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GTT : Notice regarding availability of explanatory documentation related to the combined shareholders' meeting to be held on June 11, 2025
Globenewswire· 2025-05-20 15:45
Terms of availability of preparatory documents for the combined general meeting of shareholders on June 11, 2025 Saint-Rémy-lès-Chevreuse – May 20, 2025. GTT (Gaztransport et Technigaz) informs its shareholders that the combined (ordinary and extraordinary) general meeting of shareholders will be held on Wednesday June 11, 2025 at 3:00 pm. The notice of meeting, including the agenda and the draft resolutions as well as the conditions and modalities of participation and voting at this meeting, was published ...
NV5 Awards 2025 National Society of Black Engineers Scholarships
Globenewswire· 2025-05-08 12:00
Core Points - NV5 announced the winners of the 2025 NSBE scholarship awards, recognizing ten scholars for their academic excellence in engineering and related fields [1][2] - The NSBE scholarship program supports undergraduate and graduate students pursuing careers in civil, electrical, and mechanical engineering, geomatics, and computer science [2] - The National Society of Black Engineers, founded in 1975, is one of the largest student-governed organizations in the U.S., promoting diversity and inclusion in the engineering field [3] Company Overview - NV5 Global, Inc. is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment, specializing in engineering design, asset management, and geospatial data analytics [6] - The company operates over 100 offices nationwide and internationally, supporting infrastructure resilience and building systems performance throughout the asset lifecycle [6] Scholarship Selection Criteria - Scholarship recipients were selected based on personal essays, academic achievements, community involvement, and professional endorsements, reflecting NSBE's values and commitment to academic excellence [5]
Gulf Island Reports First Quarter 2025 Results
Globenewswire· 2025-05-06 20:05
Core Viewpoint - Gulf Island Fabrication, Inc. reported solid first quarter results for 2025 despite macroeconomic uncertainties, with a focus on strategic actions taken in recent years to maintain financial strength and operational flexibility [4][5]. Financial Performance - Consolidated revenue for Q1 2025 was $40.3 million, a decrease from $42.9 million in Q1 2024. Net income was $3.8 million compared to $6.2 million in the prior year [5][29]. - Adjusted EBITDA for Q1 2025 was $4.5 million, up from $3.7 million in Q1 2024, excluding a prior year gain of $2.9 million from the Fabrication division [5][10]. - The Services division reported revenue of $19.9 million, down 22.2% from the previous year, primarily due to reduced offshore maintenance activity [7][8]. - The Fabrication division saw revenue increase by 20.7% to $20.7 million, driven by higher small-scale fabrication activity [9][10]. Strategic Initiatives - The company is pursuing organic growth initiatives, including a new cleaning and environmental services offering, and has entered into an agreement to acquire certain assets of ENGlobal Corporation, which is expected to enhance its product and service capabilities [4][15][17]. - The total capital commitment for the acquisition of ENG is $4.0 million, with expectations of operating losses in the range of $1.0 to $2.0 million during the integration period [17][18]. Balance Sheet and Liquidity - As of March 31, 2025, the company had cash and short-term investments exceeding $67 million, with total debt of $19 million at a fixed interest rate of 3.0% [13][39]. - The company repurchased 86,364 shares for $0.6 million during the first quarter under its share repurchase program [14]. Market Outlook - The company anticipates a challenging market outlook for the remainder of 2025 due to macroeconomic uncertainties and reduced capital spending by customers in the Gulf of America [4][5].
Voting results of the 2025 Annual General Meeting of Technip Energies
Globenewswire· 2025-05-06 16:00
Group 1 - The company Technip Energies announced that all resolutions submitted for shareholders' approval at the 2025 annual general meeting were adopted [1] - Shareholders approved all resolutions with over 83% of the votes, including the adoption of the 2024 financial statements and a proposed dividend of EUR 0.85 per outstanding ordinary share for the 2024 financial year [2] - The 2024 Remuneration Report was adopted with 88.73% of votes in favor [2] Group 2 - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4] - Technip Energies has over 17,000 employees across 34 countries, focusing on bridging prosperity with sustainability [4] - The company specializes in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, contributing to critical markets such as energy and decarbonization [3]
Voting results of the 2025 Annual General Meeting of Technip Energies
GlobeNewswire News Room· 2025-05-06 16:00
Group 1 - The company Technip Energies announced that all resolutions submitted for shareholder approval at the 2025 annual general meeting were adopted [1] - Shareholders approved all resolutions with over 83% of the votes, including the adoption of the 2024 financial statements and a proposed dividend of EUR 0.85 per outstanding ordinary share for the 2024 financial year [2] - The 2024 Remuneration Report was adopted with 88.73% of votes in favor [2] Group 2 - Technip Energies is a global technology and engineering powerhouse with leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3] - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4] - Technip Energies employs over 17,000 people across 34 countries, committed to bridging prosperity with sustainability [4]
Jacobs Solutions (J) - 2025 Q2 - Earnings Call Transcript
2025-05-06 14:00
Financial Data and Key Metrics Changes - Adjusted EPS grew over 22% to $1.43, supported by solid year-over-year margin expansion [7][21] - Adjusted net revenue rose over 3% in Q2, with adjusted EBITDA for Q2 at $287 million, representing an 8% year-over-year increase [11][20] - Backlog grew 20% to more than $22 billion, a new record [7][21] Business Line Data and Key Metrics Changes - PA Consulting's revenue growth inflected positively, reaching mid-single digits and driving double-digit operating profit growth [7] - Adjusted net revenue growth for Water and Environmental was 2% in Q2, with expectations for mid to high single-digit growth in the second half [22] - Life Sciences and Advanced Manufacturing adjusted net revenue grew approximately 6% in Q2, with strong demand in both sectors [23] Market Data and Key Metrics Changes - Approximately 9% of total revenue comes from U.S. Federal infrastructure and related services, primarily tied to Department of Defense engagements [10] - The Middle East saw strong growth, continuing at double digits [45] - FX was a headwind in Q2, but if rates remain stable, it could become a tailwind in Q3 [46] Company Strategy and Development Direction - The core pillar of the strategy is to redefine the asset lifecycle for clients, focusing on high-growth markets [13][18] - The company aims to deliver sustainable, profitable growth by providing differentiated, digitally enabled solutions [18] - Continued investment in PA Consulting is being considered to strengthen the partnership and capitalize on growth opportunities [90][91] Management's Comments on Operating Environment and Future Outlook - The geopolitical backdrop remains stable, with infrastructure and consulting services in high demand [9] - The company anticipates sequential revenue growth from Q2 to Q3, with Q3 net revenue expected to grow 5% to 7% year-on-year [31] - Management expressed confidence in the backlog and its ability to absorb impacts from legal reserves and FX challenges [39][40] Other Important Information - The company returned a record amount of capital to shareholders during Q2, with $351 million in share repurchases [28] - A dividend of $0.32 per share was declared, representing a 10% year-over-year growth [29] - The company is on track to potentially return more than 100% of adjusted free cash flow in fiscal year 2025, excluding the distribution of Momentum shares [30] Q&A Session Summary Question: Can you quantify the reserve for the JV matter and discuss customer spending visibility? - Management indicated that while the procurement cycle is extending, there are no broad cancellations or delays in execution [37] Question: What are the regional dynamics, particularly in PA and the UK? - PA is experiencing strong growth, particularly in defense and security, while the UK business is rebounding with solid performance in transportation and water [41][42] Question: How is the company addressing rising construction costs? - The company is working with clients on supply chain scenario planning and value engineering opportunities due to rising costs [66][68] Question: Is there potential for stimulus spending from government customers? - Some programs that were paused are now resuming, particularly in federal infrastructure [72] Question: What is the outlook for margins and utilization rates? - Utilization rates have improved and are on par with previous years, with expectations for margin improvements in Q3 and Q4 [55][107]
Woolpert Selected to Implement Trimble Asset Management System Solution for San Diego International Airport
Prnewswire· 2025-05-01 14:15
Core Insights - The San Diego County Regional Airport Authority has selected Woolpert to implement the Trimble Unity Maintain™ enterprise asset management system for San Diego International Airport, aimed at streamlining maintenance operations [1][2]. Group 1: Project Overview - Woolpert will provide implementation, configuration, training, maintenance, and technical support services as part of the contract [2]. - The system will leverage the airport's existing GIS data to enhance operational efficiency and asset performance, while also supporting Part 139 Inspection Reporting and Safety Management System best practices [2]. Group 2: Strategic Importance - Woolpert's approach aims to align the project with San Diego International Airport's vision for a centralized and efficient computerized maintenance management system, focusing on optimized GIS, reduction of systems overlap, and effective staff training [3]. - The contract reflects a broader industry trend recognizing the significance of geospatial-based systems as essential asset registries throughout the asset lifecycle [3]. Group 3: Company Background - Woolpert is a leading architecture, engineering, geospatial, and strategic consulting firm, recognized as a Top 100 ENR Global Design firm and has been America's fastest-growing AEG firm since 2015 [4]. - Trimble is a global technology company that integrates the physical and digital worlds, focusing on innovation in precise positioning, modeling, and data analytics across various essential industries [5].
Matthews International(MATW) - 2025 Q2 - Earnings Call Presentation
2025-04-30 21:55
Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as " ...
Parsons(PSN) - 2025 Q1 - Earnings Call Transcript
2025-04-30 12:00
Financial Data and Key Metrics Changes - The company achieved record first quarter results for total revenue of $1.6 billion, a 1% increase year-over-year, but a 2% decline on an organic basis [14][25] - Adjusted EBITDA reached $149 million, a 5% increase from the prior quarter, with an adjusted EBITDA margin of 9.6%, marking a first quarter record [27][15] - The company reported a book-to-bill ratio of 1.1 times, driven by strong win rates of 68% and large contract wins [17][33] Business Line Data and Key Metrics Changes - In the Federal Solutions segment, total revenue decreased by 7% year-over-year, but excluding the confidential contract, revenue increased by 86% on an organic basis [27][28] - The Critical Infrastructure segment saw a revenue increase of $86 million or 14% year-over-year, driven by organic growth of 8% and contributions from recent acquisitions [28][29] - Adjusted EBITDA for the Critical Infrastructure segment increased by 51% year-over-year, with a record adjusted EBITDA margin of 10.3% [29] Market Data and Key Metrics Changes - The company reported a record total backlog of $9.1 billion, with 69% funded, and a pipeline of $55 billion, including over 100 opportunities worth more than $100 million each [23][34] - The Middle East infrastructure business continues to excel, with significant growth driven by major projects aligned with Saudi Vision 2030 and other regional initiatives [11][12] Company Strategy and Development Direction - The company is focused on capitalizing on unprecedented spending in North America and Middle East infrastructure markets, with a strong emphasis on hard infrastructure projects [8][9] - The strategic direction includes being an advanced solutions integrator that differentiates with software, aligning with national security priorities and leveraging technology leadership in emerging markets [13][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong financial results, citing long-term tailwinds in both the Critical Infrastructure and Federal Solutions segments [22][23] - The company anticipates continued growth in the federal budget, particularly in defense spending, with expectations for a $1 trillion defense budget in fiscal year 2026 [12][61] Other Important Information - The company completed the acquisition of TRS Group for $37 million, enhancing its environmental remediation capabilities [21] - The company was named one of the world's most ethical companies for the sixteenth consecutive year, reflecting its commitment to ethics and integrity [21] Q&A Session Summary Question: Inquiry about Critical Infrastructure segment margins - Management confirmed that the strong margins in the Critical Infrastructure segment were due to underlying business performance without any favorable adjustments [41][43] Question: Expectations for the balance of the year regarding Critical Infrastructure - Management indicated that they expect the Critical Infrastructure margin to be around 9.1% for the full year, with strong performance anticipated in the upcoming quarters [45] Question: Clarification on the Middle East growth and contract ramp-up - Management noted that larger contracts in the Middle East experienced slower ramp-up due to holidays but expect double-digit growth for the full year [48][50] Question: Resilience of the federal solutions award environment - Management expressed optimism about the federal solutions segment, expecting a book-to-bill ratio over 1.0 for the full year [55] Question: Update on the confidential contract and its impact - Management confirmed that the confidential contract is currently at an 80% run rate and anticipates a surge in activity following a review period [66][95] Question: Hiring dynamics in light of Doge and federal workforce availability - Management reported strong employee retention and a positive hiring environment, with an emphasis on hiring cleared federal personnel [106] Question: Expectations for M&A activity - Management expects to complete two to three acquisitions this year, with a robust pipeline in both federal and critical infrastructure sectors [75]
Gannett Fleming TranSystems Changes Name to GFT and Appoints Mike Orth as Chief Executive Officer
GlobeNewswire News Room· 2025-04-28 21:36
Core Insights - Gannett Fleming TranSystems has rebranded to GFT, integrating multiple businesses into a unified platform for infrastructure consulting services [1] - GFT serves over 5,000 clients across North America, focusing on transportation, water, power, environmental, and federal markets [2] - The company has been recognized by Engineering News-Record, ranking 18 on the Top 500 Design Firms list and achieving high rankings in various sectors [2] Company Overview - GFT employs over 5,000 professionals and operates 130 offices, leveraging a 110-year legacy to provide long-term value [2] - The firm specializes in architecture, engineering, and construction (AEC) within key markets [5] Leadership Changes - Mike Orth has been appointed as the new CEO, bringing 36 years of leadership experience from Black & Veatch [3] - The leadership team emphasizes the importance of building on the company's strong foundation and delivering innovative solutions [4] Strategic Vision - The rebranding is seen as a strategic evolution aimed at enhancing technical excellence and client relationships [4] - The company aims to drive sustainable growth and expand opportunities for employees under the new brand [4][5] Investment Background - OceanSound Partners, a private equity firm, has invested in GFT with the goal of transforming it into a scaled and differentiated business [6]