reports
Fluor-led Joint Venture Breaks Ground on Phase 1 of I-35 NEX South Pro...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that its joint venture with Austin Bridge & Road – Lone Star Constructors, NEX – has broken ground on Phase 1 of the Interstate 35 (I-35) Northeast Expansion (NEX) South project in San Antonio, Texas, for the Texas Department of Transportation (TxDOT). Fluor was awarded the $700 million design-build project in the second quarter of 2023. This press release features multimedia. View the full release here: (From left to right): Charles Benavidez, TxDOT San Antonio District Engineer; Barbara Gervin-Hawkins, State Representative for Te...
Fluor Opens Second Office in India to Increase Execution Capacity
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that it has opened a new office in Vadodara, India, to support growth of its global project execution. Fluor senior management and personnel gathered today at the new location, at the Notus IT Park, to commemorate the event. Fluor has maintained a presence in India since 1995 and currently has approximately 1,600 personnel at its office in New Delhi. This press release features multimedia. View the full release here: (left to right): Satheesh Pillai, Fluor India General Manager; Gary Moseley, Vice President Finance; Rajesh Desai, S...
Granite CFO Announces Planned Retirement Date, Successor CFO Named
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) Chief Financial Officer (CFO) Lisa Curtis announced that she will retire on September 16, 2024, and Granite has named Staci Woolsey, current Granite Chief Accounting Officer (CAO), to succeed Lisa Curtis at that time. “Lisa stepped into her current role in January 2021,” stated Granite President and CEO Kyle Larkin. “The company and I are grateful for Lisa’s many contributions. Lisa’s perspective and leadership has been invaluable as we have transformed our company over the last three years,” added Kyle Larkin. Staci Woolsey, senior vice p...
Aecom : 1 director
A director at Aecom sold 7,179 shares at 93.510USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...
Granite Secures Contract for Infrastructure Project Near Ontario Inter...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded a $25 million contract by McDonald Property Group to retrofit offsite infrastructure at the east end of the runway of the Ontario International Airport. The project was included in Granite’s first-quarter CAP. This retrofit will accommodate the construction of nine logistics buildings, totaling 4,263,000 square feet. Granite will be responsible for upsizing and retrofitting domestic water, sanitary sewer, and storm drainage systems. The project also includes the new construction of a reclaimed waterline, fire service lines, ...
- Simen Mortensen
Skanska (Buy, TP: SEK230.00) - Q1 miss, but underlying solid
Q1 EBIT missed Infront consensus and our forecast, mainly due to a couple of one-off charges. Order intake was broadly as we expected, but sales and starts in Residential Development (RD) beat our forecasts despite Boklok still struggling with profitability. However, given market expectations of falling interest rates, we expect divestments of commercial assets to increase. We have cut our 2024e EPS by c5% on the Q1 writedowns, but raised our 2024–2026e EPS on an improved residential outlook. Wi...
- ABGSC Construct. & Real Estate Research
- Fredrik Stensved
- Markus Henriksson
- Viktor Stenlöf
Granite Expands Presence in Inland Empire, California
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced the opening of its new office in Ontario, California. This strategic move marks Granite's commitment to serving the Inland Empire and further solidifying its position in the market. Located in the heart of the Inland Empire, Granite’s Ontario office will serve as a hub for Granite's operations in the region. With this expansion, Granite aims to enhance its local presence, foster stronger relationships with clients, and contribute to the region's growth. Infrastructure Connection: The Inland Empire is a vital corridor connecting ...
Granite Expands Presence in Inland Empire, California
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced the opening of its new office in Ontario, California. This strategic move marks Granite's commitment to serving the Inland Empire and further solidifying its position in the market. Located in the heart of the Inland Empire, Granite’s Ontario office will serve as a hub for Granite's operations in the region. With this expansion, Granite aims to enhance its local presence, foster stronger relationships with clients, and contribute to the region's growth. Infrastructure Connection: The Inland Empire is a vital corridor connecting ...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Major Risk-On Developments; Bullish Outlook Intact Over the past two weeks we have discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that suggests the lows may be in for this pullback (4/30/24 Compass). Major risk-on developments for the broad equity market have continued to roll in over the past week, which we discuss below. As a result, we continue to believe the lows are in for this pullback, and we see the pullback to the 100-day MA on t...
EME EMCOR GROUP
GBX GREENBRIER COMPANIES INC.
BKD BROOKDALE SENIOR LIVING INC.
TRN TRINITY INDUSTRIES INC.
MTZ MASTEC INC.
MATX MATSON INC.
ENSG ENSIGN GROUP INC.
ASC ARDMORE SHIPPING
GNK GENCO SHIPPING & TRADING LTD.
LCM COSTAMARE INC.
SBLK STAR BULK CARRIERS CORP.
GATX GATX CORPORATION
KBR KBR INC.
KEX KIRBY CORPORATION
RAIL FREIGHTCAR AMERICA INC.
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
FSTR L.B. FOSTER CO.
NMM NAVIOS MARITIME PARTNERS
GSL GLOBAL SHIP LEASE INC. CLASS A
DAC DANAOS
EGLE EAGLE BULK SHIPPING
NHC NHC COMMUNICATIONS
J INC.
JACOBS SOLUTIONS INC.
Fluor Reports First Quarter 2024 Results
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced financial results for its first quarter ended March 31, 2024. Revenue for the quarter was $3.7 billion and net income attributable to Fluor was $59 million, or $0.34 per diluted share. Consolidated segment profit1 for the quarter was $118 million compared to a $15 million loss in the first quarter of 2023. Results for the quarter include $29 million in cost growth for a construction only subcontract executed by our joint venture entity in Mexico. Excluding the adjustments outlined in the reconciliation table at the end of this release, th...
Granite Reports First Quarter 2024 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended March 31, 2024. First Quarter 2024 Results Net loss attributable to Granite Construction Incorporated totaled $31 million, or $(0.70) per diluted share, compared to net loss attributable to Granite Construction Incorporated of $23 million, or $(0.53) per diluted share, for the same period in the prior year. Adjusted net loss attributable to Granite Construction Incorporated (1) totaled $9 million, or $(0.21) per diluted share, compared to adjusted net loss attr...
Granite Publishes Annual Sustainability Report
WATSONVILLE, Calif.--(BUSINESS WIRE)-- On May 1, 2024 (NYSE:GVA) published its , highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. “At Granite, our mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “We don’t just recognize our responsibility to contribute to a more sustainable future—we embrace sustainability as a core value, a key component of our business strategy, and a value driv...
Granite to Help Construct Major Enhancements to I-405/Brickyard to SR ...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded a subcontract worth approximately $31 million by prime contractor Skanska USA, to work on Washington State Department of Transportation (WSDOT) and Sound Transit’s highway project to provide roadway improvements along a four-and-a-half-mile corridor on Interstate 405 (I-405) in Bothell, WA. The project will be included in Granite’s first-quarter CAP. Key features of the project include increased express toll lane (ETL) capacity, direct access to state highways, and enhanced regional transit service connections. The project a...
Fluor and SunCoke Energy Renew Maintenance and Capital Project Contrac...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States. Fluor will recognize the undisclosed value of the contract as a new award in the first quarter of 2024. This press release features multimedia. View the full release here: SunCoke Energy coke oven (Photo: Business Wire) Since 2017, Fluor’s Operations & Maintenance business, now Plant & Facility Services, has provided maintenance and small capital project services to support SunCoke’s reliable, efficien...
Renewable Fuels Project in Canada Begins Production
IRVING, Texas--(BUSINESS WIRE)-- A (NYSE: FLR) project reached a major milestone recently with the production startup of the Braya Renewable Fuels facility in Come by Chance, Newfoundland and Labrador, Canada. Fluor provided engineering and procurement (EP) services to convert the idled petroleum refinery into a modern facility that produces renewable diesel fuel from soybean oil and other low carbon intensity feedstocks. This press release features multimedia. View the full release here: Aerial view of the Braya Renewable Fuels facility in Come by Chance, Newfoundland and Labrador, Canada (...
Granite VP Joins NAPA Advisory Council
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that District Vice President Ian Firth has been appointed to the National Asphalt Pavement Association’s (NAPA) Advisory Council West Region as an at large member. NAPA is the only national trade association representing the asphalt industry and works to advance the asphalt pavement industry through leadership, training, and advocacy. This includes supporting member companies on issues including engineering, health and safety, workforce development, and more. The Advisory Council is charged with enhancing advocacy for ...
Fluor Selected for Position on Global Contingency Services Multiple Aw...
IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that it has been awarded a position on the Global Contingency Services Multiple Award Contract III by the United States Naval Facilities Engineering Systems Command (NAVFAC) Pacific. As one of six companies selected for the indefinite delivery/indefinite quantity contract, Fluor is eligible to compete for specific task orders with a combined value not to exceed $2 billion for up to 102 months. The contract provides for the ability to quickly deliver short-term facility support services in response to natural disasters, humanitaria...
- Simen Mortensen
Renovation rules now a reality
The Energy Performance of Buildings Directive (EPBD) was approved on 12 April, requiring the modernisation of existing real estate in the EU, and will soon enter the Official Journal of the EU. Member states will have two years to incorporate the provisions into their national legislation. While Q1 is Nordic construction’s low season due to winter effects, we see some downside risk to Q1e consensus and longer-term to 2024–2026e EBIT on lower development gains. We recommend a stock-picking approa...
Granite Announces Timing of Earnings Release and Investor Conference C...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE: GVA) will release financial results for the quarter ended March 31, 2024, before market opens on Thursday, May 2, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, May 2, 2024. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, . The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite’s Investor Relations websit...
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