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].

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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].

Financial Data and Key Metrics Changes - Total revenue for the first quarter was $594.3 million, down from $628.7 million in the prior year, reflecting a 5.5% decrease in same-store sales [18] - Gross profit decreased to $90.9 million from $121.8 million, with a gross profit margin of 15.3% [18] - Net loss for the quarter was $13.2 million, or $0.58 per diluted share, compared to a net income of $9.4 million, or $0.41 per diluted share in the previous year [20] Business Line Data and Key Metrics Changes - Agriculture segment revenue decreased by 14.1% to $384.4 million, with a pretax loss of $12.8 million compared to pretax income of $13 million in the prior year [20] - Construction segment saw a slight increase in same-store sales by 0.9% to $72.1 million, but reported a pretax loss of $4.2 million compared to a pretax income of $0.3 million last year [21] - European segment revenue increased by 44.2% to $93.9 million, with a pretax income of $4.7 million compared to $1.4 million in the prior year [21] - Australia segment same-store sales decreased by 1% to $44 million, with a pretax loss of $0.6 million compared to a loss of $0.5 million last year [22] Market Data and Key Metrics Changes - Domestic agriculture market remains subdued, with farmers in a wait-and-see mode influenced by commodity prices and government aid [11][12] - European market, particularly Romania, benefited from EU stimulus funds, leading to increased buying activity [14] - Australian market conditions are similar to the domestic agriculture segment, with lower new order activity due to dry conditions and low commodity prices [15][16] Company Strategy and Development Direction - The company is focused on optimizing inventory and managing through the current market cycle, with a target of reducing equipment inventory by $100 million [24][25] - The customer care initiative is emphasized, with parts and service expected to contribute significantly to revenue and gross profit [10] - The company anticipates a challenging back half of the year but remains committed to disciplined execution and improving inventory health [16][29] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing headwinds in the agricultural sector, with weak farmer profitability and uncertain government support impacting demand [9][10] - The construction segment shows more stability compared to agriculture, with contractors starting to fill their project backlogs [38][40] - Management expressed cautious optimism regarding the agricultural sector, citing recent government payments and favorable weather conditions as potential stabilizers [34][35] Other Important Information - The company closed on an acquisition of two stores to expand its presence in Eastern South Dakota [13] - The adjusted debt to tangible net worth ratio was 1.8, well below the bank covenant of 3.5 times [23] Q&A Session Summary Question: Is there any positive outlook on the agricultural sector? - Management indicated that some government payments have started to come through, providing stability, but overall conditions remain challenging [34] Question: How is the construction sector performing amid macro uncertainties? - Management noted that while the construction environment is cautious, there is more positivity compared to agriculture, with contractors seeing improved backlogs [38][40] Question: What programs is the USDA looking to implement for additional support? - Management explained that USDA programs are focused on natural disaster relief and specific allocations to support the agricultural industry [46][48] Question: Are inventories expected to remain flattish in Europe? - Management confirmed that inventory levels in Europe are expected to remain stable, with a focus on reducing aged inventory in North America [58][60] Question: What is the outlook for same-store sales in agriculture for Q2? - Management expects same-store sales in agriculture to be down approximately 30% year-over-year for Q2, with a challenging back half of the year anticipated [75][76]

Financial Data and Key Metrics Changes - Total revenue for Q1 fiscal 2026 was $594.3 million, a decrease of 5.5% from $628.7 million in the prior year period [17] - Gross profit decreased to $90.9 million from $121.8 million, with a gross profit margin of 15.3% [17] - Net loss for Q1 was $13.2 million, or $0.58 per diluted share, compared to net income of $9.4 million, or $0.41 per diluted share in the previous year [19] Business Line Data and Key Metrics Changes - Agriculture segment revenue decreased by 14.1% to $384.4 million, with a pretax loss of $12.8 million compared to pretax income of $13 million in the prior year [19] - Construction segment saw a slight increase in same store sales by 0.9% to $72.1 million, but reported a pretax loss of $4.2 million compared to pretax income of $0.3 million last year [20] - European segment revenue increased by 44.2% to $93.9 million, with a pretax income of $4.7 million compared to $1.4 million in the prior year [20] - Australia segment revenue decreased by 1% to $44 million, with a pretax loss of $0.6 million compared to a loss of $0.5 million last year [21] Market Data and Key Metrics Changes - Domestic agriculture market remains subdued, with farmers in a wait-and-see mode due to commodity prices and government aid uncertainty [10][11] - European market, particularly Romania, benefited from EU stimulus funds, leading to increased buying activity [13] - Australian market conditions are similar to the domestic agriculture segment, with lower new order activity due to dry conditions and low commodity prices [15] Company Strategy and Development Direction - The company is focused on optimizing inventory and managing through the current market cycle, with a target of reducing equipment inventory by $100 million [22][23] - The strategy includes leveraging parts and service revenue, which is expected to contribute significantly to gross profit despite equipment sales pressures [9][27] - The company aims to emerge from the current down market as a stronger entity, emphasizing customer service and operational efficiency [16] Management's Comments on Operating Environment and Future Outlook - Management anticipates a subdued retail environment due to weak farmer profitability and undefined government support programs [6][7] - The company expects continued challenges in the agriculture segment, with revenue projected to decline by 20% to 25% for the full year [24] - For the construction segment, revenue is expected to decline by 5% to 10%, while the European segment is projected to grow by 23% to 28% [25][26] Other Important Information - The company has successfully reduced equipment inventory by approximately $13 million sequentially, with a cumulative reduction of $406 million from peak levels [22] - The adjusted debt to tangible net worth ratio was 1.8, well below the bank covenant of 3.5 times [22] Q&A Session Summary Question: Is there any positive outlook on the agricultural sector? - Management noted that some government payments have started to come through, providing stability, but the overall outlook remains challenging [32] Question: How is the construction sector performing? - Management indicated that while the construction sector is cautious, there is more optimism compared to agriculture, with contractors starting to fill their project backlogs [36][38] Question: What is the status of government support programs? - The USDA is looking to provide additional funding for natural disaster relief, which could help stabilize the agricultural sector [42][44] Question: Are there specific areas where inventory needs to be reduced? - Management highlighted that the focus is on reducing used inventory levels, particularly in the agriculture segment, while maintaining a healthy inventory mix [56][57] Question: What are the expectations for same store sales in agriculture? - Management expects same store sales in agriculture to be down about 30% year over year for Q2, with a challenging back half of the year anticipated [72]

First Quarter FY2026 Earnings Conference Call May 22, 2025 Safe Harbor Statement Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar expressions may constitute forward-looking statements. Except for historical inform ...

Dovre Group Plc Inside information May 22, 2025, at 2 pm Markku Taskinen has been appointed as the CEO of Suvic Oy, a subsidiary of Dovre Markku Taskinen has been appointed as the new CEO of Suvic Oy, succeeding Ville Vesanen. He will assume the position at the latest on September 22, 2025. The planning of the future composition and role structure of the company’s management team will begin immediately, and the outcome will be announced by autumn. Taskinen joins Suvic from the position of CEO at Hartela Poh ...

Modifies Segment Revenue and Reiterates EPS Modeling Assumptions for Fiscal 2026WEST FARGO, N.D., May 22, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal first quarter ended April 30, 2025. "Our fiscal first quarter results demonstrated our ability to advance our short term goals in a challenging market environment, and while headwinds per ...