Fourth Quarter 2025 Results Include: Full Year 2025 Results Include: Please refer to "Non-GAAP Measures†and reconciliations for our non-GAAP financial measures, including, "EBITDA†and "Backlog†Southland Announces Fourth Quarter & Full Year 2025 Results Southland Announces Fourth Quarter & Full Year 2025 Results Share GRAPEVINE, Texas--(BUSINESS WIRE)--Southland Holdings, Inc. (NYSE American: SLND and SLND WS) ("Southland†), a leading provider of specialized infrastructure construction services, today an ...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the LRT-4 Webb-Zapata project by Customs and Border Protection. The approximately $495M project will be included in the company's first quarter 2026 CAP. The project scope consists of 27 miles of tactical infrastructure improvements near Laredo, Texas. This includes significant mass excavation, grading, roads, as well as fencing and cattle guards. Granite will construct seven bridges, ...

Key Takeaways MasTec is expanding infrastructure reach via acquisitions like NV2A and McKee Utility Contractors.NV2A boosts construction management strength for complex aviation and data center projects.McKee deal adds water infrastructure exposure, with $500M revenue expected from acquisitions in 2026.MasTec, Inc. (MTZ) is expanding its presence across infrastructure markets through targeted acquisitions and broader service capabilities. The company is building a platform that combines construction, engine ...

Nanterre, 18 March 2026 VINCI wins the construction of river infrastructure in France Two new lock gates to be built to secure river traffic on the RhôneSynergies between VINCI Construction and VINCI Energies€68 million contract The Compagnie Nationale du Rhône has awarded the contract to add a second set of downstream gates at the Bollène and Châteauneuf-du-Rhône locks (both in south-east France) to a consortium1 led by VINCI Construction and including VINCI Energies. The €68 million project will begin in ...

Core Insights - Shimmick Corp. reported financial results for Q4 and FY2025, highlighting a strategic focus on growing backlog and improving operational performance [3][4][25] - The company anticipates strong revenue growth in 2026, particularly in its electrical business, supported by robust bidding activity [4][25] Financial Performance - Q4 2025 revenue was $100 million, with Shimmick Projects contributing $84 million, marking a 4% year-over-year increase [5][6] - FY2025 revenue totaled $493 million, with Shimmick Projects revenue up 12% year-over-year [5][6] - Gross margin for Q4 2025 was $10 million, a significant increase of 462% year-over-year, driven entirely by Shimmick Projects [5][9] - The net loss attributable to Shimmick Corporation for Q4 2025 was $3 million, a decrease from a loss of $38 million in Q4 2024 [5][21] - Adjusted EBITDA for Q4 2025 was $4 million, marking the second consecutive quarter of positive EBITDA [5][24] Backlog and New Awards - As of January 2, 2026, the backlog stood at approximately $793 million, with a book-to-burn ratio of 1.4x, indicating a 5% increase compared to Q3 2025 [5][25] - In Q4 2025, $139 million in new work was booked, with Shimmick Projects representing over 89% of the total backlog [5][25] - An additional $128 million in new awards was added to the backlog as of February 2026, with $234 million in pending awards expected to contribute to 2026 backlog [5][25] Outlook for 2026 - The company projects consolidated revenue growth of 12% to 22% for 2026, estimating total revenue between $550 million and $600 million [25][29] - Adjusted EBITDA is expected to range from $15 million to $30 million for 2026, representing a year-over-year growth of 200% to 500% [25][29]

Core Viewpoint - HOCHTIEF has secured a significant contract valued at approximately €900 million ($1.04 billion) for the design and expansion of a 26km segment of the East Link railway near Stockholm, Sweden, marking a major infrastructure investment in the region [1][2]. Group 1: Project Details - The project, known as OL31 Vagnhärad, is part of a larger 160km double-track East Link connection between Järna and Linköping, which is considered Sweden's largest infrastructure investment in recent history [2]. - The scope of work includes the design and construction of multiple tunnels, large bridges, and a train station [2]. Group 2: Company Position and Future Projects - HOCHTIEF's CEO, Juan Santamaría, emphasized the company's capabilities as a leading infrastructure and services provider, contributing to the growth of efficient and sustainable transport infrastructure in Northern Europe [3]. - In addition to the Swedish contract, HOCHTIEF is involved in several high-speed rail projects globally, including a section of the California High-Speed Rail in the US and the Logan and Gold Coast Faster Rail project in Australia [3]. - In Germany, HOCHTIEF has a contract with Deutsche Bahn for the expansion of a 42km double-track line along the Rhine, scheduled from July to December 2026, which includes renovations and upgrades at various train stations [4].

Core Insights - Invesco Small Cap Value Fund's Q4 2025 performance exceeded the Russell 2000 Value Index, with Class A shares returning 6.79% compared to the benchmark's 3.26% [1] - The fund achieved a full-year return of 17.64%, outperforming the Russell 2000 Value Index's 12.59% [1] - The fund's management highlighted the attractiveness of small-cap value equities, noting a historical P/E discount relative to the S&P 500, indicating potential for long-term capital appreciation [1] Fund Performance - The Invesco Small Cap Value Fund reported a quarterly return of 6.79% in Q4 2025, driven by stock selection in the Information Technology sector, which contributed approximately 2.90% to relative performance [1] - For the full year, the fund generated a return of 17.64%, significantly higher than the Russell 2000 Value Index's return of 12.59% [1] Stock Highlights - MasTec, Inc. (NYSE:MTZ) was highlighted as a key stock, with a one-month return of 21.76% and a market capitalization of approximately $23.51 billion as of March 04, 2026 [2] - The stock price of MasTec, Inc. ranged between $99.70 and $310.36 over the last 52 weeks, closing at approximately $303.87 per share [2] Investment Strategy - The fund's management sold its position in MasTec, Inc. during Q4 2025 to capitalize on opportunities with greater upside potential, particularly in AI infrastructure [3] - Despite MasTec's potential, the fund's conviction lies in the belief that certain AI stocks may offer higher returns in a shorter timeframe [4]

Core Insights - MasTec reported strong fourth-quarter and full-year results for 2025, exceeding guidance for revenue, adjusted EBITDA, and adjusted earnings per share, driven by organic growth and a significant increase in backlog [4] Financial Performance - Fourth-quarter revenue reached nearly $4 billion, marking a 16% year-over-year increase, while full-year revenue totaled $14.3 billion, also up 16% [3] - Adjusted EPS for the fourth quarter was $2.07, a 44% increase from $1.44 in the same quarter last year [2] - Full-year adjusted EBITDA was $1.15 billion, reflecting a 14% increase, with a fourth-quarter adjusted EBITDA of $338 million, up 25% year over year [3][2] Backlog and Growth - The backlog increased by over $4.5 billion, or 33% year over year, with a sequential book-to-bill ratio of 1.6x [2][5] - Nearly $1 billion of data center-related work was added to the backlog in the fourth quarter, including the first turnkey data center construction management agreement [1][5] Segment Performance - Communications segment revenue grew 23% in the fourth quarter, with full-year growth of 32%, while EBITDA grew 16% in the fourth quarter and 41% for the full year [7] - Power delivery segment revenue increased 13% year over year in the fourth quarter, with a full-year growth of 16% [9] - Clean Energy and Infrastructure (CE&I) segment revenue grew 15% for the full year, with a fourth-quarter revenue of $1.3 billion, up 2% year over year [12] - Pipeline infrastructure revenue surged 50% year over year in the fourth quarter, reaching $644 million, the highest quarterly level in two years [14] Future Guidance - For 2026, management guided revenue of approximately $17 billion, reflecting about 19% growth, with adjusted EBITDA of $1.45 billion and an 8.5% margin [5][16] - The company expects operating cash flow to exceed $1 billion and anticipates strong growth in CE&I and pipeline segments [5][16] Acquisitions - MasTec highlighted two acquisitions: NV2A, a construction management services firm, and McKee Utility Contractors, which expands into water infrastructure [15]

Core Viewpoint - MasTec, Inc. reported that its fourth quarter and full year 2025 financial performance exceeded guidance in nearly all aspects, highlighting mid-teens revenue growth driven by contributions from all segments [1] Financial Performance - The company achieved mid-teens growth in revenue for both the fourth quarter and full year 2025 [1] - Financial results surpassed initial guidance expectations, indicating strong operational execution [1] Future Guidance - MasTec issued its initial guidance expectations for 2026, suggesting continued optimism for future performance [1]

Core Insights - Sterling Infrastructure, Inc. (STRL) reported strong fourth-quarter 2025 results, with adjusted earnings and revenues exceeding expectations and showing year-over-year growth [1][10]. Financial Performance - Adjusted earnings per share (EPS) reached $3.08, surpassing the Zacks Consensus Estimate of $2.66 by 15.8%, and increased from $1.73 in the same quarter last year [4]. - Revenues totaled $755.6 million, exceeding the consensus mark of $648 million by 16.4% and rising 51.5% from $498.8 million year-over-year [4]. - Adjusted EBITDA increased by 70% year-over-year to $142.1 million, with gross margin expanding by 30 basis points to 21.7%, reflecting a shift towards higher-margin services [5]. Segment Performance - E-Infrastructure Solutions generated revenues of $521 million, a significant increase from $234 million year-over-year, with adjusted operating income rising to $115.4 million from $60.3 million [6]. - Transportation Solutions reported revenues of $152.7 million, down 12.6% from $174.7 million in the previous year, but adjusted operating income grew to $18.6 million from $9.2 million [7]. - Building Solutions saw revenues decline to $81.9 million, down 9.1% from $90.1 million, with adjusted operating income falling to $8.1 million from $12.6 million [8]. Cash Flow and Debt - At the end of Q4, cash equivalents were $390.7 million, down from $664.2 million at the end of 2024, while long-term debt decreased to $275.9 million from $289.9 million [9]. Future Guidance - For 2026, Sterling projects revenues between $3.05 billion and $3.20 billion, exceeding the Zacks Consensus Estimate of $2.83 billion, with adjusted net income expected between $422 million and $441 million [12]. - Adjusted EPS is projected to be in the range of $13.45 to $14.05, higher than the previous estimate of $12.25 [12].