| Frequently
Asked Questions about Perini Corporation
Who
is Perini Corporation?
What
services does Perini provide?
How
is Perini organized?
When
was Perini founded?
Who
are Perini's clients?
How
big is the marketplace for Perini Corporation's services?
What
is Perini's strategy?
Where
is Perini located?
How
many people work for Perini?
When
does Perini's fiscal year end?
Who
is Perini's transfer agent?
Who
do I contact for further investor information?
Who
is Perini Corporation?
Perini Corporation is one of the leading construction companies in the
world, with an operating history of more than 111 years. We provide general contracting, including building and civil construction, and
construction management and design-build services to private clients and public agencies in the U.S. and selected overseas locations.
Perini has an unmatched reputation in many niche markets, including the hospitality and gaming industry, corrections, health care, sports, entertainment and
education. Civil infrastructure continues to be another focus of the company, which is know for executing large and complex civil construction projects.
What
services does Perini provide?
As a general contractor, Perini is responsible for planning and scheduling the manpower, equipment, materials
and subcontractors required for the timely completion of a construction project. In addition, Perini self-performs many key construction tasks, such as concrete and excavation. In
addition to the general contracting method, Perini offers these services under construction management or design-build contracting arrangements.
How
is Perini organized?
The company has three operating business segments: Building Operations, Civil Operations and Management Services.
Perini's building construction segment specializes in the construction of hotels and casinos; residential developments; corporate campuses; health care, education and corrections facilities;
and sports, entertainment and retail venues. Three companies - Perini Building Company, Inc., James A Cummings, Inc. and Rudolph and Sletten, Inc. - have earned reputations as partners of choice
in these markets, through its record of timely completion of challenging projects on budget.
Perini is a leading civil infrastructure contractor in the Northeastern U.S., Mid-Atlantic States and Florida, conmducting its operations as Perini Civil Construction and Cherry Hill Construction. Perini
is a key player in the repair, renovation and rehabilitation of highways, bridges, water treatment facilities and tunnels. Perini Civil's senior management team and field personnel bring an unmatched depth
of experience in executing complex civil construction assignments.
Perini Management Services Inc. performs specialized, rapid-response construction assignments for the U.S. government and multi-national corporations at home and abroad. Recent projects include State Department
security upgrade projects at select overseas locations.
When
was Perini founded?
The company
was incorporated in 1918 as a successor to businesses that had been engaged in
providing construction services since 1894. Perini's common shares are traded
on the New York Stock Exchange under the ticker "PCR."
Who
are Perini's clients?
Perini's
clients include some of the most visionary developers and demanding public
agencies in the world.
Developers
of hotels, casinos and entertainment venues throughout the U.S. recognize
Perini as the "go-to" contractor. No where is this more evident than
in Las Vegas where Perini's exceptional performance on fast-track projects
of immense proportions have set the Company above all others. The
elegant Paris Casino Resort, the Egyptian-themed Luxor Hotel and Casino,
the youthful Hard Rock Café Hotel and Casino, and the rustic Mohegan
Sun Expansion are all examples of how Perini has met (and is meeting) the
specific challenges of building themed entertainment venues.
When
the Commonwealth of Massachusetts decided the best way to increase traffic
flow through Boston was to build an eight-lane highway beneath the city,
Perini was among the top-tier construction companies selected for the job.
Boston's "Big Dig" project is the largest civil infrastructure undertaking
in the U.S.
When
U.S. embassies and consulates overseas needed security upgrades to protect
themselves against terrorist attacks, the U.S. State Department turned
to Perini Management Services Inc.. Much of PMSI's work requires
top-secret clearance from the U.S. government.
How
big is the marketplace for Perini Corporation's
services?
Demand for
Perini's expertise continues to grow. Perini is one of the most versatile and successful
contractors in the U.S., consistently reporting revenues in excess of $1 billion with a
current construction backlog of approximately $7.9 billion, up 586% from previous year end . The
company believes that several underlying trends, including the aging of urban infrastructure
and continued investment in hospitality, gaming and residential projects at which Perini
excels, will create exciting new opportunities in the future.
What
is Perini's strategy?
The company's current
strategy is to concentrate on profitable execution of existing contracts in gaming and
hospitality market as well as the civil construction market with the goal of continuing to improve
profit margins.
In building construction, the company plans to continue to seek opportunities
in market niches where it has strong expertise, and to expand into new markets that are compatible
with its expertise. In addition, Perini continues to pursue relationships such as design-build
and alternative delivery that provide added value to its public and private sector clients.
The company believes that the best opportunities for growth for its civil construction business
are in complex urban infrastructure projects, particularly in Metropolitan New York and
Blatimore/Washingtron D.C. where it has a strong regional presence.
Where
is Perini located?
Perini
Corporation has several locations throughout the U.S. Its headquarters
is in Framingham, Mass., near Boston.
Perini
Corporation
73
Mount Wayte Avenue
Framingham,
MA 01701
508-628-2000
Click
here for a complete listing of Perini locations.
How
many people work for Perini?
At
any given time, as many as 10,000 skilled craftsmen may be supervised by
Perini project management teams on projects throughout the world. Because
of our position in the industry, when a large, sophisticated project requires
additional manpower, we know where to find the people best-suited to the
complexity and rigors of the assignment.
When
does Perini's fiscal year end?
Perini's
fiscal year ends each December 31st.
Who
is Perini's transfer agent?
Perini's
transfer agent and registrar is EquiServe. For questions regarding transfer
procedures, proxies and other stock account matters, you may contact them
at the Boston EquiServe Division, 150 Royall Street, Canton, MA 02021,
(781) 575 2000.
Who
do I contact for further investor information?
For
investor information please contact the following individuals:
Bob
Band
Chief
Operating Officer
Perini
Corporation
73
Mount Wayte Avenue
Framingham,
MA 01701
508-628-2000
Douglas Kiker
Kekst and Company, Inc.
437 Madison Avenue
New York, NY 10022
Office: 212-521-4855
Cell: 917-574-8609
Fax: 212-521-4900
douglas-kiker@kekst.com
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