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Wednesday, July 08, 2020 9:37:58 AM
- Covid hasn't been adversely impacting the business, company has transitioned to remote working environment well
- Govt projects have been holding steady and even seeing acceleration in this environment
- Private projects a mixed bag, with some areas slowing while others doing well
- Current leverage sits around 3.3x, with covenant at 5.0x. They don't anticipate any risk of running into an issue here.
- Most of this is one time due to combination transaction, future acquisitions will be done through cash and equity, with an aim to pull leverage down over time
- Date of next earnings release should be announced within next 10 days
- Tone of analyst seemed positive about the future of the company
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