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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]
Orion Group Holdings Announces Conference Participation
Globenewswire· 2025-11-06 21:05
Core Points - 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 various regions including the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [2] Group 1 - Orion will participate in the Craig-Hallum 16th Annual Alpha Select Investor Conference on November 18, 2025, in New York City [1] - The company offers services through its marine segment, which includes construction and dredging services related to marine transportation facilities, marine pipeline construction, and environmental structures [2] - The concrete segment of the company provides turnkey concrete construction services, including site preparation, layout, forming, and rebar placement for large commercial and structural projects [2]
CEMATRIX Announces 2025 Third Quarter Financial Results
Globenewswire· 2025-11-05 22:05
Core Insights - CEMATRIX Corporation reported a record year-to-date adjusted EBITDA of $5.9 million, surpassing its previous full-year record of $4.9 million from 2023 with one quarter remaining [3][4] Financial Performance - Revenue for the third quarter was $15.3 million, a 51% increase from $10.1 million in the same quarter last year [2][5] - Year-to-date revenue reached $32.6 million, reflecting a 30% increase compared to $25.0 million last year [2][5] - Adjusted EBITDA for the quarter was $3.5 million, a 150% increase from $1.4 million in the previous year [2][5] - Year-to-date adjusted EBITDA increased to $5.9 million, a 228% rise from $1.8 million last year [2][5] Cash Flow and Investments - Cash flow from operating activities for the quarter was $3.2 million, up 146% from $1.3 million last year [4][5] - Year-to-date cash flow from operations was $5.6 million, a 229% increase from $1.7 million last year [4][5] - The company ended the quarter with a cash position of $9.9 million [4] Business Highlights - CEMATRIX announced the start of a project in North Carolina and secured new contracts worth $5.1 million and $11.9 million on July 21 and September 15, 2025, respectively [6]
CEMATRIX To Report Third Quarter 2025 Results on November 5, 2025
Globenewswire· 2025-10-29 21:05
Core Viewpoint - CEMATRIX Corporation will release its third quarter financial results for the period ending September 30, 2025, after market close on November 5, 2025, followed by a webinar to discuss these results on November 6, 2025 [1][2]. Company Overview - CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site, recognized as a leading manufacturer and supplier of cellular concrete in North America [1][3]. - The company offers cost-effective and innovative solutions to geotechnical construction challenges through its cellular concrete, which is a flowable, self-leveling, cement-based material with insulating properties [3]. Applications of Cellular Concrete - Cellular concrete is utilized in various applications including lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self-compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater/tremie fills, and shallow utility & foundation insulation [4]. Financial Health - CEMATRIX is characterized as an early-stage growth company with significant revenue, positive EBITDA, positive cash flow from operations, and a healthy balance sheet [5].