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Hill International Inc (HIL.N)

HIL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hill International to restate financial statements for previous years
Thursday, 21 Sep 2017 06:50am EDT 

Sept 21 (Reuters) - Hill International Inc :Board determined that co will restate co's previously issued financial statements for each of years ended Dec 31, 2016, 2015, 2014​.Expects that these adjustments will result in aggregate increases in selling, general & administrative expenses​.Co intends to file restated annual & quarterly financial statements for non-reliance periods as soon as practicable​.Also‍ determined co will restate previously issued financial statements for qtrs ended March 31, June 30, Sept 30 in 2015, 2016​.Prelim overall net foreign currency adjustment to previously reported results expected to be $25 million-$35 million across 2014, 2015, 2016.Expects that foreign currency adjustments will result in aggregate decreases in accumulative other comprehensive loss​.Expects that adjustments will result in aggregate decreases in retained earnings​.Accounting for foreign currency translation adjustments related to intercompany balances was not appropriate in few prior statements​.  Full Article

Hill International reiterates full year 2017 revenue guidance
Monday, 21 Aug 2017 06:45am EDT 

Aug 21 (Reuters) - Hill International Inc :Hill International announces profit improvement plan and reiterates full year 2017 revenue guidance.At this point, company has reduced its back office workforce by more than 70 employees.Company's total backlog at June 30, 2017 was $895 million, up 1.3 pct from $883 million at March 31, 2017.Partial year savings through December 31, 2017 will be approximately $3.5 million (excluding restructuring related costs).Says company expects to incur additional future charges of approximately $6.0 million.‍Company identified estimated annualized pre-tax savings ranging from $27.0 million to $38.0 million from initiatives​.  Full Article

Hill International delays filing of Q2 2017 financial results and conference call
Thursday, 10 Aug 2017 06:50am EDT 

Aug 10 (Reuters) - Hill International Inc :Hill International delays filing of second quarter 2017 financial results and conference call.Hill International - ‍Continues to compile info regarding, and complete proper accounting, related tax treatment of, sale of its construction claims group​.Hill International - ‍Once co compilation and assessment, it will issue subsequent announcement regarding timing for release of its financial results.  Full Article

Hill International receives contract from Port Authority of Allegheny County
Friday, 14 Jul 2017 09:00am EDT 

July 14 (Reuters) - Hill International Inc :Hill international receives major contract from the port authority of allegheny county in pennsylvania.Hill international inc- ‍three-year contract has an estimated value to a pool of four firms, including hill of approximately $18.5 million​.  Full Article

Hill International to provide construction supervision services for Piraeus Port authority
Friday, 7 Jul 2017 09:00am EDT 

July 7 (Reuters) - Hill International Inc :Hill International - received contract to provide construction supervision services for eur 350 million capex program for piraeus port authority .Hill International Inc - four-year contract has an estimated value to hill of approximately EUR 2.4 million.Hill International Inc - Piraeus Port program expected to be complete by August 2021.  Full Article

Hill International to oversee construction of Dubai Creek Harbour development
Thursday, 29 Jun 2017 09:00am EDT 

June 29 (Reuters) - Hill International Inc ::Hill International- received contract from Emaar Properties to provide program management services in connection with Dubai Creek Harbour development.Hill International Inc says Hill's initial one-year contract has an estimated value of approximately $7.6 million.  Full Article

Hill International to support Odebrecht Transport on major infrastructure projects
Thursday, 15 Jun 2017 09:00am EDT 

June 15 (Reuters) - Hill International Inc :Hill international - has received contract from odebrecht transport to provide an independent assessment of construction of são paulo city metro line 6.Hill international inc - são paulo city metro line 6 is a 15-kilometer (9.3-mile) line with 15 stations and is approximately one-third complete.Hill international - to also provide independent assessment of construction of dom pedro highway in são paulo state, br-163 highway in mato grosso state.  Full Article

Hill International says Gomez Cajiao Y Asociados JV gets contract from Compañía De Puertos Asociados
Thursday, 8 Jun 2017 09:05am EDT 

June 8 (Reuters) - Hill International Inc ::Hill International Inc says joint venture with Gomez Cajiao Y Asociados S.A. has received a contract from Compañía De Puertos Asociados S.A..Hill International Inc says three-year contract has an estimated value to joint venture of approximately $4.1 million.  Full Article

Richter Capital sends letter to Hill International's board regarding interim CEO compensation
Wednesday, 31 May 2017 08:30am EDT 

May 31 (Reuters) - Hill International Inc :Richter Capital says sends letter to board of directors of Hill International regarding interim CEO compensation.Richter Capital - collectively, own about 10.6 million shares, or 20.4%, of outstanding common stock of Hill International, Inc.Richter Capital - will be voting against proposal 3, advisory say-on-pay vote on named executive officer compensation.Richter Capital - will be voting to withhold our votes for re-election of incumbent director Steven R. Curts.Richter Capital - will also be voting to withhold our votes for re-election of incumbent director Alan S. Fellheimer.  Full Article

HILL INTERNATIONAL COMPLETES SALE OF CONSTRUCTION CLAIMS GROUP TO PRIVATE EQUITY FIRM BRIDGEPOINT
Friday, 5 May 2017 04:15pm EDT 

May 5 (Reuters) - Hill International Inc :HILL INTERNATIONAL COMPLETES SALE OF CONSTRUCTION CLAIMS GROUP TO PRIVATE EQUITY FIRM BRIDGEPOINT.HILL INTERNATIONAL - WITH CLOSING OF SALE OF ITS CONSTRUCTION CLAIMS GROUP, CO AMENDED ITS SECURED REVOLVING CREDIT FACILITIES FROM $45 MILLION TO $35 MILLION.HILL INTERNATIONAL-AMENDED FACILITIES TO HAVE TERMS OF 5 YEARS FROM CLOSING, PROVIDE FOR LETTER OF CREDIT SUB-LIMITS OF $20 MILLION AND $8 MILLION,RESPECTIVELY.  Full Article

BRIEF-Hill International to restate financial statements for previous years

* Board determined that co will restate co's previously issued financial statements for each of years ended Dec 31, 2016, 2015, 2014​