Construction services
Search documents
Bird Construction Inc. Announces Release Date and Conference Call for 2025 Fourth Quarter and Annual Financial Results
Globenewswire· 2026-02-05 22:05
Core Viewpoint - Bird Construction Inc. is set to release its 2025 fourth quarter and annual financial results on March 11, 2026, after market close, followed by a conference call on March 12, 2026, at 10:00 a.m. (ET) [1] Company Information - Bird Construction Inc. operates as a leading Canadian construction and maintenance company, providing a comprehensive range of services across all major markets in Canada [3] - The company has over 105 years of experience and emphasizes a safety-first approach, aiming to deliver long-term value for all stakeholders [3]
Public–private partnership (PPP) contracts in Lithuania (Rudninkai defence campus)
Globenewswire· 2026-01-15 07:59
Group 1 - UAB Merko Statyba signed two public-private partnership contracts with the Lithuanian Ministry of Defence for the design and construction of Parts B and C of the Rūdninkai Defence Force Campus [1] - The project includes infrastructure such as outdoor engineering networks, roads, training areas, administrative buildings, storage, repair and sports facilities [2] - The total nominal value of Part B is approximately EUR 325 million, while Part C is approximately EUR 375 million, both excluding VAT [4] Group 2 - The contract price will be paid in annuity payments over a period not exceeding 13.5 years, covering management, maintenance, and financial costs [3] - UAB Merko Statyba is a recognized Lithuanian construction company involved in general construction, civil engineering, and residential construction [5] - As of the end of 2024, AS Merko Ehitus group employed 605 people and reported a revenue of EUR 539 million [5]
Eastern International Ltd. Completed Two Major Offshore Wind Power Projects and Secured an Additional Large-Scale Offshore Transportation Contract for Yangjiang Project
Prnewswire· 2026-01-14 13:30
Core Viewpoint - Eastern International Ltd. has successfully completed two significant offshore wind farm projects in Jiangsu, showcasing its capabilities in managing complex logistics for renewable energy infrastructure [1][2]. Group 1: Project Completion - The company completed the Jiangsu Yancheng Three Gorges Fenghai Dafeng Offshore Wind Farm Project and Jiangsu Guoxin Dafeng Offshore Wind Farm Project, with a total installed capacity exceeding 1.6 million kilowatts [1]. - The total contract value for these two projects is more than RMB 49 million (approximately US$7.07 million) [1]. Group 2: New Contracts - Suzhou TC-Link, a wholly owned subsidiary of Eastern International, secured a large-scale offshore transportation contract with Guangdong Goldwind for the "Yangjiang Project," which includes road transportation, loading and unloading at port, sea transportation, and related services [2]. - The contract also involves road modifications for oversize and overweight cargos, indicating the complexity of the logistics required for the project [2]. Group 3: Industry Insights - The COO of Eastern International emphasized the importance of offshore wind power in clean energy development, highlighting the logistical challenges due to the oversized dimensions and excessive weight of wind power equipment [3]. - The collaboration with Guangdong Goldwind is seen as a strategic integration of manufacturing and logistics capabilities, enhancing efficiency in offshore wind power project logistics [3]. Group 4: Company Overview - Eastern International Ltd. is a holding company incorporated in the Cayman Islands, providing domestic and cross-border professional logistic and construction services [4]. - The company operates through its subsidiaries, including Suzhou TC-Link, and has a network covering key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [4].
Recognition as the best bidder in Lithuania (Rudninkai defense campus)
Globenewswire· 2026-01-14 08:43
Group 1 - The Lithuanian Ministry of Defence has recognized UAB Merko Statyba as the best bidder for parts B and C of the public procurement for the Rūdninkai Defence Force Campus infrastructure development through a public-private partnership [1] - The recognition will lead to the signing of contracts, which will be announced in a separate stock exchange announcement [1] Group 2 - UAB Merko Statyba is a well-known Lithuanian construction company that provides services in general construction, civil engineering, and residential construction [2] - AS Merko Ehitus, the parent group of UAB Merko Statyba, operates in Estonia, Latvia, and Lithuania, focusing on constructing buildings, infrastructure, and real estate development [2] - As of the end of 2024, the group employed 605 people and reported a revenue of EUR 539 million for that year [2]
PSU stocks ONGC, NBCC & SAIL will be in focus on Tuesday
BusinessLine· 2026-01-06 02:24
Group 1: NBCC (India) Ltd - NBCC (India) Ltd secured two significant contracts in Odisha totaling ₹134.05 crore, excluding GST [1] - The first contract is for construction, repair, and renovation under PM-USHA at Maharaja Sriram Chandra Bhanja Deo University, valued at ₹45.87 crore [1] - The second contract involves civil works implementation for the Godabarisha Mishra Adarsha Prathamika Vidyalaya Scheme, valued at ₹88.18 crore [1] Group 2: Oil and Natural Gas Corporation Ltd (ONGC) - ONGC signed Joint Venture Agreements with Mitsui O.S.K. Lines Ltd. to subscribe to equity shares in two joint venture entities, Bharat Ethane One IFSC Pvt Ltd and Bharat Ethane Two IFSC Pvt Ltd [2] - ONGC will subscribe to 200,000 equity shares at ₹100 per share in each joint venture, resulting in a 50% equity stake in both entities [2] Group 3: Steel Authority of India Ltd (SAIL) - SAIL reported a 37% year-on-year growth in sales, reaching 2.1 million tonnes in December 2025, compared to 1.5 million tonnes in December 2024 [3] - This performance marks the best ever showing for the month of December, with significant inventory reduction and a strong focus on customer deliveries [3]
5 Cash-Rich Companies With Rock-Solid Balance Sheets and Rising Dividends
The Smart Investor· 2026-01-05 09:30
Core Insights - The article emphasizes the importance of strong cash positions for companies in today's volatile economic climate, highlighting five companies with robust cash balances [1]. Group 1: Characteristics of Cash-Rich Companies - A cash-rich company should have a net cash position, allowing it to maintain dividend payments during downturns and reduce financial risk [2]. - Companies with predictable business models and recurring income streams are typically better positioned financially [3]. - Prudent capital allocation, disciplined cost management, and conservative leverage ratios are essential for maintaining a strong cash position [3]. Group 2: Company Summaries - **Sheng Siong Group Ltd (SGX: OV8)**: Achieved a free cash flow (FCF) CAGR of 18.3% over the last decade, with a current FCF of S$221.9 million. It has a net cash position of S$393.7 million and an annualized dividend yield of 2.4% [4][5][6]. - **Wee Hur Holdings Ltd (SGX: E3B)**: Secured S$439.4 million in HDB construction contracts, with a net cash balance of S$99.1 million. The company has a dividend yield of approximately 1.4% [7][8][9]. - **PropNex Ltd (SGX: OYY)**: A leading real estate service company with zero debt and a cash position of S$136.8 million. It has an average FCF of S$54.1 million and a dividend yield of 4.2% [10][11][12]. - **Raffles Medical Group Ltd (SGX: BSL)**: A healthcare provider with a net cash position of S$283 million and an average FCF of S$118.3 million. The latest dividend yield is approximately 2.5% [13][14][15]. - **Riverstone Holdings Ltd (SGX: AP4)**: Generates an average FCF of RM 540 million, with a net cash position of RM$660.9 million. The company has a dividend yield of 4.7% [16][17]. Group 3: Investment Outlook - The five highlighted companies exhibit strong balance sheets and consistent dividend payments, making them attractive for income investors seeking reliable dividends and potential growth [18].
Comment on the Verslo Žinios article in Lithuania (Rudninkai Polygon Public Procurement)
Globenewswire· 2025-12-12 10:00
Group 1 - UAB Merko Statyba, part of AS Merko Ehitus, has submitted the best bid for parts B and C in the public procurement for the development of military infrastructure at the Rūdninkai polygon through a public-private partnership [1] - The Lithuanian Ministry of Defence has not yet officially published the decision on the selection of the best bidders or proposed contract conclusions, but is in the final verification process and expects to reach the contract conclusion phase within this year [2] - AS Merko Ehitus will announce the conclusion of partnership and construction agreements through the stock exchange [3] Group 2 - UAB Merko Statyba is a recognized Lithuanian construction company providing services in general construction, civil engineering, and residential construction [3] - AS Merko Ehitus operates in Estonia, Latvia, and Lithuania, employing 605 people and generating revenue of EUR 539 million for the year 2024 [3]
Raleigh construction firm Cardinal Infrastructure raises about $241.5 million in US IPO
Reuters· 2025-12-10 01:30
Group 1 - Cardinal Infrastructure Group has successfully raised approximately $241.5 million in its initial public offering in the United States [1]
Bird Announces Development Phase Agreement for Peel Memorial Hospital Phase 2 Redevelopment
Globenewswire· 2025-10-27 12:18
Core Points - Bird Construction Inc. has entered into a Development Phase Agreement (DPA) with Infrastructure Ontario and William Osler Health System for the Peel Memorial Hospital Phase 2 Redevelopment project [1][2] - This agreement follows Bird's selection as the Preferred Proponent, marking the start of the Development Phase where Bird will collaborate closely with Osler and IO on project design, schedule, pricing, and risk management [2] - The DPA reflects Bird's extensive experience in delivering complex healthcare infrastructure across Canada, emphasizing a progressive contracting model that enhances early engagement and informed decision-making [3] Company Overview - Bird Construction is a leading Canadian construction and maintenance company with operations across Canada, providing a comprehensive range of construction services and innovative solutions [4] - The company has a strong commitment to safety and high service levels, aiming to deliver long-term value for all stakeholders [4]
Bird Construction Inc. Announces Release Date and Conference Call for 2025 Third Quarter Financial Results
Globenewswire· 2025-10-09 21:05
Core Points - Bird Construction Inc. will release its 2025 third quarter financial results on November 12, 2025, after market close [1] - A conference call and live webcast to discuss the results will take place on November 13, 2025, at 10:00 a.m. (ET) [1] - The call will be hosted by Teri McKibbon, President and CEO, and Wayne Gingrich, CFO [1] Registration and Access - Participants can register for expedited access to the conference call through a provided link [2] - Upon registration, participants will receive dial-in information and a unique PIN, along with an email confirmation [2] - The live webcast will be available at a specified URL, and related financial documents will be accessible after market close on November 12, 2025 [2] Company Overview - Bird Construction is a leading Canadian construction and maintenance company operating nationwide [3] - The company offers a comprehensive range of construction services and innovative solutions across industrial, buildings, and infrastructure markets [3] - Bird has a history of over 100 years, emphasizing a safety-first approach and a commitment to providing long-term value for stakeholders [3]