Protecting the Appalachian Trail, Conserving Important Natural Lands, and Helping Local Recreation-based Economies
CANONSBURG, Pa.--(BUSINESS WIRE)--The Appalachian Trail Conservancy (Conservancy), The Conservation Fund (the Fund), and Mountain Valley Pipeline, LLC (Mountain Valley), today announced a conservation stewardship agreement that will advance the Conservancy’s work to manage and protect the Appalachian National Scenic Trail (Trail), help the Fund secure additional conservation lands for public use, and enhance Trail-related community economic development. As part of the agreement, Mountain Valley has committed up to $19.5 million for use by the Conservancy to conserve land along the Trail corridor and support outdoor recreation-based economies in Virginia and West Virginia.
“Ensuring that lands around the Appalachian Trail are conserved and connected is not only essential to protecting the most famous hiking trail in the world but also critical to preserving a wide variety of additional values,” said Laura Belleville, ATC’s Vice President of Conservation and Trail Programs. “Whether it’s conserving high-priority climate-resilient lands or safeguarding iconic vistas from the Trail, this agreement will greatly advance the pace and scale of the Appalachian Trail Conservancy’s mission-critical landscape conservation work. Protection of critical lands in Virginia and West Virginia will also help local recreation-based economies who rely on these lands to sustain a host of outdoor recreation activities.”
Dedicated for use in West Virginia and southwest Virginia, Mountain Valley’s voluntary commitment is the largest funding package in the Conservancy’s history to advance conservation efforts in a single geography. The funds are intended to benefit Trail users and communities in the region; conserve land with significant natural resource values, including climate resiliency; and support the outdoor recreation economies of local communities. The Conservancy, working with the Fund, will use Mountain Valley’s funding to secure a net conservation gain to the Trail, as well as to benefit the public natural resources of the region near the Trail, including the Jefferson National Forest.
“One of MVP’s primary objectives is the preservation and protection of our cultural, historical, and environmental resources and we are very pleased to be working with these two outstanding organizations," said Diana Charletta, president and chief operating officer, EQM Midstream Partners, operator of MVP. "We understand the sensitivities that surround the blending of large-scale infrastructure projects with environmental protection and we recognize the importance of continuing to develop major energy projects in a responsible manner.”
Charletta continued: “The Conservancy’s mission to protect, manage, and advocate for the Appalachian National Scenic Trail aligns with MVP’s desire to identify sustainable solutions that address MVP’s potential impacts and enhance conservation efforts in the region for the future. The Appalachian Trail is a national treasure and, by working together, we will provide beneficial outcomes for the region, the environment, and our communities. This agreement demonstrates that the country can continue to meet its energy needs while also providing a net benefit to the Appalachian Trail.”
More than a year ago, Mountain Valley initiated outreach to the Conservancy and the Fund, and numerous other conservation stakeholders, seeking assistance to identify and develop sustainability efforts that would complement MVP’s infrastructure project. The Conservancy raised concerns about potential impacts from the project and accepted Mountain Valley’s invitation to identify solutions. The outcome of these discussions empowers the Conservancy to acquire high-priority lands near the Trail in Virginia and West Virginia. These tracts will enhance the Trail hiker experience and protect views from numerous vantage points. Other protected tracts will create buffers for designated Wilderness Areas and safeguard climate resilient habitats.
“We are pleased to support the Appalachian Trail Conservancy’s efforts to protect key lands along the Trail to enhance outdoor access and support the recreation-based economies of nearby communities,” said Heather Richards, Virginia state director for The Conservation Fund. “We thank Mountain Valley Pipeline for its voluntary stewardship, which will advance important conservation efforts in Virginia and West Virginia.”
In addition, the agreement adds significant Trail-related benefits to the array of environmental commitments Mountain Valley will implement under federal and state permits. There is no relationship between this voluntary agreement and the various federal or state permitting decisions, and Mountain Valley will continue working directly with the agencies to fully address their concerns related to the places, resources, and public values for which they are responsible. Similarly, the Conservancy will continue to engage in the federal permitting process, as it has previously done.
Recognizing the societal controversy regarding natural gas infrastructure projects, Mountain Valley is demonstrating its willingness to acknowledge its potential impacts, as well as its responsibility to be a good corporate citizen. The agreement among Mountain Valley, the Conservancy, and the Fund will result in thousands of acres protected in perpetuity, an enhanced Trail experience, and support for communities in Virginia and West Virginia.
About Appalachian Trail Conservancy
The ATC was founded in 1925 by volunteers and federal officials working to build a continuous footpath along the Appalachian Mountains. A unit of the National Park System, the A.T. ranges from Maine to Georgia and is 2,193 miles in length. It is the longest hiking-only footpath in the world. The mission of the ATC is to protect, manage, and advocate for the Appalachian National Scenic Trail. For more information, please visit www.appalachiantrail.org.
Contact: Jordan Bowman || The Appalachian Trail Conservancy || This email address is being protected from spambots. You need JavaScript enabled to view it.
About The Conservation Fund
At The Conservation Fund, we make conservation work for America. By creating solutions that make environmental and economic sense, we are redefining conservation to demonstrate its essential role in our future prosperity. Top-ranked for efficiency and effectiveness, we have worked in all 50 states since 1985 to protect more than eight million acres of land. Visit www.conservationfund.org.
Contact: Ann Simonelli || The Conservation Fund || This email address is being protected from spambots. You need JavaScript enabled to view it.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. Subject to approval and regulatory oversight by the Federal Energy Regulatory Commission, the MVP will be constructed and owned by Mountain Valley Pipeline, LLC – a joint venture of EQM Midstream Partners, LP; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream, Inc.; and RGC Midstream, LLC. The MVP was designed to transport clean-burning natural gas from the prolific Marcellus and Utica shale regions to the growing demand markets in the Mid-Atlantic and Southeast areas of the United States. EQM Midstream Partners, primary interest owner, will operate the pipeline. From planning and development, to construction and in-service operation – MVP is dedicated to the safety of its communities, employees, and contractors; and to the preservation and protection of the environment. Visit www.mountainvalleypipeline.info
Contact: Natalie Cox || Mountain Valley Pipeline || This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: Equitrans Midstream Corporation
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Aggreko demonstrates commitment to exceptional customer experience with continuous improvement processes
HOUSTON--(BUSINESS WIRE)--Aggreko plc today announced its Technical Services and Engineering (TS&E) team in North America is now ISO 9001:2015 certified for their Project Management and Engineering services related to rental project execution. The certification reflects Aggreko’s commitment that its Quality Management System (QMS) for project management and service meets the same high-quality standards rental equipment customers adhere to in their own operations.
ISO 9001:2015 is an internationally recognized certification indicating a company’s dedication to customer satisfaction and efficient practices. It demonstrates that an organization has met an exceptional standard for its QMS and that they have consistently provided services that have met all statutory and regulatory requirements.
The certification ensures Aggreko meets the safety, statutory and regulatory requirements of customers, regardless of their location or the type of engineered rental solution being deployed − from power, cooling and heating, to dehumidification or oil-free air. Though every engineered rental solution job is unique, customers will see a consistent approach to Aggreko’s engineering and project management, all driven by efficiency and effectiveness in design and delivery of complex projects.
“We undertook this rigorous 15-month certification process because we wanted the Aggreko customer experience to consistently be an exceptional one,” said Mike Steffney, Process Design Specialist of Aggreko, who led the ISO certification project. “Typically, in the rental industry customers receive whatever level of service is delivered by the project manager assigned to each job, which means clients have a broad range of experiences. We wanted clients to know the Aggreko experience is reliably consistent, well documented and constantly improving – at the same stringent high standards of the customers’ operations. The ISO 9001:2015 certification communicates that differentiator without explanation.”
To earn ISO 9001:2015 compliance, Aggreko performed a rigorous and comprehensive QMS audit, devised and implemented processes, protocols and procedures for customer needs assessment, site surveys, documentation of site-specific issues, job safety assessments, job communication and project management from installation through de-commissioning. Detailed documentation tracks each aspect of the job, as well as establishes a baseline for evaluation and process and project management improvements that can be applied to future jobs.
“Additionally, collective data allows support services such as HSE and sales, as well as senior management, to gain insights about what engineers, technicians and customers need before, during and after each job so that the whole organization is focused on creating an exceptional customer experience,” added Daryl Pool, Aggreko North America Technical Services Leader.
To learn more about Aggreko’s services, visit Aggreko.com.
Around the world, people, businesses and countries are striving for a better future - a future that needs power and the right conditions to succeed.
Aggreko works round the clock, making sure everyone gets the electricity, heating and cooling they need, whenever they need it – all powered by our class-leading equipment, trademark passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world’s busiest cities to some of the most remote places on earth.
That’s what has made us the world’s leading provider of modular, mobile power and heating and cooling. We’ve been in business since 1962. We have more than 7,300 employees, operating from around 200 locations in 100 countries. With revenues of approximately GBP 1.7bn (USD 2.2bn or Euros 2bn) in 2017, we are listed on the London Stock Exchange (AGK.L) and have our headquarters in Scotland.
Our business helps transform the lives and livelihoods of individuals, organisations and communities across the globe, in both developed and developing countries and markets.
We operate across all sectors, including oil and gas, petrochemical and refining, utilities, manufacturing, construction, mining and events.
We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland and work with leading innovators to ensure our equipment offers maximum fuel flexibility, by using gas, diesel (including HFO) and renewable fuel sources.
For more information, please visit our local website at: aggreko.com
Ward for Aggreko
Ania Czarnecka or Laura Aebi
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PG&E Encourages Customers to Conserve Electricity as California ISO Declares Flex Alert on Monday
Conserve Power Between 3 p.m. and 10 p.m.
SAN FRANCISCO--(BUSINESS WIRE)--Based on current energy supply forecasts, rotating power outages are likely to occur Monday. Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to the California Independent System Operator’s (ISO) statewide Flex Alert called for Monday from 3 p.m. to 10 p.m. CAISO is the organization that manages the state's power grid.
The CAISO on Friday (Aug, 14) announced a series of Flex Alerts amid forecasts of extended, above-normal temperatures across California. Extreme heat is forecasted to last at least through the middle of this week. Prolonged heat through Thursday is expected to drive electricity demand higher, as nighttime temperatures are also forecast to be above average.
Outages are estimated to last one to two hours. PG&E’s Emergency Operations Center is activated and working closely with the CAISO to support this event.
Reason for Rotating Outages
Rotating outages (Stage 3 Emergencies) become necessary when the CAISO is unable to meet minimum contingency reserve requirements and load interruption is imminent or in progress. These emergencies are declared by the CAISO. During these emergencies, the CAISO will typically order the state's utilities, including PG&E, to reduce electric load by turning off service immediately to prevent larger outages on the grid. Due to the emergency nature of these outages, utilities will not be able to give advance warning to customers.
These outages are not Public Safety Power Shutoffs, which are called during specific high fire-threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.
Energy Conservation Needed Now
PG&E strongly urges customers to reduce electricity use during the Flex Alert on Monday, especially during the afternoon and evening, when air conditioners are typically at peak use. Customers should also follow these conservation tips:
PG&E Tips to Stay Safe and Cool
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it will issue its financial results press release for the second quarter ended June 30, 2020 on Wednesday, August 19, 2020 after the close of the stock market. Management will host a conference call that day at 4:30 pm Eastern Time to discuss the results.
Interested parties may participate in the call by dialing:
The conference call also will be accessible via the following link: https://78449.themediaframe.com/dataconf/productusers/gvp/mediaframe/40287/indexl.html
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is a proven solution provider, with more than four decades of industry experience and more than 1,100 installations serving hundreds of customers in over 50 countries spanning the globe. www.gses.com
Company Contact
GSE Solutions
Kyle Loudermilk, Chief Executive Officer
(410) 970-7800
Investor Contact
The Equity Group
Kalle Ahl, CFA
(212) 836-9614
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SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC (“Petrie”).
“Petrie has been a great partner for Abraxas in the past,” said Bob Watson, Abraxas CEO. “Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine ways to optimize value. Our strong, concentrated asset bases in the Delaware and Williston Basins, as well as our excellent hedge book, position Abraxas for success on a standalone basis and also make us an attractive transaction partner.” Petrie’s Jon Hughes and Richard Moss will lead the engagement.
Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountains and Permian Basin.
Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.
Steve Harris/Vice President – Chief Financial Officer
Telephone 210.490.4788
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www.abraxaspetroleum.com
New Energy Saver Tool and website provides central location for energy-saving programs
COLUMBIA, S.C.--(BUSINESS WIRE)--The South Carolina Energy Office, housed within the Office of Regulatory Staff, has launched a new online Energy Saver Tool and website to help consumers easily find energy-saving programs. The tool and website were built in partnership with NIC South Carolina, the state’s digital government services provider.
Finding energy-saving programs can involve visiting multiple websites and be frustrating for consumers. Now consolidated in one central, online location, these programs can be accessed through the Energy Saver Tool on EnergySaver.SC.GOV. The tool offers an easy way for the public to answer a few simple questions and find energy-saving programs available to them. Users can also search by category or by program name to find specific program information. Programs and results are printable and can be shared by exporting to a PDF or Excel file.
The Energy Office will keep the inventory of energy-saving programs up-to-date and can pull comprehensive program reports through a back-end administrative tool.
“After discussions with stakeholders during our development of the State Energy Plan, we recognized the need for an organization to provide this resource and took on the challenge,” said Anthony James, Director of the Energy Office. “EnergySaver.SC.GOV will make it easier for consumers to see what’s out there, and we’re happy to provide the access to this valuable information.”
In addition, the Energy Saver website includes energy-saving tips for homes and businesses in a user-friendly and easy-to-follow format.
The Energy Saver Tool and website were built through a partnership between the Energy Office and NIC South Carolina who provides SC.gov for the state of South Carolina.
ABOUT SC.gov
SC.gov is the official website of South Carolina government (http://www.SC.gov) and a collaborative effort between the State and NIC South Carolina, previously South Carolina Interactive, LLC, to enable citizens to conduct state business online and improve public access to government information. The South Carolina Department of Administration’s Division of Technology Operations provides guidance to NIC South Carolina which is responsible for operating, maintaining, and marketing SC.gov. NIC South Carolina is part of digital government firm NIC’s (NASDAQ: EGOV) family of companies.
ABOUT NIC
NIC Inc. (Nasdaq: EGOV) launched the digital government industry in 1992, and continues to lead it, providing a secure payment engine and thousands of digital government solutions across a network of more than 6,000 federal, state, and local government agencies. In addition, NIC is a leading provider of outdoor recreation solutions, with 1 out of 6 hunting and fishing licenses in the United States sold using an NIC service. The company created the nation's first personal assistant for government and comprehensive mobile platform, Gov2Go®, as well as the innovative, data-driven prescription drug monitoring platform, RxGov®. More information is available at www.egov.com.
ABOUT THE ENERGY OFFICE
The Energy Office, housed within the South Carolina Office of Regulatory Staff, serves as the principal energy planning entity for the state. The mission of the Energy Office is to advance South Carolina’s energy strategy and policy through education and outreach. The Energy Office promotes the efficient use of all energy sources. In addition, the Energy Office encourages energy efficiency, renewable energy, and clean transportation through a broad range of initiatives that include developing the State Energy Plan, providing technical assistance, offering financial assistance, conducting education and outreach, and maintaining an energy data resource. More information is available on ENERGY.SC.GOV.
Corinne Holland
General Manager
NIC South Carolina, SC.gov
(803) 771-0131
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Ron Aiken
Media Relations and Special Projects Manager
South Carolina Office of Regulatory Staff
(803) 200-8809
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TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE:OC) is celebrating the 40th anniversary of its relationship with The Pink Panther™. Through the years, the iconic MGM character and company “spokescat” has grown to become one of the world’s most recognizable and beloved brand mascots.
Owens Corning began partnering with The Pink Panther to promote sales of PINK® Fiberglas™ insulation on August 15, 1980. Since that time, the suave cartoon character has starred in countless television, print, and digital media promotions for the company and its businesses. The Pink Panther also adorns the vehicles of hundreds of select contractors, distributors and builders working with the company’s Roofing and Insulation businesses.
“The relationship between Owens Corning and The Pink Panther is nothing short of remarkable,” said Suzanne Harnett, Owens Corning’s Vice President of Corporate Affairs. “For 40 years, The Pink Panther has been a smart and stylish ambassador for our company speaking persuasively to our brand promise despite never uttering a word.”
Robert Marick, MGM’s Executive Vice President Global Consumer Products and Experiences, said, “Marking 40 years of The Pink Panther as spokesperson for Owens Corning is a true moment to celebrate. It’s rare that you see a promotional relationship like this continue for decades. It speaks to both the timelessness and universal appeal of The Pink Panther, as well as Owens Corning’s ability to make him an integral part of their marketing and platforms.”
The company’s enduring relationship with The Pink Panther began the same year that saw the introduction of CNN, Pac-Man, and Post-it® Notes, and it has since coincided with the terms of seven U.S. presidents.
The concept for pairing The Pink Panther with Owens Corning was first suggested by Roger Butler, an executive at the New York-based advertising agency Ogilvy & Mather. The association was natural given the color of the company’s insulation, which has brandished its distinctive pink hue for more than 60 years. The color was added in 1956 when the company was testing a new form of the product. It distinguished the new all-fiber product from the standard insulation for installers who liked the new option and began asking for “the pink insulation.” After demonstrating decades of widespread use of the color PINK®, Owens Corning became the first company to receive a trademark for a color, on May 12, 1987.
The Pink Panther was developed by animation cartoonists Friz Freleng and David Depatie as the opening title sequence for the 1964 film, “A Shot in the Dark,” starring Peter Sellers. The film was a box-office hit, but no less compelling was the sly, breezy Pink Panther himself. As a result, his movie career was expanded into animated cartoons, books, merchandise and ultimately, a starring turn as brand mascot for Owens Corning.
About Owens Corning
Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500® company for 66 consecutive years. For more information, please visit www.owenscorning.com.
About Metro Goldwyn Mayer
Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network EPIX, which is available throughout the U.S. via cable, satellite, telco and digital distributors. In addition, MGM has investments in numerous other television channels, digital platforms, and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.com.
About The Pink Panther
Created in 1963, The Pink Panther is an animated character who appeared in the opening and/or closing credit sequences of almost every film in “The Pink Panther” series. The character's popularity resulted in more than 125 theatrical shorts and various television series, specials and cartoons. The character is closely associated with "The Pink Panther Theme," composed by Henry Mancini. More than 50 years later, The Pink Panther continues to be discovered by new generations and remains one of MGM’s most well-known franchises due to its captivating charm that appeals to all ages. The Pink Panther has left his mark on pop culture through collaborations with a number of top fashion brands. The combination of The Pink Panther and Owens Corning has resonated with consumers since the partnership’s inception, but last year things were taken to a new level when style icon Virgil Abloh used PINK® Fiberglas™ insulation to create his Pink Panther: Scales of Justice exhibit, which made its debut at the Museum of Contemporary Art in Chicago.
THE PINK PANTHER™ & © 1964-2020. Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved.
Owens Corning Company News
Media Inquiries
Todd M. Romain (419.248.7826)
HOUSTON--(BUSINESS WIRE)--Allied Power Group (“APG”) is pleased to announce it has acquired Combustion Parts Inc. (“CPI”), a leading provider of combustion components for heavy-frame industrial gas turbines. Lori Jenks, one of the founders of CPI, has joined the APG team.
“I am excited to marry CPI’s deep combustion parts experience with APG’s global service offering. Through this partnership, we will continue to provide quality and reliable components to an expanded customer base,” expressed Ms. Jenks.
In announcing the acquisition, APG’s President, Jim Masso, noted, “CPI produces the highest quality E- and F-class combustion hardware in the industry. We are thrilled to welcome CPI as part of the APG family of company's, enabling us to provide more comprehensive products and services to our customers.”
About APG
APG is a growing independent provider of critical components and services to its customers in the power generation, refining, pipeline, and general industrial sectors. Allied’s fully integrated suite of Industrial Gas Turbine products and services include engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair, and an expansive inventory of refurbished parts. The Allied team is comprised of seasoned industry veterans with expertise in engineering and access to the latest technology which allow it to provide its customers with innovative and flexible solutions.
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Jeremy Clifton, Vice President Sales & Marketing, Allied Power Group
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Jason Brown, Senior Vice President Business Development, Allied Power Group
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LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, announced today that Troy Rudd, AECOM’s chief executive officer, will participate in a fireside chat hosted by Citi on August 19th at 11 a.m. Eastern Time. The discussion will include prepared remarks and a question and answer session, with a focus on the Company’s strategic and financial priorities.
“I am proud of how the organization has banded together to deliver exceptional performance despite the unprecedented challenges facing our teams, clients, and the communities in which we work,” said Mr. Rudd. “I look forward to discussing in more detail how, in partnership with Lara Poloni, our president, and our great leadership team, we are continuing our transformation into a higher-margin, lower-risk Professional Services business with a key objective of creating value for all stakeholders.”
Key Topics to Be Discussed
AECOM’s momentum was underscored by its recently announced fiscal third quarter results that included a seventh-consecutive quarter of double-digit adjusted EBITDA1 growth and a 13.2% segment adjusted operating margin1, 2 that reflected a 250 basis point improvement over the prior year. As a result, the Company increased its full year adjusted EBITDA guidance on August 4, 2020 to between $720 million and $740 million, which would reflect 11% growth at the mid-point of the range and mark a second consecutive quarter of double-digit earnings growth.
Associated materials will be posted online at https://investors.aecom.com, where available.
1 Excludes the impact of non-operating items, such as non-core operating losses and transaction-related expenses, restructuring costs and other items. See Regulation G Information for a complete reconciliation of Non-GAAP measures.
2 Reflects segment operating performance, excluding AECOM Capital.
About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm with revenue of approximately $20.2 billion during fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with the Management Services transaction will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
AECOM |
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Regulation G Information |
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(in millions, except per share data) |
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Reconciliation of Net Income Attributable to AECOM to Adjusted EBITDA
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Three Months Ended |
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Jun 30,
|
|
Jun 30,
|
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|
|
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Net income attributable to AECOM |
$ |
56.0 |
|
$ |
91.1 |
|
||||
Income tax expense (benefit) |
|
27.2 |
|
|
(7.2 |
) |
||||
Income attributable to AECOM |
|
83.2 |
|
|
83.9 |
|
||||
Depreciation and amortization expense1 |
|
42.6 |
|
|
51.3 |
|
||||
Interest income2 |
|
(3.0 |
) |
|
(2.6 |
) |
||||
Interest expense3 |
|
40.7 |
|
|
34.9 |
|
||||
Amortized bank fees included in interest expense |
|
(2.5 |
) |
|
(1.3 |
) |
||||
EBITDA |
$ |
161.0 |
|
$ |
166.2 |
|
||||
Non-core operating losses & transaction related expenses |
|
(2.5 |
) |
|
- |
|
||||
Restructuring costs |
|
- |
|
|
20.3 |
|
||||
Adjusted EBITDA |
$ |
158.5 |
|
$ |
186.5 |
|
||||
1 |
Excludes depreciation from non-core operating losses, and accelerated depreciation of project management tool; |
|
2 |
Included in other income; |
|
3 |
Excludes related amortization |
Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
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DUBLIN--(BUSINESS WIRE)--The "Global Railcar Movers Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global railcar movers market and it is poised to grow by $ 2,904.43 thousand during 2020-2024, progressing at a CAGR of 1% during the forecast period.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the railroad transportation is energy efficient and growth in industrialization worldwide. The study identifies the growth in the oil and gas and mining industries as one of the prime reasons driving the railcar movers market growth during the next few years.
The global railcar movers market is segmented as below:
By Application
By Geography
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading railcar movers market vendors that include:
Also, the railcar movers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/43ll8z
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI), announces the completion of an agreement to sell substantially all of the assets of its logistics business to NFI, on a debt free, cash free basis. In connection with the sale, substantially all of CAI’s employees of the logistics business were hired by NFI. The sale consideration consisted primarily of payment for the estimated net working capital of CAI’s logistics business as of the closing date, subject to adjustment 180 days after closing to reconcile to the actual net working capital as of the closing date.
Timothy Page, Interim President and Chief Executive Officer of CAI, commented, “The sale of our logistics business is a key step towards our goal of maximizing shareholder returns by focusing all of our resources on our core container leasing business.”
About CAI International, Inc.
CAI is one of the world’s leading transportation finance companies. As of June 30, 2020, CAI operated a worldwide fleet of approximately 1.7 million CEUs of containers. CAI operates through 22 offices located in 12 countries including the United States.
About NFI
NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 13,000 associates. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.
Tim Page, Interim President and Chief Executive Officer
(415) 788-0100
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WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of Susan Hardwick to the board. Ms. Hardwick currently serves as executive vice president and chief financial officer (CFO) of American Water, the largest publicly traded water and wastewater utility company in the United States.
“Susan Hardwick is an accomplished leader with extensive industry and financial expertise, as well as deep knowledge of environmental, sustainability and governance issues that are a priority for our business and critical to our long-term success,” said Steve Westhoven, president and CEO of New Jersey Resources. “She is a welcome addition to our board of directors.”
“New Jersey Resources’ diverse and experienced board becomes even stronger with the addition of Susan Hardwick and her thoughtful, independent oversight,” said Donald Correll, chairman of the board of New Jersey Resources. “Along with her wealth of experience from her years in the utility and financial sectors, Susan also brings with her an important perspective rooted in public service and commitment to our communities.”
As executive vice president and CFO at American Water, Ms. Hardwick is responsible for the development and execution of business and financial strategy for the company’s regulated utility and market-based businesses. She also oversees all accounting and finance functions, including treasury, external reporting, budgeting and financial modeling, enterprise risk management, investor relations as well as customer operations and regulatory services.
Prior to joining American Water, she served as executive vice president and CFO at Vectren Corporation. As a member of the executive leadership team, she led the development and execution of business and financial strategy for the energy holding company and its regulated utility and nonutility subsidiaries.
Ms. Hardwick earned a bachelor of science degree in accounting from Indiana University. She is a certified public accountant, a member of the American Institute of CPAs, and has held numerous leadership and committee roles with the American Gas Association and the Edison Electric Institute.
She has also served in leadership positions on numerous community-based organizations, including the Board of Family Promise, Inc., the Philadelphia Chamber of Commerce, St. Vincent Evansville Medical Center, Fifth Third Bank and the Evansville Museum of Arts. She was also appointed by the governor of Indiana to the state’s Arts Commission, where she served two terms.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
Follow us on Twitter @NJNaturalGas
“Like” us on facebook.com/NewJerseyNaturalGas
Media:
Michael Kinney
732-938-1031
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Investors:
Dennis Puma
732-938-1229
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DUBLIN--(BUSINESS WIRE)--The "LPG Market Outlook" report has been added to ResearchAndMarkets.com's offering.
Tactical LPG Forecasting
Featuring proprietary supply, demand and trade forecasts, this new outlook provides insight into changing trends and market patterns, allowing market participants to identify and take advantage of opportunities in the global LPG market. The LPG Market Outlook provides a reliable, forward-looking perspective that empowers users to make critical business decisions with confidence. The publisher has been a trusted advisor to the LPG industry since the 1970s. With unrivalled expertise and the most capable team of LPG professionals in the world, the publisher is pleased to bring its wealth of knowledge to clients.
Market Insight
The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of market dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities.
Unmatched Expertise
The publisher's many years of experience in LPG markets provides a deep understanding of the competitive landscape. Whether it's shipping operations, planning and logistics, cancellations, the impact of external events - weather, outages, politics or oil price spikes and more - put the publisher's insight to work for you.
Identifying Demand-Side Opportunities
The LPG Market Outlook includes 18-month demand forecasts for all major LPG importers, allowing market participants to focus on countries where there may be opportunities to sell. Information about demand changes due to seasonality, petrochemical expansions, turnarounds and overall growth high-light opportunities in importing countries.
The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of markets dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities. LPG Market Outlook includes insight on trade patterns and flows, exports and imports by country and region.
In addition to the monthly report, clients receive an Excel data supplement with supply by source, total trade and domestic demand for key countries, enabling users to adjust the forecasts in line with their own books.
Key Topics Covered
For more information about this report visit https://www.researchandmarkets.com/r/jxuk7p
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Software created by Smarter Grid Solutions (SGS) is being used to control a 1 MW/1 MWh lithium-ion energy storage system in New York City as part of a demonstration project for Con Edison and on-site energy infrastructure developer GI Energy (GIE).
A further three 1 MW/1 MWh lithium-ion batteries are due to be installed in the city, with the devices contracted to Con Edison for five years.
All four batteries will be controlled by SGS’s ANM Strata distributed energy resource management system (DERMS) software.
The demonstration project will help Con Edison – the energy company that serves New York City and Westchester County, N.Y. – determine the value of using energy storage to manage constraints while opening up additional market value streams.
It will also help Con Edison understand how energy storage can improve grid resilience.
Storing energy is becoming increasingly important as utilities integrate wind, solar and energy from other intermittent sources. Balancing supply and demand is taking on a new dimension as electric vehicles and smart appliances connect to the grid, creating additional demand, but also providing opportunities to store electricity and generate new revenue streams from flexible, aggregated operation.
DERMS holds the key to unlocking the potential of renewables, electric vehicles and other distributed energy resources (DERs) while giving utilities and distribution network operators the tools they need to control smart grids.
Con Edison will pay a quarterly fee for priority dispatch rights to the batteries during times of high demand, while system owners will receive revenue from buying and selling the batteries’ electricity in the wholesale market and providing other New York Independent System Operator (NYISO) system services.
Brent Marshall, SGS’s CEO, said: “We are simultaneously optimizing the economic opportunity while respecting the physical constraints and operational needs of Con Edison. It’s a complex problem marrying the physical and the financial in this way, but it was essential that we solve this challenge to truly realize the stacked value potential of these energy storage deployments.”
Corina Solis, GIE’s Associate Director of Development, said: “This business model offers a fast opportunity to scale distribution-tied energy storage in Con Edison’s territory and beyond. The goal is to provide our utility partners with increased input into the location and dispatch schedule of our projects, while at the same time removing some of the siting and sizing restrictions that we run into as project developers. The result should be a more cost-effective solution for all parties involved.”
ENDS
Vickie Henry
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DUBLIN--(BUSINESS WIRE)--The "LPG in World Markets" report has been added to ResearchAndMarkets.com's offering.
LPG in World Markets provides comprehensive information, analysis and data on the global LPG brokerage market.
The report provides global coverage of contract and spot LPG pricing, supply and demand, spot transactions, LPG shipping fixtures and trends, and monthly fundamentals data for the major LPG brokerage markets.
Clients benefit from in-depth features and analysis on key issues affecting the industry, along with developments in the Middle East, Asia Pacific and the Americas. We place particular emphasis on industry trends and fundamental analysis of trade flows and supply and demand.
Every issue of LPG in World Markets includes:
Here are just of few of the areas LPG in World Markets covers in-depth:
The report is published monthly. Subscribers also receive the LPG Yearbook, released in the first quarter of each year, which summarizes and reviews the past year's events.
Key Topics Covered
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/bz4mqq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Vehicle to Grid Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global vehicle to grid market is poised to grow by $5.01 billion during 2020-2024, progressing at a CAGR of 14% during the forecast period.
The report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the change in grid structure allowing decentralized power generation, ability to meet peak electricity demands, and improvements in EV battery technology.
The study identifies the increasing popularity of EVs through government initiatives as one of the prime reasons driving the vehicle to grid market growth during the next few years. Also, rapid deployment of smart grids, and rise in number of EV charging stations will lead to sizable demand in the market.
The global vehicle to grid market is segmented as below:
By Technology
By Geography
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle to grid market vendors that include:
Also, the vehicle to grid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/fc76hk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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Tobacco companies will compensate retailers for data through pricing discounts and consumer rebates
ATLANTA--(BUSINESS WIRE)--#pdisoftware--PDI (www.pdisoftware.com), a global provider of ERP, fuel pricing, supply chain logistics, and marketing cloud solutions for the convenience retail and petroleum wholesale industries, today announced that it is offering its tobacco scan data package to single-site and independently operated c-stores for free. The package is part of PDI’s CStore Essentials solution, formerly CStorePro Technologies, and allows retailers to access funding from tobacco manufacturers that includes consumer benefits in exchange for tobacco scan data from their stores.
“During these challenging times, offering this package for free will be incredibly helpful, allowing small and independent operators to boost their bottom line, both from a product cost and consumer discount perspective, by easily gathering their data and supplying it to tobacco companies,” said Jamie Hudson, senior vice president and general manager, Offers and Insights, PDI. “Also, leveraging the scan data allows PDI, consumer packaged goods companies and the retailers to make better decisions about purchasing and distribution, merchandising, inventory, store branding and overall promotions.”
As part of this package, tobacco brands will continue to provide the stores with rebates based on sales volume and consumer engagement with tobacco products purchased in participating locations. In addition, the free package allows independent retailers to offer consumer discounts with no impact to margins. Insights gleaned from the tobacco scan data can significantly benefit retailers by uncovering consumer purchasing behavior, identifying buying trends and ultimately impacting sales.
PDI’s CStore Essentials product also supports independent and single-site retailers with store operations, promotion management, additional tobacco rebates, and more. C-store operators can sign up for their free scan data account and view additional options available by visiting www.pdicstoreessentials.com/sign-up. After signing up, select the Scan Data Plan and use coupon code SCANDATA.
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
+1 254.410.7600 I This email address is being protected from spambots. You need JavaScript enabled to view it.
CLEVELAND--(BUSINESS WIRE)--Power management company Eaton has earned a spot on the 19th annual Top 50 Employers list by STEM Workforce Diversity magazine. The Top 50 Employers list is by readers’ choice and is featured in the magazine’s summer 2020 edition.
“As an innovator in power management solutions, Eaton strives to create an environment where critical thinking and ingenuity are highly valued,” said Astrid Mozes, vice president, power and motion controls, Hydraulics Group, Eaton. “It is increasingly important for us to be an employer of choice for the talented STEM candidates who will help us build a strong foundation for future generations of innovators.”
The Top 50 Employers list is the result of an annual survey sent to randomly selected readers who chose the top companies in the U.S. that they would most like to work with or believe would provide a positive working environment for science, technology, engineering and math (STEM) professionals who are members of minority groups, women and people with disabilities.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 93,000 employees. For more information, visit Eaton.com.
Katy Brasser, (216) 232-8869
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ROCHESTER, N.Y.--(BUSINESS WIRE)--#business--SandBox Union, a web and mobile custom software developer for enterprise solutions, opened the doors of a new office this week. With an ever-expanding client list necessitating tripling their number of employees, the company made a new home for themselves in Rochester, NY.
“We have seen our workload increased dramatically,” stated SBU President, Tiffany Organisciak. “We had to seek out the best full-time and freelance employees in the field. We have engineering talent from Apple and Accenture, while also bringing co-op students from the Rochester Institute of Technology onboard.”
While the field has been historically male-dominated, Organisciak is poised and determined to be an industry disrupter. She is quickly making connections all over the country, resolved to find the best solutions for her clients.
“We started this company last year doing freelance work and found the demand was far greater than imagined—it quickly became a full-time job. We knew it was time to think much bigger,” said Organisciak. “Now, with this new space and the incredible team we’ve built, we’re able to tackle any challenge a client can present us with.”
Organisciak, who has a background in education, taught herself to code while working full-time—following her passion for solving problems and building better designs. The work quickly stood out, and clients were seeking SBU for new software and business solutions.
SBU envisioned a grand opening event, which is now on hold due to the COVID-19 pandemic. “Our priority right now is the health and safety of our employees. We opened the office to allow us to grow, but we’re limiting the number of employees in the space at a time. We’re following the recommended safety protocols and allowing the majority of our staff to work remotely,” said Organisciak.
With a focus on their community, the company’s biggest project during the pandemic has been designing and implementing document collection software, aptly named DocCollect, to provide fast, easy, and secure document transfer and PDF conversion for a large staffing agency in Rochester. DocCollect has allowed prospective employers and employees to exchange all types of files from the safety of their own homes.
“It’s what we do,” Organisciak said. “We fix problems, and we’re ready to meet any needs.”
For business inquiries, contact Tiffany Organisciak, This email address is being protected from spambots. You need JavaScript enabled to view it. or (585) 484-8412.
For business inquiries, contact Tiffany Organisciak, This email address is being protected from spambots. You need JavaScript enabled to view it. or (585) 484-8412
DUBLIN--(BUSINESS WIRE)--The "Global Power Monitoring and Control Software Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global power monitoring and control software market is poised to grow by $3.19 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the growing need for efficient power monitoring and control, rise in use of solar and wind-generated power, and the advent of automation and IoT in industrial applications.
The study identifies the increasing focus on energy efficiency as one of the prime reasons driving the power monitoring and control software market growth during the next few years. Also, high adoption in data centers and the rising need for power distribution analysis among power utilities will lead to sizable demand in the market.
The global power monitoring and control software market is segmented as below:
By Application
By Geography
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power monitoring and control software market vendors that include:
Also, the power monitoring and control software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/57yftx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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