Latest news with #PublicWorksandUtilities
Yahoo
09-07-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Bentley's Q1 Earnings Call
Bentley's first quarter results were shaped by expanding recurring revenues, ongoing account diversification, and robust demand from infrastructure-focused sectors. Management credited the company's improved business mix, particularly its reduced exposure to cyclical commercial and industrial segments, and highlighted the strength of its E365 enterprise subscription program. CEO Nicholas Cumins noted that the addition of over 600 new small and mid-size business customers, as well as high retention rates, contributed to steady annual recurring revenue growth. Public Works and Utilities remained strong, with infrastructure funding and engineering workforce shortages supporting software adoption. Is now the time to buy BSY? Find out in our full research report (it's free). Revenue: $370.5 million vs analyst estimates of $365.4 million (9.7% year-on-year growth, 1.4% beat) Adjusted EPS: $0.35 vs analyst estimates of $0.30 (16.6% beat) Adjusted Operating Income: $143.5 million vs analyst estimates of $130.7 million (38.7% margin, 9.8% beat) Operating Margin: 31.1%, up from 27.2% in the same quarter last year Net Revenue Retention Rate: 110%, in line with the previous quarter Annual Recurring Revenue: $1.32 billion at quarter end, up 11.2% year on year Billings: $368.8 million at quarter end, up 13.4% year on year Market Capitalization: $16.94 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Joe Vruwink (Baird) asked about the mix of state versus federal funding in U.S. infrastructure and the impact of shifting federal priorities. CEO Greg Bentley and CEO Nicholas Cumins explained that while the headline funding amount is steady, a greater focus on roads and permitting reform could benefit Bentley. Matt Hedberg (RBC) inquired about macroeconomic pressures in sensitive segments like commercial facilities and industrial. Cumins noted continued softness in commercial facilities, but said industrial sentiment is improving due to U.S. manufacturing initiatives. Jason Celino (KeyBanc) sought clarity on ARR growth seasonality and linearity through the year. CFO Werner Andre detailed that sequential growth is expected to be higher in Q2 and Q4, with Q3 as a seasonal low due to timing of deals. Siti Panigrahi (Mizuho) asked about the progress integrating Cesium and the Google partnership into asset analytics. Cumins reported successful adoption and expects expanded reach and win rates, noting ongoing development of new use cases. Blair Abernethy (Rosenblatt Securities) questioned how Bentley is using AI to address the engineering talent shortage. Cumins described automating drawing production and leveraging customer data—with consent—to train AI agents, while also using AI internally to improve developer productivity. In the coming quarters, the StockStory team will be watching (1) the pace of adoption for AI-powered automation in Bentley's engineering applications, (2) the monetization and traction of asset analytics platforms, especially those integrating Google's data, and (3) continued growth in public sector infrastructure funding across key geographies. Expansion in asset operations and maintenance will also be a critical indicator for future recurring revenue growth. Bentley currently trades at $53.86, up from $43.75 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Yahoo
29-05-2025
- Health
- Yahoo
Botanica to save 3-million gallons of Wichita water
WICHITA, Kan. (KSNW) — Even with recent heavy rains, Wichita continues to be in Stage 2 of its Drought Response Plan. To help, one of the city's most beautiful tourist attractions has come up with a way to save millions of gallons of city water. Botanica is launching a first-of-its-kind Reclaimed Water Project. It will reuse the test water coming out of the pipes of the new water treatment facility to water its 20 acres of gardens. The water is not drinkable, but it is safe for the plants. 'Botanica has developed a custom system on site to access and store, and move the reclaimed water through our irrigation systems, which covers 20 acres throughout our gardens,' Lynette Zimmerman, Botanica executive director, said. The water facility is in northwest Wichita, just north of the Sedgwick County Zoo, miles from Botanica, located near the center of Wichita. Rainfall amounts across Kansas Gary Janzen, the Public Works and Utilities director, said the new water facility was designed for finished water to be piped to the Hess Pump Station, which is near Botanica. 'Our engineers and operations folks were able to find an innovative way that will be able to capture that test water for direct utilization by Botanica, hopefully over the course of the summer,' Janzen said. Botanica plans to use the reclaimed water over the next 100 days, through the hottest days of the summer. 'We anticipate using at least 42,000 gallons of water a day to serve these irrigation needs,' Zimmerman said. 'Our goal is to use, overall, between three to four million gallons over the course of the summer.' When Wichita entered Stage 2 of the drought plan, Botanica found a way to reduce its water usage by 10% while still maintaining its beautiful gardens. Reclaiming water is the next step in sustainability. 'We have a quarter of a million plants here at Botanica,' Zimmerman said. 'We are known for our seasonal colors. We are internationally recognized for our water lily collection. We are a destination for nature's beauty right here in the heart of the Midwest.' Click here to learn more about Botanica's Reclaimed Water Project and how you can help. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31-03-2025
- Health
- Yahoo
Life saving acts, road closures, and a $68M utility water project
GOSHEN — The city of Goshen is looking for a $68 million loan to help pay for a water project. Director of Public Works and Utilities Dustin Sailor requested permission from the Goshen Board of Public Works Thursday to submit a loan application on behalf of the Goshen Water Utility company to the State Revolving Loan Fund. The proposed project as described in the memorandum written by Sailor, is for an upgrade in water supply and treatment infrastructure for the city. In the proposal, it is said that the growth forecasts as well as the infrastructure is indicating the need for additional treatment to avoid the Indiana Department of Environmental Management connection ban. If the ban were to happen, it would prevent any new customers. Sailor wrote in the proposal that the main goal for the project would consist of new construction of a new south water treatment plan to meet increasing system water demands as well as the replacement of the existing Hilltop Booster Station to meet pressure requirements. The application will be submitted for the proposed loan request of $68 million and the city will begin the process of improving water supply, distribution, and water treatment. LIFE-SAVING AWARDS Three life saving awards presented to Goshen police officers Patrol Division Chief Ryan Adams presented three Life Saving awards, recognizing the work of Capt. Austin Everage on Oct. 10, 2024. On that day officers were notified of a person suffering a possible fentanyl overdose. Capt. Everage arrived at the scene and assisted the individual who had the signs of an overdose with Narcan. When there was no immediate response to the Narcan, Everage began to perform cardiopulmonary resuscitation. Goshen paramedics arrived and took over and transported the person to the hospital. Adams said that Everage then later spoke to medical staff and was informed that the person was recovering and later discharged. The second award Adams presented was to Lt. Mark Clere and officer Kyle Priem for their quick work in finding an individual who was in a mental crisis and suffering from an injury. The person was in a location where he may not have been found without the efforts put in by the officers, according to Adams. Officer Priem had located the individual by tracking the ankle monitor and guided officers to the location of the person. In efforts to save the life of the person in crisis and their injury, Clere applied a tourniquet to the severe injury while checking for other injuries while leading the other officers, Adams said. Without the work of both officers, the serious injury and crisis could have been fatal. PROMOTIONS The Goshen Fire Department promoted the following members: • EMS Lt. Winston Lechlitner to the rank of EMS captain • Fire Sgt. Colton Cox to the rank of fire lieutenant • James 'Mike' White to the rank of EMS lieutenant • Firefighter Daniel Kurtz to the rank of fire sergeant Goshen Fire Department and Goshen Police Department retirements and resignations include: • Resignation and retirement of EMS Capt. Kit Castetter • Retirement of Police Officer Michael Johnson and his K-9 'Jetta' • Retirement of Police Officer Keith A. Miller LEGAL REQUESTS The following legal requests were approved: • Transit Services Agreement with the Michiana Area Council of Governments and for the city to contribute $62,000 in 2025 as local matching funds for transit program. • Elkhart County Health Department awarding the city $125,000 for the Mobile Integrated Health program. • An easement at 200 Westwood Road from Goshen Hospital Association Inc. • Awarding the $22,900 contract for the demolition of the unsafe building at 304 W. Oakridge Ave. and the sealing and restoration of the connection between the building and the garage at 306 W. Oakridge Ave. to B & E Excavating, LLC • The terms and conditions to ratify the mayor's execution of the Legal Services Agreement with Baron & Budd, P.C., Cossich, Sumich, Parsiola & Taylor, LLC, Cohen & Malad LLP, and Scott Yonover, P.C. in connection with PFAS litigation ENGINEERING REQUESTS The following engineering requests were approved by the board: • Road closure of bridge deck overlay on Third Street and Ind. 15 bridge between U.S. 33 and Mill Street. Lane closures will take place on Ind. 15 and one lane traffic is to be expected beginning as early as Tuesday and to continue until mid-November. In the later phase, residents can expect closures on Middlebury St. onto Ind. 15. Road closure on Reliance Road, between the south entrance to the courthouse and Peddlers Village Road intersection, for the roadway and storm construction work from Tuesday thru July 15, 2025 • Road closure of East Lincoln Avenue, from Rock Run Creek to just east of Olive Street, and Olive Street between Lincoln Avenue and Vinson Court, from April 7 until Aug. 8. • Road closure of Reynolds Street, from the railroad tracks to the west side of the intersection of 10th Street, Tuesday to April 25. • A temporary removal of the 'No Truck' designation on Blackport Drive, starting April 7 until no later than Nov. 21. • Agreement Amendment No. 1 with DLZ Indiana LLC for Wilden Avenue Reconstruction project's consultant services in the amount of $77,980, making the full Agreement amount $602,480. • Accepted bid by Davey Resource Group, Inc. for $98,990 for the Wellington Ditch Logjam Removal project. • Construction Standard Details for Streets and Utilities as presented. • Agreement with Arco-Murray and Lag Realty LLC for the completion of the Hyundai dealership at 3202 Elkhart Road.
Yahoo
30-01-2025
- Yahoo
Santa Fe Public Utilities director accused of stealing at airport no longer employed by city
SANTA FE, N.M. (KRQE) – The City of Santa Fe's director of Public Works and Utilities is no longer employed by the city as of Wednesday. John Dupuis was arrested in December for allegedly stealing a checked box full of gifts from the Santa Fe Regional Airport's baggage claim area. Story continues below Weather: Widespread snow & rain in northern New Mexico Crime: Video shows moments officers save baby in stolen truck in Rio Rancho National: Pause on federal grants sparks concern in NM Don't Miss: Santa Fe police, animal services rescue injured pelican The box belonged to a couple traveling from Denver and contained Christmas gifts including custom canvas paint prints, Lego sets, a custom leather pouch, and other items valued at over $1,000, according to court documents. Dupuis was booked into the Santa Fe County Detention Center on Dec. 27 and was charged with larceny (over $500 but not more than $2,500). The announcement about Dupuis' employment status comes after the city said it completed its own internal investigation into Dupuis. After the allegations surfaced, Dupuis was placed on administrative leave without pay. City Communications Director Regina Ruiz said the city does not comment on personnel matters. Dupuis was selected by former City Manager John Blair for the role of Public Utilities Department Director and started in the position in March 2023. Before that, he served as the Utilities director for Santa Fe County for over five years. He also previously served as the Upper Chama Water Master for NM Office of the State Engineer. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
