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    Hill International Reports 2022 Second Quarter Financial Results

    8/9/22 4:05:00 PM ET
    $HIL
    Military/Government/Technical
    Consumer Discretionary
    Get the next $HIL alert in real time by email

    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 period
    • Gross profit up 19.6% to $37.4 million from $31.3 million in the prior year period
    • Net 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 period
    • Adjusted EBITDA (a non-GAAP measure) increased 70.9% to $6.5 million from $3.8 million in the same period last year

    PHILADELPHIA, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Hill International, Inc. (NYSE:HIL) ("Hill" or the "Company"), delivering the infrastructure of change, announced today its financial results for the second quarter ("Q2 2022") and six months ended June 30, 2022.

    "Demand for Hill's services is accelerating across our end markets and geographies, with an emphasis on U.S. infrastructure projects," said Raouf Ghali, Hill's Chief Executive Officer. "We produced our second consecutive quarter of $80+ million CFR and quarter-over-quarter improvements in gross profit, operating income, and Adjusted EBITDA, and a return to net profitability. Our team produced a strong new bookings quarter, including projects in the water, energy, transportation, food production, and high-profile / mixed use residential sectors. New business development activity is robust. We believe that we are well-positioned to capitalize on industry and end market opportunities and look forward to the balance of 2022 with great optimism."

    "Adjusted EBITDA for Q2 2022 increased by 70.9% to $6.5 million from the same period last year and by 110.9% to $9.7 million for the first six months of 2022," said Todd Weintraub, Hill's Chief Financial Officer. "Cash used in operations during Q2 2022 was $0.4 million, a significant improvement from a $3.3 million use of cash in the first quarter of 2022. We expect to generate positive cash flow for the remainder of 2022 and are forecasting strong overall business performance for the second half of 2022. We remain confident in our ability to achieve annual CFR of $340 million to $350 million and adjusted EBITDA of $22 million to $24 million."         

    Q2 2022 Financial Results Overview

    Revenue increased to $105.7 million in Q2 2022 from $101.5 million in the second quarter of 2021 ("Q2 2021"), primarily reflecting a return to pre-COVID project activity levels, including returns to full staffing on certain existing projects and mobilizations on certain newly awarded projects.

    Consulting fee revenue ("CFR") rose 12.9% to $87.7 million in Q2 2022 from $77.7 million in Q2 2021.

    Gross profit in Q2 2022 increased 19.6% to $37.4 million, or 35.4% of total revenue, from $31.3 million, or 30.8% of total revenue, in Q2 2021, driven by higher CFR and improved contract profit margins.

    Selling, general, and administrative ("SG&A") expenses in Q2 2022 rose 19.0% to $32.3 million, or 86.4% of total gross profit, from $27.1 million, or 86.6% of total gross profit, in Q2 2021. The increase in year-over-year SG&A reflected increased investments in Hill's business development team and additional expenses associated with increased CFR, as well as higher costs associated with consultants, temporary office support, and travel. SG&A in 2022 also included a $0.6 million charge related to a bond that was called. The Company has received a final court order to have the bond returned and expects to reverse its charge in the second half of 2022. SG&A expenses in Q2 2021 were reduced by $0.5 million representing an increase in bad debt recoveries associated with the receipt of payments against previously reserved receivables, on a Libyan-based project.

    Excluding the impact of the above-referenced Libya bad debt recoveries and bond cost, SG&A expenses as a percentage of gross profit in Q2 2022 and 2021 would have been 84.7% and 88.1%, respectively. As previously announced, management has taken steps to ensure costs grow more slowly than gross profit. To this end, Hill has reduced the annual run rate of G&A expenses by approximately $4.0 million, the initial impact of which began to be realized in Q2 2022.

    Operating profit for Q2 2022 improved to $4.5 million from $2.9 million in Q2 2021. Improved gross profit from higher CFR was partially offset by an increase in foreign currency exchange losses when compared to Q2 2021 and higher SG&A as discussed above. Adjusted operating profit, a non-GAAP measure (see definition and reconciliation in the table below) was $6.3 million in Q2 2022, compared to adjusted operating profit of $3.3 million in Q2 2021.

    Net income attributable to Hill in Q2 2022 was $1.4 million, or $0.02 per diluted share, compared to net loss attributable to Hill of $(0.5) million, or $(0.01) per diluted share, in Q2 2021, driven by the same factors discussed above. Adjusted net income, a non-GAAP measure (see definition and reconciliation in the table below) which excludes the impact of foreign currency exchange losses, was $3.2 million in Q2 2022 compared to an adjusted net loss of $(0.07) million in Q2 2021.

    Adjusted EBITDA, a non-GAAP measure (see definition and reconciliation in the table below) was $6.5 million in Q2 2022, compared to adjusted EBITDA of $3.8 million in Q2 2021.

    Financial Condition and Backlog

    Net cash used in operating activities in Q2 2022 was $0.4 million compared to net cash provided by operating activities of $3.6 million in Q2 2021. Free cash flow, a non-GAAP measure (see definition below) for Q2 2022 was $(0.8) 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 Q2 2021 was $3.3 million, which represents net cash provided by operating activities, less $0.2 million in property and equipment purchased during the quarter.

    Unrestricted cash at June 30, 2022 was $20.3 million compared to unrestricted cash of $21.8 million at December 31, 2021. At June 30, 2022, the Company had approximately $6.2 in available and undrawn credit facilities and total liquidity was $28.5 million.

    Backlog (which is a non-GAAP measure; see definition below) was $723.7 million at June 30, 2022 compared to $729.4 million at December 31, 2021.

    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, August 10, 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 in over 100 offices worldwide, provides program management, project management, construction management, project management oversight, construction claims, dispute resolution, advisory, 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+CDevin Sullivan
    Senior Vice President Hill International, IncSenior Vice President
    One Commerce Square(212) 836-9608
    2005 Market Street, 17th Floor[email protected]
    Philadelphia, PA 19103 
    (215) 309-7707Lena Cati
    [email protected]Vice President
     (212) 836-9611
     [email protected]
      

    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (In thousands)

     June 30, 2022 December 31, 2021
    Assets(Unaudited)  
    Cash and cash equivalents$20,333  $21,821 
    Cash - restricted 3,897   5,562 
    Accounts receivable, net 131,117   119,516 
    Current portion of retainage receivable 6,123   9,743 
    Accounts receivable - affiliates 21,343   21,741 
    Prepaid expenses and other current assets 10,981   9,937 
    Income tax receivable 2,381   2,163 
    Total current assets 196,175   190,483 
    Property and equipment, net 8,734   8,895 
    Cash - restricted, net of current portion 2,919   3,063 
    Operating lease right-of-use assets 16,951   18,347 
    Financing lease right-of-use assets 675   801 
    Retainage receivable 7,616   7,491 
    Acquired intangibles, net 2,976   3,002 
    Goodwill 41,805   44,127 
    Investments 1,124   2,038 
    Deferred income tax assets 2,071   2,165 
    Other assets 3,714   2,645 
    Total assets$284,760  $283,057 
    Liabilities and Stockholders' Equity   
    Current maturities of notes payable and long-term debt$28,989  $25,841 
    Accounts payable and accrued expenses 68,808   63,856 
    Income taxes payable 3,808   2,610 
    Current portion of deferred revenue 4,406   4,088 
    Current portion of operating lease liabilities 4,835   4,777 
    Current portion of financing lease liabilities 249   246 
    Other current liabilities 8,429   6,006 
    Total current liabilities 119,524   107,424 
    Notes payable and long-term debt, net of current maturities 28,979   29,302 
    Retainage payable 286   279 
    Deferred income taxes 936   959 
    Deferred revenue 5,381   9,541 
    Non-current operating lease liabilities 17,230   18,565 
    Non-current financing lease liabilities 448   573 
    Other liabilities 11,631   13,175 
    Total liabilities 184,415   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, 63,664 shares and 63,291 shares issued at June 30, 2022 and December 31, 2021, respectively 6   6 
    Additional paid-in capital 218,298   217,471 
    Accumulated deficit (82,927)  (83,813)
    Accumulated other comprehensive (loss) income (6,463)  (1,813)
    Less treasury stock of 6,807 at June 30, 2022 and December 31, 2021 (29,056)  (29,056)
    Hill International, Inc. share of equity 99,858   102,795 
    Noncontrolling interests 487   444 
    Total equity 100,345   103,239 
    Total liabilities and stockholders' equity$284,760  $283,057 
            

    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (In thousands, except per share data)

    (Unaudited)

     Three Months Ended June 30, Six Months Ended June 30,
     2022 2021 2022 2021
    Consulting fee revenue$87,689  $77,688  $169,120  $150,097 
    Reimbursable expenses 18,040   23,858   38,846   38,535 
    Total revenue$105,729  $101,546  $207,966  $188,632 
    Direct expenses 68,302   70,263   138,703   130,118 
    Gross profit 37,427   31,283   69,263   58,514 
    Selling, general and administrative expenses 32,254   27,098   61,797   54,784 
    Foreign currency exchange loss 1,190   1,953   2,926   2,240 
    Plus: Share of profit of equity method affiliates 492   665   950   1,253 
    Operating profit$4,475  $2,897  $5,490  $2,743 
    Less: Interest and related financing fees, net 1,381   1,504   2,707   2,851 
    Other loss, net 364   2   214   — 
    Earnings (loss) before income taxes$2,730  $1,391  $2,569  $(108)
    Income tax expense 1,341   1,793   1,779   2,869 
    Net earnings (loss)$1,389  $(402) $790  $(2,977)
    Less: net (loss) earnings - noncontrolling interests (41)  91   (98)  207 
    Net earnings (loss) attributable to Hill International, Inc.$1,430  $(493) $888  $(3,184)
            
    Basic earnings (loss) per common share - Hill International, Inc.$0.02  $(0.01) $0.02  $(0.06)
    Basic weighted average common shares outstanding 57,789   57,079   57,748   57,029 
            
    Diluted earnings (loss) per common share - Hill International, Inc.$0.02  $(0.01) $0.02  $(0.06)
    Diluted weighted average common shares outstanding 58,917   57,079   59,087   57,029 
                    

    HILL INTERNATIONAL, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In thousands)

    (Unaudited)

     Three Months Ended June 30, Six Months Ended June 30,
     2022 2021 2022 2021
    Cash flows from operating activities:       
    Net earnings (loss)1,390  (402)  790   (2,977)
    Adjustments to reconcile net loss to net cash provided by (used in):       
    Depreciation and amortization596  595   1,185   1,289 
    Provision for bad debt212  (2,226)  (167)  (2,457)
    Amortization of deferred loan fees128  174   291   394 
    Deferred tax expense(43) (27)  34   143 
    Share-based compensation384  922   771   1,371 
    Operating lease right-of-use assets1,221  1,525   1,931   2,844 
    Foreign currency remeasurement losses734  1,953   973   2,240 
    Changes in operating assets and liabilities:       
    Accounts receivable(9,138) 2,740   (16,370)  (7,095)
    Accounts receivable - affiliate(2,197) (7,635)  399   (10,237)
    Prepaid expenses and other current assets(330) (3,388)  (1,369)  (5,160)
    Income taxes receivable(373) (462)  (496)  1,189 
    Retainage receivable243  (622)  3,317   (419)
    Other assets(233) 204   (496)  (2,142)
    Accounts payable and accrued expenses3,576  7,956   7,136   4,037 
    Income taxes payable315  (422)  1,274   (376)
    Deferred revenue1,249  (723)  (2,971)  472 
    Operating lease liabilities(1,398) (924)  (1,641)  (1,987)
    Other current liabilities3,622  3,210   2,507   5,124 
    Retainage payable3  208   7   (322)
    Finance lease liabilities(4) —   (9)  — 
    Other liabilities(319) 911   (801)  910 
    Net cash used in operating activities(362) 3,567   (3,705)  (13,159)
    Cash flows from investing activities:       
    Purchase of NEYO Group—  (683)  —   (683)
    Purchase of property and equipment(406) (275)  (1,138)  (1,087)
    Net cash used in investing activities(406) (958)  (1,138)  (1,770)
    Cash flows from financing activities:       
    Repayment of term loans(167) (265)  (339)  (522)
    Proceeds from revolving loans8,787  10,568   22,868   15,973 
    Repayment of revolving loans(10,682) (9,449)  (19,235)  (11,226)
    Proceeds from stock issued under employee stock purchase plan35  84   56   95 
    Net cash provided by financing activities(2,088) 938   3,228   4,320 
    Effect of exchange rate changes on cash, cash equivalents and restricted cash(376) (1,564)  (1,682)  (2,105)
    Net decrease in cash, cash equivalents and restricted cash(3,232) 1,983   (3,297)  (12,714)
    Cash, cash equivalents and restricted cash — beginning of period     30,446   41,413 
    Cash, cash equivalents and restricted cash — end of period    $27,149  $28,699 



     Six Months Ended June 30,
    Supplemental disclosures of cash flow information:2022 2021
    Interest and related financing fees paid$2,484 $2,289
    Income taxes paid 1,810  1,649
    Cash paid for amounts included in the measurement of lease liabilities 3,892  3,148
    Right-of-use assets obtained in exchange for operating lease liabilities 759  8,698
    Right-of-use assets obtained in exchange for finance lease liabilities —  205
          

    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

    June 30,
     Six Months Ended

    June 30,
     2022 2021 2022 2021
            
    Operating profit$4,475  $2,897  $5,490  $2,743 
    Adjustments to operating profit       
    Share-based compensation 384   922   771   1,371 
    Unrealized foreign currency exchange loss (benefit) 456   (29)  1,953   (101)
    Non-recurring activity (1) 938   (474)  459   (474)
    Adjusted operating profit$6,253  $3,316  $8,673  $3,539 
            
    Net earnings (loss) 1,389   (402)  790   (2,977)
    Less: net (loss) earnings - noncontrolling interests (41)  91   (98)  207 
    Net earnings (loss) attributable to Hill International, Inc.$1,430  $(493) $888  $(3,184)
    Adjustments to net loss attributable to Hill International, Inc.       
    Less: Interest and related financing fees, net 1,381   1,504   2,707   2,851 
    Income tax expense 1,341   1,793   1,779   2,869 
    Depreciation and amortization expense 596   595   1,185   1,289 
    EBITDA 4,748   3,399   6,559   3,825 
    Adjustments to EBITDA:       
    Share-based compensation 384   922   771   1,371 
    Unrealized foreign currency exchange loss (benefit) 456   (29)  1,953   (101)
    Non-recurring activity (1) 938   (474)  459   (474)
    Adjusted EBITDA$6,526  $3,818  $9,742  $4,621 
            
    Net earnings (loss) attributable to Hill International, Inc.$1,430  $(493) $888  $(3,184)
    Adjustments to net loss attributable to Hill International, Inc.       
    Share-based compensation 384   922   771   1,371 
    Unrealized foreign currency exchange loss (benefit) 456   (29)  1,953   (101)
    Non-recurring activity (1) 938   (474)  459   (474)
    Adjusted net income$3,208  $(74) $4,071  $(2,388)



    (1)Non-recurring activity includes the partial collection of a fully reserved receivable in Libya and amounts related to a Romanian Bond Call in our Europe Operations, net of other non-recurring activity, during the three and six months ended June 30, 2022.
      


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      Computer Software: Programming Data Processing
    • Ancora Nominates Four Highly Qualified, Independent Director Candidates and Urges Orderly CEO Succession at Elanco Animal Health

      Believes Slate Possesses Necessary Experience in Capital Allocation, Corporate Governance, Pet Healthcare, Supply Chain Management and Succession Planning Contends the Upcoming Annual Meeting is the Ideal Moment to Introduce Truly Independent Directors and Start a Boardroom Dialogue Around a Properly Timed CEO Change in 2025 Reminds Shareholders That Elanco's Leadership Has Failed to Deliver Value and Meet its Own Promises Over Every Long-Term Horizon Urges Shareholders to Review Presentation Regarding the Case for Shareholder-Driven Change Atop Elanco Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we"), which owns approximately 3% of the outstanding common s

      2/29/24 8:00:00 AM ET
      $ABT
      $CHRW
      $ELAN
      $FWRD
      Biotechnology: Pharmaceutical Preparations
      Health Care
      Oil Refining/Marketing
      Consumer Discretionary

    $HIL
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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
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      $IAC
      $MYRG
      Auto Manufacturing
      Consumer Discretionary
      Electronics Distribution
      Computer Software: Programming Data Processing

    $HIL
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    $HIL
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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
    • Hill International Reports 2022 Third Quarter Financial Results

      PHILADELPHIA, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Hill International, Inc. (NYSE:HIL) ("Hill" or the "Company"), delivering the infrastructure of change, announced today its financial results for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Overview Total revenue increased to $109.6 million from $96.6 million in the prior year period.Consulting Fee Revenue (CFR) rose 10.5% to $85.1 million from $77.1 million in the prior year periodGross profit up 6.8% to $34.6 million from $32.4 million in the prior year periodNet loss of $(0.7) million, or $(0.01) per diluted share, compared to net income of $1.3 million, or $0.02 per diluted share in the prior year peri

      11/11/22 4:05:00 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • Hill International Reports 2022 Second Quarter Financial Results

      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
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      Military/Government/Technical
      Consumer Discretionary

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    • SEC Form SC 13G/A filed by Hill International Inc. (Amendment)

      SC 13G/A - Hill International, Inc. (0001287808) (Subject)

      2/13/23 10:58:28 AM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Hill International Inc. (Amendment)

      SC 13D/A - Hill International, Inc. (0001287808) (Subject)

      11/10/22 4:15:28 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Hill International Inc. (Amendment)

      SC 13D/A - Hill International, Inc. (0001287808) (Subject)

      11/1/22 5:25:27 PM ET
      $HIL
      Military/Government/Technical
      Consumer Discretionary