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    Hill International Reports 2022 First Quarter Financial Results

    5/10/22 4:15:00 PM ET
    $HIL
    Military/Government/Technical
    Consumer Discretionary
    Get the next $HIL alert in real time by email

    Significant Increases in Revenue, CFR, Gross Profit, Operating Profit and Adjusted EBITDA

    Backlog Improved to $736.1 Million

    Reiterates 2022 Outlook

    First Quarter 2022 Overview

    • Revenue increased 17.4% to $102.2 million in 2021
    • Consulting Fee Revenue ("CFR") rose 12.5% to $81.4 million from $72.4 million in the prior year period
    • New contract awards were $88.0 million, resulting in a book-to-burn ratio of 1.08
    • Gross Profit up 16.9% to $31.8 million from $27.2 million in the prior year period
    • Operating profit improved to $1.0 million from an operating loss of $(0.2) million in the prior year period; adjusted operating profit improved to $2.4 million from adjusted operating profit of $0.2 million
    • Net loss narrowed to $(0.5) million, or $(0.01) per diluted share, from a net loss of $(2.7) million, or $(0.05) per diluted share in the prior year period; adjusted net income (a non-GAAP measure) improved to $0.9 million from an adjusted net loss of $(2.4) million
    • Adjusted EBITDA (a non-GAAP measure) increased to $3.2 million from $0.7 million in the same period last year
    • Backlog (a non-GAAP measure) at March 31, 2022 rose to $736.1 million from $729.4 million at December 31, 2021 and $681.3 million at March 31, 2021

    PHILADELPHIA, May 10, 2022 (GLOBE NEWSWIRE) -- Hill International, Inc. (NYSE:HIL) ("Hill" or the "Company"), delivering the infrastructure of change, announced today its financial results for the first quarter ended March 31, 2022 ("Q1 2022").

    "The momentum we experienced in 2021 continued into the first quarter of 2022 and manifested in our first $80+ million CFR quarter since the first quarter of 2018," said Raouf Ghali, Hill's Chief Executive Officer. "We increased gross profit, improved operating income, and reported another strong new bookings quarter. Backlog at quarter's end rose to $736 million and included a 12-month backlog of $264 million. We have also taken steps to reduce our operating expenses going forward."

    Mr. Ghali continued, "Project activity remains robust, and we are proud to have been engaged in a number of exciting infrastructure projects during the first quarter, including domestic aviation, transit, and highway work. While we continue to monitor global economic and political developments, we remain confident in the resiliency of Hill's model, our accelerating business development activity, and attractive end-market focus. We look forward to 2022 with great confidence."

    "Adjusted EBITDA for the quarter increased to $3.2 million, in line with our expectations as the first quarter is generally our slowest quarter of the year," said Todd Weintraub, Hill's Chief Financial Officer. "This is also true of cash generation; during the 2022 first quarter, cash used in operations was $(3.3) million, which was a significant improvement from cash used in operations of $(16.7) million in the first quarter of 2021. We expect to generate positive cash flow for the remainder of 2022, and remain confident in our ability to achieve annual CFR of $340 million to $350 million and adjusted EBITDA of $22 million to $24 million."

    Q1 2022 Financial Results Overview

    Revenue increased 17.4% to $102.2 million in Q1 2022 from $87.1 million in the first quarter of 2021 ("Q1 2021") as project activity continues to return to pre-COVID levels. Consulting fee revenue ("CFR") rose 12.5% to $81.4 million in Q1 2022, from $72.4 million in Q1 2021.

    Gross profit in Q1 2022 increased 16.9% to $31.8 million, or 31.1% of total revenue, from $27.2 million, or 31.3% of total revenue, in Q1 2021, driven by higher CFR and improved contract profit margins.

    Selling, general, and administrative ("SG&A") expenses in Q1 2022 rose 6.7% to $29.5 million from $27.7 million in Q1 2021. SG&A included non-recurring and non-cash (income) expenses of $(0.1) million and $0.4 million in Q1 2022 and 2021, respectively. Excluding these non-recurring and non-cash expenses, SG&A expenses in Q1 2022 were $29.6 million, or 91.3% of gross profit, compared to $27.3 million, or 100% of gross profit in Q1 2021. This decline in SG&A as a percentage of gross profit reflected continuing management of expenses to ensure costs grow more slowly than gross profits, resulting in the creation of operating leverage. To that end, the Company has reduced the run rate of G&A expenses by approximately $4 million annually, the initial impact of which is expected to be realized in the current second quarter ending June 30, 2022.

    Operating profit for Q1 2022 improved to $1.0 million from an operating loss of $(0.2) million in Q1 2021. Improved gross profit from higher CFR was offset by an increase in foreign currency exchange losses when compared to Q1 2021 and higher SG&A to support the growth of the business. Adjusted operating income, a non-GAAP measure (see definition and reconciliation in the table below) was $2.4 million in Q1 2022, compared to adjusted operating income of $0.2 million in Q1 2021.

    Net loss attributable to Hill in Q1 2022 was $(0.5) million, or $(0.01) per diluted share, compared to net loss attributable to Hill of $(2.7) million, or $(0.05) per diluted share, in Q1 2021. This narrowed net loss was due primarily to increased gross profit in Q1 2022 compared to Q1 2021, partially offset by the negative impact of unrealized foreign exchange losses and higher SG&A in Q1 2022 compared to Q1 2021. Adjusted net income, a non-GAAP measure (see definition and reconciliation in the table below) which excludes the impact of these items, was $0.9 million in Q1 2022, compared to adjusted net loss of $(2.4) million in Q1 2021.

    Adjusted EBITDA, a non-GAAP measure (see definition and reconciliation in the table below) was $3.2 million in Q1 2022, compared to adjusted EBITDA of $0.7 million in Q1 2021. Improved gross profit from higher CFR was partially offset by an increase in labor costs as business activity returns to normal levels and the partial resumption of business travel.

    Financial Condition and Backlog

    Net cash used in operating activities in Q1 2022 was $(3.3) million compared to $(16.7) million in Q1 2021. Free cash flow, a non-GAAP measure (see definition below) for Q1 2022 was $(4.1) million, which represents net cash used in operating activities, less $0.4 million in purchases of property and equipment during the quarter. Free cash flow during Q1 2021 was $(17.5) million, which represents net cash provided by operating activities, less $0.8 million in property and equipment purchased during the quarter.

    Unrestricted cash at March 31, 2022 was $23.9 million compared to unrestricted cash of $21.8 million at December 31, 2021. At March 31, 2022, the Company had approximately $3.9 million in available and undrawn credit facilities and total liquidity was $27.9 million.

    Backlog (which is a non-GAAP measure; see definition below) was $736.1 million at March 31, 2022 compared to $729.4 million at December 31, 2020, primarily due to new bookings throughout the year, offset by CFR burn.

    2022 Financial Guidance

    The Company reiterates its full-year 2022 guidance. For the full year, CFR is expected to be $340 million to $350 million with adjusted EBITDA of $22 million to $24 million.

    Non-GAAP Measures

    The following measures below are not measures of financial performance under U.S. generally accepted accounting principles ("GAAP") and should be considered in addition to and not as a substitute for, or superior to, the related measure of performance prepared in accordance with GAAP.

    Backlog

    Backlog represents the Company's estimate of the amount of uncompleted projects under contract and awards in-hand that are expected to be recognized as CFR in future periods as a component of total revenue. Hill's backlog is based upon the binding nature of the underlying contract, commitment or letter of intent, and other factors, including the economic, financial and regulatory viability of the project and the likelihood of the contract being extended, renewed or canceled. Although backlog reflects business that the Company considers to be firm, cancellations or scope adjustments may occur. It is an important indicator of future performance and is used by the Company in planning Hill's operational needs. Backlog is not a measure defined in GAAP and the Company's methodology for determining backlog may not be comparable to the methodology used by other companies in determining their backlog.

    Adjusted Operating Profit (Loss)

    Adjusted operating profit (loss) is operating profit (loss), adjusted to exclude non-recurring items and non-cash items including unrealized foreign currency exchange losses (gains), share-based compensation and the write-off of leasehold improvements previously included in property and equipment on the Company's consolidated balance sheets. The Company believes that adjusted operating profit (loss) is useful to investors and other external users of Hill's financial statements as a measure of a company's core ongoing operations, without regard to generally non-recurring items and non-cash activity.

    Adjusted Net Income (Loss) Attributable to Hill

    Adjusted net income (loss) attributable to Hill is net income (loss) attributable to Hill, adjusted to exclude non-recurring and non-cash items including unrealized foreign currency exchange losses (gains), share-based compensation and the write-off of leasehold improvements previously included in property and equipment on the Company's consolidated balance sheets. The Company believes that adjusted net income (loss) attributable to Hill is useful to investors and other external users of Hill's financial statements as a measure of a company's operating performance, without regard to generally non-recurring items and non-cash activity.

    EBITDA and Adjusted EBITDA

    Earnings before interest, taxes, depreciation and amortization ("EBITDA"), in addition to operating profit, net income, and other GAAP measures, is a useful indicator of Hill's financial and operating performance. Investors should recognize that EBITDA might not be comparable to similarly titled measures of other companies. The Company believes that EBITDA is useful to investors and other external users of Hill's financial statements in evaluating its operating performance because EBITDA is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, and depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired.

    Adjusted EBITDA is EBITDA, adjusted to exclude the impact of certain items, including non-recurring, one-time costs (as presented in the table below) and non-cash items such as unrealized foreign currency exchange losses (benefit) and share-based compensation expense. The Company believes that adjusted EBITDA helps its investors and other external users of Hill's financial statements understanding of a company's operating performance, without regard to non-recurring and other non-cash activity.

    The Company does not provide a reconciliation of its 2022 financial guidance for such non-GAAP measure to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for non-recurring, one-time costs and other charges reflected in its reconciliation of historic numbers.

    Free Cash Flow

    Free cash flow, a non-GAAP measure, includes net cash provided by (used in) continuing operations, less purchases of property and equipment. Free cash flow is a useful indicator that provides additional perspective on Hill's ability to generate cash that is available to the Company for taxes and other corporate purposes. Investors should recognize that free cash flow might not be comparable to similarly-titled measures of other companies. This measure should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP.

    Conference Call

    Management will host a conference call on Wednesday, May 11, 2022 at 9:00 am ET to discuss the results and business activities. Interested parties may participate in the call by dialing:

    • (877) 407-9753 (Domestic) or
    • (201) 493-6739 (International)

    The call will also be accessible on the "Investor Relations" section of Hill's website at www.hillintl.com. Click on "Financial Information" and then "Conferences and Calls".

    About Hill International

    Hill International, with more than 3,000 professionals and 100 offices worldwide, provides program management, project management, construction management, project management oversight, facilities management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as one of the largest construction management firms in the United States. For more information on Hill, please visit our website at www.hillintl.com.

    Forward Looking Statements

    Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any statements of belief or intent, any statements concerning our plans, strategies, and objectives for future operations are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates, and assumptions 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 to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue, infrastructure legislation may not be implemented, and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.

    Hill International, Inc.  The Equity Group Inc.
       
    Elizabeth J. Zipf, LEED AP BD+C Devin Sullivan
    Senior Vice President Hill International, Inc Senior Vice President
    One Commerce Square (212) 836-9608
    2005 Market Street, 17th Floor [email protected]
    Philadelphia, PA 19103  
    (215) 309-7707 Lena Cati
    [email protected] Vice President
      (212) 836-9611
      [email protected]



    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (In thousands)

      March 31, 2022 December 31, 2021
    Assets (Unaudited)  
    Cash and cash equivalents $23,935  $21,821 
    Cash - restricted  3,455   5,562 
    Accounts receivable, net  123,300   119,516 
    Current portion of retainage receivable  5,965   9,743 
    Accounts receivable - affiliates  20,780   21,741 
    Prepaid expenses and other current assets  10,735   9,937 
    Income tax receivable  2,115   2,163 
    Total current assets  190,285   190,483 
    Property and equipment, net  8,946   8,895 
    Cash - restricted, net of current portion  2,992   3,063 
    Operating lease right-of-use assets  18,140   18,347 
    Financing lease right-of-use assets  738   801 
    Retainage receivable  7,596   7,491 
    Acquired intangibles, net  2,989   3,002 
    Goodwill  43,366   44,127 
    Investments  1,535   2,038 
    Deferred income tax assets  2,099   2,165 
    Other assets  3,286   2,645 
    Total assets $281,972  $283,057 
    Liabilities and Stockholders' Equity    
    Current maturities of notes payable and long-term debt $9,282  $25,841 
    Accounts payable and accrued expenses  66,109   63,856 
    Income taxes payable  3,476   2,610 
    Current portion of deferred revenue  3,610   4,088 
    Current portion of operating lease liabilities  4,809   4,777 
    Current portion of financing lease liabilities  247   246 
    Other current liabilities  4,833   6,006 
    Total current liabilities  92,366   107,424 
    Notes payable and long-term debt, net of current maturities  51,089   29,302 
    Retainage payable  283   279 
    Deferred income taxes  952   959 
    Deferred revenue  5,341   9,541 
    Non-current operating lease liabilities  18,694   18,565 
    Non-current financing lease liabilities  510   573 
    Other liabilities  12,183   13,175 
    Total liabilities  181,418   179,818 
    Commitments and contingencies    
    Stockholders' equity:    
    Preferred stock, $0.0001 par value; 1,000 shares authorized, none issued  —   — 
    Common stock, $0.0001 par value; 100,000 shares authorized, 63,634 shares and 63,291 shares issued at March 31, 2022 and December 31, 2021, respectively  6   6 
    Additional paid-in capital  217,879   217,471 
    Accumulated deficit  (84,357)  (83,813)
    Accumulated other comprehensive (loss) income  (4,451)  (1,813)
    Less treasury stock of 6,807 at March 31, 2022 and December 31, 2021  (29,056)  (29,056)
    Hill International, Inc. share of equity  100,021   102,795 
    Noncontrolling interests  533   444 
    Total equity  100,554   103,239 
    Total liabilities and stockholders' equity $281,972  $283,057 



    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (In thousands, except per share data)

    (Unaudited)

      Three Months Ended March 31,
       2022   2021 
    Consulting fee revenue $81,431  $72,409 
    Reimbursable expenses  20,807   14,677 
    Total revenue $102,238  $87,086 
    Direct expenses  70,402   59,855 
    Gross profit  31,836   27,231 
    Selling, general and administrative expenses  29,543   27,686 
    Foreign currency exchange loss  1,736   287 
    Plus: Share of profit of equity method affiliates  457   588 
    Operating profit (loss) $1,014  $(154)
    Less: Interest and related financing fees, net  1,326   1,347 
    Other income, net  150   2 
    Loss before income taxes $(162) $(1,499)
    Income tax expense  438   1,076 
    Net loss $(600) $(2,575)
    Less: net (loss) earnings - noncontrolling interests  (56)  116 
    Net loss attributable to Hill International, Inc. $(544) $(2,691)
         
    Basic loss per common share - Hill International, Inc. $(0.01) $(0.05)
    Basic weighted average common shares outstanding  57,706   56,978 
         
    Diluted loss per common share - Hill International, Inc. $(0.01) $(0.05)
    Diluted weighted average common shares outstanding  57,706   56,978 



    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In thousands)

    (Unaudited)

      Three Months Ended March 31,
       2022   2021 
    Cash flows from operating activities:    
    Net loss  (600)  (2,575)
    Adjustments to reconcile net loss to net cash provided by (used in):    
    Depreciation and amortization  589   694 
    Provision for bad debt  (379)  (231)
    Amortization of deferred loan fees  163   220 
    Deferred tax expense  77   170 
    Share-based compensation  387   449 
    Operating lease right-of-use assets  710   1,319 
    Foreign currency remeasurement losses  239   287 
    Changes in operating assets and liabilities:    
    Accounts receivable  (7,232)  (9,835)
    Accounts receivable - affiliate  2,596   (2,602)
    Prepaid expenses and other current assets  (1,039)  (1,772)
    Income taxes receivable  (123)  1,651 
    Retainage receivable  3,074   203 
    Other assets  (263)  (2,346)
    Accounts payable and accrued expenses  3,560   (3,919)
    Income taxes payable  959   46 
    Deferred revenue  (4,220)  1,195 
    Operating lease liabilities  (243)  (1,063)
    Other current liabilities  (1,115)  1,914 
    Retainage payable  4   (530)
    Finance lease liabilities    
    Other liabilities  (482)  (1)
    Net cash used in operating activities  (3,343)  (16,726)
    Cash flows from investing activities:    
    Purchase of property and equipment  (732)  (812)
    Net cash used in investing activities  (732)  (812)
    Cash flows from financing activities:    
    Repayment of term loans  (172)  (257)
    Proceeds from revolving loans  14,081   5,405 
    Repayment of revolving loans  (8,553)  (1,777)
    Proceeds from stock issued under employee stock purchase plan  21   11 
    Net cash provided by financing activities  5,316   3,382 
    Effect of exchange rate changes on cash, cash equivalents and restricted cash  (1,306)  (541)
    Net decrease in cash, cash equivalents and restricted cash  (65)  (14,697)
    Cash, cash equivalents and restricted cash — beginning of period  30,447   41,413 
    Cash, cash equivalents and restricted cash — end of period $30,382  $26,716 



      Three Months Ended March 31,
    Supplemental disclosures of cash flow information:  2022  2021
    Interest and related financing fees paid $1,196 $1,140
    Income taxes paid  257  133
    Cash paid for amounts included in the measurement of lease liabilities  2,087  1,535
    Right-of-use assets obtained in exchange for operating lease liabilities  697  7,906
    Right-of-use assets obtained in exchange for finance lease liabilities  —  125



    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    RECONCILIATION OF NON-GAAP MEASURES

    (In thousands)

    The following table includes a reconciliation of these non-GAAP measures to its most directly comparable GAAP measure:

      Three Months Ended

    March 31,
       2022   2021 
         
    Operating profit (loss) $1,014  $(154)
    Adjustments to operating profit (loss)    
    Share-based compensation  387   449 
    Unrealized foreign currency exchange loss (benefit)  1,497   (134)
    Non-recurring activity (1)  (478)  — 
    Adjusted operating profit $2,420  $161 
         
    Net loss  (600)  (2,575)
    Less: net (loss) earnings - noncontrolling interests  (56)  116 
    Net loss attributable to Hill International, Inc. $(544) $(2,691)
    Adjustments to net loss attributable to Hill International, Inc.    
    Less: Interest and related financing fees, net  1,326   1,347 
    Income tax expense  438   1,076 
    Depreciation and amortization expense  590   694 
    EBITDA  1,810   426 
    Adjustments to EBITDA:    
    Share-based compensation  387   449 
    Unrealized foreign currency exchange loss (benefit)  1,497   (134)
    Non-recurring activity (1)  (478)  — 
    Adjusted EBITDA $3,216  $741 
         
    Net loss attributable to Hill International, Inc. $(544) $(2,691)
    Adjustments to net loss attributable to Hill International, Inc.    
    Share-based compensation  387   449 
    Unrealized foreign currency exchange loss (benefit)  1,497   (134)
    Non-recurring activity (1)  (478)  — 
    Adjusted net income $862  $(2,376)

    (1) Non-recurring activity includes the partial collection of a fully reserved receivable in Libya, net of other non-recurring activity, during the three months ended March 31, 2022.



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      Net Income Improved to $1.4 Million and Adjusted EBITDA Rose 70.9% to $6.5 Million Reiterates 2022 Outlook Second Quarter 2022 Overview Total revenue increased to $105.7 million from $101.5 million in the prior year period.Consulting Fee Revenue ("CFR") rose 12.9% to $87.7 million from $77.7 million in the prior year periodGross profit up 19.6% to $37.4 million from $31.3 million in the prior year periodNet income improved to $1.4 million, or $0.02 per diluted share, from a net loss of $(0.5) million, or $(0.01) per diluted share in the prior year period; adjusted net income (a non-GAAP measure) improved to $3.2 million from adjusted net loss of $(0.07) million in the prior year periodAdj

      8/9/22 4:05:00 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • Hill International Schedules Release of Second Quarter 2022 Financial Results and Conference Call

      PHILADELPHIA, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today that it will release its financial results for the second quarter ended June 30, 2022, on Tuesday, August 9, 2022, after the close of the stock market. Raouf Ghali, Hill's Chief Executive Officer, and Todd Weintraub, Senior Vice President and Chief Financial Officer, will host a conference call on Wednesday, August 10, 2022, at 9:00 am Eastern Daylight Time to discuss the results. Interested parties may participate in the call by dialing (877) 407-9753 (Domestic) or (201) 493-6739 (International) approximately 10 minutes before the call is scheduled to be

      8/1/22 4:15:00 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary

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    Insider Trading

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    • SEC Form 4: Steele Susan M. returned $488,662 worth of shares to the company (143,724 units at $3.40), closing all direct ownership in the company

      4 - Hill International, Inc. (0001287808) (Issuer)

      12/27/22 5:05:07 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form 4: Dengler William H returned $484,969 worth of shares to the company (142,638 units at $3.40), closing all direct ownership in the company

      4 - Hill International, Inc. (0001287808) (Issuer)

      12/27/22 5:03:31 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form 4: Weintraub Todd E returned $599,777 worth of shares to the company (176,405 units at $3.40), closing all direct ownership in the company

      4 - Hill International, Inc. (0001287808) (Issuer)

      12/27/22 5:02:23 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary

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    • Pitney Bowes Appoints Lance Rosenzweig as Permanent CEO and Strengthens Board of Directors

      Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co

      10/29/24 8:00:00 AM ET
      $GM
      $GME
      $IAC
      $MYRG
      Auto Manufacturing
      Consumer Discretionary
      Electronics Distribution
      Computer Software: Programming Data Processing

    $HIL
    SEC Filings

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    • SEC Form 15-12G filed by Hill International Inc.

      15-12G - Hill International, Inc. (0001287808) (Filer)

      1/9/23 10:04:39 AM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form S-8 POS filed by Hill International Inc.

      S-8 POS - Hill International, Inc. (0001287808) (Filer)

      12/27/22 4:24:12 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form S-8 POS filed by Hill International Inc.

      S-8 POS - Hill International, Inc. (0001287808) (Filer)

      12/27/22 4:23:21 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary