Contraction

CEMATRIX Announces $7.6 Million in New Contracts and a Reduction in Scope of a Previously Awarded Tunnel Project

Retrieved on: 
Friday, April 26, 2024
Contraction, Communication, Growth, Letter, CVX

A portion of the $7.6 million in new contracts is derived from two projects, with price tags greater than $1 million Canadian, and were previously included in Contracts in Process.

Key Points: 
  • A portion of the $7.6 million in new contracts is derived from two projects, with price tags greater than $1 million Canadian, and were previously included in Contracts in Process.
  • These projects include a $1.9 million load reducing fill project and a $1.4 million dollar tunnel project which are located in the U.S.
  • The balance of the new contracts totalling approximately $4.3 million is made up of numerous projects up to $1.0 million each which are also scheduled to be completed in 2024.
  • This tunnel project is currently underway, with our portion of the project now scheduled to proceed later this year and is to be completed in 2025.

CEMATRIX Announces $6.7 Million In New Contracts

Retrieved on: 
Wednesday, March 6, 2024
Letter, CVX, Contraction, Communication

CALGARY, Alberta, March 06, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.7 million in new and modified contracts, bringing its total contracts announced since the beginning of the fiscal 2024 year to $12.9 million.

Key Points: 
  • CALGARY, Alberta, March 06, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.7 million in new and modified contracts, bringing its total contracts announced since the beginning of the fiscal 2024 year to $12.9 million.
  • “These new contracts add to the momentum built throughout 2023 that delivered record revenues for CEMATRIX,” stated Jeff Kendrick, CEMATRIX President and CEO.
  • Factoring in these new contracts, changes to existing contracts and after deducting sales to the end of January, the company backlog is approximately $100.0 million as of March 6th, 2024.
  • The Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date.

Sunrun Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, LMI, Revenue stream, Solar energy, Contraction, GEA, Absorption, Vivint Solar, Growth, Solar System, Customer, ITC, CO2, Renewal, Economics, Asset, Renewable energy

Customers grew 17% in the fourth quarter of 2023 compared to the fourth quarter of 2022.

Key Points: 
  • Customers grew 17% in the fourth quarter of 2023 compared to the fourth quarter of 2022.
  • Subscriber Value was $50,302 in the fourth quarter of 2023, an 18% increase compared to the fourth quarter of 2022.
  • Total revenue was $516.6 million in the fourth quarter of 2023, down $92.6 million, or 15%, from the fourth quarter of 2022.
  • During the fourth quarter of 2023, Sunrun recorded a $58.7 million non-cash charge related to its investment in Lunar Energy.

CEMATRIX Announces $6.2 Million Increase in Contracts

Retrieved on: 
Wednesday, January 3, 2024
CVX, Contraction, Letter, Communication, Rare-earth element

CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.2 million in new contracts, bringing its total contracts announced since the beginning of the fiscal 2023 year to $63.3 million.

Key Points: 
  • CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.2 million in new contracts, bringing its total contracts announced since the beginning of the fiscal 2023 year to $63.3 million.
  • “These new contracts add to the momentum built throughout the year which has delivered record growth in 2023 for CEMATRIX,” stated Jeff Kendrick, CEMATRIX President and CEO.
  • “We continue to safely and efficiently execute the backlog that we have developed over the past few years, and we continue to maintain and build our backlog organically with a healthy mix of repeat business and new customers.”
    “The majority of the $6.2 million in new contracts are new projects, not previously included in Contracts in Process, and includes a $3.4 million wharf backfill project in the Gulf States and a $1.3 million fill project in the Northeast U.S. Each of these projects are scheduled to be completed in 2024.”
    “After the change related to these new contracts, our backlog remains strong at approximately $94.9 million as of December 31st, 2023.”
    The Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date.
  • Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication.

Intuitive Machines Reports Third Quarter 2023 Financial Results and Reaffirms Expected Launch of First Lunar Mission

Retrieved on: 
Monday, November 13, 2023
EBITDA, Department of Defence, Control, Air Force Research Laboratory, Contraction, Depreciation, NASA, Intuition, Machine, Intuitive Machines, Assembly, GAAP, CLPS, Adjustment, Software, Lunar Terrain Vehicle, Commercial Lunar Payload Services, Communications satellite, Online shopping

Intuitive Machines CEO Steve Altemus said, “During the third quarter, we continued to execute on our operational milestones.

Key Points: 
  • Intuitive Machines CEO Steve Altemus said, “During the third quarter, we continued to execute on our operational milestones.
  • Participants may access the call at 1-877-451-6152, international callers may use 1-201-389-0879, and request to join the Intuitive Machines earnings call.
  • A webcast replay will be available through the same link on the investors portion of the Intuitive Machines’ website at https://investors.intuitivemachines.com.
  • Other companies, including companies in Intuitive Machines’ industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure.

CEMATRIX Announces $6.5 Million In New Contracts

Retrieved on: 
Monday, October 16, 2023
Letter, Communication, Corporation, Contraction, CVX, Natural gas

CALGARY, Alberta, Oct. 16, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce it has signed $6.5 million in new contracts since the last announcement, bringing its total contracts announced since the end of the fiscal 2022 year to $44.8 million and $81.4 million since August 3, 2022.

Key Points: 
  • CALGARY, Alberta, Oct. 16, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce it has signed $6.5 million in new contracts since the last announcement, bringing its total contracts announced since the end of the fiscal 2022 year to $44.8 million and $81.4 million since August 3, 2022.
  • Over $40 million of the current backlog is contracted and is scheduled for 2023, a 38% increase compared to total sales of $29 million for the fiscal 2022 year.
  • The Corporations backlog is comprised of contracts in the amount of $46.8 million and Contracts in Process in the amount of $46.9 million.
  • “The $6.5 million increase in contracts includes new infrastructure projects across North America, two of which exceed $1 million.

Culp Announces Results for First Quarter Fiscal 2024, With Better-than-Expected Operating Improvement and Continued Solid Financial Position

Retrieved on: 
Wednesday, August 30, 2023
Textiles, Manufacturing, Borrowing base, Operating cost, Pressure, Rationalization, Loss, Capital expenditure, Face, Share repurchase, Calendar, Public expenditure, EBITDA, CUF, Investment, Webcast, Growth, Contraction, CHF, Financial management, NYSE, Video game, Security (finance), Retail

Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 30, 2023.

Key Points: 
  • Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today reported financial and operating results for the first quarter ended July 30, 2023.
  • This segment also achieved a 52 percent improvement in its operating results as compared to the prior-year period, and a 45 percent improvement as compared sequentially to the prior quarter.
  • CULP achieved sequential and year-over-year improvement in its operating results for the first quarter of fiscal 2024, although as expected, sales were pressured by ongoing industry demand softness.
  • Culp, Inc. will hold a conference call to discuss financial results for the first quarter of fiscal 2024 on August 31, 2023, at 11:00 a.m. Eastern Time.

CEMATRIX Announces a $10.7 Million Increase in Contracts

Retrieved on: 
Wednesday, August 30, 2023
Communication, Contraction, Corporation, CVX, Central U.S. hardwood forests, Letter, Rare-earth element

The $40 million in scheduled 2023 backlog is contracted and a portion of these contracts have already been placed in 2023.

Key Points: 
  • The $40 million in scheduled 2023 backlog is contracted and a portion of these contracts have already been placed in 2023.
  • The Corporations backlog is comprised of contracts in the amount of $55.7 million and Contracts in Process in the amount of $52 million.
  • “The $10.7 million increase in contracts represents $4.7 million in new contracts along with a $6 million increase in a previously announced contract.
  • The $7.7 million increase in backlog related to contacts in process is mainly attributed to two new contracts valued at over $1 million each.

SupplyChainBrain Names Open Sky Group Among 100 Great Supply Chain Partners for 11th Time

Retrieved on: 
Monday, August 14, 2023
Cornerstone, Knowledge, Contraction, Running, Transport, Attitude, Humble Bundle, Marketing

RALEIGH, N.C., Aug. 14, 2023 /PRNewswire-PRWeb/ -- Nominations from Clients Drive Selection Process, Attesting to High Satisfaction Performance by Contracted Suppliers

Key Points: 
  • Open Sky Group is proud to be named to SupplyChainBrain's 2023 "100 Great Supply Chain Partners" listing for the eleventh time.
  • RALEIGH, N.C., Aug. 14, 2023 /PRNewswire-PRWeb/ -- Nominations from Clients Drive Selection Process, Attesting to High Satisfaction Performance by Contracted Suppliers
    Open Sky Group , global specialists in supply chain implementation solutions, just claimed its eleventh appearance on SupplyChainBrain's annual list of 100 Great Supply Chain Partners, started by the publication in 2002.
  • "For twenty-one years and running, SupplyChainBrain has published our much-anticipated list of 100 Great Supply Chain Partners — a select group of companies whose customers recognize them for providing outstanding solutions and services," said SupplyChainBrain Publisher, Brad Berger.
  • To review this year's list of 100 Great Supply Chain Partners, visit SupplyChainBrain online.

CEMATRIX Announces $5.9 Million in New Contracts - Backlog Grows to $99.4 Million

Retrieved on: 
Wednesday, July 19, 2023
Communication, Contraction, CVX, Letter, Cryptocurrency

$49.6 million of the Corporation’s current backlog is now Contracted and $49.8 million is Contracts in Process.

Key Points: 
  • $49.6 million of the Corporation’s current backlog is now Contracted and $49.8 million is Contracts in Process.
  • $39.9 million of the total backlog is scheduled for 2023.
  • $36.1 million of the 2023 scheduled backlog is contracted and a portion of these contracts have already been placed in 2023.
  • $27.6 million of the $39.9 million backlog scheduled for 2023 comes from these 14 projects.