Procore Technologies Reports Strong Q2 Earnings, Signaling Profitability
News Summary Procore Technologies has posted impressive financial results for Q2, showcasing a revenue increase of 14% year-over-year, indicating a significant step towards profitability. With an EPS of $0.35, the company exceeded market expectations and demonstrated robust financial metrics. Notable organic customer growth and a high gross revenue retention rate reinforce Procore’s strong position in […]
Pioneer Bancorp Achieves Record Net Income in Q2
News Summary Pioneer Bancorp has reported a record net income of $6.5 million for the second quarter, marking a significant increase from the previous year. The growth in net loans receivable demonstrates the company’s strategic focus on expanding its lending capabilities, fueled by increased demand for mortgage and commercial construction loans. Furthermore, a diverse deposit […]
Gold Shield Construction Settles with EPA Over Lead Paint Violations
News Summary Gold Shield Construction has reached a settlement with the EPA concerning lead paint safety violations. The company, based in Berlin, Connecticut, will pay a penalty of $31,916 for failing to comply with federal regulations during renovations of properties suspected to contain lead-based paint. The EPA emphasizes the health risks associated with lead exposure, […]
U.S. Single-Family Homebuilding Declines to 11-Month Low
News Summary Single-family homebuilding in the U.S. has fallen to its lowest level in 11 months due to high mortgage rates and economic uncertainty. Housing starts decreased by 4.6%, leading to a total of 883,000 units, amid a decline in permits and builder sentiment. While multi-family housing is on the rise, challenges persist in the […]
Northmarq Secures $37 Million Construction Loan in Texas
News Summary Northmarq has arranged a $37 million construction loan for the 300-unit Territory at Audubon multifamily development in Magnolia, Texas. This project, set on 11.6 acres, aims to address the growing housing needs in the area. With various community amenities including a clubhouse and fitness center, the development is a response to population growth, […]
Expo Contratista: A Premier Event for Hispanic Contractors
News Summary Expo Contratista 2025 is the premier national trade show for Hispanic contractors in the U.S., taking place at the Irving Convention Center in Dallas. This event will connect thousands of contractors and industry leaders, showcasing innovative tools and technologies aimed at enhancing efficiency and organization. With an expected attendance of over 250 exhibitors, […]
New Jersey Masonry Company Owner Sentenced for Tax Evasion
News Summary Joseph Caravella, a masonry business owner in New Jersey, has been sentenced to 15 months in prison for tax evasion. He failed to pay over $650,000 in employment taxes from 2008 to 2016, resulting in $1.8 million in lost taxes for the IRS. The case highlights the severe consequences of tax evasion, particularly […]
esVolta and B2U Launch Battery Storage Projects in Texas
News Summary esVolta and B2U Storage Solutions have announced significant battery storage initiatives in Texas, enhancing grid reliability with a combined energy capacity of almost 1 GWh. esVolta’s projects include Desert Willow, Anole, and Burksol, while B2U is focusing on repurposing EV batteries for a second-life project. These initiatives aim to stabilize the ERCOT grid […]
Frazier & Deeter Expands Southeast Presence with Anglin Acquisition
News Summary Frazier & Deeter has acquired Anglin Reichmann Armstrong, enhancing its reach in the Southeast. This strategic acquisition allows FD to deepen its expertise in government contracting and construction, while offering improved services to closely-held businesses. With roots dating back to 1990, Anglin is one of Alabama’s top CPA firms, aligning perfectly with FD’s […]
Nevada’s New Law Allows Early Start Times for Construction
News Summary Nevada has enacted a new law permitting construction crews to begin work as early as 5 a.m. This law aims to protect workers from extreme summer heat, changing previous regulations that limited start times to 7 a.m. The new rules are effective from April 1st to September 30th and require construction sites to […]