand, down from €16,083 thousand at the end of Q1 2024 [16][8]. Employee and Cost Management - The average number of employees in Q1 2025 was 411, a decrease of around 3% from the previous year [35][36]. - Staff costs increased by 22% to €4,795 thousand in Q1 2025, attributed to salary increases [36][35]. Market Performance - Approximately 98% of the group's revenue in Q1 2025 was generated in Estonia, with Ukraine contributing about 2% [20][21]. - The group continues to provide services in Ukraine under contracts signed in 2023, although progress has been slower than planned [20].

Core Insights - The current earnings estimates for Q2 2025 for the S&P 500 index indicate a growth of +6.4% year-over-year, driven by a +3.9% increase in revenues [3][5] - The earnings season is more focused on assessing the impact of macroeconomic uncertainties rather than just the Q1 earnings results [5][20] - There has been a notable decline in earnings estimates across various sectors, particularly in Transportation, Autos, Energy, Construction, and Basic Materials [6] Earnings Performance - Total Q1 earnings for 419 S&P 500 members that have reported are up +12.2% from the same period last year, with 73.7% beating EPS estimates and 61.8% beating revenue estimates [5] - The Tech sector's earnings are expected to grow by +12.8% in Q2 with +9.9% higher revenues, although these expectations have decreased since early April [7][11] Sector-Specific Trends - The Tech sector has recently seen a reversal in earnings estimate trends, with notable improvements in estimates for major companies like Microsoft, Alphabet, and Meta [11][12] - Despite the overall downward trend in estimates, the recent adjustments in the Tech sector suggest a potential recovery in earnings expectations [11][12] Future Outlook - There is an expectation for further downward adjustments in earnings estimates as the impact of tariffs becomes more evident in economic data [20] - The modestly negative GDP read for Q1 reflects anticipatory effects of the trade regime, indicating that companies are preparing for the new levies [20]

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Enviro-Serv, Inc. (OTC: EVSV), a diversified North American holding company specializing in real estate development, rental management, and sustainable investments, is pleased to announce it has entered into a Joint Venture Agreement with Group CMR, a premier Quebec-based construction and project management firm. This strategic partnership signals Enviro-Serv’s expansion into Canada’s booming construction and infrastructure market. Under the terms of the joint ventu ...