WEST FARGO, N.D., May 08, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today it will release financial results for the first quarter April 30, 2025, on Thursday, May 22, 2025, followed by an investor conference call at 7:30 a.m. Central time (8:30 a.m. Eastern time). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. International callers can dial (201) 389-0 ...

NEW YORK, May 08, 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. ...

Limbach (LMB) FY Conference May 08, 2025 12:00 PM ET Speaker0 Great. Thank you, everybody. Mike McCann, President and CEO of Limbach Holdings. Joining me on this call today will be Jamie Brooks, EVP and CFO. She'll be available for Q and A. So look forward to getting into the discussion today, a little bit about Limbach Holdings. We reported at the end of the day, Monday, and we'll be talking about our growth strategy and market opportunity. So the first thing, a lot of times we are classified as E and C co ...

Core Insights - CNH presented its Strategic Business Plan (SBP) at the Investor Day 2025, outlining a clear path for growth and cost efficiency [2][3] - The company aims to consolidate its position as a leading player in agriculture and construction markets while targeting significant margin improvements [4][12] Group 1: Strategic Goals - CNH aims to be the 1 or 2 player in all major markets during the plan period [4][12] - The company targets a 16-17% mid-cycle adjusted EBIT margin in Agriculture by 2030 [10][12] - For the Construction segment, CNH is targeting a 7-8% mid-cycle adjusted EBIT margin by 2030 [14] Group 2: Product Development and Technology - CNH will enhance product leadership through new launches and updates across its agricultural equipment lineup, including a full refresh of tractors and advanced combine harvesters [5][6] - The integration of Precision Tech, including AI capabilities and agronomic sensors, will be a key focus, with expectations that Precision Tech sales will nearly double as a percentage of total Agriculture Net Sales by 2030 [7][12] Group 3: Market Strategy - A new go-to-market strategy will focus on an integrated dealer network and brand strategy to improve customer engagement and service [8][9] - The company plans to invest approximately 100 basis points of annual margin over the next five years in growth-oriented dealers [9] Group 4: Operational Efficiency - CNH is committed to delivering over $550 million in operational and quality cost improvements by 2030 to support margin expansion [13][12] - The company will focus on operational efficiencies through strategic sourcing, plant efficiencies, and enhanced product reliability [13] Group 5: Shareholder Returns - CNH plans to increase through-cycle Industrial cash generation by 25% and return substantially all Industrial Free Cash Flow to shareholders through dividends and share buybacks [18][17]

Core Viewpoint - CNH's new Strategic Business Plan (SBP) aims to enhance product leadership and expand margins, targeting a 16-17% Agriculture mid-cycle adjusted EBIT margin by 2030 while consolidating its position as a leading player in major markets [2][9]. Group 1: Strategic Goals - The SBP includes a commitment to strong growth alongside cost efficiency targets, with a focus on delivering steady margin improvements [3]. - CNH aims to solidify its position as the first or second agriculture player in all major markets during the plan period [4]. - The company plans to execute over $550 million in run-rate operational and quality cost improvements by 2030 [9]. Group 2: Product Development and Technology - CNH will enhance product leadership through new launches and updates across its agricultural equipment, including tractors and harvesters [5]. - The new generation of twin and single rotor combines launched in 2024 offers a 15% lower total cost of ownership for farmers [5]. - By 2030, 90% of Precision Tech systems will be developed in-house, with sales expected to nearly double as a percentage of total Agriculture Net Sales [7]. Group 3: Market Strategy - A new go-to-market strategy will focus on an integrated dealer network and brand strategy to improve farmer engagement and customer service [8]. - The company will invest approximately 100 basis points of annual margin over the next five years in growth-oriented dealers [12]. - The strategy includes a dual-brand dealer approach to strengthen brand identities and customer segments [11]. Group 4: Financial Performance - CNH targets a 16-17% mid-cycle adjusted EBIT margin for Agriculture by 2030, driven by commercial growth, operational efficiency, and quality improvements [13][14]. - For the Construction segment, a target of 7-8% mid-cycle adjusted EBIT margin by 2030 is set, focusing on commercial actions and manufacturing improvements [15][16]. - The company plans to increase through-cycle Industrial cash generation by 25%, returning substantial Industrial Free Cash Flow to shareholders through dividends and share buybacks [19].

Matrix Service Company (MTRX) Q3 2025 Earnings Call May 08, 2025 10:30 AM ET Company Participants Kellie Smythe - Senior Director of Investor RelationsJohn Hewitt - CEO, President & DirectorKevin Cavanah - VP of Finance, CFO & Treasurer Conference Call Participants John Franzreb - Senior Equity AnalystBrent Thielman - MD & Senior Research Analyst Operator Good morning, and welcome to the Matrix Service Company Conference Call to discuss Results for the Third Quarter of Fiscal twenty twenty five. Currently, ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 21% to $200.2 million compared to $166 million in Q3 2024, driven by growth in storage and utility segments [21][31] - Gross margin improved to $12.9 million or 6.4% in Q3 2025 from $5.6 million or 3.4% in Q3 2024 [21][22] - The company reported a net loss of $3.4 million or $0.12 per share, an improvement from a net loss of $14.6 million or $0.53 per share in the same quarter last year [23] Business Line Data and Key Metrics Changes - Storage and Thermal Solutions segment revenue surged by 77% to $96.1 million in Q3 2025 from $54.3 million in Q3 2024, driven by specialty vessel projects [23][24] - Utility and Power Infrastructure segment revenue rose by 27% to $58.7 million compared to $46.1 million in the prior year, benefiting from natural gas peak shaving projects [25] - Process and Industrial Facilities segment revenue decreased to $45.4 million from $65.6 million, primarily due to the completion of a large renewable diesel project [26] Market Data and Key Metrics Changes - The company anticipates a 45% increase in U.S. LNG export demand, supporting elevated energy infrastructure spending [16] - The EIA projects an 8% increase in natural gas demand over the next six years, indicating strong growth potential in the electrical infrastructure market [17] Company Strategy and Development Direction - The company is restructuring to create a more efficient organization, including eliminating senior positions and decentralizing business development [8][11] - Matrix is winding down its Northeast transmission and distribution service line due to competitive disadvantages, while continuing to focus on electrical infrastructure services [12][13] - The strategic focus remains on delivering sustainable long-term shareholder value through a resilient growth-oriented platform [13] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties due to U.S. trade and environmental policies, but believes the underlying demand environment remains strong [14] - The company revised its fiscal 2025 revenue guidance down by 10% to $770 million to $800 million, while still expecting strong year-over-year growth [15][31] - Management expressed confidence in achieving a sustainable and profitable growth trajectory, supported by a $7 billion pipeline of project opportunities [17] Other Important Information - The company reported a backlog increase of nearly 8% sequentially to over $1.4 billion, with a book-to-bill ratio of 1.5 [18] - Cash flow from operating activities was $31.2 million for Q3 and $76.8 million year-to-date, with available liquidity increasing to $247.1 million [30] Q&A Session Summary Question: Can you walk us through the decision-making process to exit the transmission and distribution business? - Management indicated that competitive dynamics made it difficult to win work at acceptable margins, leading to the decision to wind down the business without a positive backlog [35][36] Question: What are the potential cost savings from exiting the business? - The exit will result in cost savings and reallocation of resources to the electrical instrumentation business, with the business operating at a loss previously [38] Question: Are the revenue guidance adjustments due to deferrals or cancellations? - Management clarified that some revenue was deferred due to delays in contract negotiations and project awards, but they expect strong spending on energy infrastructure in the coming years [39][42] Question: What is the opportunity profile for smaller projects as the company reengages in them? - Management emphasized the importance of smaller projects for building client relationships and strengthening execution teams, indicating a need to pursue these opportunities more effectively [43][44] Question: How might the geopolitical macroeconomic environment influence customer spending? - Management expressed confidence that despite uncertainties, the global demand for energy will continue to rise, supporting infrastructure investments [51][53]

CNH Industrial (CNH) 2025 Capital Markets Day May 08, 2025 09:00 AM ET Speaker0 morning. Thank you, Jason, and good morning, everyone. Today, I'm delighted to introduce our CEO and executive team. Before I do that, I'd like to share with you how our long heritage and deep expertise has positioned CNH as the partner of choice for farmers and builders around the globe. For more than one hundred and eighty years, our legacy has been built on the pioneering spirit of innovators such as Jerome Case, the founder ...

TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that Aecon Kiewit Nuclear Partners, a general partnership between Aecon and Kiewit Nuclear Canada in which Aecon is the lead partner, has been awarded an alliance construction contract by Ontario Power Generation (“OPG”) for the execution phase on the Darlington New Nuclear Project (“DNNP”) in Clarington, Ontario. Aecon’s share of the contract is valued at approximately $1.3 billion and will be added to its Const ...

KH Group PlcPress Release 8 May 2025 at 3:00 pm EEST KH Group: Indoor Group updated its financing agreement KH Group’s subsidiary Indoor Group has updated its agreement with the financing provider. In accordance with the updated agreement the financing provider will not demand the repayment of loans, provided that certain conditions are met. The validity of the agreement has been extended until 31 August 2025. The parties have engaged in negotiations on the terms of validity of Indoor Group's financing for ...