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]

MISSISSAUGA, Ontario, May 21, 2025 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce that it has been awarded three projects with a combined value of over $525 million across its buildings and infrastructure businesses. Bird has been selected to deliver the Transportation Safety and Technology Science (TSTS) Hub, a 120,000 sq. ft. facility in Ottawa, Ontario. This hub will bring together federal scientists and investigators to advance transportation safety technology and science, ...

Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn) annual general meeting of shareholders was held on 21 May 2025 at 10.00 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Sigma (Liivalaia 33, 10118 Tallinn). The shareholders of Nordecon AS made the following decisions according to the proposed agenda: Agenda item No. 1. Approval of the Company’s annual report for 2024 and proposal for the allocation of profit RESOLUTION No. 1 To approve the Company’s consolidated ...

Core Points - AS Merko Ehitus Eesti has signed a construction contract for the Rail Baltica Ülemiste international passenger terminal in Tallinn with OÜ Rail Baltic Estonia [1] - The terminal building, named "Linda," is designed by Zaha Hadid Architects and will span across the planned Rail Baltica railway and existing Estonian Railways infrastructure [2] - The terminal will feature a 180-meter long section crossing the railway, rising approximately 20 meters above street level, with three platforms totaling about 1,250 meters in length [3] - The contract value is approximately 85 million euros, with a construction deadline set for October 2028 [4] - AS Merko Ehitus Eesti is a recognized construction company in Estonia, providing services in general construction, civil engineering, and residential construction [4] Company Information - AS Merko Ehitus group operates in Estonia, Latvia, and Lithuania, employing 605 people as of the end of 2024, with a revenue of EUR 539 million for that year [4]

PHOENIX, May 20, 2025 (GLOBE NEWSWIRE) -- DBM Global Inc. (“DBMG”), announced today that it has entered into an amended and restated credit agreement that provides for an $85 million term loan and a $135 million revolving credit facility (the “Credit Facility”), which will be used to fully repay DBMG’s existing debt obligations and provide additional working capital capacity. The Credit Facility from a syndicate led by UMB Bank, N.A. provides for senior secured debt in the total amount of $220 million and i ...

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].

NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 31, ...

Revenues increase 93%; Gross profit increases over 66% Lantana, FL, May 20, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development, announces financial results for the first quarter 2025. "Moving into the second quarter we plan to leverage our regional success to expand into other U.S. markets, by identifying opportunities and joint venture partners that align with our company objectives and goals, and to e ...

Acquisition Details - Titan Machinery Inc. has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, aligning with its strategic growth initiatives [1][2] - Farmers Implement & Irrigation, a New Holland dealership, has two locations in South Dakota and generated revenues of $20 million in 2024 [2][3] - The acquisition enhances Titan Machinery's New Holland presence in eastern South Dakota [3] Financial Guidance - For fiscal 2026, the agriculture segment's revenues are expected to decline by 20-25%, while the construction segment's revenues are projected to decrease by 5-10% [4] - The company anticipates a loss of $1.25 to $2.00 per share in fiscal 2026, indicating weak demand [4] Stock Performance - Over the past year, Titan Machinery's shares have decreased by 9.6%, contrasting with the industry's growth of 13.5% [5] Earnings Expectations - Titan Machinery is set to report its first-quarter fiscal 2026 earnings, with a consensus estimate of a loss of 79 cents per share, compared to earnings of 41 cents per share in the same quarter last year [9] - The revenue estimate for the first quarter is pegged at $493 million, reflecting a year-over-year growth of 26.4% [9]

Core Viewpoint - MasTec, Inc. has shown strong performance in the infrastructure construction sector, with significant stock gains and positive earnings results, indicating robust growth potential for 2025 and beyond [1][2][19] Stock Performance - MasTec's shares have increased by 18.8% over the past three months, outperforming the Zacks Building Products - Heavy Construction industry's growth of 7.1% and the broader Construction sector's rise of 0.8% [1] - The stock has also surpassed the S&P 500 index, which fell by 3% during the same period [1] Financial Results - In the first quarter of 2025, MasTec reported earnings and revenues that exceeded the Zacks Consensus Estimate, with a year-over-year revenue increase of 6% [2] - The company raised its 2025 guidance due to strong momentum in its non-pipeline business [2] Business Segmentation - MasTec's non-pipeline segments have shown significant growth, with revenues increasing by 21% year over year, driven by demand for broadband infrastructure, grid modernization, and clean energy projects [6] - The Communications Segment is experiencing steady demand, supported by broadband expansion and data center investments [7] Backlog and Contract Growth - As of March 31, 2025, MasTec's backlog reached $15.88 billion, reflecting a 23.7% year-over-year increase and an 11% sequential increase, driven by strong bookings across all segments [10] - The Clean Energy and Infrastructure segment's backlog also increased to a record level of $4.4 billion, indicating resilience despite potential challenges [11] Market Outlook - Analysts have revised earnings estimates for MasTec upward to $6.12 for 2025, representing a growth of 54.9% from the previous year [13] - The company's diversified business model and strong backlog position it well for continued growth in the infrastructure sector [18] Valuation - MasTec's current valuation appears stretched compared to industry averages, with a forward 12-month Price/Earnings ratio indicating potential concerns about sustainability if future performance does not meet expectations [16]