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WSP delivers on sustainability in 2024 and renews its ambitions
Globenewswire· 2025-04-30 21:00
MONTREAL, April 30, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world's leading professional services firms, releases its 2024 Global Sustainability Report (the “Report”) with renewed ambitions— successfully completing its 2022-2024 reporting cycle. Over the past three years, WSP has shown its dedication to making real progress toward its sustainability goals. The Report spotlights the many ways WSP has driven positive change for its stakeholders as part of ...
NN Announces 2025 Investor Day
Globenewswire· 2025-04-30 19:00
Core Viewpoint - NN plans to host a virtual investor day in August 2025 to discuss updates and important topics related to shareholder value creation [1][2] Group 1: Company Overview - NN is a global diversified industrial company that engineers and manufactures high-precision components and assemblies for various markets [3] - The company is headquartered in Charlotte, North Carolina, with facilities across North America, Asia, Europe, and South America [3] Group 2: Investor Day Details - The investor day will include discussions on NN's five-year targets for sales growth, increased profitability, and shareholder value [5] - Management will provide updates on the company's capital allocation strategy, M&A acquisition strategy, and capital markets strategy [5] - Key market trends and NN's participation in specific markets such as the US electrical grid, US industrial, global passenger vehicle, global commercial vehicle, and global medical markets will be discussed [5] Group 3: Business Initiatives - NN's $700+ million new business program and pipeline specifics will be highlighted during the investor day [5] - The company will discuss its cost-out program and major ongoing and upcoming projects [5] - An overview of NN's free cash flow generation program and associated projects will also be presented [5]
ASSYSTEM : First-quarter 2025 consolidated revenue
Globenewswire· 2025-04-30 15:35
First-quarter 2025 consolidated revenue: €166.3m (up 7.8%) Organic growth: 3.5% vs Q1 20242024 dividend payment calendar Paris La Défense, 30 April 2025, 5.35 p.m. (CEST) – The Board of Directors of Assystem S.A. (ISIN: FR0000074148 - ASY), an international engineering group, is today announcing its consolidated revenue for the three months ended 31 March 2025 (first-quarter 2025). First-quarter 2025 consolidated revenue and year-on-year changes vs 2024 (unaudited) In millions of eurosQ1 2024Q1 2025% change ...
Parsons(PSN) - 2025 Q1 - Earnings Call Transcript
2025-04-30 12:00
Financial Data and Key Metrics Changes - The company achieved record first quarter results for total revenue of $1.6 billion, a 1% increase year-over-year, but a 2% decline on an organic basis [14][25] - Adjusted EBITDA reached $149 million, a 5% increase from the prior quarter, with an adjusted EBITDA margin of 9.6%, marking a first quarter record [27][15] - The company reported a book-to-bill ratio of 1.1 times, driven by strong win rates of 68% and large contract wins [17][33] Business Line Data and Key Metrics Changes - In the Federal Solutions segment, total revenue decreased by 7% year-over-year, but excluding the confidential contract, revenue increased by 86% on an organic basis [27][28] - The Critical Infrastructure segment saw a revenue increase of $86 million or 14% year-over-year, driven by organic growth of 8% and contributions from recent acquisitions [28][29] - Adjusted EBITDA for the Critical Infrastructure segment increased by 51% year-over-year, with a record adjusted EBITDA margin of 10.3% [29] Market Data and Key Metrics Changes - The company reported a record total backlog of $9.1 billion, with 69% funded, and a pipeline of $55 billion, including over 100 opportunities worth more than $100 million each [23][34] - The Middle East infrastructure business continues to excel, with significant growth driven by major projects aligned with Saudi Vision 2030 and other regional initiatives [11][12] Company Strategy and Development Direction - The company is focused on capitalizing on unprecedented spending in North America and Middle East infrastructure markets, with a strong emphasis on hard infrastructure projects [8][9] - The strategic direction includes being an advanced solutions integrator that differentiates with software, aligning with national security priorities and leveraging technology leadership in emerging markets [13][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong financial results, citing long-term tailwinds in both the Critical Infrastructure and Federal Solutions segments [22][23] - The company anticipates continued growth in the federal budget, particularly in defense spending, with expectations for a $1 trillion defense budget in fiscal year 2026 [12][61] Other Important Information - The company completed the acquisition of TRS Group for $37 million, enhancing its environmental remediation capabilities [21] - The company was named one of the world's most ethical companies for the sixteenth consecutive year, reflecting its commitment to ethics and integrity [21] Q&A Session Summary Question: Inquiry about Critical Infrastructure segment margins - Management confirmed that the strong margins in the Critical Infrastructure segment were due to underlying business performance without any favorable adjustments [41][43] Question: Expectations for the balance of the year regarding Critical Infrastructure - Management indicated that they expect the Critical Infrastructure margin to be around 9.1% for the full year, with strong performance anticipated in the upcoming quarters [45] Question: Clarification on the Middle East growth and contract ramp-up - Management noted that larger contracts in the Middle East experienced slower ramp-up due to holidays but expect double-digit growth for the full year [48][50] Question: Resilience of the federal solutions award environment - Management expressed optimism about the federal solutions segment, expecting a book-to-bill ratio over 1.0 for the full year [55] Question: Update on the confidential contract and its impact - Management confirmed that the confidential contract is currently at an 80% run rate and anticipates a surge in activity following a review period [66][95] Question: Hiring dynamics in light of Doge and federal workforce availability - Management reported strong employee retention and a positive hiring environment, with an emphasis on hiring cleared federal personnel [106] Question: Expectations for M&A activity - Management expects to complete two to three acquisitions this year, with a robust pipeline in both federal and critical infrastructure sectors [75]
INNEOVA Holdings Limited Strengthens Engineering Capabilities and Accelerates Growth in Sustainable Solutions with the Acquisition of INNEOVA Engineering Pte. Ltd.
Globenewswire· 2025-04-30 12:00
SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (Nasdaq: INEO, "INNEOVA Holdings" or the "Company" or the "Group"), a leading Singapore-based provider of high-quality Original Equipment Manufacturer ("OEM"), third-party branded and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, today announced that it has completed the acquisition of INNEOVA Engineering Pte. Ltd. ("INNEOVA Engineering"), a Singapore-based engineering solutions provider. This ...
Stantec to design largest PFAS treatment system in Northwestern US
Globenewswire· 2025-04-30 10:45
EDMONTON, Alberta and NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by the City of Vancouver, Washington, to design a treatment system to remove per- and polyfluoroalkyl substances (PFAS) from a high-volume water station—with the goal of providing cleaner, more reliable drinking water for the community. Stantec will also provide engineering services during construction for the treatment facility at Vancouver’s Wat ...
Parsons(PSN) - 2025 Q1 - Earnings Call Presentation
2025-04-30 10:38
FIRST QUARTER 2025 Earnings Conference Call Presentation April 30, 2025 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs, and assumptions, and are not guarantees of future performance. Forward-looking statem ...
Subsea 7 S.A. Announces First Quarter 2025 Results
Globenewswire· 2025-04-30 06:00
Luxembourg – 30 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2025. Highlights First quarter Adjusted EBITDA of $236 million, up 46% on the prior year, equating to a margin of 15%Strong operational and financial performance from both Subsea and Conventional and Renewables, with Adjusted EBITDA margins of 18% and 10% respectivelyGuidance for full year 2025 reaf ...
Technip Energies First Quarter 2025 Financial Results
Globenewswire· 2025-04-30 05:30
Core Insights - Technip Energies reported a strong start to 2025 with a 22% year-over-year growth in revenues and a 19% increase in EBITDA, reflecting the quality of order intake and execution focus [3][5][21] - The company confirmed its 2025 guidance with updated revenue ranges for its segments, indicating robust commercial momentum across key markets [5][9] - Technip Energies has a strong backlog of €18.2 billion, providing extensive revenue coverage and enabling cash returns to shareholders [3][17][49] Financial Performance - Q1 2025 adjusted revenue reached €1.85 billion, up from €1.52 billion in Q1 2024, while recurring EBITDA increased to €162 million from €137 million [4][21] - The adjusted recurring EBITDA margin slightly decreased to 8.7% from 9.0% year-over-year, reflecting a re-balancing in the project portfolio [6][21] - Net profit for Q1 2025 was €100.9 million, compared to €90.1 million in Q1 2024, with diluted earnings per share rising to €0.56 from €0.50 [6][8] Segment Performance - Project Delivery segment revenue grew by 34% year-over-year to €1.40 billion, driven by high activity in LNG projects [22][23] - Technology, Products & Services segment revenue decreased by 5% to €450.4 million, but recurring EBITDA increased by 8% to €65.3 million, benefiting from technology licensing [32][33] - The company has a commercial pipeline of over €70 billion in opportunities, well-diversified by geography and market [3][5] Strategic Initiatives - Technip Energies is actively engaged in strategic initiatives, including a digital acceleration plan expected to generate €100 million in annualized cost savings beyond 2028 [3] - The company was awarded a major contract for the world's largest low-carbon ammonia production facility in the U.S., showcasing its capabilities in modularization and large-scale facility delivery [3][30] - A new office and Research & Innovation Center were opened in India to enhance Technip Energies' presence and deliver innovative energy solutions [43] Operational Highlights - Key operational milestones include progress on various LNG projects in Qatar, Oman, and the UAE, as well as the commencement of pre-commissioning activities in Egypt [25][26][28] - The company secured a Front-End Engineering Design contract for a new Combined Cycle Gas Turbine power station with Carbon Capture in the UK, highlighting its commitment to decarbonization [30][31]
拿出国资国企改革的“上海解法”
Jie Fang Ri Bao· 2025-04-30 03:49
解放日报记者 俱鹤飞 张杨 提升核心竞争力 培育发展新动能 2024年,上海地方国有企业实现营收3.5万亿元、逐季回稳向好,归母净利润1866.2亿元、同比增长 10.2%,资产总额首次突破30万亿元 2024年底,上海94家国有控股上市公司总市值2.78万亿元、同比增长28.5% 191天——国泰君安、海通证券完成合并重组,以"上海速度"为资本市场创新发展注入强劲动力; 5000万标准箱——上海港年集装箱吞吐量创世界纪录,上海国际航运中心建设跃上新台阶;1000亿元 ——上海国资组建千亿元三大先导产业母基金和未来产业基金,加快战略性新兴产业和未来产业发 展……一个个数字背后,是上海深化国资国企改革,提升核心竞争力的缩影。 2023年,习近平总书记在考察上海时强调,上海要坚持"两个毫不动摇",深化国资国企改革。近年 来,上海国资国企深入贯彻落实习近平总书记考察上海重要讲话精神,全面推进国有企业改革深化提升 行动,在实践中破题,在探索中求解,形成了一套深化国资国企改革的"上海解法"。 "盘活存量"与"做优增量" 近年来,市国资委持续加强上海国有控股上市公司市值管理工作,通过强化政策引领、实施重点领 域资本运作项 ...