HIL - HIL STOCK NEWS

Hill International (NYSE:HIL) has been selected by JP Autoceste FBiH to provide technical assistance for a 5.5 KM motorway construction project in Bosnia and Herzegovina, a €188.3 million investment backed by the European Bank for Reconstruction and Development and the European Investment Bank. The project includes a 3.6 KM tunnel and aims to enhance regional connectivity and economic development, potentially creating 750 jobs. This initiative aligns with Bosnia's national transport strategy, improving access for nearly 169,000 residents to education and healthcare.

Hill International reported a net loss of $2.0 million for Q2 2020, translating to $(0.03) per diluted share. Consulting Fee Revenue reached $75.8 million, slightly down from $77.0 million in Q2 2019, affected by COVID-19-related project delays. However, adjusted net income rose to $3.6 million, compared to $1.2 million last year. Hill secured new contract awards totaling approximately $70 million. Total liquidity increased by $8.9 million, while backlog decreased to $647.9 million.

The company's 2020 financial guidance projects CFR between $300 - $310 million.

Hill International (NYSE:HIL) announced that the U.S. Pavilion Project in Spokane, WA, received the National Award of Merit in the Civic/Assembly category from the Design-Build Institute of America. This project is valued at $24.7 million and was recognized for its innovative design-build process. Hill managed the project from procurement to completion, focusing on enhancing the public space while addressing various program changes. The project also won multiple awards, showcasing Hill's commitment to excellence in construction risk management.

Hill International (NYSE:HIL) has been selected by the Natural Gas Infrastructure Company of Cyprus to lead an international consortium for the Cyprus LNG Import Terminal Project, valued at over €289 million ($336 million). Set for a 24-month implementation, this project aims to enhance Cyprus' energy security and reduce costs. Hill will provide owner's engineer services, overseeing design and construction. Co-financed by the EU and local entities, this project marks a significant expansion of Hill's presence in the Eastern Mediterranean energy sector.

Hill International (NYSE:HIL) announced its second-quarter financial results will be released on August 5, 2020, post-market close. CEO Raouf Ghali and CFO Todd Weintraub will discuss the results in a conference call on August 6, 2020, at 12:00 PM EDT. The company emphasizes its role as a leading construction risk management firm, with 2,700 professionals across 65 offices globally. Hill is ranked as the eighth-largest construction management firm in the U.S. by Engineering News-Record.

Hill International (NYSE:HIL) has been awarded a $275 million project management consultancy contract by Indian Oil Corporation Limited (IOCL) for a 60-acre research campus in India. The Indian Oil Technology Development and Deployment Center will focus on renewable energy, nanotechnology, and more. The project aims for a LEED v4 Platinum rating, ensuring high standards in sustainability and health. The consultancy contract spans 41 months, marking a significant opportunity for Hill to demonstrate its capabilities in managing complex projects globally.

Hill International (NYSE: HIL) has been awarded a consultancy contract by Indian Oil Corporation Limited (IOCL) for a new $275 million research campus aimed at sustainability and advanced technology. The development will cover 60 acres and include facilities for renewable energy, nanotechnology, and various industrial laboratories. The project will span 41 months with a goal of achieving LEED v4 Platinum certification. This partnership highlights Hill's expertise in managing complex projects and its commitment to green initiatives, reflecting trust in their capabilities within the industry.

Hill International (NYSE:HIL) has been awarded a contract to provide construction consultancy services for the Elite Reverie project, a luxury mixed-use development in Islamabad, Pakistan. This project spans over 2 million square meters and includes residential units, a five-star hotel, a mall, and recreational facilities. Hill will oversee site supervision, progress control, and quality management to ensure timely and budget-friendly delivery. Senior VP Said Mneimne expressed excitement about expanding Hill's presence in Pakistan, aimed at positively impacting the local real estate sector.

Hill International (NYSE:HIL) has appointed Drew Jeter as President for the Americas Region, effective July 13, 2020. Jeter replaces Michael V. Griffin, who is retiring after 39 years with the company. Jeter brings over 35 years of experience in managing facilities and infrastructure programs, having previously worked at Jacobs Engineering Group. His leadership skills are expected to drive operational growth within Hill's Americas regions.

Hill International, recognized as the eighth-largest construction management firm in the U.S., operates with approximately 2,700 professionals across more than 55 offices worldwide.