HIL - HIL STOCK NEWS

Hill International (NYSE:HIL) has secured a $200 million contract from the Tule River Tribe Gaming Authority to support the relocation of the Eagle Mountain Casino. This project, located 17 miles from its current site, includes constructing a new 2,000-seat Event Center, restaurants, and gaming facilities for 1,750 slot machines and 20 table games. Hill will provide various services including construction management and quality control, aiming to enhance tourism as the industry recovers from the pandemic.

Hill International reported significant improvements in Q2 2021, with Consulting Fee Revenue (CFR) rising to $77.7 million from $75.8 million year-over-year. New contract awards surged by 29.1% to $90.4 million, leading to a book-to-burn ratio of 116.4%. The backlog also increased to $672.3 million, marking a favorable trend. Net loss narrowed to $(0.5) million or $(0.01 per diluted share, showing improvement from last year's loss. However, Adjusted EBITDA declined to $3.8 million from $5.3 million. Guidance for CFR of $320 - $330 million in 2021 remains intact.

Hill International (NYSE:HIL) has been awarded a contract by the City of Philadelphia to provide Capital Program Administration support for ongoing projects at Philadelphia International Airport (PHL). With over 20 years of experience in managing PHL’s Capital Program, Hill will assist in capital budget development, financial oversight, and grants management. The team aims to ensure efficient execution of capital projects as air travel recovers post-COVID-19. The continuity of Hill's experienced team is expected to enhance project management and cost savings.

Hill International (NYSE:HIL) announced it has secured a five-year program management contract with the Miami-Dade County Aviation Department for its $5 billion Capital Improvement Program (CIP). This initiative will enhance Miami International Airport and local aviation facilities to accommodate projected passenger growth of 60 million annually and freight traffic of over 4 million tons by 2040. The contract includes the potential for two additional five-year extensions, with improvements aimed at ensuring efficient and safe travel experiences.

Hill International (NYSE:HIL) has been awarded a contract for program management services linked to Miami-Dade County Aviation Department's $5 billion Capital Improvement Program (CIP). This initiative covers modernization projects over the next 15 years at Miami International Airport, anticipating total passengers to reach 60 million annually. Key elements include the redevelopment and expansion of terminals and accommodations for increased freight traffic, projected to exceed 4 million tons by 2040. The contract spans five years, with options for two five-year extensions.

Hill International has been selected by the Municipality of Bucharest for technical assistance on the $400 million Phase 2 of the Glina Wastewater Treatment Plant project. This initiative is part of Romania's Large Infrastructure Operational Program aimed at improving sewage infrastructure for 2.5 million residents. Hill will supervise all project stages, ensuring compliance with international standards, with works expected to continue until 2028. Funded by the EU's Cohesion Fund, this project underscores Hill's role in urban construction as Romania anticipates $95 billion in infrastructure investments.

Hill International (NYSE:HIL) will release its Q2 2021 financial results on August 9, 2021, after market close. A conference call, hosted by CEO Raouf Ghali and CFO Todd Weintraub, is scheduled for August 10, 2021, at 9:00 AM EDT to discuss these results. Interested participants can join the call via phone or listen online through Hill's Investor Relations website. Hill International provides various management and consulting services globally and is recognized as one of the largest construction management firms in the U.S.

Hill International (NYSE:HIL) has secured a contract for construction management services on Loudoun County’s $65 million Recreation and Community Center project in Ashburn, VA. The facility will span 115,000 square feet and include features like a 50-meter competition pool, gymnasiums, and outdoor fitness areas. Construction is set to begin in Q3 2021, with an expected completion in Q2 2024. Hill’s experience with local governments positions it well for this significant community project, highlighting its commitment to understanding local project needs.

Hill International (NYSE:HIL) has secured a project management contract for RAK Properties' Anantara Resort Hotel in Ras Al Khaimah, scheduled for completion in late 2022. The 5-star resort encompasses 71,000 square meters and features 174 luxury accommodations, including water villas and a presidential suite. Chief Executive Officer Raouf S. Ghali noted this project reflects a rebound in tourism, indicating economic recovery in the region. Hill, recognized as a top construction management firm, aims to leverage its resort management expertise for this endeavor.