Welcome back to the exchange. California is one of the most populous and expensive states in the country to live in. It's facing a severe housing shortage.Today in our California economy series, Kate Rogers is back with a look at how the state's construction industry could be impacted to changes in trade and immigration policy. Kate, >> hi John. The construction sector is facing a shortage of workers nationwide.And in California, the industry has one of the highest populations of immigrant workers. Over 60% ...

LAS VEGAS, Aug. 27, 2025 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC: GTVH) today announced the completion of its governance transition following the previously disclosed Memorandum of Understanding (MOU). The Board of Directors has formally appointed Javier Leal as Chief Executive Officer, providing the Company with unified leadership, clear accountability, and the mandate to execute its growth strategy. With this transition complete, Golden Triangle Ventures is advancing a new struc ...

Key Takeaways Sterling's E-Infrastructure backlog up 44% YoY to $1.2B, driving revenue growth in mission-critical projects.Primoris' backlog rose 10% YoY to $11.49B, with $1.7B in data center work under evaluation for 2025 contracts.PRIM trades at discount to STRL, offers steady multi-year growth from data centers, renewables and utilities.Firms like Sterling Infrastructure, Inc. (STRL) and Primoris Services Corporation (PRIM) are currently gaining on the growing demand for infrastructure solutions in the U ...

Company Overview - Tutor Perini Corporation (TPC) has recently reported a significant increase in backlog, indicating strong demand for its services in the construction sector [1] - The company has demonstrated superior expertise in handling mega projects compared to its competitors, positioning it favorably in the market [1] Financial Performance - TPC's quarterly earnings per share (EPS) results exceeded expectations, contributing to a rise in the stock price [1] - The company has a history of stable financial performance, with a focus on net income generation and decent free cash flow (FCF) margins [1] Market Position - The construction industry is witnessing a competitive landscape where few companies possess the necessary skills and experience to manage large-scale projects effectively [1] - TPC's ability to secure and manage mega projects enhances its competitive edge and market share [1]

The nuclear-savvy builder's stock fell more than 25%. Can it recover?Shares of diversified construction and engineering company Fluor (FLR 1.22%) plunged 25% after it reported disappointing Q2 earnings numbers and lowered its guidance on Aug. 1.Fluor's stock had a rocky start to the year. And just when it had finally climbed out of the hole, the Q2 earnings report sent shares reeling.Can it get back on track?A rough second quarterAnalysts were expecting Q2 revenue of around $4.7 billion and per-share earnin ...

中新网8月23日电 据"市说新语"微信公众号消息，2025年，市场监管总局部署开展"守护消费"铁拳行 动，聚焦消费领域人民群众反映强烈、危害健康安全的食品非法添加、"幽灵外卖"、商标侵权等违法行 为，查办了一批违法案件，维护了消费者合法权益，着力营造安全放心的消费环境。现将部分典型案例 公布如下： 一、江西省宜春市靖安县市场监管局查处舒某清涉嫌生产经营添加他达拉非的露酒案 2025年1月，靖安县市场监管局接到投诉举报，反映宜春家园百货有限公司销售的"健豪情酒(露酒)"添 加他达拉非。经查，当事人通过其注册的贵州省仁怀市喜桥酒业有限公司，在委托贵州民族酒业(集团) 有限公司生产"健豪情酒(露酒)"过程中，添加了含有他达拉非的"枸杞含片"。经抽检，涉案露酒的他达 拉非含量为151mg/kg。至案发，涉案露酒生产经营数量为450件(100ml/瓶×5瓶/盒×6盒/件)，货值金额 193.86万元。另查明，当事人委托宜春家园百货有限公司通过淘宝销售涉案露酒的销售额为3.95万元。 当事人的行为涉嫌构成犯罪，2025年2月，靖安县市场监管局依法将案件移送公安机关。 他达拉非是处方药，非法添加可能引发饮用者过敏反应、心脑 ...

Housing starts in the US climbed in July to five-month high, led by a further pickup in the construction of multifamily projects https://t.co/PF78WErZSo ...

Core Viewpoint - Aecon Group Inc. has received regulatory approval to renew its normal course issuer bid (NCIB), allowing the company to repurchase up to 3,180,767 common shares, representing 5% of its issued shares, from August 19, 2025, to August 18, 2026 [1][2]. Group 1: NCIB Details - The NCIB allows Aecon to purchase common shares for cancellation, with a maximum of 3,180,767 shares, based on a total of 63,615,334 issued shares as of August 7, 2025 [2]. - The previous NCIB, which expires on August 18, 2025, allowed for the purchase of up to 3,126,306 shares, of which 267,700 shares were repurchased at a weighted average price of $19.2650 [3]. - Daily purchases under the NCIB will be limited to a maximum of 104,411 shares, which is 25% of the average daily trading volume over the past six months [4]. Group 2: Funding and Strategy - Aecon plans to fund the share repurchases using existing cash resources or its senior credit facility, viewing the repurchase as beneficial for shareholders [5]. - The actual number and timing of share purchases will be determined by Aecon's management, who may suspend or discontinue repurchases at any time [6]. Group 3: Automatic Securities Purchase Plan - Aecon has established an automatic securities purchase plan with a designated broker to facilitate share purchases during regulatory restrictions or trading black-out periods [7]. - The plan has been pre-cleared by the TSX and will be effective from August 19, 2025 [7]. Group 4: Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company, providing integrated solutions across various sectors including Civil, Urban Transportation, Nuclear, Utility, and Industrial [8].

The CEO Who Is Embracing Technology In Construction https://t.co/o2WpMuF8Kx https://t.co/o2WpMuF8Kx ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenues of $128 million, a 42% increase from $91 million in Q2 2024 [17] - Gross margin improved to $8 million, up 126% from a negative gross margin of $31 million in Q2 2024 [18] - The net loss for Q2 2025 was $8 million, significantly improved from a net loss of $51 million in Q2 2024 [20] - Adjusted EBITDA was nearly flat at negative $234,000 compared to negative $40 million in Q2 2024 [21] Business Line Data and Key Metrics Changes - Revenue from Chimik projects was $113 million, up 35% from $84 million in the previous year [17] - Non-core project revenue increased by 129% to $16 million, driven by a claim settlement from a large non-core loss project [18] - Gross margin on Chimik projects was $15 million, a 226% increase from $5 million in Q2 2024 [19] Market Data and Key Metrics Changes - The company’s total liquidity position at the end of Q2 2025 was $73 million, a $2 million increase from Q1 2025 [21] - The backlog at the end of Q2 2025 was $652 million, with Chimik projects representing 88% of the total backlog [21] Company Strategy and Development Direction - The company is focusing on a revamped strategy aimed at improving margins through projects aligned with core competencies and operational discipline [5][6] - A new electrical subsidiary, Axi Electric, was announced to target growth markets in industrial, advanced manufacturing, and data center construction [10][11] - The company aims to increase the share of electrical work in its backlog to 30% by 2027 from approximately 17% currently [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing improved bidding activity and operational improvements [12][13] - The company is confident in its ability to scale quickly and capitalize on favorable market conditions [13] - Management noted that the operating environment has improved, with bidding activity recovering and a strong pipeline of projects [12] Other Important Information - The company expects to achieve consolidated adjusted EBITDA between $5 million and $15 million for the full year 2025, down from initial guidance of $15 million to $25 million due to negative mix impacts [24] - The company is committed to a disciplined approach to bidding work that aligns with its strategic growth plan [22] Q&A Session Summary Question: Can you discuss the $4.5 billion pipeline and historical win rates? - The pipeline includes a mix of fixed price and negotiated contracts, with historical win rates around 15% for fixed price and 20% for negotiated contracts [30][32] Question: What are the current margins in backlog and future targets? - Current margins are improving, with a gradual increase expected as new work is won, targeting an average margin of around 14% moving forward [34][36] Question: How much non-core work is left for 2026? - There are two remaining non-core projects, with one expected to finish in Q4 2025 and the other in mid to late 2026 [38][39] Question: How is the company managing SG&A expenses? - The company aims to achieve an SG&A percentage of around 7.5% of revenue, with ongoing efforts to improve efficiency [62]