Specialty Construction

Search documents
CEMATRIX Announces Start of North Carolina Project
Globenewswire· 2025-07-09 21:00
Core Insights - CEMATRIX Corporation has commenced a significant project in North Carolina, marking a key milestone for the company [2][5] - The project involves the installation of cellular concrete, which is expected to take approximately 12 months to complete, subject to adjustments based on contractor requirements [2][5] Company Overview - CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site, offering cost-effective and innovative solutions for geotechnical construction challenges [3][5] - The company operates through subsidiaries including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company [5] Product Applications - Cellular concrete has various applications, including lightweight engineered fill, retaining wall fill, insulating road subbase, and underwater fills [4]
Orion Group Holdings to Report Second Quarter 2025 Financial Results on Tuesday, July 29
GlobeNewswire News Room· 2025-07-09 11:00
HOUSTON, July 09, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today announced that it will issue its second quarter 2025 financial results after the close of the stock market on Tuesday, July 29, 2025. A conference call and audio webcast with analysts and investors will be held the next day, Wednesday, July 30 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. About Orion Group Holdings, Inc. Orion Grou ...
Orion Group Holdings Awarded $100 Million in New Contracts
Globenewswire· 2025-06-19 11:00
Chief Executive Officer and General Counsel honored with executive leadership awardsHOUSTON, June 19, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, today announced new Marine and Concrete awards for a total value of approximately $100 million. In addition, Orion’s Chief Executive Officer and General Counsel were honored with executive leadership awards. Management Commentary “We are proud to be recognized with new contra ...
Orion Group Holdings Announces CFO Transition
Globenewswire· 2025-06-10 11:00
Core Points - Alison Vasquez has been appointed as the new Chief Financial Officer (CFO) of Orion Group Holdings, effective June 23, 2025, succeeding Scott Thanisch who will remain in an advisory role until July 1, 2025 [2][4] - The company has reiterated its full year 2025 guidance, projecting revenue between $800 million and $850 million, and Adjusted EBITDA in the range of $42 million to $46 million [3][4] Company Overview - Orion Group Holdings 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 [6][7] - The company’s marine segment offers construction and dredging services related to marine transportation facility construction, marine pipeline construction, and environmental structures, while its concrete segment provides turnkey concrete construction services [6] Leadership Insights - Travis Boone, the President and CEO, expressed excitement about Vasquez joining the executive leadership team, highlighting her extensive experience in finance, accounting, and investor relations as a strong fit for the company's growth and profitability goals [4][5] - Vasquez has over 25 years of experience in public companies, previously serving as Senior Vice President and Chief Accounting Officer at KBR, Inc., and has held various leadership roles in finance and auditing [4][5]
Orion Group Holdings Announces Dual Listing
Globenewswire· 2025-05-28 11:00
Core Viewpoint - Orion Group Holdings, Inc. has announced the dual listing of its common stock on NYSE Texas, maintaining its primary listing on the New York Stock Exchange with the same ticker symbol "ORN" [1] Group 1: Company Overview - Orion Group Holdings is a leading specialty construction company serving the infrastructure, industrial, and building sectors [3] - The company provides services both on and off the water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [3] - Orion's marine segment offers construction and dredging services related to marine transportation facility construction, marine pipeline construction, and environmental dredging [3] - The concrete segment provides turnkey concrete construction services for large commercial and structural projects [3] Group 2: Leadership Commentary - The CEO of Orion expressed pride in being among the founding members listed on NYSE Texas, highlighting the company's long-standing roots in Texas and its alignment with pro-growth values [2] - The Chief Development Officer of the NYSE Group welcomed Orion to NYSE Texas, emphasizing the state's business-friendly climate as a compelling platform for forward-looking companies [2]
CEMATRIX Announces $5.7 Million in New Contract Awards
Globenewswire· 2025-05-21 21:00
Core Viewpoint - CEMATRIX Corporation has secured $5.7 million in new contract awards, enhancing its backlog and reflecting a strong start to the year for its sales teams [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 complex geotechnical construction challenges, utilizing a flowable, self-leveling, cement-based material with insulating properties [3]. Contract Award Details - The recent contract awards are expected to bolster the company's backlog and are indicative of customer confidence in CEMATRIX's ability to deliver quality solutions for geotechnical construction needs [2]. - The new contracts include a significant project for tunnel grouting applications, along with several small to mid-sized projects for lightweight fill applications in Canada and the US [8]. Financial Health - CEMATRIX is characterized as an early-stage growth company with significant revenue, positive EBITDA, and positive cash flow from operations, supported by a healthy balance sheet [5].
CEMATRIX Announces 2025 First Quarter Financial Results
Globenewswire· 2025-05-07 21:05
CALGARY, Alberta, May 07, 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 announced the release of its consolidated financial results for the quarter ended March 31, 2025. “Our first quarter revenues were $6.6 million versus $8.4 million last year. This level of activity was consistent wit ...
CEMATRIX To Report First Quarter 2025 Results on May 7, 2025 Earnings Webinar Scheduled for 1:00 p.m. ET, May 8, 2025
Globenewswire· 2025-04-30 12:30
CALGARY, Alberta, April 30, 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 today announced that it will release its consolidated financial results for the first quarter ended March 31, 2025, after the market closes on May 7, 2025. Management will host a webinar at 1:00 p.m. ET on Thursday ...
Orion Group Holdings Reports First Quarter 2025 Results
Globenewswire· 2025-04-29 20:19
Core Insights - Orion Group Holdings, Inc. reported a strong start to 2025 with a 17% year-over-year increase in revenue to $189 million and a doubling of Adjusted EBITDA, reflecting the effectiveness of its operating model and strategic execution [4][6][9] - The company secured $349 million in new contract awards year-to-date, indicating robust demand in its markets, particularly in Marine and Concrete segments [5][9] - Orion maintains its full-year 2025 revenue guidance of $800 million to $850 million and Adjusted EBITDA guidance of $42 million to $46 million, while preparing for transformational growth in 2026 and beyond [5][9] Financial Performance - Contract revenues for Q1 2025 were $188.7 million, up $28 million or 17.4% from $160.7 million in Q1 2024, driven by large marine construction contracts and new concrete projects [6][9] - Gross profit increased to $23 million, representing 12.2% of revenue, compared to $15.5 million or 9.7% of revenue in Q1 2024, primarily due to improved indirect expenses in the marine segment [7][9] - Selling, general and administrative expenses rose to $22.5 million, up from $19 million in Q1 2024, reflecting increased incentive compensation and other operational costs [8][9] Adjusted Metrics - The company reported a GAAP net loss of $1.4 million or $0.04 per diluted share, an improvement from a net loss of $6.1 million or $0.19 per diluted share in the prior year [9][10] - Adjusted net income for Q1 2025 was $0.3 million or $0.01 per diluted share, compared to an adjusted net loss of $3.6 million or $0.11 per diluted share in Q1 2024 [9][10] - Adjusted EBITDA for the first quarter increased by 100.4% to $8.2 million, with an Adjusted EBITDA margin of 4.3%, compared to 2.5% in the prior year [11][9] Backlog and Future Contracts - Total backlog as of March 31, 2025, was $839.7 million, up from $729.1 million at the end of 2024 and $756.6 million a year earlier, indicating strong future revenue potential [12][9] - Recent contract wins post-quarter end totaled $51.2 million, further enhancing the company's project pipeline [13][9] Balance Sheet Overview - As of March 31, 2025, current assets were $267 million, with unrestricted cash and cash equivalents of $13 million, and total debt outstanding was $23.3 million [14][9] - The company had no outstanding borrowings under its revolving credit facility at the end of the quarter, indicating a strong liquidity position [14][9]
MDU Resources Group (MDU) 2024 Investor Day Transcript
2024-03-13 16:00
MDU Resources Group (MDU) 2024 Investor Day March 13, 2024 11:00 AM ET Speaker0 All right. I think we'll go ahead and get started doing a mic check. Can everyone hear me? All right. Perfect. Okay. I want to welcome everyone to in the room as well as those joining via webcast to MD Resources Investor Day, and certainly thank you for your interest in our company. It truly is an exciting time for our company as we continue transforming our business. Before getting started, I'd like to take a few minutes to int ...