Strengthening Recurring Revenue Base Through Multiple Multi-Year Residential Contract Awards.SINGAPORE, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facility services provider servicing public and private sectors primarily in Singapore, today announced that its subsidiary Primech A & P Pte. Ltd. (“Primech A & P”) has successfully secured a series of new residential cleaning and waste management service contracts with a total estimated value of a ...

Washington, D.C. 20549 FORM F-1/A 1 Amendment to Registration statement as submitted to the U.S. Securities and Exchange Commission on Feb 06, 2026. This registration statement has been publicly filed with the U.S. Securities and Exchange Commission and all information herein remains strictly confidential. Registration No. 333-291005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION AMENDMENT NO. 1 TO THE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 HORIZON THREAD (PTY) LTD (Exact Name of Registra ...

Group 1 - Delays in facilities projects are particularly problematic for organizations in professional, scientific, technical services, transportation, and warehousing sectors, as well as public administration [3][4] - 95% of professional, scientific, and technical companies surveyed have experienced delays, with nearly 10% reporting all projects delayed; in transportation and warehousing, almost 15% faced the same issue [4] - Major causes of delays include late arrival of materials and equipment, regulatory approvals, and funding delays, with quality and safety issues being less significant [5] Group 2 - Utilities and information companies, such as telecommunications and broadcasting, report fewer delays, with few respondents indicating significant project delays [6] - A survey by the International Facility Management Association (IFMA) found that nearly 75% of facilities managers reported up to 40% of their projects delayed, with 16% indicating all projects were delayed [7] - Supply chain disruptions and changes in project scope are primary drivers of delays, with tariffs influencing project management decisions for nearly two-thirds of facilities managers [7]

Group 1 - Mitie Group has received a "strong-buy" rating from The Goldman Sachs Group, indicating positive growth expectations from Wall Street analysts [1] - The average rating for Mitie Group is currently "Strong Buy" based on data from MarketBeat, with two investment analysts supporting this rating [1] - The stock's recent performance shows a 50-day simple moving average of $8.65 and a 200-day simple moving average of $7.96 [2][3] Group 2 - Mitie Group has a debt-to-equity ratio of 0.75, a quick ratio of 0.93, and a current ratio of 0.94, indicating a stable financial position [2][3] - The company is a UK-based provider of integrated facilities management and professional services, offering solutions such as building maintenance, security, cleaning, and energy management [4] - Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has expanded through organic growth and strategic acquisitions [5]

Core Insights - Dexterra Group Inc. reported strong financial results for Q3 2025, with consolidated revenue of $281.2 million, an increase from $269.7 million in Q3 2024, driven by new sales and market activity, as well as acquisitions [4][3] - The company achieved an Adjusted EBITDA of $35.0 million, reflecting a 9.4% increase compared to Q3 2024, attributed to strong camp occupancy and contributions from recent investments [4][3] - Net earnings for Q3 2025 were $12.9 million, significantly higher than $7.7 million in Q3 2024, with earnings per share rising to $0.21 from $0.12 [4][3] Financial Performance - Revenue for the nine months ended September 30, 2025, reached $770.3 million, up from $755.3 million in the same period of 2024 [3] - Adjusted EBITDA for the nine months was $90.2 million, an increase of 11.8% year-over-year, with a margin of 11.7% compared to 10.7% in 2024 [3][4] - Free Cash Flow for Q3 2025 was $38.0 million, a substantial increase from $11.9 million in Q3 2024, driven by strong operational results [4][5] Operational Highlights - Support Services revenue for Q3 2025 was $233.6 million, a 6.7% increase from Q3 2024, primarily due to strong camp occupancy and the acquisition of Right Choice, which contributed $3.7 million [8][4] - Asset Based Services revenue decreased to $47.6 million, down 6.4% from Q3 2024, mainly due to lower access matting activity [12][4] - The company’s total assets increased to $752.3 million from $568.7 million year-over-year, reflecting growth from acquisitions and operational expansion [5][4] Acquisitions and Investments - Dexterra acquired a 40% stake in PVC for $83.5 million and 100% of Right Choice for $67.5 million, enhancing its facilities management capabilities [4][3] - Both acquisitions were financed through the company's credit facility, with a projected debt leverage ratio below 1.7x proforma Adjusted EBITDA by December 31, 2025 [4][15] - The investment in PVC is expected to enhance Dexterra's scale in the U.S. market, while Right Choice strengthens its position in workforce accommodation [4][3] Shareholder Returns - The company declared a dividend of $0.10 per share for Q4 2025, payable on January 15, 2026, to shareholders of record as of December 31, 2025 [4][3] - Return on equity for continuing operations was reported at 15% for the trailing twelve months ended September 30, 2025, up from 13% in 2024 [23][4]

Core Insights - Sodexo S.A. is introduced as a new investment opportunity, operating globally in contract catering, facilities management, and benefits and rewards [1] - The company has transitioned to an integrated, multi-service model, expanding its range of facility services [1] Company Overview - Sodexo S.A. operates in various sectors including contract catering and facilities management [1] - The company has adopted a broader service model over time, indicating a strategic shift towards integrated services [1] Market Position - The introduction of Sodexo S.A. highlights its relevance in the market, particularly for buy-side hedge professionals focusing on fundamental, income-oriented, long-term analysis [1]

Company Announcement - Dexterra Group Inc. plans to release its Q3 2025 results on November 4, 2025, after market close [1] - A conference call and webcast is scheduled for November 5, 2025, at 8:30 a.m. Eastern Time [1] - A presentation will be available on Dexterra's website on November 4, 2025, for review during the conference call [1] Conference Call Details - The conference call dial-in number is 1-844-763-8274 [2] - A live webcast can be accessed on Dexterra's website [2] - An archived recording of the conference call will be available approximately one hour after the call until December 5, 2025 [2] Company Overview - Dexterra employs over 9,000 people, providing support services for infrastructure management and operation across Canada and the U.S. [3] - The company offers integrated facilities management services and workforce accommodation solutions for both public and private sector clients [4]

Core Insights - WM reported strong second-quarter 2025 results, with adjusted earnings of $1.92 per share, exceeding the consensus estimate by 1.6%, and total revenues of $6.4 billion, surpassing expectations by 1.4% and increasing 19% year-over-year [1] Financial Performance - The company's effective pricing and cost control strategies are crucial for profitability, focusing on aligning price adjustments with service quality and demand while optimizing operational processes [2] - WM has consistently paid dividends since 1998, with payouts increasing from $970 million in 2021 to $1.21 billion in 2024, indicating a commitment to long-term shareholder value [3] Strategic Moves - The acquisition of Stericycle is expected to enhance WM's earnings and cash flows within a year, with anticipated annual run-rate synergies exceeding $125 million, positioning WM favorably in the medical waste industry [4] Financial Challenges - The Stericycle acquisition has increased WM's debt load, raising concerns about financial flexibility and potential impacts on shareholder returns if cash flow does not meet expectations [5] - WM's liquidity appears weak, with a current ratio of 0.86 in Q2 2025, down from 1.07 in the previous year, indicating challenges in covering short-term obligations [6]

Core Viewpoint - Dexterra Group Inc. has successfully completed the acquisition of Right Choice Camps & Catering, enhancing its capacity and growth potential in the workforce accommodations sector in Canada [1][2]. Company Overview - Dexterra employs over 9,000 people and provides a variety of support services for infrastructure management and operations across Canada and the U.S. [2]. - The company specializes in integrated facilities management services and workforce accommodation solutions for both public and private sector clients [3]. Acquisition Details - The acquisition of Right Choice Camps & Catering was finalized on August 31, 2025, and is expected to strengthen Dexterra's market position [1]. - The integration of Right Choice's operations and equipment is anticipated to contribute to long-term growth for Dexterra [2].

Financial Data and Key Metrics Changes - For FY 2025, underlying NPAT A was $279 million, a 33% increase from FY 2024, while statutory NPAT rose 82% to $149 million [5] - Underlying EBITDA increased by 25% to $474 million, with a cash conversion rate of 98% [5][22] - Pro forma revenue declined by 2.5% to $10.6 billion, reflecting a focus on revenue quality and selective tendering [18][22] - The net debt to EBITDA ratio improved to 0.9 times, down from 1.4 times in FY 2024 [5][22] Business Line Data and Key Metrics Changes - Transport segment earnings increased by 11.1% to $278 million, with an EBITDA margin of 5.2% [8] - Energy and Utilities segment earnings rose by 43.9% to $122 million, despite a revenue decrease of 7.7% to $3 billion [11] - Facilities segment revenue remained stable at $2.2 billion, with earnings increasing to $151 million and a 7% EBITDA margin [13] Market Data and Key Metrics Changes - Government funding allocated increased by almost 6% in 2025, supporting infrastructure projects [3] - The energy sector is experiencing growth driven by decarbonization and government policies promoting energy investment [12] - The Australian transport agency spend is expected to remain subdued in the short term, while New Zealand's infrastructure programs are anticipated to support demand [35][36] Company Strategy and Development Direction - The company is focused on a portfolio simplification strategy to enhance revenue quality and reduce volatility [4][7] - Future growth will be driven by organic growth within existing core markets, with selective consideration of bolt-on acquisitions [31][34] - The company aims to modernize work practices and invest in technology to improve productivity and customer experience [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 4.5% average EBITDA margin target for FY 2026, emphasizing the importance of quality revenue [42] - The outlook for FY 2026 includes expectations of flat to slightly lower underlying revenue, with a focus on maintaining margin improvements [37] - Management noted that while short-term revenue may be subdued, medium-term opportunities remain strong [41][50] Other Important Information - The company announced an on-market share buyback of up to $230 million and increased its dividend payout ratio to 60%-70% of underlying NPATA [33][32] - Safety metrics improved, with a 20% reduction in injury frequency rates [16] Q&A Session Summary Question: Can you elaborate on the flat to down revenue guidance for next year? - Management highlighted the focus on quality revenue and selective opportunities, acknowledging subdued volumes in road services and the runoff of certain contracts [39][40] Question: What is the confidence level for achieving greater than 4.5% average margin? - Management expressed confidence in achieving the margin target, citing progress in price, cost, and productivity improvements [42] Question: Will there be a cleaner year in terms of significant items next year? - Management indicated that while some legal matters may continue, the nature of significant items is expected to decrease [45][46] Question: What are the expectations for road activity in Australia? - Management noted that road maintenance needs to increase, and while volumes are currently down, there are early signs of improvement [50][51] Question: How does the $4.5 billion in preferred business status influence revenue guidance? - Management confirmed that these contracts are typically long-term and will be factored into revenue expectations [60][64] Question: What portion of FY 2026 revenue guidance is already secured? - Management indicated that typically, about 75% of revenue would be secured at this stage of the year [72] Question: What earnings benefit is expected from the cost-out program in 2026? - Management expects a significant portion of the cost savings to contribute to FY 2026 results, with ongoing cost pressures to be addressed [75][76] Question: Will there be any net cash impact from divestment activity in 2026? - Management anticipates proceeds from the sale of Keolis Downer to impact cash flow in FY 2026 [77][79] Question: What types of M&A are being considered? - Management is focused on complementary bolt-on acquisitions that enhance existing capabilities, particularly in transport and energy [80][81]