Core Insights - Jacobs Solutions reported mixed quarterly results, with adjusted earnings exceeding expectations but revenue falling short of Wall Street predictions [1][3] - The company's shares declined by 6% following the earnings report [1] Financial Performance - Jacobs earned $1.43 per share in its fiscal second quarter, surpassing expectations by $0.05 [3] - Revenue for the quarter was $2.91 billion, approximately $90 million below consensus estimates [3] Business Segments and Demand - The company is experiencing strong demand in life sciences, transportation, and energy programs [4] - Earnings were negatively impacted by a mark-to-market loss on the investment in Amentum, which acquired Jacobs' government business in 2024 [4] - Jacobs plans to exit its retained stake in Amentum on May 30, distributing remaining shares to current investors [4] Capital Management - Jacobs repurchased $351 million worth of shares during the quarter [5] - The company retired over $300 million in debt and refinanced another $700 million at a lower interest rate [5] Future Outlook - Jacobs' backlog of future business reached $22.2 billion at the end of the quarter, reflecting a 20% year-over-year increase [6] - The company billed approximately $1.10 for every $1 it invoiced to customers, indicating positive future growth prospects [6] - With a 10% decline in stock price year-to-date, this may present a favorable opportunity for investors [7]

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce a significant step in the Company’s strategic development through the establishment of a new business platform within the offshore subsea construction market. EMGS has entered into a set of agreements for a transaction (the “Transaction”) whereby a newly formed subsidiary of the Company will acquire the OSCV Siem Day (the “Vessel”) from Siem Day II AS (the “Seller”). The Siem Day, built in 2013 by Vard, Brattvåg, is a subsea co ...

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Core Viewpoint - Jacobs Solutions Inc. reported mixed results for the second quarter of fiscal 2025, with adjusted earnings exceeding estimates while revenues fell short, although both metrics showed year-over-year growth [1][3]. Financial Performance - Adjusted earnings per share (EPS) were $1.43, surpassing the Zacks Consensus Estimate of $1.41 by 1.4%, and up from $1.17 in the same quarter last year [3]. - Revenues totaled $2.91 billion, missing the consensus estimate of $3.02 billion by 3.6%, but reflecting a year-over-year increase of 2.2% [3]. - Adjusted net revenues were $2.14 billion, up 3.1% year over year [3]. - Adjusted operating profit increased by 2.4% to $270.6 million, with an operating margin remaining flat at 12.7% [3]. - Adjusted EBITDA rose 8.1% year over year to $286.6 million, with a margin of 13.4%, up 60 basis points from the previous year [3]. Backlog and Demand - The fiscal second-quarter backlog increased by 20% year over year to $22.16 billion, indicating strong project wins and robust demand [4]. - The book-to-bill ratio was 1.3x over the trailing 12 months, suggesting future revenue stability [4]. Segment Performance - Infrastructure & Advanced Facilities segment revenues were $2.6 billion, a 2% increase from $2.55 billion year over year, with adjusted net revenues of $1.83 billion, up 2.8% [5]. - The Critical Infrastructure business saw gross revenues rise 2.2% year over year to $1.11 billion, while Life Sciences and Advanced Manufacturing grew by 5.8% to $728 million [7]. - The PA Consulting segment generated $307.7 million in revenues, up from $294 million year over year, with an adjusted operating margin improving to 21.9% [8]. Balance Sheet and Cash Flow - At the end of the fiscal second quarter, cash and cash equivalents were $1.2 billion, an increase from $1.14 billion at the end of fiscal 2024 [9]. - Long-term debt rose to $2.63 billion from $1.35 billion at the end of fiscal 2024 [9]. - Net cash provided by operating activities was $11.03 million in the first half of fiscal 2025, down from $375.5 million in the same period last year [10]. Guidance - Jacobs retained its guidance for adjusted net revenues to grow mid-to-high single digits year over year and adjusted EBITDA margins to be in the range of 13.8-14% [11]. - Adjusted EPS expectations remain between $5.85 and $6.20, with an expectation of over 100% free cash flow conversion from net income [12].

Knife River (KNF) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Nathan Ring - VP & CFOBrian Gray - CEO & PresidentTrey Grooms - Managing DirectorKathryn Thompson - Founding Partner & CEOGarik Shmois - Managing DirectorIan Zaffino - Managing Director Conference Call Participants Brent Thielman - MD & Senior Research AnalystGabe Hajde - Analyst Operator Good morning, ladies and gentlemen, and welcome to the KnifeRiver Corporation First Quarter Results Conference Call. At this time, note ...

KH Group PlcStock exchange release 6 May 2025 at 6:15 pm EEST Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors KH Group Plc’s Annual General Meeting was held on 6 May 2025 at Sanomatalo, Flik Event Studio Eliel, at the address Töölönlahdenkatu 2, 00100 Helsinki, Finland. The Annual General Meeting supported all the proposals included in the notice of the Annual General Meeting. The General Meeting adopted the financial statements for the financial period ...

Core Viewpoint - AECOM reported mixed results for Q2 fiscal 2025, with earnings exceeding estimates while revenues fell short of expectations and declined year-over-year, although net service revenues (NSR) increased [1][3]. Financial Performance - Adjusted earnings per share (EPS) reached $1.25, surpassing the consensus estimate of $1.15 by 8.7% and marking a 20% increase from the previous year [3]. - Total revenues amounted to $3.77 billion, a 4% decline year-over-year, while adjusted NSR grew by 4% to $1.87 billion [3]. - Adjusted operating income rose to $218 million, reflecting a 13% year-over-year increase, with an adjusted operating margin of 19.4%, up 130 basis points [6]. Backlog and Pipeline - Total backlog at the end of Q2 was $24.27 billion, an increase from $23.74 billion a year ago, with design backlog reaching a record high [4]. - The book-to-burn ratio in the U.S. design business was 1.2x, marking the 18th consecutive quarter above 1.0, indicating sustained demand [4]. Segment Performance - Revenues in the Americas segment were $2.9 billion, down 5% year-over-year, but NSR increased by 6% to $1.1 billion, driven by strong performance in the design business [5]. - International revenues decreased by 3% to $875 million, while NSR grew by 1% to $742 million, supported by growth in the U.K. and Hong Kong [7]. Cash Flow and Liquidity - Cash and cash equivalents totaled $1.6 billion, slightly up from $1.58 billion at the end of fiscal 2024, with total debt at $2.55 billion [11]. - Operating cash flow increased by 102% year-over-year to $191 million, and adjusted free cash flow rose by 141% to $178 million [11]. Guidance and Outlook - AECOM raised its fiscal 2025 guidance for adjusted EBITDA and EPS, expecting adjusted EPS in the range of $5.10-$5.20, indicating a 14% improvement from fiscal 2024 levels [12][13]. - The company anticipates 5-8% organic NSR growth for fiscal 2025 and expects adjusted EBITDA between $1.180-$1.210 billion, reflecting 9% year-over-year growth at the midpoint [13][14].

Primoris Services (PRIM) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Blake Holcomb - VP - Investor RelationsDavid L. King - Chairman, Interim CEO & PresidentKen Dodgen - Executive VP & CFOPeter Lukas - DirectorDrew Chamberlain - Equity Research AssociateJustin Mechetti - Equity Research AssociateAvi Jaroslawicz - Equity Research Associate Conference Call Participants Brian Russo - AnalystBrent Thielman - MD & Senior Research AnalystKevin Gainey - Senior Research AnalystAdam Bubes - A ...

Financial Data and Key Metrics Changes - The company is positioned for its most profitable year in history, forecasting record revenue, net income, and adjusted EBITDA [5][22] - The first quarter results were in line with expectations, with a seasonal loss of approximately 8% of annual EBITDA due to recent acquisitions [8][10] - SG&A expenses increased by $13 million compared to the prior year, primarily due to acquisition-related costs and business development activities [29][30] Business Line Data and Key Metrics Changes - Aggregate product line saw a 6% year-over-year increase in average selling price, but overall volumes were down 9% due to lower demand in Oregon and weather impacts [25][26] - Ready mix revenue increased by 9% driven by higher average selling prices and volume growth, with expectations for high teens volume growth for the full year [26][27] - Contracting services experienced higher revenues, particularly in the Mountain segment, but gross profit was lower compared to the previous year due to project types and incentives recognized [27][28] Market Data and Key Metrics Changes - The company has a strong public project backlog, representing 87% of total backlog, with increased bidding activity noted in recent months [16][17] - The West segment saw revenue and EBITDA increases, particularly in Hawaii and California, while Oregon faced decreased demand due to funding issues [19][20] - The Mountain segment is benefiting from new transportation funding in Idaho, with positive signs for future growth [20][21] Company Strategy and Development Direction - The company is actively pursuing an acquisition program, having closed on Strata Corporation and planning further deals focused on materials-led companies [6][10] - Investments in operational improvements and competitive edge strategies are expected to drive long-term profitable growth [6][12] - The company is committed to safety and operational excellence as part of its corporate culture [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term strategy despite macroeconomic uncertainties, highlighting a resilient business model insulated from tariff impacts [6][7] - The company anticipates benefiting from significant infrastructure investment needs, with a strong funding backdrop for public projects [14][15] - Management remains optimistic about achieving record results for the full year, supported by recent acquisitions and ongoing operational improvements [22][32] Other Important Information - The company has approved $68 million for organic growth projects for the full year, with significant capital expenditures planned [30][31] - The company ended the quarter with $86 million in unrestricted cash and no borrowings on its revolver, indicating strong liquidity [32] Q&A Session Summary Question: Resiliency in private construction markets - Management noted that Hawaii, California, and Texas are showing positive activity in private construction, while Oregon and Montana are experiencing pressure [38][40] Question: Update on Strata integration - The integration of Strata is progressing well, with expectations for positive contributions to margins and overall operations [41][44] Question: Volumes across segments - Management indicated that while the first quarter saw a 9% decline in aggregate volumes, 70% of states experienced increases, and they remain confident in achieving guidance numbers [49][50] Question: End market mix post-acquisitions - The company confirmed that 87% of construction contracting revenue is from public works, with Strata's addition slightly increasing private market influence [52][53] Question: SG&A clarification - Management provided a breakdown of the $13 million increase in SG&A, attributing $8 million to the step-up in investment and $4 million to acquisition-related costs [60][62] Question: Impact of delayed private projects - Delays are primarily in private projects, with expectations for many to resume in the third quarter, particularly in the West Coast region [96][100] Question: Future investment and margin targets - The $20 million step-up in SG&A is seen as an investment in future growth, with management confident in reaching long-term margin targets [92][95]

Q1 2025 Results Presentation May 6, 2025 Changes in such assumptions and factors could cause actual future results to differ materially from those expressed in the forward-looking statements. All forward-looking statements in this presentation are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, the company does not unde ...