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CEMATRIX Announces $5.2 Million in New Contract Awards
Globenewswire· 2026-02-23 22:01
$12.3 Million YTD in New Contract AwardsCALGARY, Alberta, Feb. 23, 2026 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announces that it has won $5.2 million in new contract awards. New Contract Award Details: The awards are in the form of contracts and contracts in process. Some of this work ...
Orion Group Holdings to Report Fourth Quarter and Full Year 2025 Financial Results on Tuesday, March 3, 2026
Globenewswire· 2026-02-12 13:00
Core Insights - Orion Group Holdings, Inc. will release its fourth quarter and full year 2025 financial results on March 3, 2026, after market close [1] - A conference call and audio webcast for analysts and investors is scheduled for March 4, 2026, at 10:00 a.m. Eastern Time to discuss the results [2] Company Overview - Orion Group Holdings, Inc. is a leading specialty construction company that serves the infrastructure, industrial, and building sectors [3] - The company operates through two main segments: marine and concrete, providing services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [3] - The marine segment offers construction and dredging services related to marine transportation facilities, marine pipeline construction, and environmental structures, among others [3] - The concrete segment provides turnkey concrete construction services, including site preparation, layout, forming, and rebar placement for large commercial and structural projects [3]
Orion Completes Acquisition of J. E. McAmis, Strengthening Heavy Marine, Jetty and Breakwater Construction Capabilities
Globenewswire· 2026-02-04 11:59
Core Viewpoint - Orion Group Holdings, Inc. has acquired J. E. McAmis, Inc. and JEM Marine Leasing LLC for approximately $60 million, enhancing its capabilities in marine construction and positioning the company for long-term growth [1][5][9] Transaction Highlights - The acquisition includes a purchase consideration of approximately $60 million, with additional contingent consideration of $10 million based on profit from projects in backlog and 40% of profit on select near-term pursuits [5] - The deal is expected to be accretive to Orion's adjusted EBITDA and margin for 2026 [6][9] Company Background - J.E. McAmis, founded in 1973, specializes in complex marine construction projects, including jetty and breakwater construction, dredging, and environmental restoration, with a strong client base including the U.S. Department of Defense [3][13] - J.E. McAmis has a robust pipeline of opportunities valued at $1.4 billion and a portfolio of marine and real estate assets worth $34 million [3] Strategic Implications - The acquisition strengthens Orion's marine construction business by adding best-in-class capabilities and a highly skilled workforce [4][9] - It enhances Orion's equipment fleet with strategic marine assets and positions the company to capitalize on significant marine opportunities in the future [9] Financial Structure - The acquisition was funded through $46 million in cash (net of cash acquired), a $12 million subordinated promissory note, and $2 million in Orion common stock [10]
CEMATRIX Announces $7.1 Million in New Contract Awards
Globenewswire· 2026-01-19 22:02
Core Viewpoint - CEMATRIX Corporation has secured $7.1 million in new contract awards, indicating strong demand for its cellular concrete solutions and a positive outlook for 2026 [1][2]. Group 1: Contract Awards - The new contracts are primarily for geotechnical construction projects, with most work expected to be completed in 2026 [2]. - Significant early wins in contract awards reflect customer trust in CEMATRIX's capabilities [2]. - The company anticipates a busy 2026, supported by strong bidding activity and a robust sales pipeline [2]. Group 2: Company Overview - CEMATRIX is a specialty construction contractor focused on producing cellular concrete solutions on-site, which is a flowable, self-leveling, cement-based material with insulating properties [3]. - The company offers innovative and cost-effective solutions for various geotechnical construction challenges [3]. - CEMATRIX operates through subsidiaries including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company [5]. Group 3: Applications of Cellular Concrete - Cellular concrete applications include lightweight engineered fill, retaining wall fill, insulating road subbase, and various other construction needs [4][8]. - The company is involved in projects that utilize cellular concrete for load-reducing fill applications in highway improvements, retaining walls, and utilities [8]. Group 4: Financial Health - CEMATRIX is characterized as a growth company with significant revenue, positive EBITDA, and positive cash flow from operations [5]. - The company maintains a healthy balance sheet and has a strong operational team in place [5].
Orion Group Holdings Awarded $86.3 Million U.S. Army Corps of Engineers Project
Globenewswire· 2026-01-05 12:00
Core Viewpoint - Orion Group Holdings, Inc. has been awarded an $86.3 million project by the U.S. Army Corps of Engineers, focusing on shoreline protection and infrastructure development in Texas [1][2]. Project Details - The project involves constructing new breakwaters and replenishing shorelines with approximately one million cubic yards of beach-quality dredged materials along the Texas coastline at the mouth of the Colorado River [3]. - The initiative aims to stabilize the shoreline, mitigate erosive forces, and prevent land loss, while also enhancing public access to the ocean [3]. - The project is expected to commence in the first quarter of 2026 [3]. Company Overview - Orion Group Holdings, Inc. is a leading specialty construction company that operates in the infrastructure, industrial, and building sectors, providing services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [4]. - The company's marine segment offers construction and dredging services related to marine transportation, environmental structures, and dredging of waterways, while its concrete segment provides comprehensive concrete construction services [4].
Orion Group Holdings Positions for Growth with Closing of $120 Million Refinancing Transaction
Globenewswire· 2025-12-29 12:00
Core Viewpoint - Orion Group Holdings, Inc. has secured a new five-year $120 million Senior Credit Facility with UMB Bank, enhancing its financial flexibility and supporting its growth strategy [1][2]. Financial Details - The new Credit Facility consists of a $60 million revolving line of credit, a $20 million equipment term loan facility, and a $40 million acquisition term loan facility, with an additional $25 million uncommitted accordion for future growth [4]. - The facility refinances the previous $88 million credit agreement, which was set to mature in May 2028, and offers a reduced interest rate of SOFR plus 2.5% to 3.0%, a decrease of approximately 225 basis points compared to the prior agreement [4]. Strategic Implications - The refinancing is viewed as a key milestone in the company's growth strategy, providing expanded liquidity and greater borrowing capacity at a lower overall cost of capital [2]. - The proceeds from the new facility will be used to repay $23 million in outstanding borrowings under the previous facility and for general corporate purposes [4]. Company Overview - Orion Group Holdings is a leading specialty construction company serving various sectors, including infrastructure, industrial, and building, with operations in the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [5]. - The company provides marine construction and dredging services, as well as turnkey concrete construction services for large commercial and structural projects [5].
Is Primoris Services Stock a Buy After Investment Firm Informed Momentum Initiated a Big Position?
The Motley Fool· 2025-12-21 07:38
Company Overview - Primoris Services Corporation is a leading specialty contractor in the engineering and construction sector, focusing on utilities, energy, and pipeline services [7] - The company reported trailing twelve-month revenue of $7.46 billion and net income of $277.14 million as of September 30, 2025 [5][10] - Primoris offers a range of services including construction, fabrication, maintenance, replacement, and engineering across various segments [10] Investment Activity - Informed Momentum Co LLC initiated a new position in Primoris Services Corporation, acquiring 67,981 shares valued at $9.18 million, representing 1.05% of the fund's total reportable assets under management (AUM) of $872.25 million [2][3] - This new position made Primoris the fourth largest holding among Informed Momentum's 254 equities [11] Market Performance - As of November 14, 2025, Primoris shares were priced at $118.04, reflecting a 50.2% increase over the past year, significantly outperforming the S&P 500 by 37.14 percentage points [3][5] - The company experienced a substantial revenue increase of 32% year-over-year in the third quarter, reaching $2.2 billion [12] Industry Context - Primoris is benefiting from the growing demand for infrastructure projects, particularly those aimed at expanding U.S. data center capacity to support artificial intelligence [12][13] - The AI industry is anticipated to undergo significant expansion, which could lead to continued sales growth for Primoris [13]
CEMATRIX Announces $6.9 Million in New Contract Awards
Globenewswire· 2025-12-15 22:01
CALGARY, Alberta, Dec. 15, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announces that it has won $6.9 million in new contract awards. New Contract Award Details: The awards are in the form of contracts and contracts in process. Most of the work related to these awards will be complete ...
CEMATRIX Announces $6.9 Million in New Contract Awards
Globenewswire· 2025-12-15 22:01
$50.5 Million in New Contract Awards for the yearCALGARY, Alberta, Dec. 15, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announces that it has won $6.9 million in new contract awards. New Contract Award Details: The awards are in the form of contracts and contracts in process. Most of ...
Orion Group Holdings to Participate in the Roth Capital Partners 14th Annual Deer Valley Event
Globenewswire· 2025-12-08 21:10
Group 1 - Orion Group Holdings, Inc. is a leading specialty construction company focused on infrastructure, industrial, and building sectors [2] - The company provides services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [2] - Orion's marine segment offers construction and dredging services related to marine transportation facilities, marine pipeline construction, and environmental structures [2] - The concrete segment delivers turnkey concrete construction services, including site preparation, layout, forming, and rebar placement for large commercial projects [2] - The company is headquartered in Houston, Texas, with regional offices throughout its operating areas [2] Group 2 - Orion management will participate in the Roth Capital Partners 14th Annual Deer Valley Event, engaging in one-on-one meetings on December 11, 2025 [1]