WEST PALM BEACH, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) will host a conference call to discuss fiscal 2026 second quarter results on Wednesday, August 20, 2025, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register-conf.media-server.com/register/BIc69c53d3a6cb413c8ae7e2c57286bb9d. Upon registration, particip ...

Core Viewpoint - FLINT Corp. is initiating a recapitalization transaction aimed at significantly reducing debt and annual interest costs, simplifying its capital structure, and improving liquidity, ultimately positioning the company for future growth opportunities [1][5][10] Recapitalization Details - The recapitalization will be executed through a plan of arrangement under the Business Corporations Act (Alberta), involving the exchange of $135,335,053 in senior secured debentures for new common shares, which will represent approximately 90% of the total shares post-recapitalization [3][6] - Existing preferred shares will be extinguished, and holders will receive new common shares representing about 7.5% of the total shares post-recapitalization [3][6] - A share consolidation will occur at a ratio of one post-consolidation common share for every 40 pre-consolidation shares, resulting in existing common shareholders retaining approximately 2.5% of the total shares post-recapitalization [3][6] - Total debt will be reduced by approximately C$135,335,053, and annual cash interest expense will decrease by about C$10,826,804 [3][6] Stakeholder Support - Canso Investment Counsel Ltd., the largest shareholder and primary lender, has entered into a support agreement to vote in favor of the recapitalization [4][10] - Directors holding common and preferred shares have also agreed to vote in favor, representing approximately 6.9% of the issued common shares [4][12] Financial Advisory and Fairness Opinion - ATB Capital Markets has been engaged as a financial advisor, determining that the recapitalization is the most viable option for reducing debt and enabling growth [8] - Origin Merchant Partners has provided a fairness opinion to the Independent Committee, stating that the recapitalization is fair from a financial perspective for common and preferred shareholders [9][10] Required Approvals - The recapitalization requires approval from securityholders at separate meetings, with at least two-thirds of votes needed from each class of securityholders [13][15] - Regulatory approvals, including from the TSX and the Court of King's Bench of Alberta, are also necessary for the implementation of the recapitalization [15][14]

Core Insights - BCP has agreed to sell its stake in Brown & Root Industrial Services, a provider of specialty industrial services, while KBR, Inc. will retain a significant stake in the company [1][2]. Company Overview - Brown & Root Industrial Services has nearly 100 years of experience in the industrial services sector, serving blue-chip customers across various segments including chemicals, energy, manufacturing, and government [2][6]. - The company has over 10,000 employees and operates 22 locations across the U.S., Mexico, and Canada [2]. Partnership and Growth - The partnership between BCP and Brown & Root Industrial Services has been pivotal in the company's growth over the past decade, enhancing its reputation and capabilities [3]. - BCP's investment strategy focuses on supporting world-class management teams and executing shared growth visions, which has positioned Brown & Root as a leading industrial services provider in North America [3]. Transaction Details - The transaction is expected to be completed in late Q3 or early Q4 of 2025, pending customary closing conditions and approvals [3]. Financial Advisory - Houlihan Lokey is acting as the financial advisor, while Kirkland & Ellis LLP serves as the legal advisor to BCP in this transaction [4]. BCP Overview - BCP is a private equity management firm established in 2013, with over $5 billion in assets under management, focusing on creating sustainable value in services and infrastructure businesses [5].

Core Viewpoint - Founder Group Limited reassures investors that it will not be affected by the proposed wind down of solar power tax credits by the U.S. Senate panel by 2028, as its operations are primarily in Malaysia and not in the U.S. [1][2] Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, focusing on large-scale solar projects and commercial and industrial (C&I) solar projects [3]. - The company's mission includes providing innovative solar installation services, promoting eco-friendly resources, and achieving carbon neutrality [3]. Market Position - The CEO of Founder Group Limited, Lee Seng Chi, stated that the company generates most of its revenue from the Malaysian market and is not impacted by U.S. tax policy changes [2]. - The company plans to focus on regional expansion in Southeast Asia and does not have current plans to expand into the U.S. market [2].

Core Insights - Caterpillar (CAT) has announced a 7% increase in its quarterly dividend to $1.51 per share, marking the 31st consecutive year of dividend increases, demonstrating resilience amid near-term challenges [1][3][11] Dividend Performance - The annualized dividend of $6.04 results in a yield of 1.69%, which exceeds the manufacturing - construction and mining industry's yield of 1.58%, the sector's yield of 1.47%, and the S&P 500's yield of 1.24% [2] - Caterpillar's payout ratio stands at 26.91%, higher than the industry's 23.61% [2] Financial Context - The dividend increase follows a weaker-than-expected first-quarter 2025 performance, with declines in both revenues and earnings due to softer volumes [3] - Despite the challenges, the increase reflects management's confidence in the company's long-term cash-generating capacity [3][7] Historical Dividend Trends - Caterpillar has consistently paid cash dividends since its formation and has been a member of the S&P 500 Dividend Aristocrats Index since 2019 [4] - Over the past five years, the company's dividend has grown at approximately 8%, supported by nearly doubling its free cash flow [5] Shareholder Returns - In 2024, Caterpillar returned around $10.3 billion to shareholders through dividends and share repurchases, with an additional $4.3 billion returned in the first quarter of 2025 [5][11] - The company aims to return substantially all Machinery, Energy & Transportation (ME&T) free cash flow to shareholders over time [6] Market Position and Outlook - The recent dividend hike enhances investor confidence in Caterpillar's long-term growth outlook, supported by ongoing technological innovation and expected recovery in end-market demand [7] - Caterpillar's stock has experienced a decline of 1.6% year-to-date, compared to the industry's 1.1% growth and the S&P 500's gain of 1.5% [12] Valuation Metrics - Caterpillar is currently trading at a forward 12-month price/earnings (P/E) ratio of 18.04X, below the industry average of 19.86X [13] - The Zacks Consensus Estimate indicates a year-over-year decline of 14.6% in earnings for 2025, with a revenue drop of 2.4% expected [14]

Core Viewpoint - Founder Group Limited has secured additional contracts in the solar photovoltaic (PV) sector, enhancing its operational capabilities and revenue growth in Malaysia [1][6]. Contract Details - The company secured a contract worth RM3.4 million (approximately US$806,193) for a 29.99 megawatt (MWac) large-scale solar photovoltaic plant in Bukit Badong, Selangor, focusing on mechanical and wiring responsibilities [2]. - An additional contract valued at RM2.8 million (approximately US$662,452) was obtained from the same business partner involved in a previous solar PV project [3]. Industry Partnerships - The partnerships with prominent solar installation companies are expected to lead to further contracts in the coming years, indicating a strong collaborative relationship within the industry [4]. - Founder Group aims to build solid relationships with leading companies in the renewable energy sector, aligning with Malaysia's renewable energy goals [6]. Company Overview - Founder Group Limited specializes in end-to-end engineering, procurement, construction, and commissioning (EPCC) solutions for solar PV facilities, focusing on large-scale and commercial solar projects [7]. - The company's mission includes promoting eco-friendly resources and achieving carbon neutrality [7].

Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries across the United States [2] - The services offered by Dycom include program management, planning, engineering and design, aerial, underground, and wireless construction, maintenance, and fulfillment services for telecommunications providers [2] - Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, as well as construction and maintenance services for electric and gas utilities [2] Recent Developments - Dycom Industries announced its participation in the KeyBanc Industrial & Basic Materials Conference in Boston, MA on May 28, 2025, where senior management will engage in one-on-one and group meetings with investors [1]

Core Points - Dycom Industries, Inc. will host a conference call to discuss its fiscal 2026 first quarter results on May 21, 2025, at 9:00 a.m. ET [1] - A press release with the results will be issued earlier that morning [1] Participation Details - Interested parties can register for the question and answer session of the conference call at a provided link, receiving a dial-in number and unique PIN upon registration [2] - Participants are encouraged to join approximately ten minutes before the scheduled start time [2] Access Information - A live listen-only audio webcast of the call, along with a slide presentation, will be available at a specified link [3] - A replay of the live webcast and related materials will be accessible on the Company's Investor Center website for approximately 120 days following the event [3] Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries in the United States [4] - Services offered include program management, planning, engineering and design, construction, maintenance, and fulfillment services for telecommunications providers [4] - The company also provides underground facility locating services for various utilities, including telecommunications, as well as construction and maintenance services for electric and gas utilities [4]