CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, today announced its financial results for the three months ended March 31, 2025. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. First Quarter 2025 Highlights and Recent Developments Revenue of $41.3 million in the first quarter of 2025, an increase of ...

Core Viewpoint - WANG & LEE GROUP, Inc. has received notification from Nasdaq regarding non-compliance with minimum bid price requirements for continued listing due to its share price falling below $1.00 for 30 consecutive business days [1][2]. Compliance Period and Actions - The company has a compliance period of 180 calendar days, until November 3, 2025, to regain compliance by ensuring the closing bid price is at least $1.00 for a minimum of ten consecutive business days [2][3]. - If the company does not regain compliance, it may be eligible for an additional 180-day period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [4]. Company Response - The company is currently considering actions to respond to the notification but has not made any decisions yet [5]. Company Overview - WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor specializing in the installation of Electrical & Mechanical Systems, including low voltage electrical systems, mechanical ventilation, air-conditioning systems, fire service systems, and water supply and sewage disposal systems [6]. - The company provides design and contracting services across all trades in the construction industry, serving clients from small startups to large corporations [6].

Core Insights - Matrix Service Company reported strong revenue growth in the third quarter of fiscal 2025, driven by increased activity in its Storage & Terminal Solutions and Utility & Power Infrastructure segments, achieving a revenue of $200.2 million, up 21% from $166.0 million in the same quarter of the previous year [5][9] - The company experienced a book-to-bill ratio of 1.5x for the quarter, indicating strong demand in core energy and industrial markets, with total project awards of $301.2 million [7][13] - Despite a reduction in fiscal year revenue guidance by 10% due to macroeconomic uncertainties, the company maintains a robust backlog of $1.4 billion and a project pipeline valued at $7 billion, suggesting continued growth potential [3][4][18] Financial Summary - Revenue for the third quarter of fiscal 2025 was $200.2 million, a 21% increase from $166.0 million in the prior year [5] - Gross margin improved to $12.9 million (6.4%) compared to $5.6 million (3.4%) in the same quarter of fiscal 2024, attributed to better performance in Utility and Power Infrastructure and Process and Industrial Facilities segments [6] - 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 prior year [9] Segment Performance - The Storage and Terminal Solutions segment saw revenue increase by 77% to $96.1 million, driven by higher volumes in specialty vessel and LNG storage projects, although gross margin slightly decreased to 3.9% [10] - The Utility and Power Infrastructure segment's revenue rose 27% to $58.7 million, with gross margin improving significantly to 9.4% due to effective project execution [11] - The Process and Industrial Facilities segment experienced a revenue decline to $45.4 million, primarily due to the completion of a large renewable diesel project, but gross margin improved to 8.3% [12] Backlog and Project Awards - The total backlog increased by 7.7% to $1.4 billion as of March 31, 2025, with project awards totaling $301.2 million for the quarter [7][13] - The book-to-bill ratio for the quarter was 1.5x, with significant contributions from the Storage and Terminal Solutions segment, which had a book-to-bill ratio of 2.1x [13][42] Financial Position - As of March 31, 2025, the company had total liquidity of $247.1 million, consisting of $185.5 million in unrestricted cash and cash equivalents, with no outstanding debt [16] - Cash flow from operations for the quarter was $31.2 million, reflecting strong scheduled payments from customers [14] Fiscal Year 2025 Guidance - The company updated its fiscal year 2025 revenue guidance to a range of $770 million to $800 million, down from the previous guidance of $850 million to $900 million, due to external uncertainties affecting project timelines [18]

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Everus Construction Group, Inc. (NYSE: ECG). Shareholders who purchased shares of ECG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/everus-construction-group-inc-loss-submission-form/?id=147123&from=3 CL ...

Wall Street expects a year-over-year decline in earnings on lower revenues when North American Construction (NOA) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Core Viewpoint - KBR, Inc. reported strong year-over-year growth in earnings and cash flow for Q1 2025, although revenues slightly missed expectations, leading to a 5.1% increase in stock price following the earnings release [1][2]. Financial Performance - Adjusted earnings per share (EPS) reached 98 cents, exceeding the Zacks Consensus Estimate of 88 cents by 11.4% and reflecting a 27.3% year-over-year increase [3]. - Total revenues amounted to $2,055 million, falling short of the consensus mark of $2,066 million by 0.5%, but showing a 13% increase year-over-year [3]. - Adjusted EBITDA rose 17.4% year-over-year to $243 million, with the adjusted EBITDA margin contracting by 40 basis points to 11.8% [3]. Segment Performance - The Mission Technology Solutions segment saw revenues increase by 13.6% year-over-year to $1.5 billion, supported by strong contributions from Defense & Intelligence and the HomeSafe program [5]. - The Sustainable Technology Solutions segment reported a 12% year-over-year revenue increase to $550 million, surpassing projections [6]. - Adjusted EBITDA for the Mission Technology Solutions segment was $145 million, up from $131 million in the prior-year quarter, with an adjusted EBITDA margin of 11.8% [6]. Backlog and Operational Metrics - As of April 4, 2025, KBR's total backlog was $20.5 billion, down from $21.2 billion as of January 3, 2025, with contributions of $16.51 billion from Mission Technology Solutions and $4.03 billion from Sustainable Technology Solutions [7]. - The trailing 12-month book-to-bill ratio stood at 1.0x at the end of Q1 2025 [8]. Liquidity and Cash Flow - Cash and cash equivalents increased to $442 million as of April 4, 2025, up from $350 million on January 3, 2025 [10]. - Operating cash flow for Q1 2025 totaled $98 million, an increase from $91 million at the end of March 29, 2024 [10]. - KBR returned a total of $176 million to shareholders in Q1 2025, including $156 million through share repurchases and $20 million in dividends [11]. 2025 Outlook - KBR expects total revenues for 2025 to be in the range of $8.7-$9.1 billion, indicating 12-18% growth, with adjusted EBITDA projected between $950 million and $990 million [12]. - Adjusted EPS is anticipated to be in the range of $3.71-$3.95, reflecting 11-18% growth, and operating cash flow is expected to be between $500-$550 million, representing 8-19% growth [12].

Financial Data and Key Metrics Changes - The company reported a consolidated adjusted EBITDA growth of 26%, outpacing a 12% revenue growth in the first quarter of 2025, with a margin expansion of 190 basis points [6][21] - The net debt to adjusted EBITDA ratio was maintained at 2.9 times, with expectations to reduce leverage to a target of 2 to 2.5 times over the next twelve months [7][19] Business Line Data and Key Metrics Changes - **Construction Products**: Revenues increased by 5%, driven by the Stabola acquisition, but organic revenues declined by 6% due to lower freight revenues and divestitures [11][12] - **Engineered Structures**: Revenues increased by 23%, largely due to higher wind tower volumes and the inorganic impact from the Amaron acquisition, with adjusted segment EBITDA increasing by 90% [15][16] - **Transportation Products**: Revenues were up 6%, with adjusted segment EBITDA increasing by 13%, driven by higher tank barge volumes [17] Market Data and Key Metrics Changes - The aggregates business represented 69% of construction materials revenues, with average organic pricing up 7% year-over-year and total pricing up 10% due to the Stabola acquisition [10][12] - The company expects continued investment in U.S. infrastructure to benefit operations, with strong demand conditions in various end markets [8][9] Company Strategy and Development Direction - The company is focused on executing its strategic vision, with a commitment to reducing leverage and enhancing operational efficiency [5][7] - The integration of the Stabola acquisition is expected to contribute positively in the second quarter, with a strong outlook for construction products and engineered structures [20][23] - The company anticipates sustained demand growth in utility structures due to increased electrification and renewable energy needs [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the evolving macroeconomic environment, citing strong demand in most end markets and solid visibility from backlogs [8][9] - The company expects a strong 2025, reiterating full-year guidance with anticipated revenue of $2.9 billion and adjusted EBITDA of $570 million, reflecting a 17% and 30% increase, respectively [21][22] Other Important Information - The company reaffirmed its capital expenditure guidance of $145 to $165 million for the full year, with a focus on maintenance CapEx [20] - Free cash flow for the quarter was negative $30 million, but management expects improvement in the second half of the year [20] Q&A Session Summary Question: Can you elaborate on the wind tower contribution to sales and profit dollars in the quarter? - Management highlighted strong demand and volume growth in utility structures, with the wind tower facility ramping up effectively, contributing positively to margins [36][38] Question: What are the expectations for the construction products business moving forward? - Management indicated no surprises in the Stabola operations, with good demand and orders expected to improve significantly in the second quarter [66][71] Question: How is the company managing pricing versus volume declines in aggregates? - The company is focusing on margin rather than volume, with local decision-making to balance cost absorption and pricing strategies [92][93] Question: What is the outlook for the housing market and its impact on the business? - Management expects stabilization and a potential recovery in the housing market in the second half of the year, although not a booming market [104][105]

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Enviro-Serv, Inc. (OTC: EVSV), a diversified North American holding company specializing in real estate development, rental management, and sustainable investments, is pleased to announce it has entered into a Joint Venture Agreement with Group CMR, a premier Quebec-based construction and project management firm. This strategic partnership signals Enviro-Serv’s expansion into Canada’s booming construction and infrastructure market. Under the terms of the joint ventu ...

Construction in Olive Branch, Miss. expected to commence by June 2025 Lantana, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development ("JFB" or the "Company"), today announced that it has signed a construction contract to develop a project for Marriott Hotels valued at $18 million. The project is the new construction of a Courtyard by Marriott with 117 rooms in Olive Branch, Mississippi. The c ...

本次活动由中建五局总承包公司承办，雨花区纪委监委、中建五局总部及在长二级单位、区住建局、雨 花城投集团相关负责人、党员代表参加活动。 本次活动坚持"观、学、悟、行"四位一体，将课堂教学与实地研学相结合，将理论学习与情景模拟相融 合。在长沙市廉政警示教育基地，全体与会人员接受警示教育洗礼，再次体悟共产党人的初心和使命， 夯实清正廉洁思想根基。随后，《立足岗位职责，学深悟透中央八项规定精神》主题党课，聚焦行业施 工签证变更、建材采购等工程领域典型场景开展模拟演练，具象化解析权力运行风险点。与会人员还集 体观看了警示教育片《反腐为了人民》。大家纷纷表示，要以案为鉴，时刻筑牢防腐拒变的思想防线。 雨花区委常委、纪委书记、监委主任钟孝明与黄东文共同为"地企清廉共建单位"揭牌。活动向各与会单 位发出了"争创清廉企业"的倡议，与会企业代表现场签订了阳光承诺书。中建五局总承包公司湖南分公 司代表作表态发言，表示坚决守好交往"廉洁关"，为进一步构建亲清政商关系，推动中建五局和雨花区 经济社会高质量发展注入"廉"动力。 长沙晚报掌上长沙5月6日讯（通讯员 袁鑫欣 张钰娇）为深入贯彻落实中央八项规定精神，进一步筑牢 工程建设领域廉 ...