Welcome to our dedicated page for HIL news (Ticker: HIL), a resource for investors and traders seeking the latest updates and insights on HIL stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HIL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HIL's position in the market.
Hill International has been selected by the Washington State Department of Transportation to provide General Engineering Consultant services for the System Electrification Program, aiming to electrify the state's ferry system. This initiative will transition to a fleet of hybrid electric ferries, reducing greenhouse gas emissions by 76% and cutting energy costs. The program, which is part of a $1B investment in transportation, will require approximately $3.98 billion in total, with $3.7 billion for vessel electrification and $280 million for terminals. Hill's experienced team will manage various aspects of the project to ensure it meets its goals efficiently.
Hill International has been awarded a contract by the Madrid Health Service to provide technical support services for the Technical Control Unit (TCU) over three years, valued at €2.96 million. This includes monitoring and evaluating facility management services in hospitals managed under concessions.
Key executives expressed confidence in leveraging best practices from similar projects to enhance operations for the Madrid Health Service, emphasizing the company's commitment to adapt to evolving challenges in healthcare projects.
Global Infrastructure Solutions Inc. has successfully merged with Hill International, Inc. in an all-cash transaction valued at approximately
Hill International (NYSE:HIL) has secured a contract to provide construction management services for a $400 million healthcare project in Amman, Jordan, on behalf of the Saudi Jordanian Fund for Medical Educational Investment Company (SJFMEI). The project encompasses a 330-bed university hospital, 72 outpatient clinics, a children's hospital, and a medical school with a capacity for 600 students. Additionally, it will feature five centers of excellence focusing on non-communicable diseases and support advanced research in several medical fields.
Hill International (NYSE:HIL) has been selected by JSC Almaty Power Plants to provide project management for the modernization of the Almaty Combined Heat and Power (CHP) Plant. This project aims to shift the energy source from coal to natural gas, resulting in a 56% reduction in CO2 emissions, approximately 3 million tons annually. The project's initial phase entails modernization of a 200 MWe unit, with completion anticipated by 2026. This initiative is part of the European Bank for Reconstruction and Development's Green Cities Program, promoting sustainable energy in Almaty.
Hill International reported a significant increase in third-quarter revenue, totaling $109.6 million, up from $96.6 million year-over-year. Consulting Fee Revenue rose by 10.5% to $85.1 million. However, the company faced a net loss of $(0.7) million, or $(0.01) per diluted share, compared to a net income of $1.3 million in the prior year. The cash provided by operating activities decreased to $1.4 million from $6.2 million a year earlier. Hill is proceeding with its merger with Global Infrastructure Solutions Inc., expected to complete in Q4 2022.
Hill International has been awarded a contract by the Southern California Regional Rail Authority (SCRRA) to provide support for its system-wide track, structure, and signal rehabilitation program. The project includes replacing approximately 27,000 ties and 43,000 LF of rail, as well as rehabilitating turnouts and signals across multiple locations. These efforts aim to maintain a State of Good Repair (SOGR) for Metrolink services, which operate across 538 route miles in Southern California. Hill will contribute through various management and engineering services, led by a skilled team to enhance rail safety and efficiency.
Hill International (NYSE:HIL) has been awarded a project by Noval Property and Brook Lane Capital to provide construction and project management services for a new high-end office complex in Athens, Greece. This development will cover 56,000 SM and include four five-story buildings, offering 600 parking spaces and landscaped areas. Designed by Foster and Partners, the project aims for LEED Gold certification and high energy efficiency. Hill's expertise in mixed-use developments showcases its capabilities in addressing urban construction challenges.
Hill International has been selected by Egypt's Ministry of Defense to provide project management and consultancy for the new International Stem Cell and Regenerative Medicine Research and Therapeutic Center. This initiative aims to enhance Egypt's healthcare infrastructure and includes a research facility, animal welfare facility, and bioreactor facility. The Center will focus on stem cell research and regenerative medicine, utilizing advanced medical technology. Hill's involvement highlights its commitment to impactful projects in the region, with a focus on advancing healthcare and contributing to global stem cell research.
Global Infrastructure Solutions Inc. (GISI) and Hill International (NYSE:HIL) have amended their merger agreement to an all-cash transaction valued at approximately US$207 million, or $3.40 per share, reflecting a 19.3% price increase from the previous offer of $2.85. This merger is set to enhance competitiveness and accelerate growth in the infrastructure consulting market. The transaction requires approval from Hill's stockholders and is expected to close in Q4 2022, pending regulatory reviews. Hill may receive interim capital from GISI to support ongoing growth opportunities.
FAQ
What is the market cap of HIL (HIL)?
