Meadow Valley Awarded $67.9 Million Contract
December 21 2007 - 3:05PM
Business Wire
Meadow Valley Corporation (NASDAQ:MVCO) announced today that it has
been awarded a new construction contract by the Arizona Department
of Transportation valued at approximately $67.9 million. On
December 12, 2007, the Company announced that it was the apparent
low bidder on this contract. Under the contract, Meadow Valley will
improve I-17 in Phoenix from the Loop 101 interchange to Jomax
Road. The work includes widening I-17 from four lanes to eight
lanes, reconstructing one interchange with new bridges, and
widening four existing bridges. Meadow Valley expects to complete
approximately half this contract in 2008 and the balance in 2009.
About Meadow Valley Meadow Valley Corporation, based in Phoenix,
Arizona, is engaged in the construction industry as both a
contractor and a supplier of construction materials. The Company's
construction services segment specializes in structural concrete
construction of highway bridges and overpasses, and the paving of
highways and airport runways, primarily in Nevada and Arizona. The
Company's construction materials operations provide concrete and
gravel products primarily to other contractors. The Company's
materials operations are concentrated in Southern Nevada and
Arizona. Forward-Looking Statements Certain statements in this
release are forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Such statements are based
on current expectations, estimates and projections about the
Company's business based, in part, on assumptions made by
management. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult
to predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including the
following: changes in demand for the Company's products and
services, product mix, the timing of new orders and contract
awards, the impact of competitive products and pricing, excess or
shortage of production capacity, and other risks discussed from
time to time in the Company's Securities and Exchange Commission
filings and reports, including the Company's Annual Report on Form
10-K for the year ended December 31, 2006. In addition, such
statements could be affected by general industry and market
conditions and growth rates, and general domestic economic
conditions. Such forward-looking statements speak only as of the
date on which they are made and the company does not undertake any
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this release.
Meadow Valley (MM) (NASDAQ:MVCO)
Historical Stock Chart
From Nov 2024 to Dec 2024
Meadow Valley (MM) (NASDAQ:MVCO)
Historical Stock Chart
From Dec 2023 to Dec 2024