Avatar Construction Expands Design-Build Expertise in Ground-Up Developments Across Massachusetts & New Hampshire
Avatar Construction's comprehensive A-to-Z approach ensures developers, property owners, and stakeholders benefit from end-to-end solutions tailored to meet project-specific needs. Their services begin with critical site feasibility studies, including soil testing and evaluation, followed by financial forecasting and underwriting to build solid project foundations.
'Our development success is driven by strategy and a calculated process that we have fine-tuned and perfected over the years,' said Nazar Vincent, President at Avatar Construction. 'Our design-build methodology, combined with our deep knowledge of New England markets, allows us to deliver exceptional results that are innovative, efficient, and cost-effective.'
The company's services also encompass land entitlement and permitting, a crucial step for keeping projects on track, as well as navigating town, city, and state tax abatement programs to maximize financial viability. Their team's expertise in historical and environmental analyses ensures compliance with local requirements while preserving the integrity of each site.
A hallmark of Avatar's approach is their design and construction management expertise, which guarantees maximum hard and soft costs, mitigating financial risks for developers. After construction, Avatar Construction further supports clients with asset stabilization, condo documentation, and end-product sales, ensuring developments are built to last and prepared for market success.
Avatar also delivers finance structuring solutions, managing both debt and equity, to give clients a competitive advantage. By addressing every aspect of the development process, Avatar Construction is uniquely positioned as a trusted partner for groundbreaking projects across New England.
'Our design-build process is about more than combining design and construction – it's about driving efficiency, transparency, and collaboration from concept to completion,' said Vincent. 'By uniting all project phases under one roof, we streamline decision-making and keep clients engaged every step of the way, resulting in projects that are delivered on time, within budget, and tailored to our clients' unique goals.'
One of Avatar's latest projects is Grand Central Suites (21 Central Street in Manchester NH), set to be completed in late 2025. This transformative development will bring 77 modern apartment units to Downtown Manchester, including 11 luxurious penthouse suites and 1,700 square feet of prime retail space. Grand Central Suites is poised to become a cornerstone of the community, contributing to the ongoing revitalization of the downtown area and setting a new standard for urban living in the region. This is the first of several 'Grand' properties slated for Avatar Construction.
'As we bring Grand Central Suites to life, our vision is to create a landmark that not only elevates the urban landscape but also strengthens the fabric of the Manchester community,' said Vincent. 'This project represents the best of what our design-build approach can achieve – thoughtful design, quality construction, and a lasting positive impact for residents and local businesses alike.'
About Avatar Construction
Avatar Construction is a leading design-build firm headquartered in Watertown, Massachusetts, with projects spanning across New England. Specializing in ground-up developments for multi-family apartments, condos, hotels, and mixed-use projects, the company offers a comprehensive suite of services, including site feasibility, financial forecasting, permitting, tax abatement, design, and construction management.
Driven by a passion for innovation and a deep commitment to delivering lasting value, Avatar Construction continually seeks out new technologies and building practices to set higher standards in construction and design. The firm believes in creating spaces that enrich communities and support sustainable growth, taking pride in its ability to blend client aspirations with positive local impact. Looking ahead, Avatar Construction aims to lead the way in transformative projects that shape the future of urban environments, always emphasizing quality, integrity, and visionary thinking on every build.
Learn more: https://avatarconstructioninc.com/
MEDIA CONTACT:
Nazar Vincent
Avatar Construction
+1 617-714-5773
[email protected]
MULTIMEDIA:
Photo link for media: https://www.Send2Press.com/300dpi/25-0717-s2p-grandcentral-300dpi.jpg
Photo caption: Grand Central Suites in Manchester NH.
NEWS SOURCE: Avatar Construction Inc.
Keywords: Construction and Building, avatar construction, grand central suites, multi-family design build, Nazar Vincent, BOSTON, Mass.
This press release was issued on behalf of the news source (Avatar Construction Inc.) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P127809 APNF0325A
To view the original version, visit: https://www.send2press.com/wire/avatar-construction-expands-design-build-expertise-in-ground-up-developments-across-massachusetts-new-hampshire/
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"I am incredibly grateful to our dedicated global team for demonstrating clinical and commercial excellence across the company and positioning us for differentiated long-term performance." Second quarter financial results and recent developments: Reported net sales of $5.061 billion, representing an increase of 22.8 percent on a reported basis, compared to the company's guidance range of 17.5 to 19.5 percent; 21.6 percent on an operational basis; and 17.4 percent on an organic basis, compared to the company's guidance range of 13 to 15 percent, all compared to the prior year period. Reported GAAP net income attributable to Boston Scientific common stockholders of $0.53 per share, compared to the company's guidance range of $0.45 to $0.47 per share, and achieved adjusted EPS of $0.75 per share, compared to the guidance range of $0.71 to $0.73 per share. Achieved the following net sales growth in each reportable segment, compared to the prior year period: MedSurg: 15.7 percent reported, 14.7 percent operational and 7.0 percent organic Cardiovascular: 26.8 percent reported, 25.5 percent operational and 23.2 percent organic Achieved the following net sales growth in each region, compared to the prior year period: United States (U.S.): 30.7 percent reported and operational Europe, Middle East and Africa (EMEA): 6.8 percent reported and 1.8 percent operational Asia-Pacific (APAC): 18.0 percent reported and 15.4 percent operational Latin America and Canada (LACA): 4.0 percent reported and 8.9 percent operational Emerging Markets4: 11.6 percent reported and 12.1 percent operational Received U.S. Food and Drug Administration approval to expand instructions for use labeling to include the treatment of drug refractory, symptomatic persistent atrial fibrillation (AF) with the FARAPULSE™ Pulsed Field Ablation (PFA) System. Commenced enrollment in the ReMATCH IDE clinical trial to evaluate the safety and effectiveness of the FARAWAVE™ and FARAPOINT™ PFA Catheters in patients with persistent AF who previously received a cardiac ablation and experienced a recurrence of the condition.5 Received CE mark for the WATCHMAN FLX™ Pro Left Atrial Appendage Closure Device, which is optimized for healing and designed to improve visualization during device placement and treat a broader range of patient anatomies. Completed the acquisition of Intera Oncology® Inc., a medical device company that provides the Intera 3000 Hepatic Artery Infusion Pump and floxuridine, a chemotherapy drug. Completed the acquisition of SoniVie Ltd., the developer of the TIVUS™ Intravascular Ultrasound System, an investigational renal nerve denervation technology designed to treat hypertension.5 1. Operational net sales growth excludes the impact of foreign currency fluctuations. 2. 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The FARAPOINT PFA Catheter and the TIVUS Intravascular Ultrasound System are investigational devices. Restricted by Federal law to investigational use only. 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Growth rates are based on actual, non-rounded amounts and may not recalculate precisely.Net sales growth rates that exclude the impact of foreign currency fluctuations and/or the impact of certain acquisitions/divestitures are not prepared in accordance with U.S. GAAP. Guidance for Full Year and Third Quarter 2025 The company estimates net sales growth for the full year 2025, versus the prior year period, to be approximately 18 to 19 percent on a reported basis and 14 to 15 percent on an organic basis. Full year organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to certain acquisitions and divestitures for which there are less than a full period of comparable net sales. The company estimates EPS on a GAAP basis in a range of $1.89 to $1.93 and estimates adjusted EPS, excluding certain charges (credits), of $2.95 to $2.99. The company estimates net sales growth for the third quarter of 2025, versus the prior year period, to be in a range of approximately 17 to 19 percent on a reported basis, and 12 to 14 percent on an organic basis. Third quarter organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to certain acquisitions and divestitures for which there are less than a full period of comparable net sales. The company estimates EPS on a GAAP basis in a range of $0.44 to $0.46 and estimates adjusted EPS, excluding certain charges (credits), of $0.70 to $0.72. Conference Call InformationBoston Scientific management will be discussing these results with analysts on a conference call today at 8:00 a.m. ET. The company will webcast the call to interested parties through its website: Please see the website for details on how to access the webcast. The webcast will be available for approximately one year on the Boston Scientific website. About Boston ScientificBoston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at and connect on LinkedIn and X. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "may," "intend" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our expected net sales; reported, operational and organic revenue growth rates; reported and adjusted EPS for the third quarter and full year 2025; our financial performance; acquisitions; clinical trials; our business plans and product performance; and new and anticipated product approvals and launches. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements. Risks and uncertainties that may cause such differences include, among other things: economic conditions, including the impact of foreign currency fluctuations; future U.S. and global political, competitive, reimbursement and regulatory conditions, including changing trade and tariff policies; geopolitical events; manufacturing, distribution and supply chain disruptions and cost increases; disruptions caused by cybersecurity events; disruptions caused by public health emergencies or extreme weather or other climate change-related events; labor shortages and increases in labor costs; variations in outcomes of ongoing and future clinical trials and market studies; new product introductions; expected procedural volumes; the closing and integration of acquisitions; demographic trends; intellectual property; litigation; financial market conditions; the execution and effect of our business strategy, including our cost-savings and growth initiatives; and future business decisions made by us and our competitors. New risks and uncertainties may arise from time to time and are difficult to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements, except as required by law. This cautionary statement is applicable to all forward-looking statements contained in this press release. Note: Amounts reported in millions within this press release are computed based on the amounts in thousands. As a result, the sum of the components reported in millions may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying unrounded amounts. Use of Non-GAAP Financial InformationA reconciliation of the company's non-GAAP financial measures to the corresponding GAAP measures, and an explanation of the company's use of these non-GAAP financial measures, is included in the exhibits attached to this press release. CONTACT: Media: Emily AndersonInvestors: Lauren Tengler617-515-2000 (office) 508-683-4479 (office)Media Relations Investor RelationsBoston Scientific Corporation Boston Scientific BSXInvestorRelations@ BOSTON SCIENTIFIC CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended June 30,Six Months Ended June 30, (in millions, except per share data) 2025 20242025 2024 Net sales $ 5,061 $ 4,120$ 9,724 $ 7,977 Cost of products sold 1,637 1,2703,090 2,479 Gross profit 3,424 2,8506,633 5,498 Operating expenses:Selling, general and administrative expenses 1,716 1,4463,312 2,810 Research and development expenses 526 383969 749 Royalty expense 14 928 19 Amortization expense 225 213444 427 Intangible asset impairment charges 46 27646 276 Contingent consideration net expense (benefit) (5) 20 18 Restructuring net charges (credits) 83 193 52,605 2,3304,894 4,303 Operating income (loss) 819 5201,740 1,195 Other income (expense):Interest expense (90) (77)(172) (146) Other, net 213 (23)179 (21) Income (loss) before income taxes 941 4201,746 1,028 Income tax expense (benefit) 146 98279 213 Net income (loss) 795 3221,467 815 Net income (loss) attributable to noncontrolling interests (2) (2)(4) (4) Net income (loss) attributable to Boston Scientific common stockholders $ 797 $ 324$ 1,471 $ 819 Net income (loss) per common share - basic $ 0.54 $ 0.22$ 0.99 $ 0.56 Net income (loss) per common share - diluted $ 0.53 $ 0.22$ 0.98 $ 0.55 Weighted-average shares outstandingBasic 1,479.9 1,470.61,478.5 1,469.5 Diluted 1,493.5 1,484.21,493.3 1,483.0Amounts may not add due to rounding. BOSTON SCIENTIFIC CORPORATION NON-GAAP NET INCOME AND NET INCOME PER SHARE RECONCILIATIONS (Unaudited) Three Months Ended June 30, 2025 (in millions, except per share data) Gross Profit Operating Expenses Operating Income (Loss) Other Income (Expense) Income(Loss) Before Income Taxes Net Income (Loss) Net Income (Loss) Attributable to Noncontrolling Interests Net Income (Loss) Attributable to Boston Scientific Common Stockholders Impact per Share Reported $ 3,424 $ 2,605 $ 819 $ 122 $ 941 $ 795 $ (2) $ 797 $ 0.53 Non-GAAP adjustments:Amortization expense — (225) 225 — 225 193 2 191 0.13 Goodwill and other intangible asset impairment charges — (46) 46 — 46 37 — 37 0.02 Acquisition/divestiture-related net charges (credits) 46 (92) 138 (230) (92) (92) — (92) (0.06) Restructuring and restructuring-related net charges (credits) 37 (124) 161 — 161 142 — 142 0.10 Investment portfolio net losses (gains) and impairments — — — (2) (2) (2) — (2) (0.00) EU MDR implementation costs 7 (3) 10 — 10 9 — 9 0.01 Deferred tax expenses (benefits) — — — — — 45 — 45 0.03 Discrete tax items — — — — — 0 — 0 0.00 Adjusted $ 3,514 $ 2,114 $ 1,399 $ (110) $ 1,289 $ 1,127 $ 0 $ 1,127 $ 0.75 Three Months Ended June 30, 2024 (in millions, except per share data) Gross Profit Operating Expenses Operating Income Loss) Other Income (Expense) Income (Loss) Before Income Taxes Net Income (Loss) Net Income (Loss) Attributable to Noncontrolling Interests Net Income (Loss) Attributable to Boston Scientific Common Stockholders Impact per Share Reported $ 2,850 $ 2,330 $ 520 $ (100) $ 420 $ 322 $ (2) $ 324 $ 0.22 Non-GAAP adjustments:Amortization expense — (213) 213 — 213 184 2 182 0.12 Goodwill and other intangible asset impairment charges — (276) 276 — 276 243 — 243 0.16 Acquisition/divestiture-related net charges (credits) 11 (37) 48 1 49 38 — 38 0.03 Restructuring and restructuring-related net charges (credits) 30 (20) 50 — 50 44 — 44 0.03 Investment portfolio net losses (gains) and impairments — — — 31 31 29 — 29 0.02 EU MDR implementation costs 8 (4) 12 — 12 10 — 10 0.01 Deferred tax expenses (benefits) — — — — — 44 — 44 0.03 Adjusted $ 2,899 $ 1,780 $ 1,119 $ (68) $ 1,051 $ 913 $ (0) $ 914 $ 0.62 An explanation of the company's use of these non-GAAP financial measures is provided at the end of this document. Amounts may not add due to rounding. BOSTON SCIENTIFIC CORPORATION NON-GAAP NET INCOME AND NET INCOME PER SHARE RECONCILIATIONS (Unaudited) Six Months Ended June 30, 2025 in millions, except per share data Gross Profit Operating Expenses Operating Income (Loss) Other Income (Expense) Income (Loss) Before Income Taxes Net Income (Loss) Net Income (Loss) Attributable to Noncontrolling Interests Net Income (Loss) Attributable to Boston Scientific Common Stockholders Impact per Share Reported $ 6,633 $ 4,894 $ 1,740 $ 6 $ 1,746 $ 1,467 $ (4) $ 1,471 $ 0.98 Non-GAAP adjustments:Amortization expense — (444) 444 — 444 383 4 378 0.25 Goodwill and other intangible asset impairment charges — (46) 46 — 46 37 — 37 0.02 Acquisition/divestiture-related net charges (credits) 136 (150) 286 (229) 57 61 — 61 0.04 Restructuring and restructuring-related net charges (credits) 61 (149) 210 — 210 184 — 184 0.12 Investment portfolio net losses (gains) and impairments — — — 6 6 5 — 5 0.00 EU MDR implementation costs 15 (7) 23 — 23 19 — 19 0.01 Deferred tax expenses (benefits) — — — — — 91 — 91 0.06 Discrete tax items — — — — — 0 — 0 0.00 Adjusted $ 6,846 $ 4,097 $ 2,749 $ (216) $ 2,533 $ 2,249 $ 1 $ 2,248 $ 1.51 Six Months Ended June 30, 2024 in millions, except per share data Gross Profit Operating Expenses Operating Income (Loss) Other Income (Expense) Income(Loss) Before Income Taxes Net Income (Loss) Net Income (Loss) Attributable to Noncontrolling Interests Net Income(Loss) Attributable to Boston Scientific Common Stockholders Impact per Share Reported $ 5,498 $ 4,303 $ 1,195 $ (167) $ 1,028 $ 815 $ (4) $ 819 $ 0.55 Non-GAAP adjustments:Amortization expense — (427) 427 — 427 369 4 364 0.25 Goodwill and other intangible asset impairment charges — (276) 276 — 276 243 — 243 0.16 Acquisition/divestiture-related net charges (credits) 22 (90) 112 0 112 115 — 115 0.08 Restructuring and restructuring-related net charges (credits) 55 (42) 97 — 97 84 — 84 0.06 Investment portfolio net losses (gains) and impairments — — — 18 18 18 — 18 0.01 EU MDR implementation costs 17 (8) 26 — 26 22 — 22 0.01 Deferred tax expenses (benefits) — — — — — 81 — 81 0.05 Adjusted $ 5,592 $ 3,461 $ 2,131 $ (148) $ 1,983 $ 1,746 $ 1 $ 1,745 $ 1.18 An explanation of the company's use of these non-GAAP financial measures is provided at the end of this document. Amounts may not add due to rounding. BOSTON SCIENTIFIC CORPORATION Q3 and FY 2025 GUIDANCE RECONCILIATIONS (Unaudited) Net Sales Q3 2025 EstimateFull Year 2025 Estimate(Low) (High)(Low) (High) Reported growth 17.0 % 19.0 %18.0 % 19.0 % Impact of foreign currency fluctuations (0.5) % (0.5) %(0.5) % (0.5) % Operational growth 16.5 % 18.5 %17.5 % 18.5 % Impact of certain acquisitions/divestitures (4.5) % (4.5) %(3.5) % (3.5) % Organic growth 12.0 % 14.0 %14.0 % 15.0 % Earnings per Share Q3 2025 EstimateFull Year 2025 Estimate(Low) (High)(Low) (High) GAAP results $ 0.44 $ 0.46$ 1.89 $ 1.93 Amortization expense 0.14 0.140.52 0.52 Acquisition/divestiture-related net charges (credits) 0.04 0.040.11 0.11 Restructuring and restructuring-related net charges (credits) 0.05 0.050.24 0.24 Other adjustments 0.04 0.040.18 0.18 Adjusted results $ 0.70 $ 0.72$ 2.95 $ 2.99 Amounts may not add due to rounding. Use of Non-GAAP Financial Measures To supplement our unaudited consolidated financial statements presented on a GAAP basis, we disclose certain non-GAAP financial measures, including adjusted net income (loss), adjusted net income (loss) attributable to Boston Scientific common stockholders and adjusted net income (loss) per share (EPS) that exclude certain charges (credits); operational net sales, which exclude the impact of foreign currency fluctuations; and organic net sales, which exclude the impact of foreign currency fluctuations as well as the impact of certain acquisitions and divestitures with less than a full period of comparable net sales. These non-GAAP financial measures are not in accordance with generally accepted accounting principles in the United States and should not be considered in isolation from or as a replacement for the most directly comparable GAAP financial measures. 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Boston Scientific: Q2 Earnings Snapshot
MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — Boston Scientific Corp. (BSX) on Wednesday reported second-quarter profit of $797 million. On a per-share basis, the Marlborough, Massachusetts-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. The medical device manufacturer posted revenue of $5.06 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $4.89 billion. For the current quarter ending in September, Boston Scientific expects its per-share earnings to range from 70 cents to 72 cents. The company expects full-year earnings in the range of $2.95 to $2.99 per share. Boston Scientific shares have increased 15% since the beginning of the year, while the S&P's 500 index has increased slightly more than 7%. The stock has increased 32% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BSX at
