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Hill International (NYSE:HIL) has been awarded a contract by the Los Angeles County Metropolitan Transportation Authority to provide construction support services for a major improvement project on U.S. Interstate 5 (I-5). This project will enhance a nearly 14-mile stretch from I-5/SR 14 interchange to Parker Road, focusing on adding high-occupancy vehicle lanes, improving truck lanes, and implementing intelligent transportation systems. Hill aims to ensure the project is completed on time and under budget while enhancing traffic conditions for residents.
Hill International (NYSE:HIL) announced that CEO Raouf Ghali and CFO Todd Weintraub will present at two upcoming investor conferences in November 2020.
The first event is the Benchmark 9th Annual Virtual Discovery One-on-One Conference on November 18, followed by the Sidoti Virtual Microcap Conference 2020 on November 19, which includes a company presentation at 1:45 PM ET.
Investors can access the webcast via Hill's website. Hill International is recognized as the eighth-largest construction management firm in the U.S., with around 2,700 professionals globally.
Hill International (NYSE:HIL) has been selected to provide owner’s representative/project management (OR/PM) services for HRL Laboratories at their Malibu headquarters. The project aims to design and construct backup power systems, essential for maintaining operations during power outages, particularly in California due to earthquakes and wildfires. Hill will oversee the project lifecycle, ensuring compliance and managing budgets. The completion is expected in 2022, and the company emphasizes safety during the ongoing COVID-19 pandemic.
Hill International reported its Q3 2020 financial results, with consulting fee revenue at $71.5 million, down from $75.7 million in Q3 2019, mainly due to COVID-19 impacts. Net income was $2.1 million or $0.04 per share, compared to $2.5 million in the previous year. New contract awards totaled $154.5 million, achieving a book-to-burn ratio of 216%. The company improved cash flow from operations to $7.8 million. Backlog increased to $672.9 million, reflecting strong bookings despite pandemic-related challenges.
Hill International (NYSE:HIL) has acquired a licensed New York State Engineering corporation, enabling the company to provide resident engineering and inspection services to clients in New York City and State. This acquisition marks a significant growth opportunity for Hill in a key U.S. operating region. CEO Raouf Ghali emphasized the expansion of service offerings and commitment to client service evolution. The company aims to leverage its experience from infrastructure projects across the U.S. to enhance service quality for New York metro area clients.
Hill International (NYSE:HIL) will announce its Q3 financial results for the period ending September 30, 2020, on November 9, 2020. Following the release, a conference call will be held on November 10, 2020, at 9:00 am EST, led by CEO Raouf Ghali and CFO Todd Weintraub. Participants can join via phone or online through Hill's Investor Relations site. Hill International ranks as the eighth-largest construction management firm in the U.S., employing around 2,700 professionals globally. The company emphasizes forward-looking statements regarding future operations and potential risks.
Hill International has been awarded a contract for providing project management services for the Kasr Al-Ainy Hospitals Development project at Cairo University. This EGP 5 billion initiative aims to renovate existing facilities and expand hospital capacity by 300%, improving healthcare delivery and training. Annually, Kasr Al-Ainy serves 7.3 million patients and will enhance its specialized services with this project. Hill's CEO noted ongoing opportunities in the North African healthcare sector, emphasizing the significance of such mega-projects for economic growth.
Hill International (NYSE: HIL) announced a significant contract for project management and supervision services for the New Administrative Capital City and 6th of October City Monorail project in Egypt. Valued at approximately $4 billion, this project will be the first monorail in North Africa, with a combined length of 98.5 km, transporting about 45,000 passengers per hour. The CEO emphasized Egypt's growth potential in infrastructure, while the project aims to connect Greater Cairo with surrounding cities, enhancing mobility and transit efficiency.
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