$MTRX (Matrix Service Company)

$MTRX {{ '2016-08-31T16:05:49+0000' | timeago}} • Webcast

John Franzreb of Sidoti & Company asks about margin variability. $MTRX said it depends partly on mix of work. In the Industrial segment, the work in iron, steel and copper has lower margins. Oil, Gas and Chemical is all about volume. $MTRX is not expecting any real margin pressure in Electrical Infrastructure.

$TISI {{ '2017-07-26T15:39:10+0000' | timeago}} • Announcement

$TISI in a private offering agreed to sell to initial purchasers $200MM principal amount of its 5% convertible senior notes due 2023. The offering size was increased by $25MM from the earlier offering size of $175MM. $TISI also granted the initial purchasers an option to purchase up to an additional $30MM principal amount of the notes.

$MTRX {{ '2017-07-19T12:16:55+0000' | timeago}} • Announcement

$MTRX appointed John Chandler and Martha Carnes as new independent members of its BoD. The Company also announced that long-time Board members Michael Hall and Edgar Hendrix will retire from the Board and not stand for re-election at the 2017 Annual Meeting after serving on the Board for 19 years and 17 years, respectively.

$CLH {{ '2017-06-14T13:08:24+0000' | timeago}} • Announcement

$CLH commenced an offer to purchase for cash up to $400MM of its outstanding 5.25% Senior Notes due 2020. The tender offer will expire on July 12, 2017, unless extended.

$EME {{ '2017-06-01T18:39:11+0000' | timeago}} • Announcement

$EME announced the election of Carol P. Lowe to the company’s Board of Directors at its 2017 Annual Meeting of Stockholders. Ms. Lowe is the Senior Vice President and Chief Financial Officer of Sealed Air Corporation.

$PWR {{ '2017-05-25T13:30:08+0000' | timeago}} • Announcement

$PWR's BoD authorized it to repurchase up to $300MM in shares of its outstanding common stock through June 30, 2020. The new repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion.

$CLH {{ '2017-05-11T13:54:28+0000' | timeago}} • Announcement

$CLH agreed to acquire Lonestar West Inc. in an all-cash transaction valued at CAD $44.1MM. Lonestar shareholders will receive CAD $0.72 per share and $CLH will assume CAD $22.3MM in outstanding debt. $CLH expects the acquisition will be accretive in 2017. The deal will be accomplished through an amalgamation expected to close on July 14, 2017.

$MTRX {{ '2017-05-10T13:11:44+0000' | timeago}} • Announcement

$MTRX remains optimistic about the long-term performance of business and strategic vision. $MTRX is actively managing cost structure to meet current and future customer commitments as markets improve. Continued strong bidding activity and other key indicators all point to improving capital project and maintenance spending in FY18.

$MTRX {{ '2017-05-10T13:10:10+0000' | timeago}} • Announcement

Availability under $MTRX's credit facility of $106.8MM along with the company's cash balance of $39.7MM provided liquidity of $146.5MM at March 31, 2017, a decrease of $81.9MM since Dec. 31, 2016.  This reduction is primarily attributable to a capacity constraint triggered by the company's financial performance in the quarter.

$MTRX {{ '2017-05-10T13:07:54+0000' | timeago}} • Announcement

$MTRX slipped to a loss in 3Q17 from a profit last year, due to negative impact of major project in Electrical Infrastructure segment as well as lower volume in the Storage Solutions segment. Net loss was $13.82MM or $0.52 per share compared to a profit of $4.36MM or $0.16 per share last year. Revenue fell to $251.24MM from $309.42MM.

$TISI {{ '2017-05-10T10:44:39+0000' | timeago}} • Announcement

$TISI reported a wider 1Q17 loss due to higher costs and expenses. Net loss widened to $9.51MM or $0.32 per share from $6.43MM or $0.27 per share last year. Revenue grew to $286.55MM from $250.85MM, on the current quarter realizing the full contribution of Furmanite. Adjusted loss per share steepened to $0.24 from $0.01.

$PWR {{ '2017-05-04T11:36:49+0000' | timeago}} • Announcement

For FY17, $PWR increases its revenue expectation to be in the range of $8.1-8.6Bil. The company continues to expects diluted EPS to be about $1.52-1.77 and adjusted diluted EPS to be about $1.82-2.07 for FY17.

$PWR {{ '2017-05-04T11:34:07+0000' | timeago}} • Announcement

Houston, Texas-based company $PWR reported an increase in 1Q17 earnings, helped by higher revenues. Net income rose to $483MM, or $0.31 per share, compared to net income of $20.5MM, or $0.13 per share during 1Q16. Net revenues during the quarter rose 27.4% YoY to $2.18Bil from $1.71Bil. Excluding items, $PWR earned $0.39 per share.

$BBOX {{ '2017-04-24T15:45:28+0000' | timeago}} • Announcement

$BBOX appointed David Russo as its SVP, CFO and Treasurer. He was previously the SVP and CFO for $FSTR. Russo brings diverse financial acumen and experience building world-class finance organizations that will assist $BBOX position itself as The Trusted Digital Partner.

$FIX {{ '2017-04-05T16:01:44+0000' | timeago}} • Announcement

$FIX acquired BCH Holdings, Inc. (BCH Mechanical). BCH Mechanical is initially expected to contribute annualized revenues of about $100-110MM at profitability levels generally equal to or above those of $FIX. The deal is expected to be neutral to slightly accretive to EPS during the first 12-18 months after the acquisition.

$MTRX {{ '2017-04-05T15:58:06+0000' | timeago}} • Announcement

$MTRX said that PSEG Power awarded Matrix NAC the balance of plant aboveground electrical construction work at PSEG's new 540MW combined cycle power facility, Sewaren 7, in Woodbridge, New Jersey. The project was awarded in December 2016 with plans for the facility to come online by summer 2018.

$MTRX {{ '2017-03-21T20:16:41+0000' | timeago}} • Announcement

$MTRX's subsidiary, Matrix Service Inc. has been awarded the engineering, fabrication, procurement, and construction of 10 new tanks and associated balance of plant work by Vopak Americas, a division of Royal Vopak, for their Deer Park Brownfield Expansion project. The project is expected to be commissioned in the first calendar quarter of 2019.

$HP {{ '2017-03-07T19:34:07+0000' | timeago}} • Announcement

Driller $HP announced that Kevin G. Cramton and José R. Mas were appointed to the company’s BoD effective March 1, 2017. Mr. Mas has been the CEO of $MTZ since April 2007, while Mr. Cramton is an operating partner at HCI Equity Partners, a private equity firm.

$PWR {{ '2017-02-21T20:09:14+0000' | timeago}} • Webcast

$PWR expects revenue to increase through the year 2017, although the company expects less of a seasonal affect. For the Electric Power segment, $PWR expects operating margin to be in the low to mid 9% range and Oil and Gas segment operating margins is expected to be between 5-6%.

$PWR {{ '2017-02-21T12:54:16+0000' | timeago}} • Announcement

$PWR expects 2017 revenue of $7.9-8.5Bil, EPS from continuing operations of $1.52-1.77, and adjusted EPS from continuing operations of $1.80-2.05. $PWR's outlook reflects management's effort to properly align uncertainties with the backlog that $PWR is executing on and the opportunities that are expected to materialize during 2017.

$PWR {{ '2017-02-21T12:51:25+0000' | timeago}} • Announcement

$PWR swung to a 4Q16 profit from a loss last year, driven by lower asset impairment charges. Net income was $87.58MM or $0.57 per share compared to a loss of $5.07MM or $0.03 per share last year. Revenue grew to $2.1Bil from $1.9Bil. Adjusted EPS increased to $0.56 from $0.30.

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