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Fiber Cement Siding Demand to Exceed 2 Billion Square Feet in 2022
May 21, 2018 (Investorideas.com Newswire) Demand for fiber cement siding is forecast to grow 3.3% per year to 2.1 billion square feet in 2022.

Outdoor Lighting Fixture Demand to Grow 6.7% Annually Through 2022
May 21, 2018 (Investorideas.com Newswire) Demand for outdoor fixtures is expected to increase 6.7% per year to $5.5 billion in 2022.

Legalshield Law Index Points To Rise In Home Construction, But Trade Conflicts Are Driving Up The Cost Of Materials
ADA, OKLAHOMA - May 8, 2018 (Investorideas.com Newswire) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts and a component of the broader LegalShield Law Index, suggests there is reason for optimism about increasing housing construction momentum this year

Demand for Reactive Adhesives and Sealants to Reach 1.3 Billion Pounds in 2022
May 2, 2018 (Investorideas.com Newswire) Demand for reactive adhesives and sealants is projected to rise 3.0% per year to 1.3 billion pounds in 2022, valued at $4.8 billion. The leading reactive adhesive and sealant chemistries are silicones, polyurethanes, epoxies, and polysulfides.

Atrium Mortgage Investment Corporation (TSX: AI) Announces May 2018 Dividend
Toronto, Ontario - May 1, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of May 2018 of $0.075 per common share, to be paid June 12, 2018 to shareholders of record May 31, 2018.

Gardening Hand Tool Sales to Reach $738 Million in 2022
April 30, 2018 (Investorideas.com Newswire) Demand for gardening hand tools totaled $654 million in 2017, increasing only 0.6% annually between 2012 and 2017.

Cooling Systems Stock Now in Position to Take Off Higher
April 19, 2018 (Investorideas.com Newswire) Clive Maund provides a technical analysis on an energy efficiency company that he believes is a buy.

Wood Moulding and Trim Demand to Grow 3.7% Annually Through 2022
April 16, 2018 (Investorideas.com Newswire) Interior moulding is expected to continue to account for the majority of wood moulding and trim.

Legalshield Index: Housing Market Poised For Rebound - But Potential Tariff Battle And Rising Interest Rates Could Weaken Construction Investment
ADA, OKLAHOMA - April 9, 2018 (Investorideas.com Newswire) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts and a component of the broader LegalShield Law Index, ticked down in March, but remains up 2.8 percent compared to a year ago, suggesting there is reason for optimism regarding housing construction momentum in 2018.

Investing in the Modern Age
April 6, 2018 (Investorideas.com Newswire) A while back if you asked people about investing, it was assumed you were into property or stocks/bonds.

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Construction and Materials News from Globe Newswire

Draft Resolutions of Extraordinary General Meeting of Shareholders

The draft resolutions of the Extraordinary General Meeting of Shareholders of Panevezio statybos trestas AB to be held on 15 June 2018 are as follows:

1. Removal from the office of the Board members of the Company.
To remove from the office all the Board members of Panevezio statybos trestas AB.
2. Election of the Board members of the Company.
To elect the candidates who have receive the greatest number of votes as the Board members.
3. Approval of the new revision of the Articles of Association of the Company.
Considering amendments of the Law of the Republic of Lithuania, which have and will come into effect after registration of the latest revision of the Articles of Association of the Company, to approve the new revision of the Articles of Association of the Company.
To authorise the CEO of the Company (with the right of re-authorisation) to sign the new revision of the Articles of Association of the Company.

Candidates for the Board members have not been nominated yet.

More information:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Tel.: (+370 45) 505 503

 

 

Attachment

Chile and Canada join forces to support sustainable development and a transition to low carbon economies through the launch of the Reciclo Orgánicos program

SANTA JUANA, Chile, May 25, 2018 (GLOBE NEWSWIRE) -- In the presence of government authorities from Chile and Canada and community members, the national Reciclo Orgánicos program was launched and its contribution to the composting plant of Santa Juana announced.

In 2016, Parties of the United Nations Framework Convention on Climate Change (https://unfccc.int/) ratified the Paris Agreement, which established the commitment of many governments around the world to reduce emissions of greenhouse gases. Chile is implementing a new national program, ‘Reciclo Orgánicos,’ to reduce the emissions of methane, a greenhouse gas very harmful to the environment, that is generated by the decomposition of organic material in landfills and waste disposal sites.

The Canadian and Chilean governments share more than 20 years of environmental engagement through the Canada-Chile Agreement on Environmental Cooperation. This partnership resulted in the decision to develop a joint program to help Chile achieve its emission reduction goals in the waste management sector.

As a program, Reciclo Orgánicos has been envisioned to not only identify opportunities to capture landfill gas from existing waste disposal sites, but also to implement projects to divert organic residues from the municipal waste stream and utilize them beneficially in composting facilities or anaerobic digestion plants to produce compost and/or a source of clean energy.

Santa Juana is the first municipality to receive support from Reciclo Orgánicos. Located in the province of Concepción (Bío Bío Region), Santa Juana will soon commence operations at its new composting plant, where organic residues from the municipality will be managed. The key infrastructural components of the facility were financed with funds from the Sub-secretariat of Regional Development (SUBDERE) and had the support of the Regional Government (GORE) of Bío Bío and its advisors. The Government of Canada is providing, through Reciclo Orgánicos, financial and technical assistance for the operationalization of the plant as well as community engagement to raise awareness among the residents about the beneficial recovery and utilization of organic resources and how it can combat climate change.

The mayor of Santa Juana, Angel Castro, highlighted that, "Together with our neighbors we will position ourselves at the national level in the vanguard of the recycling of organic waste. This project was presented by the Municipality, we obtained the necessary financing and support and now we are very happy for the collaboration with the Reciclo Orgánicos program, which will allow us to be an example at the national level.”

Meanwhile, the Minister of the Environment in Chile, Marcela Cubillos, added that, "The launching of this program marks a milestone in citizens’ engagement with environmental issues, as we aim to combat climate change, by reducing greenhouse gas emissions, and incorporating practices of recycling organic waste in Chile."

Canada’s Federal Minister of Environment and Climate Change, Catherine McKenna, said, “The Government of Canada is pleased to help Chile meet its climate change goals under the Paris Accord through initiatives like this new Santa Juana composting facility.  It is exciting that Canada’s clean tech know-how is being put into action through a $7 million dollar Canada-Chile Program. Over the next three years, similar facilities will open in communities across Chile to reduce methane emissions while creating jobs and new market opportunities. Together, we are protecting our environment and strengthening the global economy today, and for future generations.”

With technical and financial support, Reciclo Orgánicos will continue to be deployed in other communities across Chile, further contributing to reducing greenhouse gas emissions and combating climate change.

CONTACT: Media Contacts: 
Brad Jones, 303-471-3453, bradley.jones@arcadis.com 

Veidekke ASA: MANDATORY NOTIFICATION OF TRADE


On 24 May 2018 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 70 000 Veidekke shares at a price of NOK 92.9377 each. The Trust now holds 713 976 shares.

The shares will be resold to employees in Veidekke in the share purchase offer for executives in May 2018, see notification of 14 May 2018.


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Quanex Building Products Announces Second Quarter 2018 Earnings Release and Conference Call Schedule

HOUSTON, TEXAS, May 24, 2018 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the “Company”) today announced plans to release its second quarter 2018 results on Monday, June 4, 2018 after trading closes on the New York Stock Exchange.

The Company has also scheduled a conference call for Tuesday, June 5, 2018 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release.  Investors may participate in the conference call via telephone by dialing (877) 388-2139 for domestic callers or (541) 797-2983 for international callers, in both cases using conference passcode 6446248, and asking for the Quanex call a few minutes prior to the start time.

A link to the live audio webcast will also be available on the Company’s website at http://www.quanex.com in the Investors section under Presentations & Events.

A telephonic replay will be available through June 12, 2018 by dialing (855) 859-2056 for domestic callers or (404) 537-3406 for international callers, in both cases referencing conference passcode 6446248.  A webcast archive will also be available at http://www.quanex.com shortly after the call.

About Quanex

Quanex Building Products Corporation is an industry-leading manufacturer of components sold to Original Equipment Manufacturers (OEMs) in the building products industry.  Quanex designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components.

CONTACT: Scott Zuehlke
VP, Investor Relations & Treasurer
713-877-5327
scott.zuehlke@quanex.com 

President’s Comments at Goldfield’s Annual Meeting

MELBOURNE, Fla., May 24, 2018 (GLOBE NEWSWIRE) -- The Goldfield Corporation (NYSE American:GV) released the comments made earlier today by Mr. John H. Sottile, President and Chief Executive Officer, at The Goldfield Corporation’s annual meeting of stockholders. Goldfield is headquartered in Melbourne, Florida, and through its subsidiaries, Power Corporation of America, C and C Power Line, Inc. and Southeast Power Corporation, is a leading provider of electrical construction services for the utility industry and industrial customers, with operations primarily in the Southeast, mid-Atlantic, Texas and Southwest regions of the United States.

THE GOLDFIELD CORPORATION

ANNUAL SHAREHOLDERS’ MEETING MAY 24, 2018

COMMENTS BY JOHN H. SOTTILE, PRESIDENT

Last year at this time, I announced that in 2016 Goldfield achieved its highest revenue and earnings in its 110 year history as a public company.  Our record performance makes the comparison of 2017 to 2016 challenging.  That being said, Goldfield’s revenue has grown at a 7% compounded rate over the last five years.

Comparing 2017 to 2016, Goldfield’s revenue declined 13% to $114 million from $130 million due primarily to the inclusion in 2016 of certain large, higher margin fixed-price projects that did not occur in 2017.  This was partially offset by storm restoration work and increased master service agreement, or MSA, work.

Gross margin in 2017 was also adversely affected by third and fourth-quarter losses in our Texas operation. This was primarily attributable to the retention of personnel in anticipation of projects that did not materialize.

In the fourth quarter of 2017 positive changes began happening for Goldfield as a result of project bidding modifications.  Importantly, fourth-quarter 2017 electrical construction revenue improved by $4 million, or 16% over the third quarter.  Also, gross margin improved from 14% in the third quarter to 16% in the fourth quarter as overall bidding and project awards improved.

This momentum continued through the first quarter of 2018, as we experienced our third consecutive quarter of revenue and gross margin improvement.  First-quarter 2018 electrical construction revenue improved $7 million, or 25%, over the fourth quarter of 2017.  Gross margin improved to 22% in the first quarter from 16% in the fourth quarter.

Furthermore, we finished 2017 with a healthy backlog.  Total backlog increased 13% to $214 million at year-end 2017 from $190 million at year-end 2016.  Moreover, 12-month electrical construction backlog improved to $110 million at December 31, 2017, compared to $98 million one year ago, while 12-month estimated MSA backlog increased 18% to $83 million.

This momentum also continued in the first quarter of 2018 as our twelve-month electrical construction backlog improved 40% over the first quarter of last year to a record $111 million.  This improvement demonstrates the strength of our business fundamentals and gives us visibility for continued growth.

Additionally, Goldfield recorded a one-time, $2.5 million, or $0.10 per share, income tax benefit primarily due to the tax act passed in late 2017.  We are planning to utilize this benefit to increase field and administrative salaries and to continue to upgrade our fleet of equipment.

We also finished 2017 with a solid balance sheet.  At year end, we had cash and cash equivalents of $19 million and working capital of $36 million.  This compares to cash and cash equivalents of $21 million and working capital of $33 million at year-end 2016.

We are proud to have been part of the storm restoration effort following Hurricane Irma, one of the largest in U.S. history.  Our Texas and Florida crews worked cohesively and without incident, demonstrating a very successful effort.

As a member of the Electrical Transmission & Distribution Partnership we continuously endeavor to improve safety for our employees.  This partnership is a formal collaboration of industry stakeholders including premier electrical contractors, OSHA, EEI, IBEW and NECA. Now, I would like to share with you some developments during the first quarter which we believe will put us in a favorable position to capitalize on this robust market for years to come.  In Texas, we recently signed a new three-year MSA with a major utility having an ambitious T&D construction program.  The addition of this MSA will materially enhance our regional footprint and project bidding opportunities.  Our experience, proven track record and depth of resources in this geographic region will enable us to provide expertise in bringing projects to a successful and timely completion.

Additionally, we have been actively pursuing new customers in adjoining states to expand both MSA and T&D bid work.

Finally, we have expanded our substation operations to include our mid-Atlantic region.  Projects have recently been awarded under this expansion.

Industry activity and trends continue to point to historic investments in electrical infrastructure.  We believe we are well-positioned in this competitive market to win our share of future projects.

That being said, our priority is to focus on profitable growth and increased margins.  Accordingly, we remain focused on project execution and a disciplined approach in our bidding and operational activities.

The United States power grid is aging.  We anticipate a higher level of investment by our utility customers to upgrade transmission and distribution systems.  Our solid financial position, strong customer base and commitment to attracting and retaining an outstanding workforce should favorably impact future results.

Are there any questions?

About Goldfield

Goldfield is a leading provider of electrical construction services engaged in the construction of electrical infrastructure for the utility industry and industrial customers, primarily in the Southeast, mid-Atlantic, Texas and Southwest regions of the United States.

For additional information on our results, please refer to our filings with the Securities and Exchange Commission which can be found on the Company’s website at http://www.goldfieldcorp.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995 throughout this document. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” and “continue” or similar words. We have based these statements on our current expectations about future events. Although we believe that our expectations reflected in or suggested by our forward-looking statements are reasonable, we cannot assure you that these expectations will be achieved. Our actual results may differ materially from what we currently expect. Factors that may affect the results of our operations include, among others: the level of construction activities by public utilities; the concentration of revenue from a limited number of utility customers; the loss of one or more significant customers; the timing and duration of construction projects for which we are engaged; our ability to estimate accurately with respect to fixed price construction contracts; and heightened competition in the electrical construction field, including intensification of price competition. Other factors that may affect the results of our operations include, among others: adverse weather; natural disasters; effects of climate changes; changes in generally accepted accounting principles; ability to obtain necessary permits from regulatory agencies; our ability to maintain or increase historical revenue and profit margins; general economic conditions, both nationally and in our region; adverse legislation or regulations; availability of skilled construction labor and materials and material increases in labor and material costs; and our ability to obtain additional and/or renew financing. Other important factors which could cause our actual results to differ materially from the forward-looking statements in this press release are detailed in the Companys Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operation sections of our Annual Report on Form 10-K and Goldfields other filings with the Securities and Exchange Commission, which are available on Goldfields website: http://www.goldfieldcorp.com. We may not update these forward-looking statements, even in the event that our situation changes in the future, except as required by law.

For further information, please contact:
The Goldfield Corporation
Contact: Kristine Walczak
Phone: (312) 780-7205
Email: kwalczak@dresnerco.com

Subscribe to Construction and Materials News

Real Estate News from Globe Newswire

Draft Resolutions of Extraordinary General Meeting of Shareholders

The draft resolutions of the Extraordinary General Meeting of Shareholders of Panevezio statybos trestas AB to be held on 15 June 2018 are as follows:

1. Removal from the office of the Board members of the Company.
To remove from the office all the Board members of Panevezio statybos trestas AB.
2. Election of the Board members of the Company.
To elect the candidates who have receive the greatest number of votes as the Board members.
3. Approval of the new revision of the Articles of Association of the Company.
Considering amendments of the Law of the Republic of Lithuania, which have and will come into effect after registration of the latest revision of the Articles of Association of the Company, to approve the new revision of the Articles of Association of the Company.
To authorise the CEO of the Company (with the right of re-authorisation) to sign the new revision of the Articles of Association of the Company.

Candidates for the Board members have not been nominated yet.

More information:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Tel.: (+370 45) 505 503

 

 

Attachment

Chile and Canada join forces to support sustainable development and a transition to low carbon economies through the launch of the Reciclo Orgánicos program

SANTA JUANA, Chile, May 25, 2018 (GLOBE NEWSWIRE) -- In the presence of government authorities from Chile and Canada and community members, the national Reciclo Orgánicos program was launched and its contribution to the composting plant of Santa Juana announced.

In 2016, Parties of the United Nations Framework Convention on Climate Change (https://unfccc.int/) ratified the Paris Agreement, which established the commitment of many governments around the world to reduce emissions of greenhouse gases. Chile is implementing a new national program, ‘Reciclo Orgánicos,’ to reduce the emissions of methane, a greenhouse gas very harmful to the environment, that is generated by the decomposition of organic material in landfills and waste disposal sites.

The Canadian and Chilean governments share more than 20 years of environmental engagement through the Canada-Chile Agreement on Environmental Cooperation. This partnership resulted in the decision to develop a joint program to help Chile achieve its emission reduction goals in the waste management sector.

As a program, Reciclo Orgánicos has been envisioned to not only identify opportunities to capture landfill gas from existing waste disposal sites, but also to implement projects to divert organic residues from the municipal waste stream and utilize them beneficially in composting facilities or anaerobic digestion plants to produce compost and/or a source of clean energy.

Santa Juana is the first municipality to receive support from Reciclo Orgánicos. Located in the province of Concepción (Bío Bío Region), Santa Juana will soon commence operations at its new composting plant, where organic residues from the municipality will be managed. The key infrastructural components of the facility were financed with funds from the Sub-secretariat of Regional Development (SUBDERE) and had the support of the Regional Government (GORE) of Bío Bío and its advisors. The Government of Canada is providing, through Reciclo Orgánicos, financial and technical assistance for the operationalization of the plant as well as community engagement to raise awareness among the residents about the beneficial recovery and utilization of organic resources and how it can combat climate change.

The mayor of Santa Juana, Angel Castro, highlighted that, "Together with our neighbors we will position ourselves at the national level in the vanguard of the recycling of organic waste. This project was presented by the Municipality, we obtained the necessary financing and support and now we are very happy for the collaboration with the Reciclo Orgánicos program, which will allow us to be an example at the national level.”

Meanwhile, the Minister of the Environment in Chile, Marcela Cubillos, added that, "The launching of this program marks a milestone in citizens’ engagement with environmental issues, as we aim to combat climate change, by reducing greenhouse gas emissions, and incorporating practices of recycling organic waste in Chile."

Canada’s Federal Minister of Environment and Climate Change, Catherine McKenna, said, “The Government of Canada is pleased to help Chile meet its climate change goals under the Paris Accord through initiatives like this new Santa Juana composting facility.  It is exciting that Canada’s clean tech know-how is being put into action through a $7 million dollar Canada-Chile Program. Over the next three years, similar facilities will open in communities across Chile to reduce methane emissions while creating jobs and new market opportunities. Together, we are protecting our environment and strengthening the global economy today, and for future generations.”

With technical and financial support, Reciclo Orgánicos will continue to be deployed in other communities across Chile, further contributing to reducing greenhouse gas emissions and combating climate change.

CONTACT: Media Contacts: 
Brad Jones, 303-471-3453, bradley.jones@arcadis.com 

Veidekke ASA: MANDATORY NOTIFICATION OF TRADE


On 24 May 2018 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 70 000 Veidekke shares at a price of NOK 92.9377 each. The Trust now holds 713 976 shares.

The shares will be resold to employees in Veidekke in the share purchase offer for executives in May 2018, see notification of 14 May 2018.


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Quanex Building Products Announces Second Quarter 2018 Earnings Release and Conference Call Schedule

HOUSTON, TEXAS, May 24, 2018 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the “Company”) today announced plans to release its second quarter 2018 results on Monday, June 4, 2018 after trading closes on the New York Stock Exchange.

The Company has also scheduled a conference call for Tuesday, June 5, 2018 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release.  Investors may participate in the conference call via telephone by dialing (877) 388-2139 for domestic callers or (541) 797-2983 for international callers, in both cases using conference passcode 6446248, and asking for the Quanex call a few minutes prior to the start time.

A link to the live audio webcast will also be available on the Company’s website at http://www.quanex.com in the Investors section under Presentations & Events.

A telephonic replay will be available through June 12, 2018 by dialing (855) 859-2056 for domestic callers or (404) 537-3406 for international callers, in both cases referencing conference passcode 6446248.  A webcast archive will also be available at http://www.quanex.com shortly after the call.

About Quanex

Quanex Building Products Corporation is an industry-leading manufacturer of components sold to Original Equipment Manufacturers (OEMs) in the building products industry.  Quanex designs and produces energy-efficient fenestration products in addition to kitchen and bath cabinet components.

CONTACT: Scott Zuehlke
VP, Investor Relations & Treasurer
713-877-5327
scott.zuehlke@quanex.com 

President’s Comments at Goldfield’s Annual Meeting

MELBOURNE, Fla., May 24, 2018 (GLOBE NEWSWIRE) -- The Goldfield Corporation (NYSE American:GV) released the comments made earlier today by Mr. John H. Sottile, President and Chief Executive Officer, at The Goldfield Corporation’s annual meeting of stockholders. Goldfield is headquartered in Melbourne, Florida, and through its subsidiaries, Power Corporation of America, C and C Power Line, Inc. and Southeast Power Corporation, is a leading provider of electrical construction services for the utility industry and industrial customers, with operations primarily in the Southeast, mid-Atlantic, Texas and Southwest regions of the United States.

THE GOLDFIELD CORPORATION

ANNUAL SHAREHOLDERS’ MEETING MAY 24, 2018

COMMENTS BY JOHN H. SOTTILE, PRESIDENT

Last year at this time, I announced that in 2016 Goldfield achieved its highest revenue and earnings in its 110 year history as a public company.  Our record performance makes the comparison of 2017 to 2016 challenging.  That being said, Goldfield’s revenue has grown at a 7% compounded rate over the last five years.

Comparing 2017 to 2016, Goldfield’s revenue declined 13% to $114 million from $130 million due primarily to the inclusion in 2016 of certain large, higher margin fixed-price projects that did not occur in 2017.  This was partially offset by storm restoration work and increased master service agreement, or MSA, work.

Gross margin in 2017 was also adversely affected by third and fourth-quarter losses in our Texas operation. This was primarily attributable to the retention of personnel in anticipation of projects that did not materialize.

In the fourth quarter of 2017 positive changes began happening for Goldfield as a result of project bidding modifications.  Importantly, fourth-quarter 2017 electrical construction revenue improved by $4 million, or 16% over the third quarter.  Also, gross margin improved from 14% in the third quarter to 16% in the fourth quarter as overall bidding and project awards improved.

This momentum continued through the first quarter of 2018, as we experienced our third consecutive quarter of revenue and gross margin improvement.  First-quarter 2018 electrical construction revenue improved $7 million, or 25%, over the fourth quarter of 2017.  Gross margin improved to 22% in the first quarter from 16% in the fourth quarter.

Furthermore, we finished 2017 with a healthy backlog.  Total backlog increased 13% to $214 million at year-end 2017 from $190 million at year-end 2016.  Moreover, 12-month electrical construction backlog improved to $110 million at December 31, 2017, compared to $98 million one year ago, while 12-month estimated MSA backlog increased 18% to $83 million.

This momentum also continued in the first quarter of 2018 as our twelve-month electrical construction backlog improved 40% over the first quarter of last year to a record $111 million.  This improvement demonstrates the strength of our business fundamentals and gives us visibility for continued growth.

Additionally, Goldfield recorded a one-time, $2.5 million, or $0.10 per share, income tax benefit primarily due to the tax act passed in late 2017.  We are planning to utilize this benefit to increase field and administrative salaries and to continue to upgrade our fleet of equipment.

We also finished 2017 with a solid balance sheet.  At year end, we had cash and cash equivalents of $19 million and working capital of $36 million.  This compares to cash and cash equivalents of $21 million and working capital of $33 million at year-end 2016.

We are proud to have been part of the storm restoration effort following Hurricane Irma, one of the largest in U.S. history.  Our Texas and Florida crews worked cohesively and without incident, demonstrating a very successful effort.

As a member of the Electrical Transmission & Distribution Partnership we continuously endeavor to improve safety for our employees.  This partnership is a formal collaboration of industry stakeholders including premier electrical contractors, OSHA, EEI, IBEW and NECA. Now, I would like to share with you some developments during the first quarter which we believe will put us in a favorable position to capitalize on this robust market for years to come.  In Texas, we recently signed a new three-year MSA with a major utility having an ambitious T&D construction program.  The addition of this MSA will materially enhance our regional footprint and project bidding opportunities.  Our experience, proven track record and depth of resources in this geographic region will enable us to provide expertise in bringing projects to a successful and timely completion.

Additionally, we have been actively pursuing new customers in adjoining states to expand both MSA and T&D bid work.

Finally, we have expanded our substation operations to include our mid-Atlantic region.  Projects have recently been awarded under this expansion.

Industry activity and trends continue to point to historic investments in electrical infrastructure.  We believe we are well-positioned in this competitive market to win our share of future projects.

That being said, our priority is to focus on profitable growth and increased margins.  Accordingly, we remain focused on project execution and a disciplined approach in our bidding and operational activities.

The United States power grid is aging.  We anticipate a higher level of investment by our utility customers to upgrade transmission and distribution systems.  Our solid financial position, strong customer base and commitment to attracting and retaining an outstanding workforce should favorably impact future results.

Are there any questions?

About Goldfield

Goldfield is a leading provider of electrical construction services engaged in the construction of electrical infrastructure for the utility industry and industrial customers, primarily in the Southeast, mid-Atlantic, Texas and Southwest regions of the United States.

For additional information on our results, please refer to our filings with the Securities and Exchange Commission which can be found on the Company’s website at http://www.goldfieldcorp.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995 throughout this document. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” and “continue” or similar words. We have based these statements on our current expectations about future events. Although we believe that our expectations reflected in or suggested by our forward-looking statements are reasonable, we cannot assure you that these expectations will be achieved. Our actual results may differ materially from what we currently expect. Factors that may affect the results of our operations include, among others: the level of construction activities by public utilities; the concentration of revenue from a limited number of utility customers; the loss of one or more significant customers; the timing and duration of construction projects for which we are engaged; our ability to estimate accurately with respect to fixed price construction contracts; and heightened competition in the electrical construction field, including intensification of price competition. Other factors that may affect the results of our operations include, among others: adverse weather; natural disasters; effects of climate changes; changes in generally accepted accounting principles; ability to obtain necessary permits from regulatory agencies; our ability to maintain or increase historical revenue and profit margins; general economic conditions, both nationally and in our region; adverse legislation or regulations; availability of skilled construction labor and materials and material increases in labor and material costs; and our ability to obtain additional and/or renew financing. Other important factors which could cause our actual results to differ materially from the forward-looking statements in this press release are detailed in the Companys Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operation sections of our Annual Report on Form 10-K and Goldfields other filings with the Securities and Exchange Commission, which are available on Goldfields website: http://www.goldfieldcorp.com. We may not update these forward-looking statements, even in the event that our situation changes in the future, except as required by law.

For further information, please contact:
The Goldfield Corporation
Contact: Kristine Walczak
Phone: (312) 780-7205
Email: kwalczak@dresnerco.com

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ABB Ltd. ( NYSE:ABB ), ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people. In Canada ( www.abb.ca ), ABB employs over 2,000 people in 26 locations from coast to coast.

Abbey plc ( LSE:ABBY.L ) main activities are residential housing developments in the UK, Ireland and Prague.

Acciona SA ( OTC:ACXIF ; MCE:ANA.MC ) is one of the foremost Spanish business corporations, leader in the development and management of infrastructure, renewable energy, water and services. ACCIONA Construction is at the forefront in R&D+ and one of the leading construction companies in the world, using the latest techniques to carry out projects. ACCIONA Construction covers the whole range of construction , from engineering to the performance of works and their later maintenance, and also the management of public works concessions, particularly in the field of transport and social infrastructures.

Acuity Brands, Inc., ( NYSE:AYI ) is a North American market leader and one of the world`s leading providers of luminaires, lighting control systems and related products and services with fiscal year 2010 net sales of over $1.6 billion. The Company`s lighting and system control product lines include Lithonia Lighting®, Holophane®, Peerless®, Mark Architectural Lighting(TM), Hydrel®, American Electric Lighting®, Gotham®, Carandini®, RELOC®, Antique Street Lamps(TM), Tersen®, Winona® Lighting, Syner­gy® Lighting Controls, Sensor Switch®, Lighting Control & Design(TM), Dark to Light®, ROAM®, Sunoptics®,  acculampTM) and Healthcare Lighting®. Headquartered in Atlanta, Georgia, Acuity Brands employs ap­proximately 6,000 associates and has operations throughout North America, Europe and Asia.

AECOM Technology Corporation ( NYSE:ACM ) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.1 billion during its fiscal year 2009.

Aecon Group Inc. ( TSX:ARE.TO ) As the largest publicly traded construction and infrastructure development company in Canada, our expertise covers the full range of services, including design and construction, financing, operating, procurement and project management.

Aerofoam Metals Inc. ( OTCPK:AFML ) under the brand Aerometal, manufactures foamed aluminum products for applications in automotive, defense, and aerospace industries.

Alumasc Group plc ( LSE:ALU.L ) is a UK based supplier of premium building and precision engineering products. The majority of the group's business is in the area of sustainable building products which enable customers to manage energy and water use in the built environment. We believe that growth rates in these sectors, through the construction cycle, will exceed UK industry averages.

AMCOL International Corporation ( NYSE:ACO ) produces and markets a wide range of specialty minerals and materials used for industrial, environmental and consumer-related applications. AMCOL operates four primary segments: Minerals & Materials, Environmental, Oilfield Services and Transportation, providing a diverse range of products and services. Major markets served include metalcasting, detergents, pet products, building materials and personal care.

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