PHOENIX, May 23, 2025 (GLOBE NEWSWIRE) -- DBM Global Inc. (“DBMG”), a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE Corp. (NYSE: VATE), announced today that it will pay a cash dividend of approximately $5.5 million, or $1.42 per share, on June 16, 2025 to DBMG’s stockholders of record at the close of business on June 2, 2025. About DBM Global Inc. DBMG is focused on delivering world class, sustainable value to its clients through a highly ...

Core Points - INNOVATE Corp. announced that its subsidiary DBM Global Inc. will pay a cash dividend of approximately $5.5 million, or $1.42 per share, to stockholders on June 16, 2025 [1] - As the largest stockholder of DBMG, INNOVATE expects to receive around $5 million from the total dividend payout [1] - Individual stockholders of INNOVATE are not eligible to receive the cash dividend [1] Company Overview - INNOVATE Corp. operates in three key areas of the new economy: Infrastructure, Life Sciences, and Spectrum, employing approximately 3,100 people across its subsidiaries [2] - DBM Global Inc. focuses on delivering sustainable value through integrated steel construction services and professional services, with operations in multiple countries including the United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom [3]

Core Viewpoint - The construction of the Xiongshan High-Speed Railway, particularly the Yellow River Grand Bridge, is a critical component of China's high-speed rail network, showcasing innovative construction techniques and addressing complex geological challenges [1][4]. Group 1: Project Overview - The Xiongshan High-Speed Railway spans approximately 552 kilometers, connecting Xiong'an Station to Shangqiu Station, with a design speed of 350 km/h [1]. - The Yellow River Grand Bridge is the only control project along the Xiongshan High-Speed Railway, measuring 40.82 kilometers in total length, with the main bridge being 1,600 meters long and utilizing 43,000 tons of steel [4]. Group 2: Construction Techniques - The project employs a "mobile formwork" system, referred to as the "aerial beam factory," which has reduced the construction cycle for each beam from 21 days to 15 days through innovative methods [4][5]. - Advanced technologies such as three-dimensional modeling and intelligent monitoring systems have been integrated to ensure high precision in construction, with errors controlled within millimeters [4][5]. Group 3: Geological Challenges - The construction faced significant challenges due to the complex hydrological conditions of the Yellow River, including high water levels and strong erosion [5]. - Specialized techniques, such as environmentally friendly mud circulation methods, were implemented to address these challenges during the construction of underwater piers [5][6]. Group 4: Project Management and Future Steps - The project team has emphasized continuous project management and personnel support to ensure the successful completion of the construction tasks [6]. - The experience gained from overcoming construction difficulties is expected to enhance the skills and capabilities of the team for future projects [6].

Titan Machinery Inc. (TITN) incurred a loss of 58 cents in first-quarter fiscal 2026 (ended April 30, 2025), which was narrower than the Zacks Consensus Estimate of a loss of 79 cents. The company posted earnings of 41 cents per share in the year-ago quarter.Titan Machinery’s Q1 Revenues Decline Y/YTotal revenues were $594 million, down 5.5% from the year-ago quarter. The top line, however, surpassed the consensus mark of $463 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ...

Granite Construction Incorporated (GVA) secured an approximately $26-million contract from San Francisco International Airport (“SFO”). The project involves upgrades to Taxiway Z and a section of Taxiway S. Funding for the project will be provided by SFO and included in the company’s second-quarter CAP.The work is expected to improve the condition of key taxiways used for aircraft movement between terminals, maintenance and cargo areas. The project aims to support ongoing airport operations by enhancing tax ...

SINGAPORE, May 23, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways”, the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced the receipt of notification (the “Filing Deficiency Notification”) from New York Stock Exchange Regulation (“NYSE Regulation”) on May 16, 2025, indicating that, as a result of not having timely filed its Annual Report on Form 2 ...

Core Viewpoint - Tutor Perini Corp. has exceeded earnings expectations for Q1 2025 and raised its full-year earnings guidance, driven by a record-high construction backlog and strong project execution [1][10]. Financial Performance - In Q1 2025, Tutor Perini reported earnings of $0.53, surpassing the Zacks Consensus Estimate by 783%, which was only $0.06 [3]. - Revenue increased by 19% to $1.25 billion from $1.05 billion in the same period last year, primarily due to higher-margin projects [4]. - The company repaid $121.9 million of its Term Loan B, resulting in a 24% reduction in total debt compared to the end of 2024 [5]. Backlog and New Contracts - Tutor Perini's backlog reached a record $19.4 billion as of March 31, 2025, up 94% from the end of Q1 2024, following $2 billion in new awards and contract adjustments [6][7]. - Significant new contracts include the $1.18 billion Manhattan Tunnel project and additional funding for various projects in Texas, Guam, and California [7]. Future Outlook - The company raised its full-year earnings guidance to a range of $1.60 to $1.95, up from $1.50 to $1.90 [10]. - Earnings for 2026 and 2027 are expected to more than double compared to 2025, with the Zacks Consensus for 2026 rising to $2.87, indicating further growth of 56% [11]. Market Performance - Tutor Perini's shares have reached new 5-year highs, outperforming the Russell 2000 small cap index year-to-date [12]. - The company is attractively priced with a forward P/E ratio of 19.3, a P/S ratio of 0.4, and a P/B ratio of 1.6, indicating potential value [14].

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk. ...

Core Viewpoint - Dycom Industries Inc. reported better-than-expected results for Q1 fiscal 2026, with contract revenues and adjusted earnings surpassing estimates, leading to a 15.8% increase in stock price following the announcement [1][3]. Financial Performance - Adjusted EPS for Q1 was $2.09, exceeding the Zacks Consensus Estimate of $1.60 by 30.6%, though down from $2.12 in the same quarter last year [3]. - Contract revenues reached $1.259 billion, surpassing the consensus mark of $1.199 billion by 5% and reflecting a year-over-year growth of 10.2% [4]. - Adjusted EBITDA increased by 14.9% to $150.4 million, with an adjusted EBITDA margin of 11.9%, up 40 basis points from the previous year [5]. Customer Contributions - AT&T, Dycom's largest customer, contributed 25.8% to total revenues, showing a year-over-year growth of 50.9% [4]. - Lumen, the second-largest customer, contributed 9.9% to total revenues, which declined by 20.2% from the previous year [4]. - Other customers combined contributed 64.2% to total revenues [4]. Backlog and Liquidity - The backlog as of Q1 totaled $8.127 billion, up from $7.760 billion at the end of fiscal 2025 and $6.364 billion in Q1 of fiscal 2025, with $4.685 billion projected to be completed in the next 12 months [5]. - As of April 26, 2025, Dycom had liquidity of $529.6 million, including cash and cash equivalents of $16.1 million, compared to $92.7 million at the end of fiscal 2025 [6]. Future Guidance - For Q2 fiscal 2026, Dycom expects contract revenues between $1.38 billion and $1.43 billion, compared to $1.203 billion in the same quarter last year [7]. - Adjusted EBITDA for Q2 is projected to be between $185 million and $200 million, indicating growth from $158.3 million reported last year [7]. - EPS is anticipated to be in the range of $2.74-$3.05, up from $2.46 in the year-ago quarter [8]. Revenue Outlook - Dycom raised its fiscal 2026 revenue outlook to between $5.29 billion and $5.425 billion, reflecting a year-over-year growth of 12.5-15.4%, up from the previous expectation of 10.0-13.0% [9].