Xylem Reports Third Quarter 2021 Results
Orders growth of 22% on a reported basis, 20% organically, from strong underlying demand across segments Revenue growth 4% on a reported basis, 2% organically Net income as a percentage of revenue of 9.0%, up 600 basis points; adjusted EBITDA margin of 17.9%, down 30 basis points Reported net income of $114 million or $0.63 per share; adjusted net income of $116 million or $0.63 per share Lowers full-year organic revenue and earnings per share guidance to ranges of 3% to 4%,...
Nemetschek Group: Strong business development in Q3 2021 with high growth momentum in subscription/SaaS models
+48.0% revenue growth in subscription/SaaS models to EUR 34.5 million in Q3 +13.9% Group revenue growth to EUR 169.3 million +16.4% EBITDA growth in Q3 to EUR 54.4 million, EBITDA margin increases to 32.1% +35.7% growth in earnings per share to EUR 0.30 in Q3 Previously raised 2021 guidance for revenue growth and EBITDA margin expected to be at the upper end of the target range Munich, October 28, 2021 - The Nemetschek Group, one of the world's leading software providers fo...
ConTech Company Bridgit Announces $24 Million CAD Series B Funding Round
The leader in construction workforce intelligence has doubled in size since its Series A funding round, and announced the hiring of two new executives. TORONTO, ONTARIO - Bridgit, a Toronto-based workforce intelligence technology company that’s focused on the construction industry, is announcing today that it has raised $24 million CAD in Series B funding. Founded by Chief Executive Officer Mallorie Brodie and Chief Operating Officer Lauren Lake, Bridgit’s post-Series B blueprint include...
AASHTO Survey Details Harm Of Short-Term Funding Extensions
A new nine-page survey conducted by the American Association of State Highway and Transportation Officials details the potential state-by-state fallout from short-term federal program and funding extensions on individual state department of transportation programs – including the current one-month extension of highway, highway safety, transit, and passenger rail programs slated to expire on October 31. [Above photo by the KYTC] “We routinely utilize more than one quarter of...
Senator Murray Helps Pass Bipartisan Bill to Allow Unspent COVID Relief Dollars for Culvert Removal, Infrastructure, and Disaster Relief
Bill will allow state, local, and Tribal governments to direct unused federal COVID relief funds for infrastructure projects, such as culvert removal, as well as natural disaster relief (Washington, D.C.) – Last night, following the U.S. Senate passing the State, Local, Tribal, and Territorial Fiscal Recovery, Infrastructure, and Disaster Relief Flexibility Act, Senator Patty Murray (D-WA), who cosponsored the legislation celebrated the passage of the bill, which will make several categories...
Reliance New Energy Solar Ltd to invest in NexWafe as Strategic Lead Investor
NexWafe’s next-generation epitaxy technology offers remarkable cost advantages over existing technologies Leveraging this technology, Reliance intends to set up giga-scale wafer manufacturing facilities in India and build global photovoltaic leadership FREIBURG, GERMANY – NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its EUR 39 million...
U.S. Department of Transportation Awards Louisiana $5 Million in ‘Quick Release’ Emergency Relief Funding for Hurricane Ida Damage
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $5 million in “quick release” Emergency Relief (ER) funds to help the Louisiana Department of Transportation and Development (DOTD) make repairs to roads and bridges damaged by Hurricane Ida. “The Biden Administration is using every lever at our disposal to help the State of Louisiana respond to this tragic disaster—including these emergency relief funds,” s...
Emissions accounting engine Normative raises €10 million from Europe’s largest climate tech funds
2150 and ETF Partners lead series A investment Normative sets new standard in carbon accounting, automates emission calculations and guides companies to net zero. Company to roll out new tools for UK SMEs with backing of Google Stockholm Normative, the world’s first emissions accounting engine, has raised €10million from Europe’s largest climate tech funds. The funding from 2150 and ETF Partners cements Normative’s position as the leading European carbon accounting SaaS company....
Nemetschek Group sponsors Venture Lab Built Environment at the Technical University of Munich
Dr. Axel Kaufmann (Spokesman of the Board & CFOO Nemetschek Group), Tanja Kufner (Head of Start Up & Venture Investments Nemetschek Group), Prof. Dr. Thomas F. Hofmann (President of TUM) and Dr. Sandra Bogdanovic (Fundraising Officer TUM) Munich, October 4, 2021 - The Nemetschek Group today signed an agreement to sponsor the TUM Venture Lab Built Environment. The global provider of software for the construction industry, headquartered in Munich, will support the new innovation center fin...
Saïd Business School research finds cost-benefit analysis of public investments are highly inaccurate and biased
New research from Bent Flyvbjerg, First BT Professor and Inaugural Chair of Major Programme Management at Saïd Business School, and Dirk W. Bester, professional statistician, finds that cost-benefit analyses of public investments are highly inaccurate and biased. The bad news is that this means the many cost-benefit analyses underpinning most public investments -- from HS2 in the UK to California's high-speed rail line -- cannot be trusted as currently done. The good news is that Flyvbjerg an...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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