HIL - HIL STOCK NEWS

Hill International (NYSE:HIL) has received a contract extension from the Metro Gold Line Foothill Extension Construction Authority, continuing its role in managing Phase 2B of the Foothill Gold Line project. This extension underscores Hill's 12-year relationship with the authority, following their initial involvement in Phase 2A. Phase 2B will add 12.3 miles to the rail network, expected to be completed by 2028. Hill will provide comprehensive management services, ensuring effective stakeholder coordination and robust program controls, reaffirming their expertise and reliability in the construction management sector.

Hill International (NYSE:HIL) has secured a project management contract from Aldar Projects LLC for key infrastructure upgrades in Abu Dhabi. The project encompasses the refurbishment of the Zayed Link Road, enhancing its capacity from single to dual carriageway over approximately 50 km, and constructing a new dual carriageway for Tal Moreeb Road, covering around 22 km. Completion is expected by late 2022. Hill has a long-standing relationship with Aldar and aims to leverage its expertise in managing high-profile developments in the region.

Hill International (NYSE:HIL) has been selected by the Town of Hingham, MA, to provide project management services for the new Public Safety Building. This facility will house the police department and North Fire Station, as the current police facilities have become inadequate since the 1990s. The project commences after a feasibility study and is expected to conclude in 2024. Hill's experienced team will manage all phases from design to completion, aiming to enhance public safety operations during construction. This project aligns with Hill's growth strategy in the New England region.

Hill International (NYSE:HIL) has been awarded a contract by Los Angeles World Airports (LAWA) to oversee airport concessions development and commercial analysis at key LAWA properties, including Los Angeles International Airport (LAX). The contract spans three years with options for two one-year extensions, focusing on enhancing airport property efficiency. Hill's expert teams will provide both commercial and technical advisory services to drive revenue opportunities and support local businesses, crucial for LAWA's post-pandemic recovery.

Hill International, the global leader in managing construction risk, will be presenting at the Sidoti Microcap Virtual Investor Conference on May 19, 2021, at 9:15 am ET. CEO Raouf Ghali and CFO Todd Weintraub will lead the presentation followed by 1x1 investor meetings on May 19 and 20. The presentation will be streamed on Hill's website, emphasizing the company's extensive expertise with over 2,700 professionals across 69 offices worldwide. Hill is recognized by Engineering News-Record as one of the largest construction management firms in the United States.

Hill International, Inc. reported a Q1 2021 net loss of $2.7 million, or $0.05 per diluted share, an improvement from a $6.6 million loss in Q1 2020. Consulting Fee Revenue (CFR) decreased to $72.4 million from $77.2 million, impacted by COVID-19 delays. However, new contract awards totaled $91.5 million, with backlog increasing to $681.3 million. The company reiterated its 2021 guidance, expecting CFR to reach $320 - $330 million, an 8% - 11% increase from 2020, alongside projected adjusted EBITDA of $20 - $22 million.

Hill International (NYSE:HIL) has secured three contracts with the General Services Administration (GSA) to oversee construction and renovation projects across various locations. These projects include managing the U.S. Bankruptcy Court consolidation in Columbus, OH, and the renovation of the CMS Headquarters in Woodlawn, MD, along with roof and façade upgrades at the Bean Federal Center in Indianapolis, IN. These contracts underscore Hill's long-standing relationship with GSA and its commitment to providing efficient and modern facilities.

Hill International (NYSE:HIL) will release its financial results for Q1 2021 on May 10, 2021, after market close. CEO Raouf Ghali and CFO Todd Weintraub will discuss the results during a conference call on May 11, 2021, at 9:00 AM EDT. Interested participants can join the call by dialing (877) 407-9753 for domestic calls or (201) 493-6739 for international calls. Hill International, recognized as the eighth-largest construction management firm in the U.S. by Engineering News-Record, operates globally with around 2,700 professionals in over 69 offices.

Hill International (NYSE:HIL) has promoted Michael Smith to President of the Americas Region, overseeing operational functions and business development efforts across multiple regions. Key promotions include Gregory Heinz as Senior Vice President and Western Region Manager, Luis Lugo as Senior Vice President of Business Development, and Eladio Castrodad as First Vice President for Florida and Caribbean. The company aims to leverage increased federal infrastructure spending and economic recovery opportunities while managing potential challenges.